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French Election: Le Pen enjoys boost in polls, while Macron suffers

May 01, 2017 04:53 am UTC| Commentary

With less than a week to go to the second round of the French election, the Front National candidate Marine Le Pen is enjoying a boost in support, while the support for a Macron Presidency plummets by six points. Harris...

FxWirePro: The Day Ahead- 1st May 2017

May 01, 2017 04:06 am UTC| Commentary Economy

Due to Labor Day holiday all across the globe, not many economic dockets scheduled for today and all with low to medium risks associated. Upcoming: Japan: Vehicle sales report for April will be released at 5:00...

Swedish retail sales grow below undershoot expectations, modest trend in retail sales to continue

Apr 28, 2017 23:19 pm UTC| Commentary

Swedish retail sales grew on a year-on-year basis in March. The retail sales growth figure came in at 1.9 percent year-on-year, as compared with Februarys year-on-year growth of 2.6 percent and consensus expectations of...

U.S. personal spending likely rose in March, personal income to have expanded modestly – TD Economics

Apr 28, 2017 23:08 pm UTC| Commentary

The nominal PCE of the U.S. is likely to have increased in March. According to a TD Economics report, personal spending is expected to have risen 0.2 percent, reflecting a decline in spending on durables and modest gains...

U.K. headline inflation likely to peak at around 3 pct in early 2018 on increased import prices

Apr 28, 2017 23:00 pm UTC| Commentary

The consumer price inflation in the U.K. was just above zero one year ago. But recently, it has accelerated above 2 percent, whereas the core rate has risen sharply to just below 2 percent. Along with the sharp rises in...

South Korea’s economy to grow 2.6 pct in 2017 on solid exports and likely extra fiscal spending in H2

Apr 28, 2017 22:51 pm UTC| Commentary

The South Korean economic growth accelerated in the first quarter to 0.9 percent sequentially, according to the preliminary estimate. On a year-on-year basis, it grew 2.7 percent. Investment mainly drove the rebound in the...

U.S. crude oil production expands significantly in February

Apr 28, 2017 22:31 pm UTC| Commentary

The Petroleum Supply Monthly Report of EIA indicated that the U.S. crude oil production expanded in February by 190 kb/d month-on-month to 9.03 mb/d. This increase was driven by a sharp rise in Lower-48 onshore output....

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Economy

Fed’s Logan Signals 50 Basis Points More in Rate Hikes

Dallas Federal Reserve President Lorie Logan said Thursday that U.S. interest rates may need to rise by at least another 50 basis points as inflation remains above the Federal Reserves 2% target, although surging Treasury...

Asian Stocks Fall as US Jobs Data and Oil Risks Rattle Markets

Asian stocks declined on Friday as investors braced for crucial U.S. jobs data while volatility in global bond and currency markets and rising Middle East tensions kept risk appetite subdued. MSCIs broadest index of...

Yen Strengthens on Tokyo Inflation as Dollar Awaits US Jobs Data

The Japanese yen strengthened on Friday after hotter-than-expected Tokyo inflation data increased expectations for further Bank of Japan interest rate hikes, while the U.S. dollar paused ahead of the closely watched...

Gold Prices Steady as Markets Await U.S. Jobs Data

Gold prices were largely unchanged on Friday as investors awaited key U.S. employment data for fresh signals on the Federal Reserves interest-rate outlook, while a strong dollar and elevated Treasury yields kept pressure...

Tokyo Inflation Jumps to 2.7%, Boosting BOJ Rate Hike Expectations

Tokyo consumer inflation accelerated sharply in September, with core prices rising more than economists expected and strengthening expectations that the Bank of Japan (BOJ) could continue raising interest rates as...

Politics

US Waives Egypt Military Aid Conditions Over Iran War Role

The United States has waived human rights conditions tied to $320 million in military aid for Egypt, citing Cairos security cooperation and its role following the start of the US-led war against Iran. Secretary of State...

Tsai Ing-wen to Visit US for Stanford Security Conference

Former Taiwan President Tsai Ing-wen will travel to the United States next week to speak at a Stanford University technology and national security conference, marking her first U.S. visit since leaving office in 2024. Tsai...

South Korea Warns Ukraine Over North Korean POW Dispute

South Korean President Lee Jae Myung warned Friday that Seoul could take additional measures against Ukraine unless Kyiv acknowledges an alleged confidentiality agreement involving two North Korean prisoners of war and...

Iran Plans Stronger Response if US Attacks Resume

Iran is preparing for a broader military response if the United States resumes large-scale attacks, even as Tehran keeps diplomatic channels open in an effort to prevent another major escalation. Senior Iranian commanders...

Brazil Presidential Debate Canceled as Lula, Bolsonaro Skip Event

Brazils final major presidential debate was canceled on Thursday after President Luiz Inacio Lula da Silva and Senator Flavio Bolsonaro, the two leading candidates in the polls, decided not to participate just days before...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

SoftBank Shares Fall After $10 Billion OpenAI Investment

SoftBank Group shares dropped sharply on Friday after the Japanese technology conglomerate completed the final portion of its latest OpenAI investment, lifting its total investment in the artificial intelligence company to...

Amazon Eyes $8 Billion Nvidia Chip Spinoff to Fund AI Expansion

Amazon is exploring a plan to transfer roughly $8 billion worth of advanced Nvidia artificial intelligence chips to outside investors as the technology giant looks for new ways to finance its rapidly expanding AI...

California AG Subpoenas OpenAI Over AI Cybersecurity Incidents

California Attorney General Rob Bonta served OpenAI with an investigative subpoena Wednesday, escalating a state investigation into cybersecurity incidents involving the artificial intelligence company and its models. The...

WordPress Malware Uses Ethereum to Evade Removal

Security researchers have uncovered a persistent WordPress malware strain that uses Ethereum infrastructure for command-and-control communications, making infected websites unusually difficult to clean. According to...

DogeOS Launches Testnet to Bring DeFi Apps to Dogecoin

DogeOS has launched a public testnet designed to bring Ethereum-style decentralized finance applications to Dogecoin, potentially expanding DOGEs utility beyond payments and price speculation. The Ethereum-compatible...