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U.S. non-farm payrolls likely to rise in Oct, downward pressure likely to exist on jobless rate

Nov 04, 2016 11:19 am UTC| Commentary Economy

The October Labor Department employment situation report will be released on Friday, 4 November at 08:30EDT (12:30GMT). Overall, we expect non-farm payrolls will increase +180k in October (market expectations are for a...

US October non-farm payroll preview

Nov 04, 2016 11:14 am UTC| Commentary Economy

Today NFP report for the month of October is to be published at 12:30 GMT from US. What is NFP report? NFP or non-farm payroll report is the monthly statistics on labor condition in the US released by US...

UK gilts remain nearly flat in lacklustre trade; BoE MPC member Cunliffe’s speech in focus

Nov 04, 2016 10:57 am UTC| Commentary

The UK gilts traded nearly flat Friday as investors remain sidelined in any big deal ahead of the Bank of England MPC member Jon Cunliffe speech. The yield on the benchmark 10-year gilts, which moves inversely to its...

France services PMI points to modest rate of growth in October, slowest in three months

Nov 04, 2016 10:28 am UTC| Commentary Economy

Growth in French services sector weakened during the month of October, pointing to a modest rate of growth during the period, the slowest in three months. Concurrently, input cost inflation eased slightly, while average...

US Presidential Election Series: President Obama’s hypocrisy on leaks

Nov 04, 2016 10:17 am UTC| Commentary

This week, speaking in a radio interview, US President Barrack Obama said, we dont operate on innuendo and we dont operate on incomplete information and we dont operate on leaks. He was referring to the Federal Bureau of...

German bunds rise modestly following weakness in energy prices; investors eye US jobs data

Nov 04, 2016 09:47 am UTC| Commentary

The German bunds traded modestly firmer Friday as investors poured into safe-haven instruments amid losses in riskier assets including equities and crude oil. The yield on the benchmark 10-year bond, which moves...

FxWirePro: Adding new short positions to our EUR/USD short call

Nov 04, 2016 09:41 am UTC| Commentary

Our short call in Euro against the dollar is currently active, where we recommended going short in Euro against the dollar at 1.116 and at rallies with thestop loss around 1.15 and 1.16 area (later revised to 1.125 and...

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Economy

Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Volatility

Russian stocks finished Saturdays trading session slightly lower overall, with the MOEX Russia Index closing flat at 0.00% in Moscow. Market performance was mixed, as gains in select heavyweight stocks were offset by...

China Industrial Profits Slump Signals Need for More Economic Stimulus

Profits at Chinas industrial firms fell sharply in November, marking the fastest year-on-year decline in more than a year and underscoring the fragile state of the countrys economic recovery. According to data released by...

Japan to Audit Brazil’s Beef System, Paving Way for Market Access

Japan is set to conduct a comprehensive audit of Brazils beef sanitary system in March 2026, marking a significant step toward the possible opening of Japans lucrative beef market to Brazilian beef exports. The...

Wall Street Ends Post-Christmas Session Flat as Investors Eye Santa Claus Rally

Wall Street finished a light-volume, post-Christmas trading session nearly unchanged on Friday, as investors found little fresh news to drive strong market conviction. After a solid five-session rally, all three major U.S....

Argentina Congress Approves 2026 Budget Under Milei, Marking First Legislative Passage Since 2023

Argentinas Congress has approved the countrys 2026 national budget, marking the first budget bill passed by legislators since President Javier Milei assumed office in late 2023. The budget was approved on Friday by a vote...

Politics

Kosovo Heads to Early Parliamentary Election Amid Prolonged Political Deadlock

Kosovo is set to hold a crucial parliamentary election on Sunday as Prime Minister Albin Kurti and his nationalist Vetevendosje party attempt to secure a governing majority and resolve a year-long political stalemate that...

Myanmar Election 2025 Faces Global Scrutiny Amid Civil War and Political Repression

Voters in Myanmar began casting ballots in a highly controversial general election on Sunday, marking the first nationwide polls since the military coup that overthrew the elected civilian government in 2021. The election,...

Bolsonaro Undergoes Phrenic Nerve Block Procedure After Surgery-Related Complications

Brazils former President Jair Bolsonaro underwent a phrenic nerve block procedure on Saturday as doctors worked to treat persistent hiccups that developed following recent surgery, according to statements from his wife,...

Canada Announces $2.5 Billion Economic Aid Package to Support Ukraine’s Financial Stability

Canadian Prime Minister Mark Carney announced on Saturday that Canada will provide an additional $2.5 billion in economic aid to Ukraine, reinforcing the countrys ongoing support amid the prolonged conflict with Russia....

Israel Recognizes Somaliland as Independent State, Sparking Regional and Global Reactions

Israel has become the first country to formally recognize the self-declared Republic of Somaliland as an independent and sovereign state, a landmark decision that could significantly reshape political dynamics in the Horn...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

China Proposes Stricter Rules for AI Services Offering Emotional Interaction

Chinas top internet regulator has released draft regulations aimed at tightening oversight of artificial intelligence services that simulate human personalities and engage users emotionally, signaling a stronger push to...

Nvidia and Groq Strike Strategic AI Inference Licensing Deal

Reports earlier this week suggested that Nvidia (NASDAQ: NVDA) had agreed to acquire AI chip startup Groq in a $20 billion all-cash transaction. However, updated details clarify that the arrangement is not a traditional...

TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards

Several leading Japanese semiconductor equipment manufacturers have been recognized with 2025 Supplier Awards from Taiwan Semiconductor Manufacturing Company (TSMC), highlighting their growing importance in the global chip...

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...
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