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FxWirePro: The Day Ahead- 20th October, 2016

Oct 20, 2016 04:27 am UTC| Commentary Economy Central Banks

Not many economic dockets scheduled for today but some with high volatility risks associated. Data released so far: Australia: National Australia Banks business confidence rose to 5 in the third quarter. Full time...

Chart of the Day Series

Chart of the Day: Clinton vs. Trump

Oct 19, 2016 18:43 pm UTC| Commentary

With just 20 days to go to the November8 election, the average of polls from realclearpolitics.com shows Hillary is leading Trump by 6.6 points. Some of the top minds are however suggesting that this year could be the...

Global Geopolitics Series

Italy's referendum could herald a period of heightened uncertainty

Oct 19, 2016 15:33 pm UTC| Commentary

Italy could be at a brink of another political crisis if the 4 December referendum fails to pass. PM Renzi has indicated he may resign if his reform proposals fail to go through. Loss of the referendum and the resignation...

No further easing likely from Bank of Japan at November meet

Oct 19, 2016 14:51 pm UTC| Commentary

Bank of Japan Governor Haruhiko Kurodas tone has softened since a September policy meeting. Earlier this week Kuroda said that he would adjust policy to maintain inflation momentum if necessary, using relatively weaker...

Property tightening measures likely to weigh on China’s economy over the coming quarters

Oct 19, 2016 14:09 pm UTC| Commentary

Chinas property market is overheating. On an annual basis, Chinas property prices rose 13.7 percent in August, the fastest pace in the past decade. As property prices surged in the past few quarters, Chinese authorities...

China’s holdings of U.S. Treasuries slip to lowest level since November 2012

Oct 19, 2016 13:52 pm UTC| Commentary

According to U.S. Treasury Department data released Tuesday, Chinas holdings of U.S. Treasuries fell to $1.19 trillion in bonds, notes and bills in August, down $33.7 billion from the prior month. It was the biggest...

Concerns mount as China's credit growth continues to outstrip nominal GDP growth

Oct 19, 2016 13:34 pm UTC| Commentary

Government data released on Wednesday showed that Chinas economy grew 6.7 percent on-year during the July-September quarter, unchanged from the previous three months. The data was in line with market expectations and looks...

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Economy

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...

U.S. Stocks Hold Steady After Christmas as Trading Volumes Stay Light

U.S. stocks were mostly unchanged following the Christmas holiday, as subdued trading activity and thin volumes defined the session ahead of a shortened New Years trading week. With many global markets still observing...

Politics

FBI to Permanently Close Hoover Building, Relocate Headquarters to Reagan Building

FBI Director Kash Patel announced Friday that the agency will permanently shut down its historic headquarters, the J. Edgar Hoover Building in Washington, D.C., marking a major shift in the bureaus long-discussed...

Mark Carney Reaffirms Canada’s Support for Ukraine as Peace Talks With Russia Gain Momentum

Canadian Prime Minister Mark Carney held a phone call with Ukrainian President Volodymyr Zelenskyy on Friday to discuss the latest developments in ongoing peace negotiations between Ukraine and Russia, according to a...

Zelenskiy to Meet Trump in Florida as Ukraine-U.S. Peace Framework Nears Completion

Ukrainian President Volodymyr Zelenskiy is set to meet U.S. President Donald Trump in Florida on Sunday to discuss key territorial issues and security guarantees as negotiations aimed at ending the war in Ukraine enter a...

Lebanon Cabinet Approves Financial Gap Law to Tackle Ongoing Economic Crisis

Lebanons cabinet has approved a controversial draft law aimed at addressing the countrys prolonged financial crisis, a move seen as a critical step toward unlocking long-awaited international financial support. The...

Zelenskiy to Meet Trump to Advance Ukraine Peace Talks and Security Guarantees

Ukrainian President Volodymyr Zelenskiy announced on Friday that he plans to meet with U.S. President Donald Trump on Sunday as part of ongoing efforts to bring an end to Russias war in Ukraine. The high-level meeting is...

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

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...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...