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FxWirePro: Asian markets noticeably down, gold touches $1,327 mark

Jun 04, 2019 05:17 am UTC| Commentary

All the major Asian indices were trading on a lower note on Tuesday. Gold was trading around $1,323 mark while silver was trading around $14.72 mark. Japans Nikkei was trading 0.18 pct lower at 20,375.49...

FxWirePro: The Day Ahead- 4th June 2019

Jun 04, 2019 05:01 am UTC| Commentary

Not many economic data and events scheduled for today, but some with high volatility risks associated. Data released so far: Australia: Retail sales declined 0.1 percent m/m in April. Q1 current account balance...

RBI likely to deliver 25 bp rate cut amid India’s benign inflation, aim to stimulate nation’s economic growth: Scotiabank

Jun 04, 2019 04:34 am UTC| Commentary Central Banks Economy

The Reserve Bank of India (RBI) is expected to deliver a 25 bp rate cut amid Indias benign inflation on Thursday afternoon, with the aim of stimulating the nations economic growth that slowed to 5.8% yoy in the...

U.S. construction spending comes in flat in April

Jun 03, 2019 19:26 pm UTC| Commentary

U.S. construction spending came in flat in April, as compared with expectations of a modest rise of 0.4 percent. The miss relative to forecast was due to unexpected softness in private construction spending, which dropped...

U.S. ISM manufacturing index drops to 52.1 in May

Jun 03, 2019 17:55 pm UTC| Commentary

The U.S. ISM manufacturing index dropped in May to 52.1 from Aprils 52.8, coming in below market expectations of a slightly rise to 53. The details came in mixed. The production sub-index dropped to 51.3, while backlog of...

U.S. manufacturing sector’s health rebounds only marginally, PMI index falls in May to lowest since September 2009

Jun 03, 2019 16:25 pm UTC| Commentary

The health of the U.S. manufacturing sector saw only a marginal rebound. The seasonally adjusted IHS Markit manufacturing PMI index dropped to 50.5 in May from Aprils 52.6. This is the lowest since September 2009. The...

Brazilian manufacturing sector stagnates in May, IHS manufacturing PMI index falls to 50.2

Jun 03, 2019 14:16 pm UTC| Commentary

Brazilian manufacturing industrys operating conditions rebounded just marginally in May in the midst of weaker output growth, a renewed fall in sales and job shedding. The IHS Markit Brazil Manufacturing PMI index dropped...

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Economy

Viksit Bharat 2026: Fiscal Muscle, Factory Revival, and the War on Speculation

Finance Minister Nirmala Sitharamans Union Budget 202627 pursues the Viksit Bharat vision vigorously by combining severe fiscal discipline with a huge growth push. Driven by a 7% GDP growth objective and a lowered fiscal...

IMF Forecasts Global Inflation Decline as Growth Remains Resilient

Global inflation is expected to continue its downward trend over the coming years, according to new projections from the International Monetary Fund (IMF). The IMF estimates that global inflation will fall to 3.8% this...

EU Recovery Fund Faces Bottlenecks Despite Driving Digital and Green Projects

Across Spains olive groves and vineyards, sensors and drones funded by the European Unions massive post-pandemic recovery plan are collecting soil data to power AI-driven farming. These projects reflect the core ambition...

JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand

JPMorgan has raised its year-end 2026 gold price forecast to an ambitious $6,300 per ounce, reinforcing its bullish outlook on the precious metal despite recent market volatility. The bank points to sustained and...

Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook

The Philippines manufacturing sector showed a notable rebound at the start of the year, as the SP Global Philippines Manufacturing Purchasing Managers Index (PMI) climbed to a nine-month high of 52.9 in January, up from...

Politics

Medvedev Warns World Is Growing More Dangerous but Says Russia Seeks to Avoid Global Conflict

Dmitry Medvedev, Russias deputy chairman of the Security Council and a senior Kremlin security official, has warned that the global situation is becoming increasingly dangerous, while stressing that Russia does not want a...

Laura Fernandez Set to Become Costa Rica’s Next President, Promising Sweeping Political Change

Laura Fernandez is poised to become Costa Ricas next president, marking a significant political shift as she pledges to continue and deepen the populist agenda of outgoing President Rodrigo Chaves. Her victory signals a...

Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry

British Prime Minister Keir Starmers recent visit to China underscores the complex balancing act Western middle powers are attempting as rivalry between Beijing and Washington intensifies. While the trip allowed China to...

Peter Mandelson Resigns from Labour Party Amid Renewed Jeffrey Epstein Links

Former British government minister Peter Mandelson has resigned from Prime Minister Keir Starmers Labour Party following renewed media scrutiny over his past connections to disgraced U.S. financier Jeffrey Epstein. The...

Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns

Japans ruling Liberal Democratic Party (LDP), led by Prime Minister Sanae Takaichi, is poised for a decisive victory in the upcoming lower house election, according to a new opinion poll released by the Asahi newspaper....

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

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...

Technology

Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand

Nvidia CEO Jensen Huang praised and gently pushed Taiwans leading technology suppliers to ramp up production, highlighting the intense global demand for artificial intelligence hardware during a high-profile visit to the...

Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure

Oracle has announced plans to raise between $45 billion and $50 billion in 2026 as it accelerates the expansion of its cloud infrastructure to meet surging demand from major technology and artificial intelligence clients....

Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate

Speculation around a potential Musk Inc has resurfaced as Elon Musks companiesSpaceX, Tesla, and xAIexplore closer ties amid rapid advances in artificial intelligence and automation. With SpaceX expected to go public later...

SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz

SpaceX delivered a strong financial performance last year, generating an estimated $8 billion in profit on revenues between $15 billion and $16 billion, according to people familiar with the companys results. The figures,...

SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom

SpaceX has revised its Starlink privacy policy to allow customer data to be used for artificial intelligence training, a move that could significantly support Elon Musks broader AI ambitions. The policy change comes as...