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US Yellen makes case for a December rate hike

Dec 02, 2015 18:46 pm UTC| Commentary Central Banks

In her speech to the Economic Club of Washington this lunch time, Fed Chair Janet Yellen was quite explicit in making the case for a first interest rate hike at the upcoming FOMC meeting, which ends on 16th...

ECB inflation hopes prove to be an illusion

Dec 02, 2015 17:47 pm UTC| Commentary Central Banks Economy

In the euro zone, the underlying price momentum based on the inflation rate without the volatile prices for energy, food, alcohol and tobacco dropped again to 0.9% in November. This makes the rise in core inflation rae to...

Bank of Canada on sidelines as Fed rate hike looms

Dec 02, 2015 17:20 pm UTC| Commentary Central Banks

The Bank of Canada kept the key overnight interest rate unchanged at 0.5 percent as expected, as the Federal Reserve is poised to hike rates for the first time in nearly 10 years. The Banks decision did not, however,...

Spain's labour market continues to be strong in Q4 15

Dec 02, 2015 16:50 pm UTC| Commentary Economy

Spanish job market data surprised significantly to the upside in November. The number of registered unemployed dropped markedly by 27.1k over the month (consensus: -6.5k), the sharpest decline since the creation of the...

ADP Jobs report handily beats expectations, bodes well for Friday’s payroll report

Dec 02, 2015 16:41 pm UTC| Commentary

The ADP jobs report was released today showing employers in the private sector added 217K jobs in November, thoroughly beating estimates and last months 196K figure. This ADP report previews Fridays much anticipated Labor...

Currency snapshot (major pairs)

Dec 02, 2015 16:30 pm UTC| Commentary

Dollar index trading at 100.3 (+0.46%). Strength meter (today so far) - Euro -0.50%, Franc -0.23%, Yen -0.45%, GBP -0.93% Strength meter (since last week) - Euro -0.14%, Franc +0.09%, Yen -0.55, GBP -0.60% EUR/USD...

Equity snapshot (indices)

Dec 02, 2015 16:15 pm UTC| Commentary

Equities are all mixed in todays trading. Kindly note all instruments mentioned here are CFDs, whose values might differ from cash or future traded. Performance this week at a glance in chart table SP 500 SP 500...

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Economy

Gold Prices Dip Amid Middle East Uncertainty and Inflation Fears

Gold prices edged lower during Asian trading on Thursday, retreating after modest gains in the previous session as investors continued monitoring escalating Middle East tensions threatening a fragile ceasefire between the...

Oil Prices Rebound as Hormuz Disruptions and Middle East Tensions Rattle Markets

Oil prices recovered Thursday following their sharpest single-day decline since April 2020, as ongoing disruptions in the Strait of Hormuz and escalating Middle East tensions renewed fears over global crude supply. By...

U.S. Futures Dip as Iran Ceasefire Faces Early Challenges

U.S. stock index futures edged slightly lower Wednesday evening as investors monitored the fragile state of a newly announced Iran-U.S. ceasefire agreement. The cautious overnight movement followed an exceptional trading...

U.S.-Iran Ceasefire: Fragile Truce Raises Hopes for Strait of Hormuz Peace Deal

A temporary ceasefire between the United States, Iran, and Israel is holding but just barely. U.S. Vice President JD Vance described the two-week truce as fragile on Wednesday, warning that Iran appeared to be...

Gold Surges Near 3-Week High as Trump-Iran Ceasefire Eases Geopolitical Tensions

Gold prices climbed sharply on Wednesday, nearing a three-week high after President Donald Trump announced a temporary ceasefire with Iran, easing geopolitical tensions that had been gripping global markets. Spot gold...

Politics

Taiwan Defense Budget: U.S. Senator Urges Legislature to Pass Spending Plan

Republican Senator Jim Banks visited Taipei and delivered a direct message to Taiwans President Lai Ching-te: the islands parliament must stop stalling and approve a proposed special defense budget. Banks, a member of the...

Haiti Election 2025: Voter Registration Delayed Amid Ongoing Security Crisis

Haitis Provisional Electoral Council (CEP) has officially announced the postponement of a voter registration drive that was originally set to begin on April 1. The council stated that updated registration dates would be...

Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles

A federal appeals court in Washington, D.C., has refused to halt the Pentagons national security blacklisting of AI company Anthropic, delivering a temporary win for the Trump administration. The ruling comes as another...

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...

FCC Moves to Ban All Chinese Labs From Testing U.S. Electronics

The Federal Communications Commission is escalating its crackdown on Chinese technology by preparing to vote on a sweeping proposal that would prohibit all Chinese laboratories from testing electronic devices intended for...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...

U.S. Disrupts Russian Military Hackers' Global DNS Hijacking Network

The U.S. Justice Department has successfully executed a court-authorized operation to dismantle a DNS hijacking network tied to Russian military intelligence. The network was run by GRU Military Unit 26165, a cyber unit...

Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand

Samsung Electronics delivered a stunning financial turnaround in the first quarter of 2025, projecting operating profit of approximately 57.2 trillion won (roughly $38 billion) a more than eightfold increase compared to...

China's Push to Steal Taiwan's Chip Technology and Talent Raises Security Alarms

Taiwans National Security Bureau has raised serious concerns about Beijings escalating efforts to infiltrate the islands world-class semiconductor industry. According to a report submitted to Taiwanese lawmakers, China is...

Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk

Apples highly anticipated foldable iPhone is running into significant engineering hurdles during its test phase, raising concerns about potential delays in both mass production and product shipments, according to a report...
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