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Daily Economic Outlook: 27th July, 2015

Jul 27, 2015 04:34 am UTC| Commentary

The German IFO survey will provide further indications of economic activity in the euro area at the start of Q3. Coming after the expected pickup in Q2, recent survey evidence has been mixed. Last weeks flash euro area PMI...

Mexican exports facing low demand growth from US

Jul 27, 2015 04:16 am UTC| Commentary

Mexican trade numbers this year have been considerably weaker than expected and recent numbers suggest that exports (and imports) weakness have deepened in Q2 following the demand weakness in the US, which constitutes...

Gold is supported below $1100 level on the start of new week

Jul 27, 2015 04:08 am UTC| Commentary

Dropping below the low of November 2014, the move represents the lowest gold price since 2010. US gold mining equities have also taken a beating. High debt levels accumulated during the boom are now weighing on stocks as...

USD likely to continue its upward trajectory

Jul 27, 2015 03:59 am UTC| Commentary

The FOMC statement should not present material changes, but risks are tilted towards a more optimistic rhetoric as recent economic data have improved and near-term risks regarding Greece have receded.The Employment Cost...

Extremely low Euro inflation to drive further EUR weakness

Jul 27, 2015 03:56 am UTC| Commentary

Euro area flash July HICP inflation should confirm extremely low inflation and support the ECBs continued commitment to its Public Sector Purchase Programme (PSPP). "Indeed, the ECB will continue its monthly asset...

BOE to hold until Q1 2016

Jul 27, 2015 03:51 am UTC| Commentary

GBP FX and rates have been volatile over the past month, driven in part by the medias more hawkish reporting of recent BoE communication and disappointing economic data."Overall, modest GBP outperformance is expected...

Fed hike expectations likely remain the main driver of USD/JPY

Jul 27, 2015 03:43 am UTC| Commentary

Recent price action has been consistent with the view that USD/JPY should oscillate around 123 with risks on both sides. Upside risks include a bringing forward of Fed hike expectations and downside risks include a...

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Economy

UK Finance Minister Healey Calls for Fiscal Discipline Amid Global Risks

British Finance Minister John Healey is set to emphasize fiscal discipline and economic resilience during the International Monetary Fund (IMF) and World Bank annual meetings in Bangkok this week, as governments confront...

Oil Prices Rise as Houthi Attacks Threaten Middle East Supply

Oil prices climbed on Monday as escalating Middle East tensions, renewed Houthi attacks on Saudi Arabia, and tanker incidents near the Strait of Hormuz heightened concerns over global crude supply disruptions. Brent crude...

Bank of America Predicts Yen Rebound as USD/JPY Faces Risks

The Japanese yens prolonged depreciation has been driven entirely by offshore trading activity since 2025, according to Bank of America (BofA), highlighting a significant shift in global foreign exchange market dynamics....

Deutsche Bank CEO Urges Faster German Economic Reforms

Deutsche Bank CEO Christian Sewing has urged the German government to accelerate economic reforms, warning that slow implementation and political compromises could weaken Germanys competitiveness and long-term growth...

Trump Calls for Zelenskyy Replacement Amid Russian Diesel Deal

US President Donald Trump has called for Ukraine to replace President Volodymyr Zelenskyy, deepening tensions between Washington and Kyiv over a controversial agreement allowing Russian diesel exports to global markets....

Politics

Russian Strikes Kill Six in Ukraine, Including Three in Kharkiv

Russian attacks on Ukraine killed at least six people on Sunday, including three civilians in a deadly strike on a grocery store in Kharkiv, the countrys second-largest city. The latest violence also left dozens injured,...

Trump Announces Russia-Ukraine Energy Ceasefire Amid U.S. Pressure on Kyiv

U.S. President Donald Trump announced Sunday that Russia and Ukraine had agreed to an immediate energy ceasefire, potentially ending attacks on oil refineries, power facilities, and other critical energy infrastructure as...

Houthis Warn Saudi Airports After Deadly Riyadh Attack

Yemens Iran-backed Houthis have warned airlines, passengers and airport employees to avoid Saudi Arabian airports and airspace following a deadly attack on Riyadhs King Khalid International Airport that killed 12 people...

Yandex Data Center Hit by Drone Strike as Russia-Ukraine Cyber Infrastructure Attacks Escalate

Russian technology giant Yandex has suspended operations at a major data center in the Vladimir region following a drone strike, marking the third attack on its server infrastructure within four days as the Russia-Ukraine...

Zelenskiy Offers Russia Energy Truce Amid Trump Pressure

Ukrainian President Volodymyr Zelenskiy said Sunday that Ukraine is prepared to suspend attacks on Russian oil refineries if Moscow agrees to stop targeting Ukrainian energy infrastructure, rejecting US President Donald...

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

Moonshot AI Executives Seek Settlement Ahead of Hong Kong IPO

Executives at Chinese artificial intelligence startup Moonshot AI are reportedly negotiating a settlement with Recurrent.ai over allegations of misconduct, as the company prepares for its planned Hong Kong initial public...

Amazon in Talks to Acquire AI Startup Decart for $7 Billion

Amazon is reportedly negotiating a potential $7 billion acquisition of artificial intelligence startup Decart, signaling the technology giants growing ambitions in generative AI, real-time video processing, and advanced...

Apple Supplier Luxshare Sees Limited Impact From US Patent Probe

Chinese electronics manufacturer Luxshare Precision Industry expects minimal disruption to its business from a US patent infringement investigation involving power supply technology used in data centres. In a stock...

Elon Musk Eyes Semiconductor Manufacturing Expansion With $15 Billion Terrafab Project

Elon Musk believes his companies could eventually outperform established semiconductor manufacturers by developing more efficient chip production methods, although he cautioned that achieving this ambition could take...

Robinhood Chain Eyes Priority Gas Auctions for Faster Trades

Robinhood Chain, the Ethereum Layer-2 blockchain designed for tokenized real-world assets (RWAs), is reportedly considering a new transaction-ordering system that would allow traders to pay additional fees for faster trade...
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