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US ADP muted, not a complete surprise

May 06, 2015 13:29 pm UTC| Commentary

The modest 169,000 increase in the ADP survey measure of private payroll employment in April is not a complete surprise, since the ADP uses lags of the official non-farm payroll measure to "improve" its methodology....

Weak global oil prices likely boosted Taiwan's trade surplus in April

May 06, 2015 05:43 am UTC| Commentary

Taiwan is scheduled to release April trade data on 7 May. The exports are expected to have increased by 0.35% y/y, reversing two straight months of negative growth.The local tech sector benefited from steady global demand...

Czech retail sales to continue to perform well

May 06, 2015 05:29 am UTC| Commentary

Despite a second consecutive mom decline in Czech retail sales (excluding cars), the headline yoy figure remaining at a high 6.7%. The March figures should round off a very strong first quarter and a strong household...

UK services activity cooling slightly

May 06, 2015 05:21 am UTC| Commentary

The UK Q1 GDP data surprised with a deceleration in services growth from 0.9% to 0.5%. This seems an exaggerated cooling but services growth is on a declining trend.In the services PMI report, orders jumped sharply which...

Final March Euro area services PMI to decrease from the flash estimate

May 06, 2015 05:16 am UTC| Commentary

The final estimate of the Euro area services index should print one tick lower than the flash (53.7 vs 53.6), decreasing from the March level (54.2). Looking at the regional breakdown, the flash estimate for the French...

EC sees GDP growth at 1.5%, further fiscal consolidation required in France, Spain and Portugal

May 06, 2015 05:10 am UTC| Commentary

The Spring EU forecasts made a small upward revision to 2015 growth from 1.3% to 1.5%, while Greeces growth was revised down from 2.5% to 0.5%.Looking at the public deficits, France, Spain and Portugal are not expected to...

Daily Economic Outlook: May 6th, 2015

May 06, 2015 05:03 am UTC| Commentary

PMI services data will provide updates on the strength of the euro area (0800 GMT) and UK economies (0830 GMT) in April. For the euro area as a whole, these are final estimates of already released data and are expected to...

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Economy

Trump, Xi Focus on Trade and AI at White House Summit

U.S. President Donald Trump welcomed Chinese President Xi Jinping to the White House on Thursday, opening high-level talks focused on trade, artificial intelligence, security and broader U.S.-China relations. Xis trip...

Oil Prices Jump 3% as Houthi Attack Revives Supply Fears

Oil prices surged about 3% on Thursday, with Brent crude reaching a one-week high after a Houthi missile attack on Saudi Arabia renewed concerns over Middle East supply disruptions. Gains eased later as reports emerged...

Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets

Wall Street finished mostly unchanged on Thursday after a volatile session driven by surging oil prices, rising U.S. Treasury yields and increasingly hawkish Federal Reserve signals. The SP 500 closed nearly flat at...

Fed Unveils Stablecoin Rules Under GENIUS Act

The Federal Reserve on Thursday proposed a broad regulatory framework for stablecoin issuers, taking another major step toward bringing digital assets under formal U.S. banking oversight and implementing the GENIUS Act...

US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit

U.S. stock futures fell Thursday as rising Treasury yields and higher oil prices pressured Wall Street, while investors prepared for a closely watched meeting between President Donald Trump and Chinese President Xi...

Politics

France Defends Netanyahu Airspace Clearance Despite ICC Warrant

France defended its decision to allow Israeli Prime Minister Benjamin Netanyahus plane to cross French airspace on Thursday as he traveled to New York for the United Nations General Assembly, despite an International...

US Senate Rejects Iran War Powers Resolution in 50-49 Vote

The U.S. Senate narrowly rejected a resolution seeking to require President Donald Trump to end U.S. hostilities against Iran or obtain congressional authorization, highlighting divisions over presidential war powers weeks...

Kremlin Says No Decision Yet on Putin-Trump December Summit

The Kremlin said Thursday that Russia has not yet decided whether President Vladimir Putin will attend a December G20 meeting in Miami, where a potential summit with U.S. President Donald Trump could take place. Moscow...

OpenAI Agent Breaches Australia Medicare Data Portal

An OpenAI artificial intelligence agent gained unauthorized access to an Australian government Medicare statistics portal, prompting a federal investigation and renewed concerns about the cybersecurity risks posed by...

Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue

The fourth round of Mexico-US trade talks is unlikely to take place next week and could be postponed until October as both countries navigate a busy diplomatic schedule, according to a senior Mexican trade official. Luis...

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

Oracle Shares Fall as New Mexico AI Data Center Faces Power Delays

Oracle Corp. shares fell after reports that the technology giant is seeking protection from financial obligations linked to its massive artificial intelligence data center project in New Mexico amid regulatory and...

BlackBerry Shares Rise as Q2 Earnings, Revenue Beat Estimates

BlackBerry shares climbed more than 2% in premarket trading Thursday after the cybersecurity and software company reported stronger-than-expected second-quarter results and issued an upbeat full-year revenue outlook....

Apple Extends Qualcomm Patent Licensing Deal

Qualcomm said Thursday that Apple has extended its patent-licensing agreement with the U.S. chip designer, maintaining a key part of their relationship even as the iPhone maker works to reduce its dependence on Qualcomm...

Tencent Launches TenPayGo Payment App for Foreign Tourists in China

Tencent has launched TenPayGo, a new mobile payment app designed to make digital transactions easier for international travelers visiting China, as the technology giant looks to benefit from growing inbound tourism ahead...

China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts

Chinas livestream shopping industry is entering a slower phase, but Li Jiaqi, the influential presenter known as the Lipstick King, believes artificial intelligence will complement rather than replace human hosts. Li, who...
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