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U.S. advance goods trade deficit widens in October on rise in imports and fall in exports

Nov 28, 2018 16:18 pm UTC| Commentary

The U.S. advance goods trade deficit widens in October. The goods trade deficit widened to USD 77.2 billion from USD 76.3 billion a month earlier, driven by a rise in imports and a decline in exports. The consensus...

U.S. economy expands 3.5 pct in Q3 2018, growth likely to slow down slightly in Q4

Nov 28, 2018 15:48 pm UTC| Commentary

The U.S. economy expanded at an annualized pace of 3.5 percent in the third quarter, showed the BEAs second estimate. This is in line with the advanced estimate and market expectations. Beneath the headline, a slight...

Swedish economic confidence indicator softens further in November

Nov 28, 2018 13:55 pm UTC| Commentary

Swedish economic confidence weakened further in November. The domestic economy is indicating softness. The overall Economic Sentiment Indicator fell to 106.7 from Octobers 107.6. The indicator is still at a decent level...

Swedish retail sales fall sequentially in October, underlying trend remains weak

Nov 28, 2018 13:22 pm UTC| Commentary

Swedish retail sales eased in the month of October. On a sequential basis, retail sales fell 1.1 percent, whereas it dropped 0.1 percent on a year-on-year. The October print is well below expectations. The figures seem...

Commodities snapshot (precious & industrial)

Nov 28, 2018 13:17 pm UTC| Commentary

The metal pack is down today. A performance this week at a glance in the chart table - Gold: Gold is struggling amid stronger USD. Todays range $1212-1215 Gold is currently trading at $1213/troy ounce....

Commodities snapshot (energy)

Nov 28, 2018 13:13 pm UTC| Commentary

Energy pack is mixed in todays trading. Weekly performance at a glance in chart table, Oil (WTI) Oil price is struggling at the key $50 area. Todays range - $51.3- $52.6 WTI is currently trading at...

Currency snapshot (commodity pairs)

Nov 28, 2018 13:02 pm UTC| Commentary

Dollar index trading at 97.40 (+0.09%) Strength meter (today so far) Aussie +0.13%, Kiwi -0.02%, Loonie -0.15% Strength meter (since last week) Aussie +0.11%, Kiwi +0.27%, Loonie -0.66% AUD/USD Trading at...

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Economy

US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes

Announced on February 2, 2026, the US-India commerce deal offers Indian exports significant tariff relief. From 25% to 18%, US reciprocal tariffs on Indian goods have been cut; the extra 25% punitive tariff connected with...

India Services Sector Rebounds in January as New Business Gains Momentum: HSBC PMI Shows Growth

Indias dominant services sector showed a strong rebound in January after slipping to an 11-month low in December, supported by a rise in new business activity, according to the latest HSBC India Services Purchasing...

Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election

Most Asian currencies traded within a narrow range on Wednesday as the U.S. dollar steadied following a strong rebound over the past week, while the Japanese yen underperformed amid growing political uncertainty ahead of a...

Australia’s Corporate Regulator Urges Pension Funds to Boost Technology Investment as Industry Grows

Australias corporate regulator has warned the countrys rapidly expanding pension fund industry that it must significantly increase investment in systems, technology, and governance to safeguard its future and avoid...

Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding

New York and New Jersey have filed an emergency lawsuit against the Trump administration, seeking to restore federal funding for the $16 billion Hudson River tunnel project, a critical piece of U.S. transportation...

Politics

Ukraine-Russia Peace Talks in Abu Dhabi Show Cautious Progress Amid Ongoing Fighting

Ukrainian and Russian officials concluded what Kyiv described as a productive first day of new U.S.-brokered peace talks in Abu Dhabi, even as intense fighting continued across Ukraine in Europes largest conflict since...

Trump Intelligence Office Probes Puerto Rico Voting Machines Amid Election Security Concerns

A team working under U.S. Director of National Intelligence Tulsi Gabbard carried out a previously unreported investigation into Puerto Ricos electronic voting machines last spring, according to her office and multiple...

UN Warns of Growing Nuclear Risks as New START Treaty Expires

United Nations Secretary-General Antonio Guterres has issued a stark warning following the expiration of the New START Treaty, calling it a grave moment for international peace and global security. The landmark nuclear...

U.S.–Iran Nuclear Talks Scheduled in Oman as Diplomatic Efforts Resume

The United States and Iran are set to resume diplomatic engagement this Friday as officials from both countries prepare for nuclear talks in Muscat, the capital of Oman. A U.S. official confirmed on Wednesday that the...

Illinois Joins WHO Global Outbreak Network After U.S. Exit, Following California’s Lead

Illinois will join the World Health Organizations Global Outbreak Alert and Response Network (GOARN), marking a significant public health move following the United States official withdrawal from the WHO last month....

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

Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links

Shares of Tencent Holdings (HK:0700) fell sharply on Wednesday after its popular messaging platform WeChat blocked certain promotional links related to YuanBao, the companys artificial intelligence chatbot. The move...

Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies

Nvidia is reportedly nearing a major investment deal with OpenAI, signaling a significant development in the global artificial intelligence landscape. According to sources cited by Reuters, the chipmaking giant is in...

Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate

Artificial intelligence startup Anthropic is reportedly preparing a major secondary share sale that would allow some employees to sell shares at a valuation of at least $350 billion, according to a recent Bloomberg report....

AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock

Advanced Micro Devices (AMD) delivered a solid quarterly earnings beat, topping Wall Street expectations on both revenue and profit, yet its stock slipped in extended trading after the company projected a sequential...

Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns

Nintendo shares fell sharply on Wednesday after the Japanese gaming giant reported weaker-than-expected fiscal third-quarter results, intensifying investor concerns over profitability and margins tied to its highly...
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