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Europe Round Up: USD still bid, BOE on hold - May 11th, 2015

May 11, 2015 11:05 am UTC| Market Roundups

Market Roundup Dollar better bid, DXY 3rd day of gains, tech resistance at 95.056/95.255. USD/JPY holding above its daily cloud but below Fridays 120.24 high. Europe concerned over Greeces ability to pay IMF...

Asia Round Up: Aussie ignores China’s rate cut decision to start week lower – May 11th, 2015

May 11, 2015 05:26 am UTC| Market Roundups

Market Roundup China cuts benchmark lending - depo rates 25 bps to 5.1%, 2.25% to boost economy, economy still faces big downward pressure. China April CPI +1.5% y/y, PPI -4.6%, +1.6%, -4.4% eyed, March +1.4%,...

Americas Roundup: - Pound soared across the board post election results - 11 May, 2015

May 08, 2015 19:54 pm UTC| Market Roundups

Market Roundup US Non-Farm Payrolls Apr +223k, (consensus 224k, previous +85k) US Unemployment Rate Apr 5.4%, (consensus 5.4%, previous 5.50%) US Average Earnings MM Apr 0.1%, (consensus 0.2%, previous 0.20%) Canada...

Europe Round Up: UK conservatives sweep back in to power; US NFP in Focus– May 8 th, 2015

May 08, 2015 11:13 am UTC| Market Roundups

Market Roundup GBP soars on UK election outcome. GBP/USD 2+ mth high at 1.5523. EUR/GBP hit lows of 0.7225, lowest since Apr 30. Conservatives set for majority suggest exit polls. UK Labour leader Ed Miliband...

Asia Round Up: GBPUSD Rallies after early UK Election Poll– May 8 th, 2015

May 08, 2015 05:34 am UTC| Market Roundups

Market Roundup China April trade surplus $34.13 bln, exports -6.4% y/y, imports -16.2%, 39.45 bln, +2.4% and -12.0% eyed. UKs Cameron on track to return to power as PM, Tories 316/650 seats, Labour 239, SNP 58,...

Americas Roundup: Nothing tangible from Greece today, focus on UK election results and US Payrolls Friday - 8 May, 2015

May 07, 2015 19:42 pm UTC| Market Roundups

Market Roundup US Challenger Layoffs Apr 61.582k, (previous 36.594k) US Initial Jobless Claims w/e 265k, (consensus 280k, previous 262k) US Jobless Claims 4-Wk Avg w/e 279.50k, (previous 283.75k), lowest in...

Europe Round Up: CHF gains 0.8 PCT high of 1.0305 francs per Euro, US Jobs in forefront – May 7 th, 2015

May 07, 2015 11:15 am UTC| Market Roundups

Market Roundup Malaysias Central Bank: keeps overnight policy rate at 3.25 pct. Swiss franc gains 0.8 pct to hit two-week high of 1.0305 francs per euro. Risk off sees JPY and CHF rally, USD/JPY threatens 119.00. ...

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Economy

Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks

Australias business conditions remained stable in June as easing cost pressures and improved sentiment followed a U.S.-Iran peace agreement that temporarily reduced global energy concerns, according to the latest National...

Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow

Gold prices were little changed on Tuesday as investors balanced escalating tensions in the Middle East against growing expectations that the Federal Reserve could keep interest rates higher for longer. Traders also...

Oil Prices Surge as U.S.-Iran Conflict Escalates and Strait of Hormuz Risks Grow

Oil prices extended their strong rally in Asian trading on Tuesday after recording their biggest one-day gains in months, as escalating tensions between the United States and Iran heightened concerns over global crude...

Dollar Holds Steady Ahead of U.S. CPI as Oil Surge, Middle East Tensions Keep Markets on Edge

The U.S. dollar traded little changed on Tuesday as investors awaited key U.S. inflation data that could shape the Federal Reserves next interest rate decision, while rising geopolitical tensions in the Middle East...

Australia Consumer Sentiment Rises in July as Fuel Price Relief Lifts Confidence

Australias consumer sentiment improved in July as lower fuel prices and easing concerns over further interest rate hikes provided households with some relief, although confidence remained firmly in pessimistic territory....

Politics

Iranian Missile Strike on UAE Oil Tankers Kills Indian Crew Member in Strait of Hormuz

An Indian crew member was killed and eight others were injured after two United Arab Emirates oil tankers were struck by Iranian cruise missiles in the Strait of Hormuz on Tuesday, marking another major escalation in the...

Trump Recommends Darline Graham for Interim South Carolina Senate Seat

U.S. President Donald Trump announced Monday that he has recommended Darline Graham, the sister of the late Senator Lindsey Graham, to serve as South Carolinas interim U.S. senator, urging Governor Henry McMaster to...

Brazil Court Bars Flavio Bolsonaro From Visiting Jair Bolsonaro Ahead of Election

Brazils political landscape took another dramatic turn after Supreme Court Justice Alexandre de Moraes barred Senator Flavio Bolsonaro from visiting his father, former President Jair Bolsonaro, for 90 days, citing a...

Trump to Deliver National Address on Declassified 2020 Election Intelligence

President Donald Trump is set to deliver a televised national address on Thursday night focused on newly declassified intelligence concerning investigations into the 2020 U.S. election and what the White House describes as...

Russia Launches Missile and Drone Attacks on Kyiv, Zaporizhzhia, and Kharkiv

Russian forces launched a fresh wave of missile and drone attacks across Ukraine early Tuesday, targeting Kyiv and several other major cities as the conflict continued to intensify. Air raid sirens sounded across the...

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

EU to Propose New Rules Limiting Children's Access to Social Media

The European Commission is preparing to introduce new rules aimed at limiting childrens access to social media platforms, with a formal proposal expected after the summer break, European Commission President Ursula von der...

TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings

Taiwan Semiconductor Manufacturing Co. (TSMC), the worlds largest contract chipmaker, posted strong second-quarter revenue growth as robust demand for artificial intelligence (AI) chips continued to drive business across...

Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub

Samsung Electronics is set to begin operations at its first semiconductor fabrication plant in the Yongin chip cluster in 2029, marking a faster-than-expected rollout of one of South Koreas most significant chip...

Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX

Morgan Stanley believes Chinas rapidly advancing reusable rocket program represents the biggest long-term competitive threat to SpaceX, following the countrys first successful recovery of an orbital-class rocket booster....

SK Hynix Shares Drop After Strong Nasdaq Debut Despite $26 Billion ADR Listing

SK Hynix shares fell as much as 4.4% in early trading on Monday, even after the South Korean memory chip giant posted a strong debut on the Nasdaq following one of the largest U.S. listings by an Asian technology company....
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