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Europe Roundup: Euro dips against dollar, European shares flat, Gold slips, Oil rises on Saudi plan to deepen output cuts from July

Jun 05, 2023 12:29 pm UTC| Market Roundups

Market Roundup German Apr Trade Balance 18.4B,16.0B forecast,16.7B previous German Apr Imports (MoM) -1.7%,-1.0% forecast,-6.4% previous German Apr Exports (MoM) 1.2%,-2.5% forecast,-5.2% previous Swiss May...

America’s Roundup: Dollar gains after strong jobs data, Wall Street ends up, Gold slips,Oil up over 2% after US debt deal and jobs data, focus turns to OPEC+

Jun 03, 2023 00:42 am UTC| Market Roundups Economy

Market Roundup Brent and WTI on track for first weekly decline in three weeks U.S. employers boost hiring in May; unemployment rate up to 3.7% U.S. drillers cut oil rigs by most since Sept 2021 -Baker Hughes US...

Europe Roundup: Pound heads for biggest weekly gain in six months, European shares gains, Gold gains, Oil prices rise after U.S. debt deal, all eyes on OPEC meeting

Jun 02, 2023 12:26 pm UTC| Market Roundups Economy

Market Roundup French Apr Industrial Production (MoM) 0.8%, 0.3% forecast, -1.1% previous Spanish Unemployment Change -49.3K , -40.1K forecast,-73.9K previous German Car Registration (YoY) 42.50%,...

America’s Roundup: Dollar stumbles as signs point to Fed skipping June rate hike,Wall Street rises,Gold climbs, Oil rises 3% on US debt ceiling progress, traders on alert for OPEC+ meeting-June 2nd,2023

Jun 02, 2023 02:00 am UTC| Market Roundups

Market Roundup US Unit Labor Costs (QoQ) (Q1) 4.2%, 6.3% forecast,3.2% previous US Nonfarm Productivity (QoQ) (Q1) -2.1%,-2.7% forecast,1.7% previous US Initial Jobless Claims 235K forecast ,229K previous US...

Europe Roundup: Euro steadies near two-month low as inflation drops in relief for ECB , European stocks rebound from two-month lows , Gold subdued , Oil steadies as higher inventories balance U.S debt bill progress-May 1st,2023

Jun 01, 2023 12:21 pm UTC| Market Roundups

Market Roundup UK May Nationwide HPI (MoM)-0.1%, -0.5% forecast, 0.5% previous UK May Nationwide HPI (YoY) -3.4%, -2.7% previous UK May Sweden Manufacturing PMI 40.6, 46.3 forecast, 45.5 previous Italian May...

America’s Roundup: Dollar backs off highs after Fed officials suggest skipping June rate hike, Wall Street falls, Gold firms, Oil settles lower on weak China data, stronger US dollar-June 1st,2023

May 31, 2023 23:44 pm UTC| Market Roundups

Market Roundup Canada GDP (QoQ) (Q1) 0.8% ,0.4% forecast,0.0% previous Canada GDP Implicit Price (QoQ) (Q1) 0.20% , 1.80% forecast, -0.70% previous Canada GDP (YoY) (Q1) 2.21% ,2.80% forecast, 2.07%...

Europe Roundup: Sterling falls against dollar, European shares hit two-month, Gold steadies, Oil falls on weak China data, stronger U.S. dollar

May 31, 2023 12:54 pm UTC| Market Roundups Economy

Market Roundup German May CPI (YoY) 5.7%, 6.8% forecast, 6.9% previous German Apr Import Price Index (YoY) -7.0%, 5.9% forecast, -3.8% previous German Apr Import Price Index (MoM) -1.7%, -0.9% forecast, -1.1%...

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Economy

China Home Prices Fall Again in June Despite Slower Pace of Decline

Chinas new home prices continued to decline in June, highlighting the ongoing challenges facing the countrys property market despite signs that the pace of deterioration is easing. Official data released by the National...

US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions

U.S. consumer inflation likely eased in June, but economists say the slowdown may provide little relief for households or significantly reduce the likelihood of another Federal Reserve interest rate hike later this year,...

South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index

South Koreas KOSPI has entered a bear market after falling about 25% from its record high reached in late June, highlighting the sharp reversal of one of the worlds strongest equity rallies. Despite the decline, the...

Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data

The Japanese yen held steady on Tuesday as investors remained alert to the possibility of currency intervention from Tokyo, while most Asian currencies traded in narrow ranges ahead of closely watched U.S. inflation data...

China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts

Chinas exports and imports grew far more than expected in June, highlighting the resilience of the countrys trade sector as strong global demand for artificial intelligence (AI)-related products and technology goods helped...

Politics

Trump Administration Launches AI Cybersecurity Partnership to Protect Critical Infrastructure

The Trump administration is launching a new initiative to strengthen U.S. cybersecurity by bringing together leading artificial intelligence developers and operators of critical infrastructure to identify and address...

Trump Administration Bars U.S. Travelers From Congo Flights Amid Ebola Outbreak

The Trump administration has imposed new travel restrictions on American citizens who have recently been in the Democratic Republic of Congo (DRC), preventing them from boarding commercial flights to the United States as...

Trump to Deliver National Address on 2020 Election Intelligence, Voting Machine Security

President Donald Trump is set to deliver a national address on Thursday night, outlining newly declassified intelligence related to the 2020 U.S. presidential election and discussing what the White House describes as...

Trump Says U.S. Strikes on Iran Will Continue Until Nuclear Deal Is Reached

U.S. President Donald Trump said Tuesday that the United States remains in direct contact with Iranian officials but warned that military operations against Iran will continue until Tehran agrees to a new deal, signaling...

Trump Administration Bars U.S. Travelers From Congo Flights Amid Ebola Outbreak

The Trump administration has imposed new travel restrictions on American citizens in the Democratic Republic of Congo (DRC) as the country faces a worsening Ebola outbreak, according to a White House official. Under 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

Arm Stock Falls After HSBC Downgrade, Citing Limited Near-Term AI Upside

Arm Holdings shares came under pressure after HSBC downgraded the semiconductor designer to hold from buy,arguing that the companys recent rally has already priced in much of its long-term artificial intelligence (AI)...

SK Hynix Stock Soars as AI Memory Demand Outlook Fuels Chip Rally

SK Hynix shares surged nearly 13% in Seoul on Wednesday, leading a broad rally in South Korean semiconductor stocks as easing U.S. inflation and renewed optimism over artificial intelligence (AI) memory demand boosted...

Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand

Yaskawa Electric Corp. (TYO:6506) shares extended losses for a second consecutive session on Tuesday after the Japanese robotics and factory automation company reported weaker-than-expected quarterly earnings, with...

Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion

Australias online safety regulator has warned that major technology companies, including Apple, Meta, Google, Microsoft and Snap, still have significant shortcomings in tackling child sexual abuse and the rising threat of...

SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan

SoftBank Corp (TYO:9434) announced on Tuesday a strategic partnership with AI startup Sierra to expand artificial intelligence-powered customer support services across its operations in Japan, marking another step in the...
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