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Australian bonds slide post reading higher-than-expected Q1 GDP

Jun 07, 2017 04:30 am UTC| Commentary Economy

The Australian bonds slid Wednesday after reading a higher-than-expected gross domestic product for the first quarter of this year, released earlier today. The yield on the benchmark 10-year Treasury note, which moves...

CBRT expects inflation to decelerate to 8.5 pct by end-2017 and to 6.4 pct by 2018

Jun 06, 2017 20:09 pm UTC| Commentary Economy

Turkish inflation decelerated in May. Pass-through from the TRY sell-off explains the bulk of the inflation rise since November and the Turkish lira is also the wild card for the inflation outlook, noted Nordea Bank....

U.S. Treasuries jump in muted trading session as investors await initial jobless claims

Jun 06, 2017 11:02 am UTC| Commentary Economy

The U.S. Treasuries jumped amid a muted trading session that witnessed data of little economic significance and ahead of the countrys initial jobless claims, scheduled to be released on June 8. The yield on the...

RBA downplays likely softness in Q1 GDP, unlikely to move rates anytime soon

Jun 06, 2017 10:58 am UTC| Insights & Views Economy Central Banks

The Reserve Bank of Australia (RBA) left the cash rate unchanged at 1.50 percent at its board meeting today as widely expected by the markets. The central bank has ignored accumulating evidence of a likely softness in Q1...

UK gilts continue to slump on looming uncertainties over upcoming snap election

Jun 06, 2017 10:10 am UTC| Commentary Economy

The UK gilts slumped Tuesday as the upcoming snap election in the country, scheduled for June 8 as was declared by Prime Minister Theresa May has added uncertainties and clouded the outlook for the money market. The...

Eurozone periphery bonds jump post fall in April retail sales; German 10-year equivalent at 6-week high

Jun 06, 2017 09:32 am UTC| Commentary Economy

The Eurozone periphery bonds jumped Tuesday, after reading weaker-than-expected retail sales for the month of April and ahead of the zones first-quarter gross domestic product (GDP), scheduled to be released on June 7....

Australia Q1 GDP likely to have risen 0.3 pct q/q, says ANZ Research

Jun 06, 2017 08:18 am UTC| Commentary Economy

Australias first-quarter gross domestic product (GDP) is expected to have risen 0.3 percent q/q. This continues the saw-tooth pattern evident in GDP over the past year or so and would see annual growth dip to 1.6 percent...

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Economy

U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets

U.S. stock index futures edged slightly lower Thursday evening as investors exercised caution ahead of high-stakes ceasefire negotiations between Washington and Tehran, while bracing for a closely watched inflation report....

Trump Slams Iran Over Strait of Hormuz Oil Restrictions Amid Fragile Ceasefire

President Donald Trump publicly criticized Iran on Thursday over its handling of oil shipments through the Strait of Hormuz, escalating tensions just days after a tentative ceasefire agreement between Washington and...

Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Talks

Oil prices climbed during Asian trading on Friday, building on Thursdays modest recovery, as markets remained on edge over ongoing supply disruptions in the Middle East and closely watched diplomatic developments ahead of...

Gold Prices Rise on Weaker Dollar and Ceasefire Hopes

Gold prices edged higher on Thursday, supported by a softer U.S. dollar and improving geopolitical sentiment after Israel announced plans to open direct negotiations with Lebanon. The development offered a measure of...

China's Inflation Data Misses Forecasts as Consumer Prices Slow in March

Chinas latest inflation figures came in below market expectations in March, highlighting the ongoing disinflationary challenges facing the worlds second-largest economy. According to official data released Friday, the...

Politics

DOJ Launches Antitrust Investigation Into the NFL Over Broadcast Restrictions

The U.S. Department of Justice has opened an investigation into the National Football League over potential anticompetitive practices that may be harming consumers, according to a source familiar with the matter. The probe...

Cuba Seeks Dialogue With Trump Administration, Diaz-Canel Says

Cuban President Miguel Diaz-Canel has reached out to the Trump administration, expressing his governments willingness to engage in diplomatic talks but only on equal terms. In an exclusive interview with NBC News anchor...

Trump and Starmer Unite to Restore Strait of Hormuz Shipping After U.S.-Iran Ceasefire

British Prime Minister Keir Starmer held a significant phone call with U.S. President Donald Trump on Thursday, focusing on the urgent need to restore commercial shipping through the Strait of Hormuz following a recently...

U.S. Warns Citizens Against Travel to Nigeria Amid Escalating Security Threats

The United States government has urged its citizens to reconsider traveling to Nigeria while authorizing non-emergency embassy staff and their families to leave Abuja, pointing to deteriorating security conditions across...

Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs

U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent closed-door meeting with the chief executives of Americas largest banks this week, warning them about serious cybersecurity...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth

Bank of America has spotlighted a select group of Asia-Pacific semiconductor companies well-positioned to ride the wave of surging artificial intelligence chip demand, with Taiwan Semiconductor Manufacturing Company...

China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs

Chinese artificial intelligence stocks continued their remarkable rally on Thursday, with Zhipu AI and MiniMax Group posting strong gains in Hong Kong trading as a wave of new model launches and product announcements...

Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts

Bendigo and Adelaide Bank delivered an impressive financial performance in its third quarter, reporting a 12.8% surge in cash earnings to A$137.9 million for the three months ending March 31. The result came in roughly 12%...

Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...

Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles

A federal appeals court in Washington, D.C., has refused to halt the Pentagons national security blacklisting of AI company Anthropic, delivering a temporary win for the Trump administration. The ruling comes as another...
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