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FxWirePro: The Day Ahead- 22nd August 2017

Aug 22, 2017 02:51 am UTC| Commentary Economy

Few economic data and events scheduled for today and all with low to medium volatility risks associated. Upcoming: Switzerland: July trade balance report will be released at 6:00 GMT. United Kingdom: Public...

Japan’s consumer price inflation likely to have remained unchanged at 0.4 pct in July – Wells Fargo

Aug 21, 2017 22:51 pm UTC| Commentary

Following the solid Japanese economic growth for the second quarter recorded last week, the upcoming consumer price inflation figure for July is expected to carry slight more weight than normal in a nation that has had its...

Euro area manufacturing PMI index likely to have dropped slightly in August

Aug 21, 2017 22:40 pm UTC| Commentary

The July Markit manufacturing PMI index contributed to the view that the German and the euro area economies were decelerating. The PMI index hit a high of 59.6 for Germany and 57.4 for the euro area in June. But both...

Norwegian economy likely to have expanded 0.7 pct in Q2, oil investments to have dropped

Aug 21, 2017 22:26 pm UTC| Commentary

The Norwegian economic growth data for the second quarter is set to be released this week. According to a DNB research report, the mainland GDP is expected to grow 0.7 percent in the second quarter, 0.1 percentage point...

German ZEW economic sentiment index likely to have dropped slightly in August

Aug 21, 2017 21:57 pm UTC| Commentary

The German ZEW index for the month of August is set to be released in this week and the recent market uneasiness about a possible deceleration in the German economy might possibly put the index to test, noted Wells Fargo...

Taiwanese government upgrades economic growth projection for 2017 to 2.05 pct

Aug 21, 2017 21:10 pm UTC| Commentary Economy

The Taiwanese government upgraded this years projection from 2.05 percent to 2.11 percent during the review last week. The government published its projection for next year for the first time. The economy is likely to grow...

U.S. durable goods orders likely to have dropped in July

Aug 21, 2017 20:29 pm UTC| Commentary

The U.S. durable goods orders had risen in June. The headline reading was tilted to the upside by the notoriously volatile aircraft component, which increased the monthly gain to 6.4 percent in June. Boeing orders dropped...

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Economy

Gold Prices Fall as US-Iran Conflict, Rising Oil Prices Fuel Fed Rate Concerns

Gold prices extended their decline on Monday as escalating tensions between the United States and Iran pushed oil prices higher, raising fears of renewed inflation and reducing demand for the safe-haven metal. Investors...

Dollar Rises as Middle East Conflict Fuels Inflation and Rate Hike Fears

The U.S. dollar strengthened against most major currencies on Monday as renewed conflict in the Middle East heightened inflation concerns and increased expectations that central banks, including the Federal Reserve, could...

Asia Stocks Slip as Iran-Hormuz Tensions Lift Oil Prices, Dollar and Bond Yields

Asian stock markets opened lower on Monday as escalating conflict in the Gulf and Irans claim that it had closed the Strait of Hormuz fueled concerns over global energy supplies, pushing oil prices sharply higher and...

EU Weighs New Trade Restrictions on Israeli West Bank Settlements

European Union foreign ministers are set to discuss potential new trade restrictions targeting Israeli settlements in the occupied West Bank during a meeting on Monday, as support grows among some member states for...

US-Iran Strikes Escalate as Strait of Hormuz Crisis Pushes Oil Prices Higher

The conflict between the United States and Iran intensified over the weekend as both sides exchanged heavy missile and drone attacks, raising fears of a prolonged regional crisis and renewed disruption to global energy...

Politics

Western Allies Push for More Air Defenses for Ukraine at Paris Summit

Western leaders are set to seek additional air defense commitments for Ukraine during a high-level meeting in Paris on Monday, as Kyiv faces growing challenges intercepting Russian ballistic missile attacks despite recent...

Zelenskiy Plans Ukraine Government Shake-Up as Prime Minister Svyrydenko Set to Step Down

Ukrainian President Volodymyr Zelenskiy announced plans to replace Prime Minister Yulia Svyrydenko after just one year in office, setting the stage for a broader government reshuffle as Kyiv seeks to implement a new...

Minnesota Wildfires Spread as Governor Tim Walz Deploys National Guard

Minnesota Governor Tim Walz has declared a peacetime emergency and activated the state National Guard to help combat fast-growing wildfires burning along the states northern border with Canada. According to Minnesota state...

Israel Sets October 27 Election as Netanyahu Faces Tough Political Test

Israel will hold a national election on October 27, marking the countrys first parliamentary vote since the Hamas attack on October 7, 2023, and the subsequent conflicts involving Gaza, Lebanon, and Iran. The election date...

Israeli Strikes Kill Six in Gaza as Ceasefire Talks Continue in Cairo

Israeli attacks across the Gaza Strip killed at least six Palestinians on Sunday, including a 9-year-old girl, as mediators continued negotiations aimed at preserving the U.S.-brokered Israel-Hamas ceasefire and advancing...

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

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....

Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft

Apple has filed a lawsuit against OpenAI and two former Apple employees, accusing them of misappropriating confidential company information and trade secrets tied to its hardware development efforts. The lawsuit, filed...

SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO

SK Hynix made a strong debut on the Nasdaq on Friday, with its American Depositary Receipt (ADR) shares closing 12.8% higher at $168.01 after completing a record-breaking $26.5 billion U.S. initial public offering (IPO),...

Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI

Elon Musk has publicly praised artificial intelligence startup Anthropic, saying the company is obviously the current leader in AI, in a rare acknowledgment of a key rival as competition among top AI developers...