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Australian bonds rally tracking strong global debt market; investors await next week’s RBA policy meeting

Apr 28, 2017 05:22 am UTC| Commentary Economy

The Australian government bonds rallied on the last trading day of the week, tracking firmness in the global debt market. Also, investors are eyeing the Reserve Bank of Australias (RBA) monetary policy meeting, scheduled...

FxWirePro: The Day Ahead- 28th April 2017

Apr 28, 2017 05:18 am UTC| Commentary Economy Central Banks

Lots of economic dockets and events scheduled for today and some with high volatility risks associated. Data released so far: Australia: Producer price inflation grew by 1.3 percent in the first quarter from a...

GfK’s consumer confidence index for U.K. drops in April

Apr 27, 2017 23:28 pm UTC| Commentary

GfKs consumer sentiment index for the U.K. fell one point in April to -7 from Marchs -6. This is in line with consensus forecast. Out of five measures, four measures dropped. Only the major purchase index showed an...

New Zealand building consents reach record NZD 2 billion in March

Apr 27, 2017 23:19 pm UTC| Commentary

Building consents in New Zealand grew strongly on a year-on-year basis in March. According to Statistics New Zealand, building consents were up 37 percent, reaching a record NZD 2 billion in March 2017. The surge in...

New Zealand exports grow strongly in March

Apr 27, 2017 23:09 pm UTC| Commentary

New Zealands exports rose in the month of March. It grew NZD 446 million or 11 percent year-on-year to NZD 4.6 billion, showed data from Statistics New Zealand. The countrys dairy and lamb exports to China mainly boosted...

U.S. Fed to stand pat in May, likely to hike in June and September – Barclays

Apr 27, 2017 22:49 pm UTC| Commentary

The FOMC, during its meeting in May, is likely to keep the policy on hold, noted Barclays in a research report. The U.S. Feds main challenge might be to acknowledge the weakness in incoming data while continuing to hint...

Euro area inflation likely rose to 1.8 pct in April, ECB’s exit from current loose monetary policy to be gradual

Apr 27, 2017 22:33 pm UTC| Commentary

As widely expected, the European Central Bank kept its monetary policy on hold on Thursday. Moreover, the central banks forward guidance The Governing Council continues to expect the key ECB interest rates to remain at...

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Economy

Gordie Howe Bridge to Open July 27 After U.S.-Canada Reach Toll Revenue Agreement

The long-awaited Gordie Howe International Bridge connecting Detroit, Michigan, and Windsor, Ontario, is set to officially open on July 27 after the United States and Canada reached a new agreement over toll revenue,...

Fed Reaffirms 2% Inflation Goal, Vows Forceful Action to Anchor Price Expectations

The Federal Reserve reaffirmed its commitment to restoring price stability, saying it is prepared to act forcefully if necessary to keep longer-term inflation expectations anchored around its 2% target. The pledge came in...

Dollar Ends Week Higher as Yen Jumps on Japan Pension Fund Investment Plans

The U.S. dollar traded within a narrow range on Friday and was on track for a modest weekly gain as investors weighed evolving inflation expectations, Federal Reserve policy signals, and renewed geopolitical tensions in...

Wall Street Rises as SK Hynix’s Record Nasdaq Debut Steals Spotlight Ahead of U.S. CPI Data

Wall Street ended higher on Friday, led by the blockbuster Nasdaq debut of South Korean memory chip giant SK Hynix, while investors largely shrugged off renewed U.S.-Iran tensions and shifted their attention to next weeks...

Gold Prices Set for Weekly Loss as Iran Tensions and Fed Rate Outlook Weigh

Gold prices declined on Friday and were headed for a weekly loss as escalating tensions between the United States and Iran, along with higher oil prices, fueled concerns that inflation could remain elevated and keep the...

Politics

Lindsey Graham Urges China to Pressure Russia Into Ukraine Peace Talks

U.S. Senator Lindsey Graham said China could play the most influential role in pushing Russia toward peace negotiations, arguing that Beijings leverage over Moscow may be key to ending the war in Ukraine. Speaking in Kyiv...

Trump Election Commission Firings Follow White House Push for Voting System Changes

The White House spent months exploring ways to bypass the U.S. Election Assistance Commission (EAC) and use emergency powers to accelerate changes to voting systems before President Donald Trump dismissed the agencys...

Trump Administration Doubts Iran Nuclear Deal as Strait of Hormuz Tensions Persist

The Trump administration is growing increasingly skeptical about the prospects of reaching a long-term nuclear agreement with Iran, as U.S. officials push Tehran to prove it is honoring a temporary peace arrangement before...

ASEAN to Hold Landmark Myanmar Talks as Bloc Seeks Progress on Civil War

The Association of Southeast Asian Nations (ASEAN) will hold an informal meeting with Myanmars foreign minister on Sunday to discuss the countrys ongoing civil war and its future engagement with the regional bloc, marking...

NATO Leaders Receive Engraved Turkish Revolvers as Unusual Summit Gifts

Turkish President Recep Tayyip Erdogan surprised NATO leaders with an unusual diplomatic gift after the alliances summit in Ankara, presenting each visiting leader with an engraved vintage Turkish revolver complete with...

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

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...

OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO

OpenAIs head of products and business, Fidji Simo, announced on Thursday that she will step down from her leadership role and transition to a part-time advisory position after experiencing complications from a chronic...

Samsung Chairman Lee Jae-yong Expected to Meet Nvidia CEO Jensen Huang on AI and Chip Partnership

Samsung Electronics Chairman Lee Jae-yong is expected to meet Nvidia CEO Jensen Huang in the United States by the end of July as the two technology giants explore deeper cooperation in semiconductor manufacturing and...