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Canadian bonds sag as economic growth recovers in June

Aug 31, 2016 13:06 pm UTC| Commentary

The Canadian government bonds traded modestly lower Wednesday after data showed that the countrys gross domestic product (GDP) growth recovered in June. Although the annualized reading for the second quarter registered a...

Eurozone consumer prices steady in August, below market consensus

Aug 31, 2016 12:52 pm UTC| Commentary

Consumer prices in the eurozone remained steady during the month of August; however, it stayed below market consensus for a modest increase. Eurozone inflation rose at an annual pace of 0.2 percent this month, the same...

FX Hedging Strategy Series

FxWirePro: Are you not ready to digest EUR/NOK turbulence? Hedging dimension for Norwegian foreign traders

Aug 31, 2016 12:50 pm UTC| Commentary

EURNOK has been slipping from levels of 9.3144, to below DMAs, to currently trade at 9.2787. For now, the bumpy rallies are foreseen as fresh shorting opportunities. The oil investment survey on the weak sideand we...

U.K. manufacturing confidence likely to have recovered slightly in August

Aug 31, 2016 12:43 pm UTC| Commentary

Manufacturing confidence in the U.K. is likely to have recovered slightly in August. The manufacturing PMI had dropped sharply in July, falling 4.2 points to 48.2, entering contraction territory. However, situation has...

US Government bonds slump on higher ADP employment estimate; Fed’s Kashkari speech in focus

Aug 31, 2016 12:42 pm UTC| Commentary

The US Treasuries slumped Wednesday as recent data showed that ADP employment estimate came higher than expected in July. Also, investors await the Federal Reserve Bank of Minneapolis President Neel Kashkari speech on Fed...

German unemployment falls more than expected in August, jobless rate at record low

Aug 31, 2016 12:38 pm UTC| Commentary

The unemployment rate in Germany fell more than expected during the month of August, with the rate of jobless people hitting record low in Europes biggest economy, official figures released showed Wednesday. Germanys...

FX Hedging Strategy Series

FxWirePro: Hedge CBRT’s rate cut risks via USD/TRY diagonal spreads prompted by cyclical effects of Turkish political and economical turmoil

Aug 31, 2016 12:35 pm UTC| Central Banks Commentary

USDTRY slide which begun in 2014 when Turkey witnessed protests and corruption scandals followed by two elections in 2015 is being driven by most sectors ranging from services and retail trade to construction. After...

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Economy

Cuba Power Grid Collapse Triggers Nationwide Blackout Amid Deepening Energy Crisis

Cuba began gradually restoring electricity on Monday after the countrys national power grid suffered another major collapse, leaving millions without electricity and worsening an already severe energy crisis driven by fuel...

Asia Stocks Fall as Samsung Earnings Fail to Ease AI Valuation Concerns

Asian stock markets declined on Tuesday as investors questioned whether future earnings can justify lofty artificial intelligence (AI) valuations, triggering a broad selloff in semiconductor stocks despite Samsung...

China 618 Smartphone Sales Drop 13% as Higher Prices Hurt Demand, Huawei Gains Market Share

Chinas smartphone sales fell 13% year-over-year during the 2026 618 shopping festival as rising handset prices and weaker discounts discouraged buyers, according to Counterpoint Research. The annual month-long shopping...

Oil Prices Rise as Strait of Hormuz Risks Offset OPEC+ Supply Increase

Oil prices edged higher on Tuesday as renewed security concerns in the Strait of Hormuz balanced expectations of increased global crude supply following Saudi Arabias price cuts for Asian buyers and OPEC+s latest...

US Stock Futures Slip as Fed Minutes, Earnings Season Take Center Stage

U.S. stock futures traded slightly lower late Monday after Wall Street began the week with solid gains led by technology and semiconductor stocks. Investors are now shifting their attention to the Federal Reserves upcoming...

Politics

Trump May Reopen F-35 Program Access for Turkey Ahead of NATO Summit

U.S. President Donald Trump is expected to tell Turkish President Recep Tayyip Erdogan that his administration is prepared to allow Turkey to rejoin the F-35 stealth fighter program, according to a New York Times report...

FIFA Defends Balogun Ban Suspension After Trump Praise Sparks World Cup Controversy

FIFA President Gianni Infantino defended the organizations disciplinary process after U.S. President Donald Trump praised the decision to suspend U.S. striker Folarin Baloguns World Cup red-card ban, a move that has...

Australia, Solomon Islands Strengthen Ties After China’s Pacific Missile Test

Australia and the Solomon Islands have pledged to deepen their bilateral partnership by advancing negotiations on a new comprehensive treaty, a move that comes just one day after China conducted an intercontinental...

NATO Leaders to Unveil Multi-Billion-Dollar Defense Deals Ahead of Trump Summit in Ankara

NATO leaders are set to announce defense agreements worth tens of billions of dollars in Ankara on Tuesday, underscoring Europes commitment to increasing military spending ahead of a high-profile summit with U.S. President...

Trump Says Ukraine Peace Deal Is Closer Ahead of NATO Summit Talks

U.S. President Donald Trump said a resolution to the Russia-Ukraine war may be closer than many believe as he prepares to discuss the conflict during this weeks NATO summit in Ankara, where he is expected to meet Ukrainian...

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

Meta Says States Seek $1.4 Trillion in Penalties Over Teen Social Media Addiction Lawsuit

Meta Platforms has revealed that four U.S. states are seeking approximately $1.4 trillion in potential penalties in a lawsuit accusing the company of designing Facebook and Instagram to addict young users while misleading...

Samsung Q2 Profit Hits Record on AI Memory Boom as Shares Tumble

Samsung Electronics (KS:005930) forecast record-breaking second-quarter earnings on Tuesday, driven by surging demand for artificial intelligence (AI) memory chips. Despite posting stronger-than-expected operating profit,...

LG Energy Solution Q2 Profit Plunges 77% Despite Revenue Growth on Weak EV Demand

LG Energy Solution (KS:373220) expects its second-quarter operating profit to plunge 77% from a year earlier as slowing global electric vehicle (EV) demand continues to pressure the battery industry, despite reporting...

WiseTech Global Shares Surge as Richard White Steps Down as Executive Chair

WiseTech Global shares jumped more than 10% on Tuesday after the Australian logistics software company announced that co-founder Richard White had stepped down as executive chair with immediate effect. Independent director...

Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone

Bank of America upgraded T-Mobile US (NASDAQ: TMUS) to Buy from Neutral on Monday, arguing that the recent selloff in telecom stocks has created an attractive buying opportunity and that investors are overstating the...