NASA’s Kennedy Space Center Prepares For Hurricane Irma

Trading 06 sept 2017 Commentaire »
When Hurricane Harvey was barreling down on the Johnson Space Center in Texas, NASA made the decision to send any non-essential employees home. Only a skeleton staff rode out the storm from the center and stayed in contact with the International Space Station until the rain slowed and the roads cleared.

Hurricane Irma Shuts Down Prison Visitations In Florida

Trading 06 sept 2017 Commentaire »
All Florida prisons will cancel weekend visitations in wake of Hurricane Irma's arrival. The Florida Department of Corrections (FDC) plans to ensure the safety of those under its protection by taking proactive measures that will include around the clock assistance for inmates. The FDC are bringing additional food and water supplies to facilities statewide ahead of the storm. If evacuation is necessary, the new determined locations will also be made in the best interest of inmates and the public's safety. 

BRAZIL: Annual Inflation Decelerates To 2.24%, Lowest Since 1999

Trading 06 sept 2017 Commentaire »

The 12-month inflation rate in Brazil decreased to 2.46%, the lowest level since February 1999, when it reached 2.24%. The reading was lower than the 2.60% rate expected by market analysts and is also below the central bank's target for inflation, which ranges from 2.5% to 6.5%.

In a monthly comparison, the Brazilian consumer price index rose 0.19% in August, after a 0.24% increase in July, according to the Brazilian statistics office. Analysts expected a 0.31% growth.

The weak inflation readings reflect a 0.47% decline in food and beverage prices in August compared to July, which offset the 1.53% increase in transport prices after the government's decision to double a tax on fuels. As other groups had small price gains, the inflation rate remained constrained.

Fuel prices, however, rose sharply on a monthly comparison due to higher taxes. Ethanol became 5.71% more expensive in August compared to July, while gasoline prices rose 7.19%.

Year-to-date, Brazil's official inflation is running at 1.62%, the lowest result since the implementation of the Real Plan, in 1994.

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Dark Moons Around Uranus Are Doomed To Crash And Die

Trading 06 sept 2017 Commentaire »
Astronomers studying the area around Uranus say that some of its moons will crash into each other one day.

COLOMBIA: Annual Inflation Rises To 3.87% In August And Nears 4% Limit

Trading 06 sept 2017 Commentaire »

The Colombian Consumer Price Index rose 3.87% in August on an annual basis, after a 3.40% increase a month before, according to the country's statistics office. The rate, however, is still within the 4% inflation limit set by the central bank for 2017.

Housing, transport, and food prices were the primary drivers of the higher annual inflation in Colombia in August, adding 2.39 percentage points to the rate change.

In a monthly comparison, the consumer price index in Colombia rose 0.14% in August, after posting a 0.05% deflation in July. The monthly reading came slightly above the 0.10% rate estimated by analysts consulted by the Colombian central bank.

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ARGENTINA: Trade With Australia Grows 29% In The First Half Of 2017

Trading 06 sept 2017 Commentaire »

Bilateral trade between Argentina and Australia grew 29% during the first half of 2017 compared to the same period in the previous year, according to the first consultations between both countries, held Tuesday in Buenos Aires.

At the meeting, Argentina and Australia representatives stressed "the excellent level of the bilateral ties and agreed to continue promoting high-level exchanges, as well as the promotion of reciprocal trade missions," the Argentinean Foreign Ministry said in a statement.

Argentinean and Australian officials also stressed the existing opportunities in the mining sector in Argentina and celebrated the implementation of the Memorandum of Understanding for Cooperation in Agriculture, Livestock, and Fisheries, signed in 2015. Both countries also analyzed new possibilities for cooperation on nuclear, space, Antarctica presence, gender equality, fiscal, sports, and education issues.

The meeting was chaired by Argentina's Undersecretary for Foreign Affairs, Gustavo Zlauvinen, and by the deputy secretary of the Department of Foreign Affairs and Trade of Australia, Penny Williams.

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EMBRAER: SkyWest Orders 25 E-Jets With A US$ 1.1 Billion List Price

Trading 06 sept 2017 Commentaire »

Brazilian aircraft maker Embraer has announced a purchase request for E-Jets by U.S. SkyWest. The order is worth US$ 1.1 billion, based on current list prices, and will be included in Embraer's order book for the third quarter of 2017.

Embraer should deliver the 25 aircraft in 2018. The order includes fifteen E175 SC jets that will fly under an agreement with Delta in a 70-seat configuration, while the remaining ten E175 jets will fly under a deal with Alaska Airlines configured with 76 seats.

SkyWest said in a statement that it expects to invest approximately US$90 million in cash to acquire these 25 new aircraft, and to finance the balance of the purchase price with 12-year fixed rate debt.

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Apple iOS 11 Beta 10 Launches Ahead Of Official Release

Trading 06 sept 2017 Commentaire »
Apple has released the 10th beta of iOS 11 ahead of the company’s scheduled Sept. 12 press event. This new pre-release version is fairly small, clocking in at 40.6 MB. Thus, it is expected to just come with minor tweaks and a couple of fixes for bugs spotted in the previous beta. 

Crude Oil Price Rise Further

Trading 06 sept 2017 Commentaire »

West Texas Intermediate crude for October delivery on the New York Mercantile Exchange rose 50 cents, or 1%, to end at $49.16 a barrel.

Prices rose amid expectations for demand for crude oil from refineries in Texas as they get back normal operations after Hurricane Harvey.

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Treasuries Give Back Ground Following Yesterday's Rally

Trading 06 sept 2017 Commentaire »

Following the rally seen in the previous session, treasuries gave back some ground over the course of the trading session on Wednesday.

Bond prices showed a lack of direction in morning trading but came under pressure in the afternoon. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 3.8 basis points to 2.108 percent.

The rebound by the ten-year yield on the day came after it tumbled to its lowest closing level in nearly ten months on Tuesday.

Treasuries moved to the downside in afternoon trading following news President Donald Trump agreed to support a measure that would raise the debt ceiling and fund the government for three months.

The short-term debt limit and government funding measure would be attached to a bill providing aid for victims of Hurricane Harvey.

House Minority Leader Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., released a statement announcing the agreement on the combined bill after meeting with Trump.

The statement by Pelosi and Schumer came even though House Speaker Paul Ryan, R-Wis., attacked the idea of a short-term debt limit increase just hours earlier.

Speaking to reporters, Ryan described a Democratic plan to combine a Hurricane Harvey aid package with a short-term debt limit increase as "ridiculous and disgraceful" as well as "unworkable."

Trump confirmed the agreement in remarks to reporters aboard Air Force One as he traveled to North Dakota for a tax reform event.

Earlier in the day, treasuries showed a lack of direction amid uncertainty ahead of the European Central Bank's monetary policy meeting on Thursday.

On the U.S. economic front, the Institute for Supply Management released a report showing a rebound in the pace of growth in service sector activity in the month of August.

The ISM said its non-manufacturing index climbed to 55.3 in August after falling to 53.9 in July, with a reading above 50 indicating growth in the service sector. Economists had expected the index to rebound to 55.8.

A separate report released by the Commerce Department showed the trade deficit came in slightly wider in the month of July.

The Commerce Department said the trade deficit widened to $43.7 billion in July from a revised $43.5 billion in June. Economists had expected the deficit to widen to $44.6 billion.

The ECB's monetary policy announcement is likely to be in focus on Thursday, although the central bank is widely expected to leave interest rates unchanged and maintain its asset purchase program.

Trading could also be impacted by reaction to a report on weekly jobless claims as well as revised data on labor productivity and costs in the second quarter.

The Treasury Department is also due to announce the details of next week's auctions of three-year and ten-year notes and thirty-year bonds.

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