After Wednesday’s downside inflation surprise rallied stocks and ushered the Nasdaq COMP out of a bear market, some may be wondering if a meltup is around the corner.

Futures are pointing to more gains, as investors also waking up to more good news on falling U.S. gasoline prices (see below).

But should investors really count on prices continuing...

If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware.

If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.

GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall healthand potential growth of a country.Consequently, greater volatility in the forex market is closely observed during the GDP release.

COPENHAGEN, Aug 11 (Reuters) - Renewables firm Orsted (ORSTED.CO) raised its full-year outlook on Thursday thanks to high power prices, after a disappointing showing in its offshore wind business led to weaker-than-expected second quarter core earnings which knocked its shares.

Europe's power crunch, largely the result of the conflict in Ukraine, means the world's largest developer of offshore wind farms now expects full-year earnings before interest, tax, depreciation and amortisation (EBITDA), excluding new partnerships, of 20-22 billion Danish crowns.

This was up from a previous range of 19-21 billion crowns.

PINGTUNG, Taiwan, Aug 11 (Reuters) - Even before last week's visit to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi, fish farmer Chen Sheng-You was on the lookout for new business, with trade curbs cutting him off from his major source of revenue - China.

Amid simmering tension between China and self-ruled Taiwan,

Beijing suspended purchases of grouper fish, Chen's main product, in June after repeatedly detecting banned chemicals. read more

Mexico and Peru’s central banks are expected Thursday to hike their key interest rates to the highest point in more than a decade, as they continue their record tightening cycles to try to wrestle persistent inflation back under control.

Banxico, as the Mexican central bank is known, will raise its benchmark rate by 75 basis points to 8.5% -- its highest since adopting a target rate in 2008 -- according to all 23 economists surveyed by Bloomberg. Peru, in the meantime, will increase borrowing costs by a half-point to 6.5%, eight of nine analysts predict.

A major Bangladesh opposition party gathered thousands of supporters in capital Dhaka to protest a record fuel price hike announced by the government to preserve fuel reserves as it looks to multilateral lenders to shore up its foreign exchange reserves as import bills balloon.   

The Bangladesh Nationalist Party described the weekend price hike by Prime Minister Sheikh Hasina’s government as a “tool to suppress people.” The protests are expected to expand to other cities and towns on Friday.

Anthony Fauci has few friends, even in Seattle.  Keep in mind, Seattle is one of the major strongholds of leftist covid hysteria in the US and ground zero for lockdowns in Washington State which lasted well over a year.  Most of the country dropped mandates and lockdowns after a few months when it became clear that covid was not a threat to 99.7% or more of the population according to dozens of peer reviewed studies.  But Washington State kept them going, primarily because of the fear mongering of government officials like Fauci.  The fact that Fauci was booed by large crowds in the middle of Seattle is surprising.  However, this shows that resistance to the mandates and anger over the disinformation surrounding covid is far more widespread than the media would have us believe.  

Fauci agreed to throw the first pitch at the Seattle Mariners T-Mobile Stadium this week, probably because he thought he would be safe within the confines of the...

Aug 11 (Reuters) - Over an earnings period that appeared to signal the end of Netflix envy, Walt Disney Co (DIS.N) restored hopes that growth in the streaming business will continue.

But Disney, which edged past Netflix as streaming leader by global subscribers last quarter, is the outlier among its media peers. read more

The industry-wide scramble of the last few years to copy Netflix Inc (NFLX.O) has slowed to a more deliberate pace over the last two weeks, as companies change their tune on the streaming business. Rather than placing streaming at the center of their strategy, it is now just one of several lines of business.

SYDNEY, Aug 11 (Reuters) - At an indoor pool in a western Sydney suburb, about 20 Afghan women who recently reached Australia as refugees listen to former asylum seeker Maryam Zahid as she offers them swimming classes and talks about the country's beach culture.

Zahid, who arrived in Australia from Afghanistan 22 years ago, said her sessions help the women develop "an identity for themselves" and deal with the trauma of the war that ravaged their home country.

"That is something that will impact psychological and emotional aspects of their life ... to have an identity for themselves as a human being first," Zahid told Reuters at the Ruth Everuss aquatic centre in the suburb of Auburn.

Rate hikes are (still) coming, gasoline prices fell, but rents are soaring.

Federal Reserve officials responded to softening inflation data by saying it doesn’t change the US central bank’s path toward even higher interest rates this year and next. Minneapolis Fed President Neel Kashkari, who prior to the pandemic was the central bank’s most dovish policy maker, said Wednesday that he wants the Fed’s benchmark interest rate at 3.9% by the end of this year and at 4.4% by the end of 2023. Yesterday's stock rally was fueled by bets that the Fed may turn less hawkish. Yet market observers cautioned that policy makers will want to see months more of evidence that price gains are slowing before they change their view. Economists are divided on whether slower CPI growth means the Fed could ease its aggressive rate-hiking program.

Michael Burry may have been lionised in the movie and book The Big Short, but in person, he’s more of a pussycat. That’s according to Michael Lewis, the author who wrote about Burry’s multi-billion-dollar bet against the US housing market in the 2010 book.

But the man many watch for his market musings is very different to the one Lewis has seen in person.

“To...

After Brexit, many expected divergence in regulation between the EU and the UK, as Britain sought to make its own financial system more competitive.

But with the introduction of the Financial Services and Market Bill in the UK and the EU Parliament’s draft report of the MiFID II review, the two jurisdiction’s regulation seem to be moving in tandem.

That's...

The live-streamed US libel trial of actor Johnny Depp against his ex-wife Amber Heard dominated the internet for just over a month. But the fervent Google searches also threw his law firm, Brown Rudnick, into the blazing spotlight.

Now the 146th largest law firm in the US by revenue is capitalising on its new-found online fame by plotting a London expansion.

“London...

The live-streamed US libel trial of actor Johnny Depp against his ex-wife Amber Heard dominated the internet for just over a month. But the fervent Google searches also threw his law firm, Brown Rudnick, into the blazing spotlight.

Now the 146th largest law firm in the US by revenue is capitalising on its new-found online fame by plotting a London expansion.

“London...

LONDON, Aug 11 (Reuters) - Expectations for activity in Britain's housing market have dried up quickly thanks to a worsening economic outlook and rising interest rates, an industry survey showed on Thursday.

The Royal Institution of Chartered Surveyors (RICS) said its gauge of sales expectations for the coming 12 months slid to -36% in July from June's -21%, the lowest reading since the onset of the COVID-19 pandemic in March 2020.

The survey was conducted before the Bank of England last week announced its biggest rate hike since 1995. read more

The live-streamed US libel trial of actor Johnny Depp against his ex-wife Amber Heard dominated the internet for just over a month. But the fervent Google searches also threw his law firm, Brown Rudnick, into the blazing spotlight.

Now the 146th largest law firm in the US by revenue is capitalising on its new-found online fame by plotting a London expansion.

“London...