News 

Study on DNA spread by genetically modified mosquitoes prompts backlash

“For 10 years, the company Oxitec has been testing whether genetically modified (GM) mosquitoes can suppress populations of their natural brethren, which carry devastating viruses such as Zika and den-gue” writes Kelly Servick for sciencemag.org. Oxitec’s latest strain of GM mosquitoes is designed to spread the lethal gene more effectively. Source: sciencemag.org

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News Platforms 

Clinton accuses Facebook of spreading ‘Trump’s propaganda’

“Former Secretary of State Hillary Clinton slammed Facebook for allowing ‘Trump’s propaganda’ to spread on its platform in the lead up to the 2016 presidential election” reports washingtonexaminer.com. The social media platform acknowledged that the video was doctored but opted to leave it up on their platform.The former first lady criticized the platform for failing to combat “Trump’s propaganda efforts” because they are “already spending hundreds and hundreds of thousands of dollars on Facebook each week to spread fake endorsements and outright lies about Democrats.”. Clinton spoke in front of…

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AUD News 

The aussie picks up from where it left off last week

“The aussie is continuing to quietly make its climb higher as AUD/USD buyers pick up from where they left off last week” reports forexlive.com. I’ve highlighted last week that the yields spread play is arguing in favour of upside momentum towards 0.7000 potentially so let’s see how things are shaping up now: As you can see, AUD/USD is starting to adjust higher to reflect the tightening in the yields spread (in favour of the aussie) so at this stage I reckon the currency may take things a bit slower from…

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Futures News 

US futures turn higher after ‘calm’ trade comments from China

“U.S. stock index futures turned positive Thursday morning, after China said it wished to resolve its protracted trade dispute with the world’s largest economy with a “calm” attitude” writes Sam Meredith for cnbc.com. The closely-watched spread between the 10-year Treasury yield and the 2-year rate briefly fell to negative 6 basis points in the previous session.On Wednesday, the rate on the benchmark 30-year Treasury bond sank to an all-time low, while the U.S. yield curve inverted even further.ET, Dow futures rose 184 points, indicating a positive open of more than…

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Futures Markets News 

US futures turn lower after key yield curve inverts further

“U.S. stock index futures turned lower Wednesday morning after a key part of the U.S. yield curve inverted even further, exacerbating fears of an impending recession” writes Sam Meredith for cnbc.com. Meanwhile, the U.S. 30-year Treasury yield fell to a new record low of 1.906% on Wednesday.The closely watched spread between the 10-year Treasury yield and the 2-year rate fell to negative 6 basis points Wednesday morning.ET, Dow futures rose 2 points, indicating a negative open of more than 19 points.A 10-year rate below the 2-year yield is viewed by…

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News 

US 30-year yield falls below 3-month Treasury bill yield for first time in 12 years

“The long end continues to rip in the US as 30-year yields fall 7.4 basis points to 1.96%” reports forexlive.com. That has pushed the yield below the 3-month T-bill, which is at 1.97% right now.Here is a long-term look at the spread, including the two inversions that led to recessions. Here is a long-term look at the spread, including the two inversions that led to recessions. Source: forexlive.com

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News 

Amazon rainforest fires spread ghostly smoke in dramatic ISS images

“Check out our Amazon rainforest fires explainer for more on what is causing the blazes, how world leaders are responding and what you can do to help” writes Amanda Kooser for cnet.com. The Amazon rainforest in South America has been on fire for weeks, spreading smoke across the land and leaving the world watching as the delicate ecosystem is consumed by flames during its annual dry season. Source: cnet.com

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