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POPULAR NEWS
Gold futures end lower for session, cling to weekly gain

Gold futures prices settled fractionally lower Friday although maintained a weekly gain. A decline for the leading dollar index boosted the metal, with gains held in check by a rebound for the U.S. stock market. December gold fell $1.00, or 0.1%, to $1,229.10 an ounce. The contract was up nearly 0.6% for the week after trading as high as $1,231 earlier in the week, its loftiest since July, according to FactSet data. Marketwatch

Gold Set for Longest Run of Weekly Gains Since January

Gold is heading for a third straight week of gains, the longest stretch since January, amid renewed interest in the precious metal as a safe haven. Volatility in equity markets and tensions in the Middle East have spurred demand for bullion, with holdings in exchange-traded funds backed by the metal expanding to the highest level in more six weeks. Concerns about the economy were further fueled by a JPMorgan Chase model indicating that the chance of the U.S. tipping...

Mega Millions Lottery Jackpot Inching Toward $1 Billion

Americans have a chance -- a very slight chance -- when the Mega Millions lottery numbers are picked Friday night. The jackpot has been building since the last winning set of numbers was drawn in July and has climbed to an astounding $970 million and could exceed the billion-dollar mark by the time all tickets are sold. Meantime, the jackpot for another lottery called Powerball stands at $430 million for a lucky winner in Saturday™s drawing. The odds of winning either game are about 1 in...

Shanghai Stocks Rally after Supporting Remarks

Shanghai stocks rebounded from early losses to surge more than two percent Friday after top economic officials made rare coordinated statements aimed at shoring up investor confidence in the country's troubled markets. The benchmark Shanghai Composite Index jumped 2.58 percent, or 64.05 points, to 2,550.47 but it still finished the week 2.1 percent lower. The Shenzhen Composite Index, which tracks stocks on China's second exchange, also gained 2.58 percent, or 31.80 points, to 1,263.81 but...

European markets close flat as Brussels looks to reduce tensions with Italy

European stocks pared earlier losses on Friday after Europe's economy commissioner said no decision had yet been taken on Italy's controversial budget plan. The pan-European Stoxx 600 ended a shade lower, 0.06 percent down as Friday's closing bell rang. In terms of country performance, the FTSE 100 in the U.K., the Swiss SMI, Spain's IBEX were all higher, while France's CAC 40, Germany's DAX and Italy's FTSE MIB pared losses but finished lower. Auto stocks was the worst-performing sector...

U.S. retail sales post second straight gain
Tuesday, 15 May 2018 19:47 WIB | ECONOMY |Ekonomi AS

Sales at U.S. retailers rose in April for the second straight month, adding to evidence the economy has sped up again after a slower start to the year.

Retail sales climbed 0.3% last month following an even larger gain in March than originally reported, the government said Tuesday. March sales were revised to show a 0.8% increase instead of 0.6%.

Economists polled by MarketWatch had forecast 0.3% increase in April sales.

Retail sales also rose 0.3% last month if auto dealers and gasoline stations are omitted.

Source: Marketwatch

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POPULAR NEWS
Gold futures end lower for session, cling to weekly gain

Gold futures prices settled fractionally lower Friday although maintained a weekly gain. A decline for the leading dollar index boosted the metal, with gains held in check by a rebound for the U.S. stock market. December gold fell $1.00, or 0.1%, to $1,229.10 an ounce. The contract was up nearly 0.6% for the week after trading as high as $1,231 earlier in the week, its loftiest since July, according to FactSet data. Marketwatch

Gold Set for Longest Run of Weekly Gains Since January

Gold is heading for a third straight week of gains, the longest stretch since January, amid renewed interest in the precious metal as a safe haven. Volatility in equity markets and tensions in the Middle East have spurred demand for bullion, with holdings in exchange-traded funds backed by the metal expanding to the highest level in more six weeks. Concerns about the economy were further fueled by a JPMorgan Chase model indicating that the chance of the U.S. tipping...

Mega Millions Lottery Jackpot Inching Toward $1 Billion

Americans have a chance -- a very slight chance -- when the Mega Millions lottery numbers are picked Friday night. The jackpot has been building since the last winning set of numbers was drawn in July and has climbed to an astounding $970 million and could exceed the billion-dollar mark by the time all tickets are sold. Meantime, the jackpot for another lottery called Powerball stands at $430 million for a lucky winner in Saturday™s drawing. The odds of winning either game are about 1 in...

Shanghai Stocks Rally after Supporting Remarks

Shanghai stocks rebounded from early losses to surge more than two percent Friday after top economic officials made rare coordinated statements aimed at shoring up investor confidence in the country's troubled markets. The benchmark Shanghai Composite Index jumped 2.58 percent, or 64.05 points, to 2,550.47 but it still finished the week 2.1 percent lower. The Shenzhen Composite Index, which tracks stocks on China's second exchange, also gained 2.58 percent, or 31.80 points, to 1,263.81 but...

European markets close flat as Brussels looks to reduce tensions with Italy

European stocks pared earlier losses on Friday after Europe's economy commissioner said no decision had yet been taken on Italy's controversial budget plan. The pan-European Stoxx 600 ended a shade lower, 0.06 percent down as Friday's closing bell rang. In terms of country performance, the FTSE 100 in the U.K., the Swiss SMI, Spain's IBEX were all higher, while France's CAC 40, Germany's DAX and Italy's FTSE MIB pared losses but finished lower. Auto stocks was the worst-performing sector...

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