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POPULAR NEWS
Gold Steadies as Countries Plan Stimulus Measures

Gold was little changed as investors weighed plans by countries hit by the coronavirus to shore up their economies amid differing assessments of the rate of infections. Spot gold little changed at $1,583.58/oz at 9:14am in Singapore. Price +0.9% last week. Bloomberg Dollar Spot Index steady. China, Hong Kong and Singapore are pledging extra stimulus to counter the outbreak™s impact on growth. While the head of a hospital in the city of Wuhan said...

Tokyo Stocks Open Lower as Virus Worries Linger

Tokyo stocks opened lower on Monday due to worries over the global spread of the new coronavirus. The benchmark Nikkei 225 index was down 0.81 percent or 191.88 points at 23,495.71 in early trade, while the broader Topix index slipped 0.85 percent or 14.46 points at 1,688.41. Source : AFP

Oil Prices Slip Ahead of Data Pointers on Impact of Coronavirus on Demand

Oil prices edged lower on Monday as investors brace for economic data in Asia due this week that should give a reading on how China's coronavirus epidemic has affected oil demand. Brent crude was at $56.99 a barrel, down 33 cents by 0121 GMT after rising 5.2% last week, the biggest weekly gain since September 2019. U.S. West Texas Intermediate crude  fell 13 cents to $51.92 a barrel, after a 3.4% gain last week. The weekly gains, the first since early January, were spurred by hopes...

Gold Steadies as Countries Plan Stimulus Measures

Gold was little changed as investors weighed plans by countries hit by the coronavirus to shore up their economies amid differing assessments of the rate of infections. Spot gold little changed at $1,583.03/oz at 1:09pm in Singapore; +0.5% on Friday. Price +0.9% last week. Bloomberg Dollar Spot Index steady. China, Hong Kong and Singapore are pledging extra stimulus to counter the outbreak™s impact on growth. While the head of a hospital in the city of Wuhan...

Hong Kong Stocks Fall at Open

Hong Kong stocks opened lower on Monday as the death toll from China's new coronavirus jumped and concerns deepened over the potential economic fallout from the epidemic. The Hang Seng Index fell 0.18 percent, or 48.89 points, to 27,766.71 in early trade. Mainland China's benchmark Shanghai Composite Index opened 0.27 percent higher, or 7.98 points, at 2,924.99. The Shenzhen Composite Index, which tracks stocks on China's second exchange, opened up 0.59 percent, or 10.48 points, at...

U.K. Economy Set for a Stronger Quarter as Output Rises Again
Wednesday, 10 April 2019 15:57 WIB | ECONOMY |Ekonomi inggrisGDP Inggris

The U.K. economy appears to be on course for a stronger-than-forecast first quarter after gross domestic product unexpectedly rose in February, despite the escalating crisis over Brexit.

GDP gained 0.2 percent from January, when it jumped 0.5 percent, the Office for National Statistics said Wednesday. Economists had expected output to flat-line. It left the three-month growth rate at 0.3 percent.

It means the economy will expand 0.5 percent in the first quarter if GDP is unchanged in March -- more than double the pace of the previous three months. The Bank of England is forecasting 0.3 percent. The ONS said there was some anecdotal evidence of Brexit stockpiling, as companies brought forward orders before the original March 29 deadline for leaving the EU.

The pickup in February was broad based, with manufacturing rising 0.9 percent and construction gaining 0.4 percent. The poorest performer was the dominant services industry, where output rose just 0.1 percent.

Separate figures showed the trade deficit narrowed marginally in February to 14.1 billion pounds ($18.4 billion). Exports rose but there was little evidence in the data of firms hoarding foreign goods in case of a no-deal Brexit, with imports falling in both value and volume terms.

The strength of February left GDP 2 percent higher than a year earlier, the fastest annual growth rate since the end of 2017. But the first quarter will once again get no help from trade, with the deficit in goods and services set to widen.

Eleven of 13 manufacturing sectors saw output increase in February, driven by basic metals and computer, electronic and optical products. The sector helped overall industrial production grow 0.6 percent.

In the services sector, financial and insurance services reduced output for a 12th consecutive month, the longest run since records began in 1997. The accommodation and food services sector and information and communication also contracted.

Source : Bloomberg

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POPULAR NEWS
Gold Steadies as Countries Plan Stimulus Measures

Gold was little changed as investors weighed plans by countries hit by the coronavirus to shore up their economies amid differing assessments of the rate of infections. Spot gold little changed at $1,583.58/oz at 9:14am in Singapore. Price +0.9% last week. Bloomberg Dollar Spot Index steady. China, Hong Kong and Singapore are pledging extra stimulus to counter the outbreak™s impact on growth. While the head of a hospital in the city of Wuhan said...

Tokyo Stocks Open Lower as Virus Worries Linger

Tokyo stocks opened lower on Monday due to worries over the global spread of the new coronavirus. The benchmark Nikkei 225 index was down 0.81 percent or 191.88 points at 23,495.71 in early trade, while the broader Topix index slipped 0.85 percent or 14.46 points at 1,688.41. Source : AFP

Oil Prices Slip Ahead of Data Pointers on Impact of Coronavirus on Demand

Oil prices edged lower on Monday as investors brace for economic data in Asia due this week that should give a reading on how China's coronavirus epidemic has affected oil demand. Brent crude was at $56.99 a barrel, down 33 cents by 0121 GMT after rising 5.2% last week, the biggest weekly gain since September 2019. U.S. West Texas Intermediate crude  fell 13 cents to $51.92 a barrel, after a 3.4% gain last week. The weekly gains, the first since early January, were spurred by hopes...

Gold Steadies as Countries Plan Stimulus Measures

Gold was little changed as investors weighed plans by countries hit by the coronavirus to shore up their economies amid differing assessments of the rate of infections. Spot gold little changed at $1,583.03/oz at 1:09pm in Singapore; +0.5% on Friday. Price +0.9% last week. Bloomberg Dollar Spot Index steady. China, Hong Kong and Singapore are pledging extra stimulus to counter the outbreak™s impact on growth. While the head of a hospital in the city of Wuhan...

Hong Kong Stocks Fall at Open

Hong Kong stocks opened lower on Monday as the death toll from China's new coronavirus jumped and concerns deepened over the potential economic fallout from the epidemic. The Hang Seng Index fell 0.18 percent, or 48.89 points, to 27,766.71 in early trade. Mainland China's benchmark Shanghai Composite Index opened 0.27 percent higher, or 7.98 points, at 2,924.99. The Shenzhen Composite Index, which tracks stocks on China's second exchange, opened up 0.59 percent, or 10.48 points, at...

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