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POPULAR NEWS
Pompeo: 'Important Information' for Trump After Mideast Talks on Saudi Oil Field Attacks

U.S. Secretary of State Mike Pompeo said Thursday he has "important information" for President Donald Trump about how to respond to the recent attack on Saudi Arabia's oil facilities after meeting with leaders in Saudi Arabia and the United Arab Emirates. The top U.S. diplomat said there was "enormous consensus" that Iran was responsible for the middle-of-the-night missile and drone attacks last weekend that at least temporarily knocked out half of the Saudis' oil production, nearly 6% of the...

Hong Kong stocks open higher

Hong Kong stocks opened with small gains Friday morning as bargain-buyers moved in following a four-day drop, with dealers keeping an ear to the ground for fresh developments in the China-US trade row. The Hang Seng Index rose 0.24 percent, or 63.93 points, to 26,532.88. The benchmark Shanghai Composite Index edged up 0.18 percent, or 5.53 points, to 3,004.81 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, also added 0.18 percent, or 3.00 points, to...

Gold Futures Score First Weekly Gain in a Month

Gold futures climbed Friday to tally a gain for the week, the first in four weeks, as geopolitical tensions remained high, boosting haven demand for the precious metal. President Donald Trump announced further sanctions on Iran. "The confrontation with Iran [is] still very real," said Jeff Wright, executive vice president of GoldMining Inc. "So you have safe-haven interest perking up into the weekend." Trump also said Friday that he didn™t need a trade deal with China before the 2020...

U.S. Oil Prices Pare Most of Their Gains as Gasoline Futures Rally

Oil futures rose Thursday, but U.S. prices gave up nearly all of their earlier gains by the settlement. Prices found support as Saudi Arabia reportedly contacted foreign producers to help fill holes in its supply chain following last weekend's attacks on the country's production facilities. However, news of storm disruptions to refining activity in Texas suggested a slowdown in demand for crude, prompting U.S. prices to give up nearly all of the day's gains. The Sabine Ship Channel, a major...

Oil's Rising Again as Iran's Warning of War Ratchets Up Tensions

The threat of war in the Middle East is pushing oil prices higher again, capping one of the most dramatic ever weeks for crude markets in which 5% of the world's supplies were cut by attacks on Saudi production facilities. Brent crude for November settlement rose 42 cents, or 0.7%, to $64.82 a barrel on the ICE Futures Europe Exchange as of 8:52 a.m. in Singapore on Friday. The global benchmark crude is up 7.7% this week, the most since January. It's a bullish end to an...

U.S. wholesale prices increased 0.1% in June, PPI shows
Friday, 12 July 2019 19:46 WIB | ECONOMY |Ekonomi ASPPI

The producer price index rose a modest 0.1% in June, indicating that inflation remains muted. Economists polled by MarketWatch had predicted a 0.1% fall.

The increase in wholesale inflation over the past year fell to 1.7%, the lowest level since January 2017, the government said Friday. Wholesale energy prices dropped 3.1% in June.

Wholesale food costs rose 0.6%. Excluding food, energy and trade margins, core PPI rate was flat last month after two straight months of 0.4% gains. The yearly rate of increase in core prices decreased to 2.1% from 2.3%.

Source: marketwatch

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POPULAR NEWS
Pompeo: 'Important Information' for Trump After Mideast Talks on Saudi Oil Field Attacks

U.S. Secretary of State Mike Pompeo said Thursday he has "important information" for President Donald Trump about how to respond to the recent attack on Saudi Arabia's oil facilities after meeting with leaders in Saudi Arabia and the United Arab Emirates. The top U.S. diplomat said there was "enormous consensus" that Iran was responsible for the middle-of-the-night missile and drone attacks last weekend that at least temporarily knocked out half of the Saudis' oil production, nearly 6% of the...

Hong Kong stocks open higher

Hong Kong stocks opened with small gains Friday morning as bargain-buyers moved in following a four-day drop, with dealers keeping an ear to the ground for fresh developments in the China-US trade row. The Hang Seng Index rose 0.24 percent, or 63.93 points, to 26,532.88. The benchmark Shanghai Composite Index edged up 0.18 percent, or 5.53 points, to 3,004.81 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, also added 0.18 percent, or 3.00 points, to...

Gold Futures Score First Weekly Gain in a Month

Gold futures climbed Friday to tally a gain for the week, the first in four weeks, as geopolitical tensions remained high, boosting haven demand for the precious metal. President Donald Trump announced further sanctions on Iran. "The confrontation with Iran [is] still very real," said Jeff Wright, executive vice president of GoldMining Inc. "So you have safe-haven interest perking up into the weekend." Trump also said Friday that he didn™t need a trade deal with China before the 2020...

U.S. Oil Prices Pare Most of Their Gains as Gasoline Futures Rally

Oil futures rose Thursday, but U.S. prices gave up nearly all of their earlier gains by the settlement. Prices found support as Saudi Arabia reportedly contacted foreign producers to help fill holes in its supply chain following last weekend's attacks on the country's production facilities. However, news of storm disruptions to refining activity in Texas suggested a slowdown in demand for crude, prompting U.S. prices to give up nearly all of the day's gains. The Sabine Ship Channel, a major...

Oil's Rising Again as Iran's Warning of War Ratchets Up Tensions

The threat of war in the Middle East is pushing oil prices higher again, capping one of the most dramatic ever weeks for crude markets in which 5% of the world's supplies were cut by attacks on Saudi production facilities. Brent crude for November settlement rose 42 cents, or 0.7%, to $64.82 a barrel on the ICE Futures Europe Exchange as of 8:52 a.m. in Singapore on Friday. The global benchmark crude is up 7.7% this week, the most since January. It's a bullish end to an...

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