Gold declined for a second day as investors favored riskier assets and weighed President Donald Trump™s comments on trade talks with China. Stocks in Asia gained along with U.S. futures Monday, while Treasury yieldscontinued to recover from multi-year lows reached last week, when an inversion in the yield curve sparked recession worries. Trump said the U.S. is œdoing very well with China, and talking! but suggested he wasn™t ready to sign a trade deal, hours...
Crude held gains after a drone attack on oil and gas facilities in Saudi Arabia underscored geopolitical risk in the Middle East and as investors assess signs of progress in trade negotiations with China. Futures on Monday were little changed after climbing 0.7% on Friday. Saudi Arabian Oil Co. said oil operations weren™t interrupted after a small fire was extinguished at a natural gas liquids plant at the at the Shaybah field. President Donald Trump said in a...
Tokyo stocks opened higher on Monday, tracking rallies on Wall Street with all eyes on key events this week including a major speech by the US Federal Reserve chief. The benchmark Nikkei 225 index was up 0.90 percent, or 182.81 points, at 20,601.62 in early trade, while the broader Topix index climbed 0.68 percent, or 10.17 points, to 1,495.46. Source : AFP
Gold prices slipped on Monday due to a stronger U.S. dollar and a recovery in equities, as hints of more stimulus from major central banks around the world eased concerns about a recession. Spot gold was down 0.5% at $1,505.98 per ounce at 07:59 GMT. U.S. gold futures also fell 0.5% to $1,516.80 an ounce. The dollar index, against a basket of six major currencies, hovered near a two-week high reached on Friday, making greenback-denominated gold costlier for investors holding other...
Hong Kong shares ended Monday's morning session with strong gains following a healthy lead from Wall Street and fuelled by fresh hopes for China-US trade talks. The Hang Seng Index jumped 1.87 percent, or 482.01 points, to 26,216.23. Source : AFP
The Australian Retails Sales have landed with a mixed picture. "The slow wages growth and soft consumer sentiment even with the RBA rate cut suggest another underwhelming month," analysts at Westpac explained.
For Q2 inflation-adjusted sales, they looked for a 0.3%qtr rise, in line with consensus. "This compares to -0.1%qtr in Q1 but bear in mind that the retail sales survey captures only a portion of total household spending “ the national accounts estimate of private consumption was +0.3%."
The data arrived as follows:
Australian Retail Sales (MoM) Jun: 0.4% (exp 0.3%; prev 0.1%).
Retail Sales ex inflation (QoQ) Q2: 0.2% (exp 0.3%; prev -0.1%).
About the Retail Sales
The Retail Sales released by the Australian Bureau of Statistics is a survey of goods sold by retailers is based on a sampling of retail stores of different types and sizes and it's considered as an indicator of the pace of the Australian economy. It shows the performance of the retail sector over the short and mid-term. Positive economic growth anticipates bullish trends for the AUD, while a low reading is seen as negative or bearish.
Source: FXstreet
Two gauges of manufacturing sentiment held their own in August, according to data released Thursday. The Philadelphia Fed manufacturing index fell slightly to a reading of 16.8 in August from 21.8 in...
Retail sales grew by more than expected in the US in July. US Dollar Index gains traction on the back of upbeat data. According to the data released by the US Census Bureau on Thursday, retail sales...
British retail sales in July grew 3.3% compared to a year ago, according to data released Thursday. Economists polled by FactSet expected a 2.6% rise. The Office for National Statistics said both valu...
Australia's labor market continued to defy gravity in July, adding almost three times the forecast number of jobs, while unemployment remained unchanged as the labor force swelled further. Jobs rose ...
The UK Consumer Prices Index (CPI) 12-month rate came in at 2.1% in July, when compared to 2.0% booked in June while bettering expectations of a 1.9% print, the UK Office for National Statistics (ONS)...
Gold declined for a second day as investors favored riskier assets and weighed President Donald Trump™s comments on trade talks with China. Stocks in Asia gained along with U.S. futures Monday, while Treasury yieldscontinued to recover from multi-year lows reached last week, when an inversion in the yield curve sparked recession worries. Trump said the U.S. is œdoing very well with China, and talking! but suggested he wasn™t ready to sign a trade deal, hours...
Crude held gains after a drone attack on oil and gas facilities in Saudi Arabia underscored geopolitical risk in the Middle East and as investors assess signs of progress in trade negotiations with China. Futures on Monday were little changed after climbing 0.7% on Friday. Saudi Arabian Oil Co. said oil operations weren™t interrupted after a small fire was extinguished at a natural gas liquids plant at the at the Shaybah field. President Donald Trump said in a...
Tokyo stocks opened higher on Monday, tracking rallies on Wall Street with all eyes on key events this week including a major speech by the US Federal Reserve chief. The benchmark Nikkei 225 index was up 0.90 percent, or 182.81 points, at 20,601.62 in early trade, while the broader Topix index climbed 0.68 percent, or 10.17 points, to 1,495.46. Source : AFP
Gold prices slipped on Monday due to a stronger U.S. dollar and a recovery in equities, as hints of more stimulus from major central banks around the world eased concerns about a recession. Spot gold was down 0.5% at $1,505.98 per ounce at 07:59 GMT. U.S. gold futures also fell 0.5% to $1,516.80 an ounce. The dollar index, against a basket of six major currencies, hovered near a two-week high reached on Friday, making greenback-denominated gold costlier for investors holding other...
Hong Kong shares ended Monday's morning session with strong gains following a healthy lead from Wall Street and fuelled by fresh hopes for China-US trade talks. The Hang Seng Index jumped 1.87 percent, or 482.01 points, to 26,216.23. Source : AFP