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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 Edges Lower as Chinese Stimulus Hope Supports Risk Appetite

Gold prices were fractionally lower on Monday, largely unmoved by either virus-related concerns or by worse-than-expected growth numbers from Japan. In quiet trading subdued by the U.S. Presidents Day holiday, gold futures were down 0.1% from Friday™s close at $1,584.45 a troy ounce by 8:04 AM ET (13:04 GMT). Spot gold was down 0.2% at $1,581.76 an ounce. Silver futures were up 0.2% at $17.78, while platinum futures were up 0.2% at $970.65. Copper futures, which tend to reflect...

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...

China's Factory Outlook Improves More than Expected in September
Monday, 30 September 2019 09:02 WIB | ASIA |PMI China

A report on the health of China™s manufacturing sector improved in September, although it was still below the line indicating contraction.

The manufacturing purchasing managers™ index rose to to 49.8, according to data released by the National Bureau of Statistics on Monday. That™s better than the 49.6 forecast in a Bloomberg survey of economists.

The non-manufacturing gauge was 53.7, above the 50 level that divides expansion from contraction.

A separate PMI focused more on smaller, export-orientated firms due later Monday is forecast to show a slowing expansion.

The improved result comes after economic activity slowed in August, with industrial output growing at the slowest pace for a single month since 2002. A set of early data collated by Bloomberg showed that trend continuing in September.

Industrial output may see a pickup from the very weak increase in August, China International Capital Corp. economists led by Eva Yiwrote in a note before the data. However, based on the current trend, the œdownside risk for third-quarter GDP has increased materially, highlighting the urgency for more decisive and effective counter-cyclical efforts.

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 Edges Lower as Chinese Stimulus Hope Supports Risk Appetite

Gold prices were fractionally lower on Monday, largely unmoved by either virus-related concerns or by worse-than-expected growth numbers from Japan. In quiet trading subdued by the U.S. Presidents Day holiday, gold futures were down 0.1% from Friday™s close at $1,584.45 a troy ounce by 8:04 AM ET (13:04 GMT). Spot gold was down 0.2% at $1,581.76 an ounce. Silver futures were up 0.2% at $17.78, while platinum futures were up 0.2% at $970.65. Copper futures, which tend to reflect...

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...

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