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POPULAR NEWS
Tokyo stocks open higher tracking gains in US shares

Tokyo stocks opened higher on Monday, tracking gains on Wall Street due to optimism over US-China trade talks, with investors closely eyeing the US Federal Reserve's meeting later this week. The Nikkei 225 index added 0.65 percent, or 139.64 points, to 21,590.49 in early trade, while the broader Topix index climbed 0.43 percent, or 6.82 points, to 1,609.45. Source : AFP

Asia Stocks Rise, Focus Back on Fed; Yields Steady: Markets Wrap

Stocks in Asia gained Monday after a positive finish to a strong week for U.S. stocks led global equities to a five-month high. Treasuries steadied. Shares in Sydney, Seoul and Tokyo advanced after the S&P 500 Index posted its best week since November. Treasuries held gains seen at the end of last week and the 10-year yield remained below 2.6 percent in the wake of soft economic data. The dollar as focus turned to the Federal Reserve, which will likely reinforce its policy-pause...

Dollar licks wounds after soft data fans bets on dovish Fed

The dollar licked its wounds on Monday after soft U.S. data increased bets the Federal Reserve will cut rates later this year while the pound hovered near nine-months high on hopes for a delay in Britain's exit from the European Union. The dollar's index against a basket of six major currencies stood at 96.564, having shed 0.81 percent last week, the biggest loss since late August. The British pound stood not far from last week™s nine-month high of $1.3380, supported by relief that a...

Gold Prices Slip Ahead of Fed Meeting

Gold prices slipped on Monday in Asia ahead of a Federal Reserve meeting that is expected to shed more light on the outlook for U.S. interest rate hikes this year. Gold Futures were down 0.3% at $1,298.65 on the Comex division of the New York Mercantile Exchange by 11:39 PM ET (03:39 GMT). The Fed is due to announce its latest monetary policy decision on Wednesday. The central bank is widely expected to keep monetary policy unchanged at the end of its two-day policy meeting and policymakers...

Hong Kong stocks open on a positive note

Hong Kong stocks rose in the first few minutes of Monday following a healthy lead from Wall Street and with attention turning to the Federal Reserve's latest policy meeting this week. The Hang Seng Index gained 0.35 percent, or 100.18 points, to 29,112.44. The benchmark Shanghai Composite Index edged up 0.20 percent, or 6.05 points, to 3,027.80, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.34 percent, or 5.57 points, to 1,646.94. Source : AFP

Oil Holds Gain Above $71 After U.S. Crude, Fuel Inventories Drop
Thursday, 17 May 2018 08:06 WIB | ENERGY |MinyakBrentMinyak WTIOil,

Oil held gains above $71 a barrel after government data showed crude and fuel inventories in the U.S. fell ahead of the summer driving season.

Oil has extended a rally this month to the highest level in more than three years as escalating tensions in the Middle East raised concerns over supply disruptions. Even though the U.S. continues boosting crude production to record levels, the IEA said a global glut has been finally eliminated thanks to output cuts by the Organization of Petroleum Exporting Countries and its allies.

West Texas Intermediate crude for June delivery traded at $71.65 a barrel on the New York Mercantile Exchange, up 16 cents, at 8:36 a.m. Singapore time. The contract climbed 18 cents to $71.49 on Wednesday. Total volume traded was about 14 percent below the 100-day average.

Brent for July settlement fell 4 cents to $79.24 a barrel on the London-based ICE Futures Europe exchange, after adding 85 cents on Wednesday. The global benchmark crude traded at a $7.54 premium to WTI for July.

Source : Bloomberg

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POPULAR NEWS
Tokyo stocks open higher tracking gains in US shares

Tokyo stocks opened higher on Monday, tracking gains on Wall Street due to optimism over US-China trade talks, with investors closely eyeing the US Federal Reserve's meeting later this week. The Nikkei 225 index added 0.65 percent, or 139.64 points, to 21,590.49 in early trade, while the broader Topix index climbed 0.43 percent, or 6.82 points, to 1,609.45. Source : AFP

Asia Stocks Rise, Focus Back on Fed; Yields Steady: Markets Wrap

Stocks in Asia gained Monday after a positive finish to a strong week for U.S. stocks led global equities to a five-month high. Treasuries steadied. Shares in Sydney, Seoul and Tokyo advanced after the S&P 500 Index posted its best week since November. Treasuries held gains seen at the end of last week and the 10-year yield remained below 2.6 percent in the wake of soft economic data. The dollar as focus turned to the Federal Reserve, which will likely reinforce its policy-pause...

Dollar licks wounds after soft data fans bets on dovish Fed

The dollar licked its wounds on Monday after soft U.S. data increased bets the Federal Reserve will cut rates later this year while the pound hovered near nine-months high on hopes for a delay in Britain's exit from the European Union. The dollar's index against a basket of six major currencies stood at 96.564, having shed 0.81 percent last week, the biggest loss since late August. The British pound stood not far from last week™s nine-month high of $1.3380, supported by relief that a...

Gold Prices Slip Ahead of Fed Meeting

Gold prices slipped on Monday in Asia ahead of a Federal Reserve meeting that is expected to shed more light on the outlook for U.S. interest rate hikes this year. Gold Futures were down 0.3% at $1,298.65 on the Comex division of the New York Mercantile Exchange by 11:39 PM ET (03:39 GMT). The Fed is due to announce its latest monetary policy decision on Wednesday. The central bank is widely expected to keep monetary policy unchanged at the end of its two-day policy meeting and policymakers...

Hong Kong stocks open on a positive note

Hong Kong stocks rose in the first few minutes of Monday following a healthy lead from Wall Street and with attention turning to the Federal Reserve's latest policy meeting this week. The Hang Seng Index gained 0.35 percent, or 100.18 points, to 29,112.44. The benchmark Shanghai Composite Index edged up 0.20 percent, or 6.05 points, to 3,027.80, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.34 percent, or 5.57 points, to 1,646.94. Source : AFP

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