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POPULAR NEWS
Gold futures finish at their highest in more than 2 weeks

Gold futures settled at a more than two-week high on Thursday, as worries surrounding the spread of the coronavirus led to weakness in the U.S. stock market and a fall in bond yields, lifting the haven appeal of the precious metal. "Appetite towards the precious metal should remain supported by growing fears over the coronavirus outbreak in China," said Lukman Otunuga, senior research analyst at FXTM. "The general uncertainty is likely to accelerate the flight to safety with gold seen testing...

Hong Kong Stocks Bounce After Sell-Off (Review)

Hong Kong shares recovered some of the previous day's sharp losses on bargain-buying Wednesday but traders remain on edge as they await developments linked to the deadly SARS -like virus that has spread from China. The Hang Seng index climbed 1.27 percent, or 355.71 points, to close at 28,341.04. The benchmark Shanghai Composite Index rose 0.28 percent, or 8.61 points, to 3,060.75 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.72 percent, or 13.07...

Gold Gains as Virus Concerns Weigh on Risk Appetite

Gold advanced as risk aversion returned to markets amid ongoing efforts to control the widening coronavirus outbreak. Chinese officials halted travel from a city of 11 million as they try to stop the spread of the new SARS-like virus, while the World Health Organization delayed a decision on whether to declare the outbreak an international emergency. The coronavirus, which first appeared last month in Wuhan in central China, has killed at least 17 people and infected...

Gold Dips on Profit-Taking, Rate Expectations Cap Losses

Gold eased on Thursday as investors booked profits from recent rallies but held above the $1,550 technical support level on continuing low interest rates and a drop in risk appetite. Spot gold was down 0.3% at $1,554.24 an ounce. U.S. gold futures fell 0.2% to $1,553.80. Gold broke above the psychological barrier of $1,500 an ounce in late December on uncertainty surrounding the U.S.-China trade deal and the global economy. Bullion climbed further to a near-seven-year peak of $1,610.90 on...

Hong Kong Stocks Sharply Down on Virus Fears (Review)

Hong Kong equities closed sharply lower on Thursday as investors took flight over the deadly SARS -like virus that has spread from China. The Hang Seng Index fell 1.52 percent, or 431.92 points, to end at 27,909.12. The benchmark Shanghai Composite Index losing 2.75 percent, or 84.23 points, to close at 2,976.53, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, tumbled 3.45 percent, or 62.79 points, to 1,756.82 at the finish. Source : AFP

Oil Poised for Weekly Gain on Trade Deal Optimism And OPEC+ Cuts
Friday, 22 February 2019 08:21 WIB | ENERGY |MinyakWTIBrentOil,

Oil is poised for a second weekly advance on growing optimism over a trade deal between the U.S. and China as investors assessed the OPEC+ coalition's output cuts against surging American supply.

WTI for April delivery trades at $56.91/bbl on Nymex, down 5c, at 9:13am in Tokyo. Contract -20c to $56.96 on Thursday.

April Brent fell 1c to $67.07/bbl on ICE Futures Europe exchange Thursday. Brent ended session at $10.11 premium to WTI for the same month.

Source : Bloomberg

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POPULAR NEWS
Gold futures finish at their highest in more than 2 weeks

Gold futures settled at a more than two-week high on Thursday, as worries surrounding the spread of the coronavirus led to weakness in the U.S. stock market and a fall in bond yields, lifting the haven appeal of the precious metal. "Appetite towards the precious metal should remain supported by growing fears over the coronavirus outbreak in China," said Lukman Otunuga, senior research analyst at FXTM. "The general uncertainty is likely to accelerate the flight to safety with gold seen testing...

Hong Kong Stocks Bounce After Sell-Off (Review)

Hong Kong shares recovered some of the previous day's sharp losses on bargain-buying Wednesday but traders remain on edge as they await developments linked to the deadly SARS -like virus that has spread from China. The Hang Seng index climbed 1.27 percent, or 355.71 points, to close at 28,341.04. The benchmark Shanghai Composite Index rose 0.28 percent, or 8.61 points, to 3,060.75 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.72 percent, or 13.07...

Gold Gains as Virus Concerns Weigh on Risk Appetite

Gold advanced as risk aversion returned to markets amid ongoing efforts to control the widening coronavirus outbreak. Chinese officials halted travel from a city of 11 million as they try to stop the spread of the new SARS-like virus, while the World Health Organization delayed a decision on whether to declare the outbreak an international emergency. The coronavirus, which first appeared last month in Wuhan in central China, has killed at least 17 people and infected...

Gold Dips on Profit-Taking, Rate Expectations Cap Losses

Gold eased on Thursday as investors booked profits from recent rallies but held above the $1,550 technical support level on continuing low interest rates and a drop in risk appetite. Spot gold was down 0.3% at $1,554.24 an ounce. U.S. gold futures fell 0.2% to $1,553.80. Gold broke above the psychological barrier of $1,500 an ounce in late December on uncertainty surrounding the U.S.-China trade deal and the global economy. Bullion climbed further to a near-seven-year peak of $1,610.90 on...

Hong Kong Stocks Sharply Down on Virus Fears (Review)

Hong Kong equities closed sharply lower on Thursday as investors took flight over the deadly SARS -like virus that has spread from China. The Hang Seng Index fell 1.52 percent, or 431.92 points, to end at 27,909.12. The benchmark Shanghai Composite Index losing 2.75 percent, or 84.23 points, to close at 2,976.53, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, tumbled 3.45 percent, or 62.79 points, to 1,756.82 at the finish. Source : AFP

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