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POPULAR NEWS
Hong Kong Stocks Close Flat, Ending Tough Week

Hong Kong shares finished barely moved Friday, bringing an end to a tumultuous week that has seen the city crippled by violent protests, which show no sign of abating. The Hang Seng Index inched up 2.97 points to 26,326.66. The benchmark Shanghai Composite Index lost 0.64 percent, or 18.53 points, to 2,891.34 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, dived 1.13 percent, or 18.43 points, to 1,605.70. Source : AFP

Dollar Flat After Powell Plays Down Further Cuts

The dollar was mostly flat in early trade in Europe on Friday amid a lull in news ahead of more U.S. economic data later in the day. The greenback is on course for a modest loss of around 0.2% this week, drifting as the world waits for China and the U.S. tie up an elusive trade truce. The threat of a Chinese crackdown on unrest in Hong Kong is also keeping markets on edge. President Xi Jinping urged the city™s chief executive Carrie Lam to clamp down on protests on late on Thursday, urging...

Gold futures fall for the session, gain 0.4% for the week

Gold futures declined on Friday, as optimism that phase one of a U.S.-China trade deal will soon be reached, and strength in the U.S. stock market dulled haven demand for the metal. For the week, however, gold tacked on 0.4%. "Despite this recent bout of counterintuitive losses, gold looks strong both technically and, more importantly, from a fundamental point of view," said Mark O'Byrne, research director at GoldCore. "From a technical point of view, gold looks very bullish with a series of...

Gold Edges Lower as Trade Deal Hopes Dent Haven Appeal

Gold futures trade lower Friday, halting a rebound after upbeat comments on the outlook for a œphase one trade deal between the U.S. and China robbed the metal of its haven appeal. Gold for December delivery on Comex was off $5.30, or 0.4%, at $1,468.10 an ounce, while December silver declined 14.3 cents, or 0.8%, to $16.885 an ounce. Analysts tied weakness to remarks by White House economic adviser Larry Kudlow late Thursday, which stoked optimism for a deal without providing much in...

European Stocks Open Higher On US-China Trade Deal Hopes

European stocks opened higher Friday morning as traders digest optimistic sounds out of the White House on a prospective trade deal between the U.S. and China. The pan-European Stoxx 600 jumped 0.5% at 404.41 at the opening bell, with basic resources climbing 1.6% to lead gains as all sectors and major bourses traded in positive territory. White House economic adviser Larry Kudlow claimed on Thursday that phase one of a trade deal between the world™s two largest economies was œgetting...

U.S. Oil Settles Higher, Carves Out Nearly 3 1/2-Month Peak as China Tariff Talks Progress
Saturday, 23 February 2019 03:14 WIB | ENERGY |Minyak WTIOil,Crude Oil

Crude-oil futures rallied Friday to a high of more than three months, with gains padding the commodity's weekly advance, as U.S. equities and other assets found traction against the backdrop of upbeat U.S.-China trade talks.

April West Texas Intermediate crude gained 30 cents, or 0.5%, to finish at $57.26 a barrel, marking its highest finish since Nov. 12, according to FactSet data. For the week, WTI booked a roughly 3% gain. The oil market had finished lower Thursday after a U.S. government report revealed that domestic supplies climbed for a fifth straight week as production jumped to a record level, but ongoing evidence of declines in world-wide output capped price losses for the session.

On Friday, for example, Baker Hughes weekly rig-count data showed the rigs drilling for oil edged back by four to 853. News reports said President Donald Trump would meet with China's top trade negotiator, Vice Premier Liu He, which has underscored optimism that a deal between China and the U.S. will strike a trade deal soon. China is a big importer of oil and its tiff on tariffs with Washington has been a drag on the commodity until recent signs of progress on talks emerged.

Source : Marketwatch

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POPULAR NEWS
Hong Kong Stocks Close Flat, Ending Tough Week

Hong Kong shares finished barely moved Friday, bringing an end to a tumultuous week that has seen the city crippled by violent protests, which show no sign of abating. The Hang Seng Index inched up 2.97 points to 26,326.66. The benchmark Shanghai Composite Index lost 0.64 percent, or 18.53 points, to 2,891.34 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, dived 1.13 percent, or 18.43 points, to 1,605.70. Source : AFP

Dollar Flat After Powell Plays Down Further Cuts

The dollar was mostly flat in early trade in Europe on Friday amid a lull in news ahead of more U.S. economic data later in the day. The greenback is on course for a modest loss of around 0.2% this week, drifting as the world waits for China and the U.S. tie up an elusive trade truce. The threat of a Chinese crackdown on unrest in Hong Kong is also keeping markets on edge. President Xi Jinping urged the city™s chief executive Carrie Lam to clamp down on protests on late on Thursday, urging...

Gold futures fall for the session, gain 0.4% for the week

Gold futures declined on Friday, as optimism that phase one of a U.S.-China trade deal will soon be reached, and strength in the U.S. stock market dulled haven demand for the metal. For the week, however, gold tacked on 0.4%. "Despite this recent bout of counterintuitive losses, gold looks strong both technically and, more importantly, from a fundamental point of view," said Mark O'Byrne, research director at GoldCore. "From a technical point of view, gold looks very bullish with a series of...

Gold Edges Lower as Trade Deal Hopes Dent Haven Appeal

Gold futures trade lower Friday, halting a rebound after upbeat comments on the outlook for a œphase one trade deal between the U.S. and China robbed the metal of its haven appeal. Gold for December delivery on Comex was off $5.30, or 0.4%, at $1,468.10 an ounce, while December silver declined 14.3 cents, or 0.8%, to $16.885 an ounce. Analysts tied weakness to remarks by White House economic adviser Larry Kudlow late Thursday, which stoked optimism for a deal without providing much in...

European Stocks Open Higher On US-China Trade Deal Hopes

European stocks opened higher Friday morning as traders digest optimistic sounds out of the White House on a prospective trade deal between the U.S. and China. The pan-European Stoxx 600 jumped 0.5% at 404.41 at the opening bell, with basic resources climbing 1.6% to lead gains as all sectors and major bourses traded in positive territory. White House economic adviser Larry Kudlow claimed on Thursday that phase one of a trade deal between the world™s two largest economies was œgetting...

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