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POPULAR NEWS
Gold Jumps as Investors Seek a Haven Amid Growing Virus Fears

Spot gold jumped as much as 1.1% to $1,588.68/oz as investors sought a haven amid growing fears over the spread of the coronavirus around the world. Trades 0.7% higher at $1,582.96 at 7:54am in Singapore; rose 0.9% last week. Stock futures and crude oil tumble as investors are spooked by the impact of the virus; Treasury futures climb. Source : Bloomberg

Oil Tumbles on Virus Fear While Saudis See 'Very Limited' Impact

Oil tumbled as the market opened in Asia on fears China's deadly coronavirus will crimp energy demand, prompting Saudi Arabia to say it was closely monitoring the situation. Futures in London and New York plunged more than 3% in early trading as the death toll from the outbreak in China rose and as officials extended the Lunar New Year holiday to help stem the spread of the outbreak. While Goldman Sachs Group Inc. predicted last week that global oil demand may take a hit, Saudi...

Tokyo's Nikkei opens down more than 2% on China virus fears

Tokyo's key Nikkei index dropped more than two percent at the open on Monday on concerns over the potential impact of a new coronavirus that has killed 80 people in China. The benchmark Nikkei 225 index lost 2.04 percent, or 486.13 points, to 23,341.05 in early trade, while the broader Topix index fell 1.84 percent, or 31.77 points, to 1,698.67. Source : AFP

Yen jumps, yuan slumps on worries China struggling to contain virus

The yen rose and the yuan fell in offshore trade on Monday as worries that China is struggling to contain the spread of a pneumonia-like virus sparked a bout of risk aversion. Japan's currency, often sought as a safe-haven in times of uncertainty, rose to the highest in almost three weeks versus the dollar, while the yuan fell to its lowest since Jan. 8. China's cabinet announced it will extend the Lunar New Year holidays to Feb. 2, to strengthen the prevention and control of the new...

Nikkei drops, tourism shares hit by China virus concerns

Japanese shares tumbled on Monday, with tourism-related stocks taking a fresh hit, on fears that a virus outbreak originating from China could be more deadly and harder to contain than initially thought. As of 01:55 GMT, the Nikkei share average was down 1.68% at 23,426.58, turning negative on the year, while the broader Topix lost 1.37% to 1,706.77. China's cabinet said it would extend the week-long Lunar New Year holiday by three days to Feb. 2 in a bid to contain the spread of the disease...

Oil Heads for Longest Weekly Rally Since 2015 on Supply Crunch
Friday, 26 April 2019 14:07 WIB | ENERGY |MinyakMinyak MentahMinyak Brent

Oil headed for its longest weekly winning streak in almost four years on the prospect of a supply crunch, although the gains are moderating as investors wait for OPEC's response to tighter U.S. sanctions on Iran.

West Texas Intermediate for June delivery fell 38 cents to $64.83 a barrel on the New York Mercantile Exchange at 11:27 a.m. in Singapore. The contract closed down 1 percent on Thursday and is up 84 cents this week. The last time WTI rallied for more than eight consecutive weeks was in May 2015.

Brent for June settlement was down 21 cents, or 0.3 percent, to $74.14 a barrel on the London-based ICE (NYSE:ICE) Futures Europe exchange. The contract rose to as high as $75.60 a barrel on Thursday before closing 0.3 percent lower. It's up 3 percent for the week, set for a fifth weekly gain. The global benchmark crude was at a premium of $9.30 to WTI.

Source : Bloomberg

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POPULAR NEWS
Gold Jumps as Investors Seek a Haven Amid Growing Virus Fears

Spot gold jumped as much as 1.1% to $1,588.68/oz as investors sought a haven amid growing fears over the spread of the coronavirus around the world. Trades 0.7% higher at $1,582.96 at 7:54am in Singapore; rose 0.9% last week. Stock futures and crude oil tumble as investors are spooked by the impact of the virus; Treasury futures climb. Source : Bloomberg

Oil Tumbles on Virus Fear While Saudis See 'Very Limited' Impact

Oil tumbled as the market opened in Asia on fears China's deadly coronavirus will crimp energy demand, prompting Saudi Arabia to say it was closely monitoring the situation. Futures in London and New York plunged more than 3% in early trading as the death toll from the outbreak in China rose and as officials extended the Lunar New Year holiday to help stem the spread of the outbreak. While Goldman Sachs Group Inc. predicted last week that global oil demand may take a hit, Saudi...

Tokyo's Nikkei opens down more than 2% on China virus fears

Tokyo's key Nikkei index dropped more than two percent at the open on Monday on concerns over the potential impact of a new coronavirus that has killed 80 people in China. The benchmark Nikkei 225 index lost 2.04 percent, or 486.13 points, to 23,341.05 in early trade, while the broader Topix index fell 1.84 percent, or 31.77 points, to 1,698.67. Source : AFP

Yen jumps, yuan slumps on worries China struggling to contain virus

The yen rose and the yuan fell in offshore trade on Monday as worries that China is struggling to contain the spread of a pneumonia-like virus sparked a bout of risk aversion. Japan's currency, often sought as a safe-haven in times of uncertainty, rose to the highest in almost three weeks versus the dollar, while the yuan fell to its lowest since Jan. 8. China's cabinet announced it will extend the Lunar New Year holidays to Feb. 2, to strengthen the prevention and control of the new...

Nikkei drops, tourism shares hit by China virus concerns

Japanese shares tumbled on Monday, with tourism-related stocks taking a fresh hit, on fears that a virus outbreak originating from China could be more deadly and harder to contain than initially thought. As of 01:55 GMT, the Nikkei share average was down 1.68% at 23,426.58, turning negative on the year, while the broader Topix lost 1.37% to 1,706.77. China's cabinet said it would extend the week-long Lunar New Year holiday by three days to Feb. 2 in a bid to contain the spread of the disease...

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