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POPULAR NEWS
Gold Ends Higher after U.S. Jobs Report, but Posts a Loss for The Week

Gold futures ended higher on Friday after a report on U.S. employment in March indicated that the damage from coronavirus related business shutdowns is already having a big impact on the labor market. For the week, however, prices posted a modest decline. "Gold's upside price bias has been restrained by the deflation scare running through financial markets, said Michael Kosares, founder of USAGOLD. June gold on Comex rose $8, or 0.5%, to settle at $1,645.70 an ounce. It tacked on 2.9% on...

Hong Kong Stocks Head Into Weekend With a Loss (Review)

Hong Kong shares finished Friday with losses, in line with an Asia-wide sell-off, after data showed a massive 6.7 million Americans last week applied for unemployment benefits as the coronavirus shatters the global economy. The Hang Seng Index fell 0.19 percent, or 43.95 points, to 23,236.11. The benchmark Shanghai Composite Index dropped 0.60 percent, or 16.65 points, to 2,763.99, and the Shenzhen Composite Index on China's second exchange fell 0.47 percent, or 7.98 points, to...

Wall Street Falls as Coronavirus Ends Record Job Growth

Wall Street's main indexes fell on Friday as the longest period of employment growth on record in the United States came to an abrupt end, with data showing that hundreds of thousands of people lost their jobs last month due to the coronavirus. The Labor Department's report confirmed that a recession was underway as business activity came to a standstill, but investors fear it did not reflect the full extent of the economic pain as the survey considered data until mid-March. With the S&P...

European Markets Close Lower as The Euro Zone Business Activity Plunges to Record Low

European markets closed lower on Friday, bringing an end to another rocky week of trading amid the deepening coronavirus crisis. The pan-European Stoxx 600 ended down almost 1% at 309.06, with oil and gas stocks sliding 4.6% to lead losses, while healthcare stocks bucked the trend to climb 0.8%. Friday saw a slew of harrowing March PMI (purchasing managers' index) data out of the euro zone, as the economic impact of shutdowns necessitated by the pandemic continues to deepen. The number of...

Global Coronavirus Death Toll Tops 50,000

The coronavirus pandemic has hit a grim milestone of 1 million confirmed cases. The count by Johns Hopkins University says more than one-fourth, or 236,000 of the cases, are in the United States. The worldwide death toll stands at 51,500. Italy reported the most fatalities with more than 13,000 and climbing daily. Around the globe, the impact of the coronavirus wreaked havoc on national and local governments trying to rush medical equipment to hospitals, along with workers who have been...

Oil hits six-week high on hopes of extended OPEC output cuts
Tuesday, 10 September 2019 13:11 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent

Oil futures hit a six-week high on Tuesday, rising for a fifth day on optimism that OPEC and other countries may agree to extend production cuts in a bid to support prices.

Brent (LCOc1) was up 26 cents, or 0.4%, at $62.85 a barrel by 03:49 GMT, while U.S. crude (CLc1) was 27 cents, or 0.5%, higher at $58.12 a barrel. Brent touched its highest since Aug. 1, while U.S. crude rose to the highest since July 31.

U.S. oil gained more than 2% on Monday, while Brent finished the day 1.7% higher as the market reacted to the appointment by Saudi Arabia's king of his son, Prince Abdulaziz bin Salman, as energy minister on Sunday.

Prince Abdulaziz, a long-time member of the Saudi delegation to the Organization of the Petroleum Exporting Countries (OPEC), said the pillars of Saudi Arabia's policy would not change and a global deal to cut oil production by 1.2 million barrels per day would be maintained.

Source : Reuters

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POPULAR NEWS
Gold Ends Higher after U.S. Jobs Report, but Posts a Loss for The Week

Gold futures ended higher on Friday after a report on U.S. employment in March indicated that the damage from coronavirus related business shutdowns is already having a big impact on the labor market. For the week, however, prices posted a modest decline. "Gold's upside price bias has been restrained by the deflation scare running through financial markets, said Michael Kosares, founder of USAGOLD. June gold on Comex rose $8, or 0.5%, to settle at $1,645.70 an ounce. It tacked on 2.9% on...

Hong Kong Stocks Head Into Weekend With a Loss (Review)

Hong Kong shares finished Friday with losses, in line with an Asia-wide sell-off, after data showed a massive 6.7 million Americans last week applied for unemployment benefits as the coronavirus shatters the global economy. The Hang Seng Index fell 0.19 percent, or 43.95 points, to 23,236.11. The benchmark Shanghai Composite Index dropped 0.60 percent, or 16.65 points, to 2,763.99, and the Shenzhen Composite Index on China's second exchange fell 0.47 percent, or 7.98 points, to...

Wall Street Falls as Coronavirus Ends Record Job Growth

Wall Street's main indexes fell on Friday as the longest period of employment growth on record in the United States came to an abrupt end, with data showing that hundreds of thousands of people lost their jobs last month due to the coronavirus. The Labor Department's report confirmed that a recession was underway as business activity came to a standstill, but investors fear it did not reflect the full extent of the economic pain as the survey considered data until mid-March. With the S&P...

European Markets Close Lower as The Euro Zone Business Activity Plunges to Record Low

European markets closed lower on Friday, bringing an end to another rocky week of trading amid the deepening coronavirus crisis. The pan-European Stoxx 600 ended down almost 1% at 309.06, with oil and gas stocks sliding 4.6% to lead losses, while healthcare stocks bucked the trend to climb 0.8%. Friday saw a slew of harrowing March PMI (purchasing managers' index) data out of the euro zone, as the economic impact of shutdowns necessitated by the pandemic continues to deepen. The number of...

Global Coronavirus Death Toll Tops 50,000

The coronavirus pandemic has hit a grim milestone of 1 million confirmed cases. The count by Johns Hopkins University says more than one-fourth, or 236,000 of the cases, are in the United States. The worldwide death toll stands at 51,500. Italy reported the most fatalities with more than 13,000 and climbing daily. Around the globe, the impact of the coronavirus wreaked havoc on national and local governments trying to rush medical equipment to hospitals, along with workers who have been...

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