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POPULAR NEWS
Gold Prices Flat; Traders Looking for Next Catalyst

Gold is flat in early Asian trade. Traders are most likely looking for the next catalyst that will lift gold prices, AxiTrader says. Meanwhile, gold is likely to remain supported by recent weak global economic data and risks related to U.S.-China trade tensions in the near term, it says. Spot gold is flat at $1,490.57/oz. Source : Bloomberg

Asian Share Markets Cautious, Pound Stumbles on Brexit Drama

Asian stocks were steady in a cautious start to the week on Monday, while the British pound fell following a delay to a crucial vote on Britain's divorce from the European Union. MSCI's broadest index of Asia-Pacific shares outside Japan were flat, with Australian shares off down 0.3%. Japan's Nikkei rose 0.13%. The Brexit maelstrom, worries over slowing global growth and international trade frictions have kept investors on edge over recent months. Oil futures fell as lingering economic...

Oil Prices Dip on Weak Demand Outlook, Supply Concerns

Oil prices eased on Monday amid persistent concerns about the global economic outlook and the impact on oil demand, while Russia again missed its target to cut oil output last month. Global benchmark Brent crude oil futures fell by 10 cents, or 0.2%, to $59.32 a barrel by 01:08 GMT. U.S. crude oil futures were down by 9 cents, or 0.2%, to $53.69. The Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil producers, an alliance known as OPEC+, agreed in December to...

Hong Kong: Stocks Rise in Opening Trade

Hong Kong stocks started Monday with small gains after China's top negotiator hailed "substantial progress" in pushing through a partial trade deal with the United States. The Hang Seng Index added 0.08 per cent, or 21.84 points, to 26,741.42. The benchmark Shanghai Composite Index edged down 0.14 per cent, or 4.24 points, to 2,933.90 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, was marginally higher, gaining 0.63 points to 1,616.09. Source : AFP

Tokyo Stocks Open Higher

Tokyo stocks opened higher on Monday after British Prime Minister Boris Johnson's latest failure to break the Brexit deadlock, with eyes shifting to Japanese corporate earnings season starting this week. The benchmark Nikkei 225 index was up 0.25 percent, or 55.82 points, at 22,548.50 in early trade, while the broader Topix index was rose 0.28 percent, or 4.58 points, to 1,626.57. Source : AFP

U.S. Oil Futures Settle With a Loss of Nearly 6%
Wednesday, 18 September 2019 01:53 WIB | ENERGY |Minyak WTIOil,Crude Oil

Oil futures declined Tuesday, with U.S. prices losing nearly 6%. The move follows news that Saudi Arabia's energy minister Prince Abdulaziz bin Salman said the kingdom has restored 50% of its production lost in the weekend attacks on its oil facilities and plans to see its output return to normal by the end of this month, according to The Wall Street Journal.

With capacity of 11 million barrels a day to be restored by end-September, "there will be minimal disruption to global supply," wrote Caroline Bain, chief commodities economist at Capital Economics, in a note. "That said, there remain some important questions to be answered about the attacks, which may mean that we will have to consider a permanently higher risk premium in our price forecasts," she said.

October West Texas Intermediate oil fell $3.56, or 5.7%, to settle at $59.34 a barrel on the New York Mercantile Exchange. It rose nearly 15% Monday to settle at $62.90, the highest finish for a front-month contract since May 21, according to FactSet data.

Source : Marketwatch

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POPULAR NEWS
Gold Prices Flat; Traders Looking for Next Catalyst

Gold is flat in early Asian trade. Traders are most likely looking for the next catalyst that will lift gold prices, AxiTrader says. Meanwhile, gold is likely to remain supported by recent weak global economic data and risks related to U.S.-China trade tensions in the near term, it says. Spot gold is flat at $1,490.57/oz. Source : Bloomberg

Asian Share Markets Cautious, Pound Stumbles on Brexit Drama

Asian stocks were steady in a cautious start to the week on Monday, while the British pound fell following a delay to a crucial vote on Britain's divorce from the European Union. MSCI's broadest index of Asia-Pacific shares outside Japan were flat, with Australian shares off down 0.3%. Japan's Nikkei rose 0.13%. The Brexit maelstrom, worries over slowing global growth and international trade frictions have kept investors on edge over recent months. Oil futures fell as lingering economic...

Oil Prices Dip on Weak Demand Outlook, Supply Concerns

Oil prices eased on Monday amid persistent concerns about the global economic outlook and the impact on oil demand, while Russia again missed its target to cut oil output last month. Global benchmark Brent crude oil futures fell by 10 cents, or 0.2%, to $59.32 a barrel by 01:08 GMT. U.S. crude oil futures were down by 9 cents, or 0.2%, to $53.69. The Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil producers, an alliance known as OPEC+, agreed in December to...

Hong Kong: Stocks Rise in Opening Trade

Hong Kong stocks started Monday with small gains after China's top negotiator hailed "substantial progress" in pushing through a partial trade deal with the United States. The Hang Seng Index added 0.08 per cent, or 21.84 points, to 26,741.42. The benchmark Shanghai Composite Index edged down 0.14 per cent, or 4.24 points, to 2,933.90 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, was marginally higher, gaining 0.63 points to 1,616.09. Source : AFP

Tokyo Stocks Open Higher

Tokyo stocks opened higher on Monday after British Prime Minister Boris Johnson's latest failure to break the Brexit deadlock, with eyes shifting to Japanese corporate earnings season starting this week. The benchmark Nikkei 225 index was up 0.25 percent, or 55.82 points, at 22,548.50 in early trade, while the broader Topix index was rose 0.28 percent, or 4.58 points, to 1,626.57. Source : AFP

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