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POPULAR NEWS
Gold futures post a nearly 4% weekly gain

Gold futures rallied on Friday, posting a gain of 3.9% for the week and logging their highest most-active contract settlement since February 2013. "Gold has broken out of its historical shackles as a niche asset... and is on its way to much higher levels," said Peter Grosskopf, chief executive officer at Sprott, in emailed commentary. April gold rose $28.30, or nearly 1.8%, to settle at $1,648.80 an ounce. The weekly percentage climb was the largest since June, according to FactSet...

Hong Kong Stocks Close Lower on Virus Worries (Review)

Hong Kong stocks closed sharply lower Friday as the rising toll from the deadly coronavirus outside China fanned fears the epidemic's impact on earnings and economic growth could be worse than anticipated. The Hang Seng Index fell 1.1 percent, or 300.35 points, to 27,308.81. Mainland China's benchmark Shanghai Composite Index closed up 0.3 percent, or 9.52 points, to 3,039.67. The Shenzhen Composite Index, which tracks stocks on China's second exchange, was up 1.1 percent, or 21.21 points,...

Stocks end lower, post weekly loss, as coronavirus spread fans fears of global slowdown

Stocks ended broadly lower Friday, leaving major indexes with weekly losses. Analysts tied weakness to worries about the spread of COVID-19 outside China and the potential impact on global economic growth and supply chains. The Dow Jones Industrial Average fell around 227 points, or 0.8%, to end near 28,993, according to preliminary figures, while the S&P 500 lost around 36 points, or 1.1%, to finish near 3,338. The Nasdaq Composite dropped around 174 points, or 1.8%, ending near...

Pompeo Meets with New Oman Leader

U.S. Secretary of State Mike Pompeo arrived in Oman Friday for a meeting with the country's new ruler, Sultan Haitham bin Tariq Al Said. Pompeo will also pay homage to relatives of Sultan Qaboos bin Said, who died in January. Oman has close ties with Iran and Saudi Arabia, where Pompeo departed from earlier Friday after a three-day visit. Pompeo and Saudi King Salman discussed regional security issues presented by Iran Thursday in Riyadh. Pompeo also met with Saudi Crown Prince Mohammed bin...

European stocks close lower as coronavirus spread curbs sentiment; Pearson down 4.5%

European stocks closed lower on Friday afternoon, as investors monitored a raft of economic data and the latest developments in the coronavirus outbreak. The pan-European Stoxx 600 fluctuated for much of the day but closed 0.6% lower, taking cues from poor sentiment over on Wall Street. The spread of a new strain of coronavirus was the main focus for investors, as the number of cases and deaths grew. China™s National Health Commission said another 889 cases had been confirmed in the...

Yen Gains But Yuan, Aussie Dip as U.S.-China Trade War Escalates
Monday, 13 May 2019 07:25 WIB | CURRENCIES | YenDolar AS YuanSwissFrancAussieDolar

The safe-haven yen edged higher and the Chinese yuan and Australian dollar dipped early on Monday after the latest escalation in the trade war between the United States and China.

The world™s two biggest economies appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any œbitter fruit that harmed its interests.

The trade conflict had escalated on Friday, with the United States hiking tariffs on $200 billion worth of Chinese goods. China has vowed to retaliate but has not given details.

The dollar was 0.3 percent lower at 109.650 yen, near a three-month low of 109.470 brushed late last week.

The Chinese yuan weakened about 0.3 percent to 6.866 per dollar in offshore trade, its lowest in four months.

The Australian dollar shed 0.15 percent to $0.6990. The currency is sensitive to shifts in risk sentiment and also serves as a liquid proxy of trades related to China, the country™s largest trading partner.

The dollar lost 0.1 percent to 1.010 Swiss francs, a safe haven along with the yen, after going as low as 1.009 on Friday, its weakest in nearly a month.

Source : Reuters

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POPULAR NEWS
Gold futures post a nearly 4% weekly gain

Gold futures rallied on Friday, posting a gain of 3.9% for the week and logging their highest most-active contract settlement since February 2013. "Gold has broken out of its historical shackles as a niche asset... and is on its way to much higher levels," said Peter Grosskopf, chief executive officer at Sprott, in emailed commentary. April gold rose $28.30, or nearly 1.8%, to settle at $1,648.80 an ounce. The weekly percentage climb was the largest since June, according to FactSet...

Hong Kong Stocks Close Lower on Virus Worries (Review)

Hong Kong stocks closed sharply lower Friday as the rising toll from the deadly coronavirus outside China fanned fears the epidemic's impact on earnings and economic growth could be worse than anticipated. The Hang Seng Index fell 1.1 percent, or 300.35 points, to 27,308.81. Mainland China's benchmark Shanghai Composite Index closed up 0.3 percent, or 9.52 points, to 3,039.67. The Shenzhen Composite Index, which tracks stocks on China's second exchange, was up 1.1 percent, or 21.21 points,...

Stocks end lower, post weekly loss, as coronavirus spread fans fears of global slowdown

Stocks ended broadly lower Friday, leaving major indexes with weekly losses. Analysts tied weakness to worries about the spread of COVID-19 outside China and the potential impact on global economic growth and supply chains. The Dow Jones Industrial Average fell around 227 points, or 0.8%, to end near 28,993, according to preliminary figures, while the S&P 500 lost around 36 points, or 1.1%, to finish near 3,338. The Nasdaq Composite dropped around 174 points, or 1.8%, ending near...

Pompeo Meets with New Oman Leader

U.S. Secretary of State Mike Pompeo arrived in Oman Friday for a meeting with the country's new ruler, Sultan Haitham bin Tariq Al Said. Pompeo will also pay homage to relatives of Sultan Qaboos bin Said, who died in January. Oman has close ties with Iran and Saudi Arabia, where Pompeo departed from earlier Friday after a three-day visit. Pompeo and Saudi King Salman discussed regional security issues presented by Iran Thursday in Riyadh. Pompeo also met with Saudi Crown Prince Mohammed bin...

European stocks close lower as coronavirus spread curbs sentiment; Pearson down 4.5%

European stocks closed lower on Friday afternoon, as investors monitored a raft of economic data and the latest developments in the coronavirus outbreak. The pan-European Stoxx 600 fluctuated for much of the day but closed 0.6% lower, taking cues from poor sentiment over on Wall Street. The spread of a new strain of coronavirus was the main focus for investors, as the number of cases and deaths grew. China™s National Health Commission said another 889 cases had been confirmed in the...

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