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POPULAR NEWS
Dow Futures Surge Over 100 Points

U.S. stock futures climbed Friday, building on gains in the prior session amid signs of an increased appetite for perceived riskier assets such as equities. Dow futures rose 160 points, or 0.7%, to 25,175, while S&P 500 futures gained 14.5 points, or 0.5%, to 2,726. Nasdaq 100 futures rose 32.50 points, or 0.5%, to 6,820.50. The Dow and S&P 500 closed higher on Thursday, inspired by upbeat labor-market data and after St. Louis Federal Reserve President James Bullard tried to cool...

Asian Shares Advance as Japan Stocks Break Three-Day Decline

Asian equities rose, set for a second week of gains, as Japanese shares halted a three-day losing streak and South Korean stocks advanced the most in more than four months. Shares in Hong Kong rebounded from the worst loss in almost two weeks. The MSCI Asia Pacific Index added 1 percent to 177.76 as of 4:18 p.m. in Hong Kong, erasing a weekly decline as energy stocks led the advance. Jitters over the outlook for equities abated as investors digested the prospect of higher...

Hong Kong Stocks Rise as Sentiment Recovers After Recent Rout

Hong Kong stocks rose on Friday, capping a holiday-shortened trading week, as main indexes managed to recover much of the damage done during the recent rout. The Hang Seng index rose 1.0 percent, to 31,267.17, while the China Enterprises Index gained 1.7 percent, to 12,735.06. The sub-index of the Hang Seng tracking energy shares rose 2.2 percent, while the IT sector rose 1.32 percent, the financial sector was 0.91 percent higher and the property sector rose 1.47 percent. The top gainer on...

UK Police Investigating Package Sent to Harry and Meghan

London police say they are investigating a suspicious package that was sent to Prince Harry and his fiancee Meghan Markle. The Metropolitan Police force says "a package containing a substance" was delivered to St. James's Palace, where Harry has his office, on Feb. 12. It says the substance "was tested and confirmed as non-suspicious." The force said Thursday that detectives are investigating an offense of malicious communication in relation to the package. The Evening Standard newspaper...

Gold on Track For Biggest Weekly Drop This Year

Gold was marginally lower Friday as it headed for its biggest weekly decline so far this year as the dollar stabilized. April gold fell 40 cents, or less than 0.1%, to $1,332.30 an ounce, and March silver lost 1 cent, or less than 0.1%, to $16.580 an ounce. The silver-focused exchange-traded iShares Silver Trust and the gold ETF, the SPDR Gold Shares both eased in premarket action. Gold futures head toward a weekly retreat of roughly 1.8%, according to FactSet, a move largely set in motion...

Australia Holds Rate for Record 16th Meeting Amid Currency Gains
Tuesday, 6 February 2018 11:06 WIB | FISCAL & MONETARY |RBA

Australia's central bank left interest rates unchanged for a record 16th meeting as a resurgent currency threatens to hurt exporters and further compress inflation.

Reserve Bank of Australia chief Philip Lowe kept the cash rate unchanged at 1.5 percent Tuesday -- in line with market pricing and economists™ forecasts. The governor is cutting an increasingly isolated figure in the developed world as counterparts either consider or start to remove stimulus in response to an upswing in global economic growth.

œThe low level of interest rates is continuing to support the Australian economy, Lowe said in a statement. œFurther progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual.

The Australian dollar traded at 78.62 U.S. cents at 2:36 p.m. from 78.72 prior to the release.

The RBA board, facing recession-level wage rises and record household debt, has sought to be a stabilizing force as the economy adjusts to a services-driven expansion. That™s shown signs of success as firms have begun investing and boosting hiring. But the currency™s 5 percent rebound since early December is a potential hurdle to returning growth to average and inflation to target.

œWe continue to see a more challenging year ahead for the Australian consumer and another sub-par year for wider economic growth, Matthew Hassan, a senior economist at Westpac Banking Corp., said ahead of the decision. œPolicy will remain firmly on hold.

Source: Bloomberg

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POPULAR NEWS
Dow Futures Surge Over 100 Points

U.S. stock futures climbed Friday, building on gains in the prior session amid signs of an increased appetite for perceived riskier assets such as equities. Dow futures rose 160 points, or 0.7%, to 25,175, while S&P 500 futures gained 14.5 points, or 0.5%, to 2,726. Nasdaq 100 futures rose 32.50 points, or 0.5%, to 6,820.50. The Dow and S&P 500 closed higher on Thursday, inspired by upbeat labor-market data and after St. Louis Federal Reserve President James Bullard tried to cool...

Asian Shares Advance as Japan Stocks Break Three-Day Decline

Asian equities rose, set for a second week of gains, as Japanese shares halted a three-day losing streak and South Korean stocks advanced the most in more than four months. Shares in Hong Kong rebounded from the worst loss in almost two weeks. The MSCI Asia Pacific Index added 1 percent to 177.76 as of 4:18 p.m. in Hong Kong, erasing a weekly decline as energy stocks led the advance. Jitters over the outlook for equities abated as investors digested the prospect of higher...

Hong Kong Stocks Rise as Sentiment Recovers After Recent Rout

Hong Kong stocks rose on Friday, capping a holiday-shortened trading week, as main indexes managed to recover much of the damage done during the recent rout. The Hang Seng index rose 1.0 percent, to 31,267.17, while the China Enterprises Index gained 1.7 percent, to 12,735.06. The sub-index of the Hang Seng tracking energy shares rose 2.2 percent, while the IT sector rose 1.32 percent, the financial sector was 0.91 percent higher and the property sector rose 1.47 percent. The top gainer on...

UK Police Investigating Package Sent to Harry and Meghan

London police say they are investigating a suspicious package that was sent to Prince Harry and his fiancee Meghan Markle. The Metropolitan Police force says "a package containing a substance" was delivered to St. James's Palace, where Harry has his office, on Feb. 12. It says the substance "was tested and confirmed as non-suspicious." The force said Thursday that detectives are investigating an offense of malicious communication in relation to the package. The Evening Standard newspaper...

Gold on Track For Biggest Weekly Drop This Year

Gold was marginally lower Friday as it headed for its biggest weekly decline so far this year as the dollar stabilized. April gold fell 40 cents, or less than 0.1%, to $1,332.30 an ounce, and March silver lost 1 cent, or less than 0.1%, to $16.580 an ounce. The silver-focused exchange-traded iShares Silver Trust and the gold ETF, the SPDR Gold Shares both eased in premarket action. Gold futures head toward a weekly retreat of roughly 1.8%, according to FactSet, a move largely set in motion...

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