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POPULAR NEWS
Gold prices finish lower as some upbeat economic data dull haven demand

Gold futures gave up earlier gains to finish lower on Thursday, as some upbeat U.S. economic data dulled haven demand for the precious metal. Prices also declined on the back of further gains in U.S. benchmark stock indexes, which followed the completion Wednesday of the first stage in a trade pact between the U.S. and China and the Senate approval of the U.S.-Mexico-Canada trade agreement on Thursday. Gold for February delivery on Comex declined by $3.50, or 0.2%, to settle at $1,550.50 an...

Gold Prices Aim for Back-to-Back Gain as Dollar and Bond Yields Retreat

Gold futures on Thursday headed for their highest close in about a week, extending a climb from Wednesday following the completion of the first stage in a trade pact between the U.S. and China. Gold for February delivery on Comex edged up $3.30, or 0.2%, at $1,556.80 an ounce, after the metal settled 0.6% higher a day ago. Gold is on pace for its best gain since Jan. 10, according to FactSet data. March silver, meanwhile, picked up 4 cents, or 0.2%, at $18.025 an ounce, after gold™s sister...

Oil futures end higher as U.S. trade deals raise expectations for energy demand

Oil futures ended higher on Thursday, with prices bouncing back after settling a day earlier at their lowest level since December. The U.S. and China made the first phase of their trade deal official on Wednesday and the Senate approved the U.S.-Mexico-Canada Agreement on Thursday, boosting prospects for U.S. energy demand. February West Texas Intermediate oil tacked on 71 cents, or 1.2%, to settle at $58.52 barrel on the New York Mercantile Exchange. Source: Marketwatch

Hong Kong Stocks Finish with Gains (Review)

Hong Kong stocks closed Thursday on a positive note, having fluctuated through the day after China and the United States finally signed their trade deal, with investors poring over the details. The Hang Seng index added 0.38 percent, or 109.45 points, to close at 28,883.04. The benchmark Shanghai Composite Index lost 0.52 percent, or 15.96 points, to 3,074.08 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, eased 0.15 percent, or 2.64 points, to...

Dollar Calm; Focus on Emerging Central Banks

The U.S. dollar is largely unchanged in European trade early Thursday, as a degree of calm prevails following the signing of the Sino-U.S. trade deal. At 03:25 ET (08:25 GMT), the euro traded at $1.1155, up 0.1%, while sterling stood at $1.3046, up 0.1%. The dollar traded at 110.05 yen, up 0.1%. The dollar index, which tracks the greenback against a basket of developed market currencies, was down 0.1% at 96.910. That signing of the much-anticipated phase one trade agreement between the U.S....

ECB pushes out rate hike, offers cheap cash to banks
Thursday, 7 March 2019 22:20 WIB | FISCAL & MONETARY |EropaBank Sentral Eropa ECB

The European Central Bank changed tack on its tightening plan on Thursday, pushing out the timing of its first post-crisis rate hike until 2020 at the earliest and offering banks a new round of cheap loans to help revive the euro zone economy.

The bolder-than-expected move came as the U.S. Federal Reserve and other central banks around the world are also holding back on rate hikes. It underlined how a global trade war, Brexit uncertainty and simmering debt concerns in Italy are taking their toll on economic growth across Europe.

Whereas the bank had previously said rates would remain at their record low levels through the summer, it said it now expected them to stay there œat least through the end of 2019.

The ECB now sees euro zone growth at barely 1.1 percent this year, compared to the 1.7 percent it projected in December.

In addition, it launched a third Targeted Long-Term Refinancing Operation (TLTRO III) consisting of two-year loans partly aimed at helping banks roll over 720 billion euros in existing TLTROs and so avoiding a credit squeeze that could exacerbate the economic slowdown.

Commercial banks have already started restricting credit in the face of falling industrial output and exports.

As reported by Reuters, the new loans will carry a floating rate tied to the ECB™s main refinancing operation, currently set at zero.

Source: Reuters

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POPULAR NEWS
Gold prices finish lower as some upbeat economic data dull haven demand

Gold futures gave up earlier gains to finish lower on Thursday, as some upbeat U.S. economic data dulled haven demand for the precious metal. Prices also declined on the back of further gains in U.S. benchmark stock indexes, which followed the completion Wednesday of the first stage in a trade pact between the U.S. and China and the Senate approval of the U.S.-Mexico-Canada trade agreement on Thursday. Gold for February delivery on Comex declined by $3.50, or 0.2%, to settle at $1,550.50 an...

Gold Prices Aim for Back-to-Back Gain as Dollar and Bond Yields Retreat

Gold futures on Thursday headed for their highest close in about a week, extending a climb from Wednesday following the completion of the first stage in a trade pact between the U.S. and China. Gold for February delivery on Comex edged up $3.30, or 0.2%, at $1,556.80 an ounce, after the metal settled 0.6% higher a day ago. Gold is on pace for its best gain since Jan. 10, according to FactSet data. March silver, meanwhile, picked up 4 cents, or 0.2%, at $18.025 an ounce, after gold™s sister...

Oil futures end higher as U.S. trade deals raise expectations for energy demand

Oil futures ended higher on Thursday, with prices bouncing back after settling a day earlier at their lowest level since December. The U.S. and China made the first phase of their trade deal official on Wednesday and the Senate approved the U.S.-Mexico-Canada Agreement on Thursday, boosting prospects for U.S. energy demand. February West Texas Intermediate oil tacked on 71 cents, or 1.2%, to settle at $58.52 barrel on the New York Mercantile Exchange. Source: Marketwatch

Hong Kong Stocks Finish with Gains (Review)

Hong Kong stocks closed Thursday on a positive note, having fluctuated through the day after China and the United States finally signed their trade deal, with investors poring over the details. The Hang Seng index added 0.38 percent, or 109.45 points, to close at 28,883.04. The benchmark Shanghai Composite Index lost 0.52 percent, or 15.96 points, to 3,074.08 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, eased 0.15 percent, or 2.64 points, to...

Dollar Calm; Focus on Emerging Central Banks

The U.S. dollar is largely unchanged in European trade early Thursday, as a degree of calm prevails following the signing of the Sino-U.S. trade deal. At 03:25 ET (08:25 GMT), the euro traded at $1.1155, up 0.1%, while sterling stood at $1.3046, up 0.1%. The dollar traded at 110.05 yen, up 0.1%. The dollar index, which tracks the greenback against a basket of developed market currencies, was down 0.1% at 96.910. That signing of the much-anticipated phase one trade agreement between the U.S....

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