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POPULAR NEWS
Gold steady as Brexit deal lifts stocks, pressures dollar

Gold prices held steady on Friday after Britain managed to eke out a deal for its exit from the European Union, lifting risk appetite, while a sluggish dollar provided support to the metal. Spot gold was unchanged at $1,491.62 an ounce as of 00:57 GMT. U.S. gold futures shed 0.2% to $1,495.40 per ounce. Asian shares inched higher following Britain's deal with the European Union, with MSCI's broadest index of Asia-Pacific shares outside Japan up 0.1%. The dollar slipped to a near eight-week...

China's GDP growth slows to 6%, Industrial Production betters estimates

China's economy slowed sharply in the third quarter, courtesy of the trade tensions with the US, the official data released at 02:00 GMT showed. The annualised third quarter gross domestic product (GDP) came in at 6%, missing the forecasted print of 6.1% and down from the preceding quarter's GDP of 6.2%. However, the Industrial Production rose 5.8% year-on-year in September, beating the forecasted figure of 5% by a big margin. The preceding month's figure has been left unrevised at...

Gold Dips On Day, But Up On Week Ahead of Brexit Vote

Gold posted a weekly gain but safe-haven investors and those traditionally long the yellow metal largely sat out of Friday™s market, letting prices dip, with few leads to chase, ahead of a weekend parliament vote on the U.K. bid to leave the EU. After early gains in the day on the prospects that Britain™s Brexit hopes and U.S.-China trade deal aspirations will be dashed again, gold dipped in later hours on signs that fewer central banks around the world might ramp up on another round of...

Hong Kong, Shanghai stocks end with losses (Review)

Shares in Hong Kong and Shanghai sank on Friday after data showed China's economy growing at its slowest pace for almost 30 years. The Hang Seng Index fell 0.48 percent, or 128.91 points, to 26,719.58. The benchmark Shanghai Composite Index fell 1.32 percent, or 39.19 points, to 2,938.14, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 1.17 percent, or 19.20 points, to 1,616.72. Source: AFP

Dow Industrials Skid To Session Low in Midday Action as J&J Produces 42-Point Headwind

The Dow Jones Industrial Average on Friday midday was trading at session lows, with shares of Johnson & Johnson delivering the biggest headwind to the blue-chip gauge. The Dow was off 120 points, or 0.5%, at 26,906, with shares of J&J cutting about 42 points from the index. The S&P 500 index was down 0.4% at 2,986, while the Nasdaq Composite Index was trading 0.9% lower at 8,080. J&J was trading sharply lower and weighing down the the Dow, where it is a component, after the...

Bank of England leaves policy rate unchanged at 0.75% with unanimous vote as expected
Thursday, 2 May 2019 18:26 WIB | FISCAL & MONETARY |ekonomiBOE

In a widely expected decision, the Bank of England's Monetary Policy Committee held the policy rate unchanged at 0.75% with a unanimous vote. The asset purchase facility remained steady at €435 billion as well. Below are some key takeaways from the monetary policy statement.

"Policymakers vote 9-0 to maintain corporate bond purchase target at 10 billion sterling."

"Q1 GDP likely boosted by stock-building, underlying growth "slightly stronger" than expected in February."

"Sees inflation increasingly above target at end of forecast horizon, economy running above capacity."

"Gradual and limited interest rate rises needed to meet inflation target over forecast period."

"Overall slack in economy is 0.25% of GDP, sees zero slack in 1 year's time, excess demand of 1% of GDP in 3 years' time."

"Energy price cap to push inflation above target in April, sterling strength and energy base effects to push CPI below target around 1-year horizon."

"Cost of waiting for more information on inflation pressure relatively low, pay growth levelling off."

"Policy response to Brexit not automatic, could be in either direction."

"Two thirds of firms surveyed say ready for a "no deal, no transition" Brexit, but still expect fall in output and jobs."

"Economic outlook will depend significantly on Brexit, BoE forecasts continue to assume smooth transition."

BOE Interest Rate Decision is announced by the Bank of England. If the BoE is hawkish about the inflationary outlook of the economy and raises the interest rates it is positive, or bullish, for the GBP. Likewise, if the BoE has a dovish view on the UK economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.

Source : FXstreet

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POPULAR NEWS
Gold steady as Brexit deal lifts stocks, pressures dollar

Gold prices held steady on Friday after Britain managed to eke out a deal for its exit from the European Union, lifting risk appetite, while a sluggish dollar provided support to the metal. Spot gold was unchanged at $1,491.62 an ounce as of 00:57 GMT. U.S. gold futures shed 0.2% to $1,495.40 per ounce. Asian shares inched higher following Britain's deal with the European Union, with MSCI's broadest index of Asia-Pacific shares outside Japan up 0.1%. The dollar slipped to a near eight-week...

China's GDP growth slows to 6%, Industrial Production betters estimates

China's economy slowed sharply in the third quarter, courtesy of the trade tensions with the US, the official data released at 02:00 GMT showed. The annualised third quarter gross domestic product (GDP) came in at 6%, missing the forecasted print of 6.1% and down from the preceding quarter's GDP of 6.2%. However, the Industrial Production rose 5.8% year-on-year in September, beating the forecasted figure of 5% by a big margin. The preceding month's figure has been left unrevised at...

Gold Dips On Day, But Up On Week Ahead of Brexit Vote

Gold posted a weekly gain but safe-haven investors and those traditionally long the yellow metal largely sat out of Friday™s market, letting prices dip, with few leads to chase, ahead of a weekend parliament vote on the U.K. bid to leave the EU. After early gains in the day on the prospects that Britain™s Brexit hopes and U.S.-China trade deal aspirations will be dashed again, gold dipped in later hours on signs that fewer central banks around the world might ramp up on another round of...

Hong Kong, Shanghai stocks end with losses (Review)

Shares in Hong Kong and Shanghai sank on Friday after data showed China's economy growing at its slowest pace for almost 30 years. The Hang Seng Index fell 0.48 percent, or 128.91 points, to 26,719.58. The benchmark Shanghai Composite Index fell 1.32 percent, or 39.19 points, to 2,938.14, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 1.17 percent, or 19.20 points, to 1,616.72. Source: AFP

Dow Industrials Skid To Session Low in Midday Action as J&J Produces 42-Point Headwind

The Dow Jones Industrial Average on Friday midday was trading at session lows, with shares of Johnson & Johnson delivering the biggest headwind to the blue-chip gauge. The Dow was off 120 points, or 0.5%, at 26,906, with shares of J&J cutting about 42 points from the index. The S&P 500 index was down 0.4% at 2,986, while the Nasdaq Composite Index was trading 0.9% lower at 8,080. J&J was trading sharply lower and weighing down the the Dow, where it is a component, after the...

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