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POPULAR NEWS
Gold prices dip on upbeat appetite for riskier assets

Gold slipped on Tuesday to its lowest in more than three months on increased appetite for riskier assets, while U.S. President Donald Trump failed to provide any information on the trade deal with China in his speech. Spot gold slipped 0.1% to $1,453.70 per ounce, having touched its lowest since Aug. 5 earlier. U.S. gold futures settled down 0.2% at $1,453.70 per ounce. Among other precious metal, palladium gained 0.8% to $1,700.60 per ounce, having touched a one-month low in the previous...

Gold Slips as Hopes of US-China Trade Progress Lift Stocks

Gold prices eased on Tuesday as expectations of positive trade talks between the United States and China bolstered risk appetite, while investors booked profits. Spot gold slipped 0.1% to $1,454.82 per ounce as of 1033 GMT, extending declines into a fourth straight session. U.S. gold futures dropped 0.1% to $1,455.60 per ounce. World markets edged higher on Tuesday as investors awaited a speech by U.S. President Donald Trump on trade policy, and amid news he will probably delay a decision...

Asia shares turn sluggish ahead of Trump speech

Asian share markets got off to a sluggish start on Tuesday amid uncertainty over both the Sino-U.S. trade talks and the domestic political situation in Hong Kong. MSCI™s broadest index of Asia-Pacific shares outside Japan eased 0.05%, following a sharp 1.2% pullback on Monday. Japan's Nikkei dithered either side of flat, while South Korean stocks inched up 0.3%. E-Mini futures for the S&P 500 was off 0.1% in quiet trade. Source: reuters

Gold Rises From Three-Month Low on Trump Tariff Threat

Gold advanced from a three-month low as investors weighed President Donald Trump™s latest comments on a U.S.-China trade deal with the general improvement in risk appetite. Spot gold +0.2% to $1,458.50/oz at 9:38am in Singapore. Price fell to $1,445.70/oz on Tuesday, the lowest intraday level since Aug. 5 Bloomberg Dollar Spot Index steady after +0.2% Tuesday. Other precious metals: Spot silver +0.3% to $16.825/oz, Palladium -0.2% to $1,699.32/oz,...

Tokyo: Stocks open flat amid concerns over trade, Hong Kong

Tokyo stocks opened almost flat on Tuesday amid worries over a US-China trade deal and fresh unrest in Hong Kong. The benchmark Nikkei 225 index edged up 0.06 per cent or 15.04 points at 23,346.88 in early trade, while the broader Topix index was down 0.10 per cent or 1.71 points at 1,702.32. Source: AFP

Powell: U.S. in 'favorable' place, Fed will 'act as appropriate'
Friday, 23 August 2019 21:23 WIB | FISCAL & MONETARY |Federal ReserveThe Fed

The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.

The chair, under pressure from President Donald Trump to cut rates soon and deeply, listed a series of economic and geopolitical risks that the Fed is monitoring ” many of them, Powell noted, linked to the administration's trade war with China and other countries.

But "the U.S. economy has continued to perform well overall," Powell said in keynote remarks at an annual Fed economic symposium at this mountain retreat. "Business investment and manufacturing have weakened, but solid job growth and rising wages have been driving robust consumption and supporting moderate overall growth."

If the trade wars have disrupted business investment and confidence and contributed to œdeteriorating global growth, Powell said the Fed could not set all that right through monetary policy.

There are "no recent precedents to guide any policy response to the current situation," Powell said, adding that monetary policy "cannot provide a settled rulebook for international trade."

Between that, the possibility of a hard "Brexit," tension in Hong Kong, an economic slowdown in places like Germany and other overseas troubles, Powell said the Fed needed to "look through" short-term turbulence and focus on how the U.S. is performing.

Powell did note that rate cuts in the 1990s helped keep an expansion intact.

But the overall tone of his statement may disappoint investors expecting the Fed the cut rates at its September meeting and possibly several more times this year. The central bank reduced rates in July in what Powell referred to as a mid-cycle adjustment.

It is also likely to disappoint Trump, both in focusing on the impact that trade uncertainty is having on the global economy, and in not giving a clear signal that more cuts are coming.

The Fed must "look through what may be passing events, focus on how trade developments are affecting the outlook, and adjust policy to promote our objectives" of 2 percent inflation and strong employment.

Source : Reuters

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POPULAR NEWS
Gold prices dip on upbeat appetite for riskier assets

Gold slipped on Tuesday to its lowest in more than three months on increased appetite for riskier assets, while U.S. President Donald Trump failed to provide any information on the trade deal with China in his speech. Spot gold slipped 0.1% to $1,453.70 per ounce, having touched its lowest since Aug. 5 earlier. U.S. gold futures settled down 0.2% at $1,453.70 per ounce. Among other precious metal, palladium gained 0.8% to $1,700.60 per ounce, having touched a one-month low in the previous...

Gold Slips as Hopes of US-China Trade Progress Lift Stocks

Gold prices eased on Tuesday as expectations of positive trade talks between the United States and China bolstered risk appetite, while investors booked profits. Spot gold slipped 0.1% to $1,454.82 per ounce as of 1033 GMT, extending declines into a fourth straight session. U.S. gold futures dropped 0.1% to $1,455.60 per ounce. World markets edged higher on Tuesday as investors awaited a speech by U.S. President Donald Trump on trade policy, and amid news he will probably delay a decision...

Asia shares turn sluggish ahead of Trump speech

Asian share markets got off to a sluggish start on Tuesday amid uncertainty over both the Sino-U.S. trade talks and the domestic political situation in Hong Kong. MSCI™s broadest index of Asia-Pacific shares outside Japan eased 0.05%, following a sharp 1.2% pullback on Monday. Japan's Nikkei dithered either side of flat, while South Korean stocks inched up 0.3%. E-Mini futures for the S&P 500 was off 0.1% in quiet trade. Source: reuters

Gold Rises From Three-Month Low on Trump Tariff Threat

Gold advanced from a three-month low as investors weighed President Donald Trump™s latest comments on a U.S.-China trade deal with the general improvement in risk appetite. Spot gold +0.2% to $1,458.50/oz at 9:38am in Singapore. Price fell to $1,445.70/oz on Tuesday, the lowest intraday level since Aug. 5 Bloomberg Dollar Spot Index steady after +0.2% Tuesday. Other precious metals: Spot silver +0.3% to $16.825/oz, Palladium -0.2% to $1,699.32/oz,...

Tokyo: Stocks open flat amid concerns over trade, Hong Kong

Tokyo stocks opened almost flat on Tuesday amid worries over a US-China trade deal and fresh unrest in Hong Kong. The benchmark Nikkei 225 index edged up 0.06 per cent or 15.04 points at 23,346.88 in early trade, while the broader Topix index was down 0.10 per cent or 1.71 points at 1,702.32. Source: AFP

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