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POPULAR NEWS
Gold Ekes Out a Gain to Notch Another Finish at a More Than 6-Year High

Gold prices recovered earlier losses Thursday to score a modest gain and another finish at a more than six-year high, on the back of haven-related buying spurred on by risks to the global economy. The magnitude of the gains in the gold market Wednesday œwere somewhat disappointing given the 800-point decline in the Dow and an avalanche of dire forecast[s] for the U.S. economy, analysts at Zaner Metals said in daily commentary. Gold for December delivery tacked on $3.40, or 0.2%, to...

Gold edges lower as stock-market attempts bounce

Gold edged lower early Thursday, pulling back from a more-than-six year high, as haven-related buying took a pause with stocks looking to take back some of the ground lost in the previous session's rout. Gold for December delivery fell $5.60, or 0.4%, to $1,522.20 an ounce, while September silver was down 15 cents, or 0.9%, at $17.13 an ounce. Gold weakened as stock-index futures rebounded from earlier losses, signaling Wall Street was set to attempt a bounceback from a Wednesday rout...

Hong Kong stocks rebound from early losses

Hong Kong stocks recovered to close higher on Thursday after an early slump following hefty losses on Wall Street over fears of a global recession. The Hang Seng Index rose 0.76 percent or 193.18 points to end at 25,495.46. The benchmark Shanghai Composite Index gained 0.25 percent, or 6.89 points, to close at 2,815.80. The Shenzhen Composite Index, which tracks stocks on China's second exchange, closed 0.53 percent, or 8.07 points higher, to 1,517.07. Source : AFP

Gold prices rise on falling bond yields, trade uncertainty

Gold prices gained on Friday as the steep fall in U.S. bond yields continued, while conflicting signals on the Sino-U.S. trade war added to economic uncertainty. Spot gold was up 0.2% at $1,525.21 per ounce at 01:05 GMT. The metal has gained nearly 2% so far this week, and is on track for its third straight weekly gain. U.S. gold futures rose 0.3% to $1,535.50 an ounce. Data showing strong U.S. retail sales in July did not have an impact on the bond rally. Yields on 30-year paper hit an...

Oil Ends Down a Second Straight Session on Trade Worries, Recession Fears

Oil futures ended lower Thursday for a second consecutive session, as U.S.-China trade tensions continue to feed worries about a global economic slowdown that could weigh on demand. Prices for natural gas, meanwhile, settled sharply higher”at their highest month to date”on the back of a smaller-than-forecast weekly rise in U.S. supplies of the fuel, as warmer weather forecasts buoyed demand prospects for the fuel. Against that backdrop, West Texas Intermediate crude for September...

ECB's Draghi Warns That Uncertainty is Weighing on Sentiment
Monday, 28 January 2019 22:10 WIB | FISCAL |

The euro zone economy has performed worse than expected in recent months and global uncertainty is weighing on economic sentiment, European Central Bank President Mario Draghi said on Monday, repeating the bank's recent warnings about growth.

The ECB left policy on hold last week but warned that the bloc's growth dip may be bigger and longer than earlier feared, pointing to even more protracted policy normalization and suggesting that the bank™s next step could be to provide more support, not less.

œOver the past few months, incoming information has continued to be weaker than expected on account of softer external demand and some country and sector-specific factors, Draghi told the European Parliament™s committee on economic affairs in Brussels.

œThe persistence of uncertainties in particular relating to geopolitical factors and the threat of protectionism is weighing on economic sentiment, Draghi added.

The ECB has long guided for steady interest rates ˜through™ the summer but markets have already scaled back their expectations, pricing in a move only in mid-2020, well after Draghi leaves office in October.

The problem is that the euro zone™s three biggest economies ” Germany, France and Italy ” are barely growing. Even if this is down mostly to one off factors, the resulting drop in business confidence threatens to make the downturn self fulfilling.

œSignificant monetary policy stimulus remains essential to support the further build-up of domestic price pressures and headline inflation developments over the medium term, Draghi added. œThe Governing Council stands ready to adjust all of its instruments, as appropriate

To prop up confidence, it could offer banks another round of cheap, long-term loans to make sure they continue to lend to the real economy.

The next move could be to formally push out the date of its first rate hike, a more tricky move as it could tie the hand of the new president, who is likely to named only after European elections in late May.

Source : Reuters

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Monday, 25 February 2019 18:17 WIB

Bank of England Governor Mark Carney said on Monday that the possibility of Britain leaving the European Union next month without a transition deal ranked as the riskiest Brexit scenario for the stabi...

POPULAR NEWS
Gold Ekes Out a Gain to Notch Another Finish at a More Than 6-Year High

Gold prices recovered earlier losses Thursday to score a modest gain and another finish at a more than six-year high, on the back of haven-related buying spurred on by risks to the global economy. The magnitude of the gains in the gold market Wednesday œwere somewhat disappointing given the 800-point decline in the Dow and an avalanche of dire forecast[s] for the U.S. economy, analysts at Zaner Metals said in daily commentary. Gold for December delivery tacked on $3.40, or 0.2%, to...

Gold edges lower as stock-market attempts bounce

Gold edged lower early Thursday, pulling back from a more-than-six year high, as haven-related buying took a pause with stocks looking to take back some of the ground lost in the previous session's rout. Gold for December delivery fell $5.60, or 0.4%, to $1,522.20 an ounce, while September silver was down 15 cents, or 0.9%, at $17.13 an ounce. Gold weakened as stock-index futures rebounded from earlier losses, signaling Wall Street was set to attempt a bounceback from a Wednesday rout...

Hong Kong stocks rebound from early losses

Hong Kong stocks recovered to close higher on Thursday after an early slump following hefty losses on Wall Street over fears of a global recession. The Hang Seng Index rose 0.76 percent or 193.18 points to end at 25,495.46. The benchmark Shanghai Composite Index gained 0.25 percent, or 6.89 points, to close at 2,815.80. The Shenzhen Composite Index, which tracks stocks on China's second exchange, closed 0.53 percent, or 8.07 points higher, to 1,517.07. Source : AFP

Gold prices rise on falling bond yields, trade uncertainty

Gold prices gained on Friday as the steep fall in U.S. bond yields continued, while conflicting signals on the Sino-U.S. trade war added to economic uncertainty. Spot gold was up 0.2% at $1,525.21 per ounce at 01:05 GMT. The metal has gained nearly 2% so far this week, and is on track for its third straight weekly gain. U.S. gold futures rose 0.3% to $1,535.50 an ounce. Data showing strong U.S. retail sales in July did not have an impact on the bond rally. Yields on 30-year paper hit an...

Oil Ends Down a Second Straight Session on Trade Worries, Recession Fears

Oil futures ended lower Thursday for a second consecutive session, as U.S.-China trade tensions continue to feed worries about a global economic slowdown that could weigh on demand. Prices for natural gas, meanwhile, settled sharply higher”at their highest month to date”on the back of a smaller-than-forecast weekly rise in U.S. supplies of the fuel, as warmer weather forecasts buoyed demand prospects for the fuel. Against that backdrop, West Texas Intermediate crude for September...

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