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POPULAR NEWS
Gold gives up nearly all of its gains, but settles at highest since late August 2013

Gold futures gave up almost all of their earlier gains by Tuesday afternoon, though still marked the highest most-active contract settlement since August 2013. Federal Reserve Chairman Jerome Powell suggested Tuesday that an interest-rate cut in July is not a done deal. Following those comments, George Gero, managing director at RBC Wealth Management, said he expected to see profit taking in gold. A July interest-rate cut has been widely expected by investors and economists. August gold rose...

Gold settles lower after 4-session climb lifted prices near a 6-year high

Gold futures settled lower on Wednesday, down from the nearly six-year high scored a day earlier, following comments from Federal Reserve chair Jerome Powell on Tuesday that analysts interpreted as less dovish than expected, along with fresh hopes for progress on U.S.-China trade talks. Also, optimistic comments by U.S. Treasury Secretary Steven Mnuchin early Wednesday regarding the U.S.-China trade dispute shifted investor attention back towards equity markets œbut in my opinion, that is a...

Oil prices rally as weekly U.S. crude inventory drops by almost 13 million barrels

Oil prices climbed sharply on Wednesday, as the U.S. government reported a weekly drop of nearly 13 million barrels in domestic crude stocks, reportedly the largest since 2016. Given the big draw in gasoline and supply decline at the U.S. oil trading hub at Cushing, Okla., "we wouldn't be surprised to see the $60 level get breached in WTI," he said. "However, with the upcoming OPEC meeting and also the [Group of 20 leaders summit], we will see the next directional move on the results of these...

U.S. oil prices pull back after 3-session climb on the back of Iran tensions

U.S. oil prices fell on Tuesday, posting a modest retreat after three consecutive session gains on the back of heightened tensions between the U.S. and Iran. August West Texas Intermediate crude fell 7 cents, or 0.1%, to settle at $57.83 a barrel on the New York Mercantile Exchange. The contract wrapped up trading Monday at $57.90, the highest front-month contract finish since May 29, according to Dow Jones Market Data. Prices rose 8.8% for last week, the biggest weekly percentage climb since...

Gold Prices Pull Back From Nearly 6-Year High as Stock Gains Firm

Gold futures on Wednesday retreated from a nearly six-year high scored a day earlier amid expected progress on U.S.-China trade talks and a less-dovish-than-hoped Federal Reserve. U.S. Treasury Secretary Steven Mnuchin told CNBC, œwe were about 90% of the way there [with a trade deal] and I think there™s a path to complete this. He said he™s confident President Donald Trump and China™s President Xi Jinping will make inroads into those stalled talks at the weekend Group of 20...

Trade War Adds to Woes of European Companies in China
Tuesday, 21 May 2019 18:31 WIB | GLOBAL |Global

The U.S.-China trade war has not spared European companies in China. More than one-third of them are feeling a direct impact on their businesses and fear the situation will worsen in the coming weeks.

œThey [European companies] are feeling more anxious than they felt last year, rising tensions such as the trade tensions that we are facing currently that don™t seem to be on the point of being sorted out quickly, European Chamber Vice President Charlotte Roule told VOA.

The trade conflict has come on top of several other problems faced by European companies in China.

œMacroeconomic challenges such as the Chinese economic slowdown and global economic slowdown are worrying them, Roule said.

In a survey conducted last January and released Monday, the European Chamber of Commerce in China reported the trade war has impacted 25% of its members engaged in U.S.-bound exports from their operations in China.

Since January, the United States has since expanded its tariff measures against China-made goods, while Beijing has announced its own set of retaliatory measures. These moves would affect a larger number of European companies, including those that import products from the U.S.

Source : VOA

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POPULAR NEWS
Gold gives up nearly all of its gains, but settles at highest since late August 2013

Gold futures gave up almost all of their earlier gains by Tuesday afternoon, though still marked the highest most-active contract settlement since August 2013. Federal Reserve Chairman Jerome Powell suggested Tuesday that an interest-rate cut in July is not a done deal. Following those comments, George Gero, managing director at RBC Wealth Management, said he expected to see profit taking in gold. A July interest-rate cut has been widely expected by investors and economists. August gold rose...

Gold settles lower after 4-session climb lifted prices near a 6-year high

Gold futures settled lower on Wednesday, down from the nearly six-year high scored a day earlier, following comments from Federal Reserve chair Jerome Powell on Tuesday that analysts interpreted as less dovish than expected, along with fresh hopes for progress on U.S.-China trade talks. Also, optimistic comments by U.S. Treasury Secretary Steven Mnuchin early Wednesday regarding the U.S.-China trade dispute shifted investor attention back towards equity markets œbut in my opinion, that is a...

Oil prices rally as weekly U.S. crude inventory drops by almost 13 million barrels

Oil prices climbed sharply on Wednesday, as the U.S. government reported a weekly drop of nearly 13 million barrels in domestic crude stocks, reportedly the largest since 2016. Given the big draw in gasoline and supply decline at the U.S. oil trading hub at Cushing, Okla., "we wouldn't be surprised to see the $60 level get breached in WTI," he said. "However, with the upcoming OPEC meeting and also the [Group of 20 leaders summit], we will see the next directional move on the results of these...

U.S. oil prices pull back after 3-session climb on the back of Iran tensions

U.S. oil prices fell on Tuesday, posting a modest retreat after three consecutive session gains on the back of heightened tensions between the U.S. and Iran. August West Texas Intermediate crude fell 7 cents, or 0.1%, to settle at $57.83 a barrel on the New York Mercantile Exchange. The contract wrapped up trading Monday at $57.90, the highest front-month contract finish since May 29, according to Dow Jones Market Data. Prices rose 8.8% for last week, the biggest weekly percentage climb since...

Gold Prices Pull Back From Nearly 6-Year High as Stock Gains Firm

Gold futures on Wednesday retreated from a nearly six-year high scored a day earlier amid expected progress on U.S.-China trade talks and a less-dovish-than-hoped Federal Reserve. U.S. Treasury Secretary Steven Mnuchin told CNBC, œwe were about 90% of the way there [with a trade deal] and I think there™s a path to complete this. He said he™s confident President Donald Trump and China™s President Xi Jinping will make inroads into those stalled talks at the weekend Group of 20...

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