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POPULAR NEWS
Gold Edges Up as Geopolitics Take Control of Trade

Investors managed to push gold higher Thursday instead of completely embracing risk, as doubts remained about whether the U.K. will get parliament ratification for its Brexit deal, but Turkey agreed to a ceasefire in Syria. U.S. gold futures for December delivery settled up $4.30, or 0.3%, at $1,498.30 per ounce. In post-settlement trade, gold futures were up just $1.45, or 0.1%, at $1,495.45, at 3:27 PM ET (19:27 GMT) after scaling $1,501.05 at the intraday high. Spot gold was up $1.83, or...

Hong Kong stocks finish on the up (Review)

Hong Kong shares finished on a positive note Thursday as more weak US data raised hopes for another interest rate cut by the Federal Reserve. The Hang Seng Index rose 0.69 percent, or 184.21 points, to 26,848.49. The benchmark Shanghai Composite Index edged down 0.05 percent, or 1.38 points, to 2,977.33, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, was barely changed, inching up 0.27 points to 1,635.92. Sumber : AFP

Oil Up as U.S. Fuels Drawdown Offsets Huge Crude Build

Oil prices rose on Thursday as traders looked beyond a whopping jump in weekly U.S. crude inventories to focus on plummeting fuel stockpiles as the maintenance season for refineries caused an unusual deficit in oil products. U.S. West Texas Intermediate crude settled up 57 cents, or 1%, at $53.93 per barrel. U.K. Brent oil closed up 49 cents, or 0.8%, at $59.91. An easing of geopolitical tensions in the Middle East also didn't keep oil down. Turkey has agreed to a five-day ceasefire in...

Gold Steady Ahead of Brexit Talks; Weak US Data Lends Support

Gold prices were nearly steady on Thursday as traders refrained from making any big bets in the absence of fresh developments on the Sino-U.S. trade war front and Brexit negotiations, while weak U.S. retail sales data provided support. Spot gold rose 0.1% to $1,490.81 per ounce as of 0630 GMT. U.S. gold futures inched 0.1% higher to $1,494.90. Market participants look for updates on the U.S.-China trade talks. Trade negotiators were working on nailing down a Phase 1 trade deal text for their...

U.S. Stocks Gain On Upbeat Earnings, Geopolitical News

Wall Street advanced on Thursday as investor sentiment was buoyed by a string of corporate earnings beats and encouraging geopolitical developments. A broad-based rally led all three major U.S. stock averages to moderate gains. Britain and the European Union agreed to a severance deal, moving closer toward wrapping up three years of uncertainties after Britons voted to leave the bloc. Upbeat statements from Beijing and Washington fueled hopes that a phased agreement could ease the...

Attacks on Saudi Oil Facilities Knock Out Half Kingdom's Supply
Monday, 16 September 2019 23:23 WIB | GLOBAL |Global

Yemen's Iran-aligned Houthi group said it attacked two plants at the heart of Saudi Arabia's oil industry on Saturday, knocking out more than half the kingdom's output, in a move expected to send oil prices soaring and increase tension in the Middle East.

The attacks will cut the kingdom's output by 5.7 million barrels per day (bpd), according to a statement from state-run oil company Saudi Aramco, or more than 5% of global oil supply.

The pre-dawn strikes followed earlier cross-border attacks on Saudi oil installations and on oil tankers in Persian Gulf waters, but these were the most brazen yet, temporarily crippling much of the nation's production capacity. Saudi Arabia is the world's biggest exporter, shipping more than 7 million barrels of oil to global destinations every day, and for years has served as the supplier of last resort to markets.

While the Houthis claimed responsibility for the attack, U.S. Secretary of State Mike Pompeo put the blame squarely on Iran, writing on Twitter that there was "no evidence the attacks came from Yemen."

"Amid all the calls for de-escalation, Iran has now launched an unprecedented attack on the world's energy supply," Pompeo said.

Source : VOA

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POPULAR NEWS
Gold Edges Up as Geopolitics Take Control of Trade

Investors managed to push gold higher Thursday instead of completely embracing risk, as doubts remained about whether the U.K. will get parliament ratification for its Brexit deal, but Turkey agreed to a ceasefire in Syria. U.S. gold futures for December delivery settled up $4.30, or 0.3%, at $1,498.30 per ounce. In post-settlement trade, gold futures were up just $1.45, or 0.1%, at $1,495.45, at 3:27 PM ET (19:27 GMT) after scaling $1,501.05 at the intraday high. Spot gold was up $1.83, or...

Hong Kong stocks finish on the up (Review)

Hong Kong shares finished on a positive note Thursday as more weak US data raised hopes for another interest rate cut by the Federal Reserve. The Hang Seng Index rose 0.69 percent, or 184.21 points, to 26,848.49. The benchmark Shanghai Composite Index edged down 0.05 percent, or 1.38 points, to 2,977.33, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, was barely changed, inching up 0.27 points to 1,635.92. Sumber : AFP

Oil Up as U.S. Fuels Drawdown Offsets Huge Crude Build

Oil prices rose on Thursday as traders looked beyond a whopping jump in weekly U.S. crude inventories to focus on plummeting fuel stockpiles as the maintenance season for refineries caused an unusual deficit in oil products. U.S. West Texas Intermediate crude settled up 57 cents, or 1%, at $53.93 per barrel. U.K. Brent oil closed up 49 cents, or 0.8%, at $59.91. An easing of geopolitical tensions in the Middle East also didn't keep oil down. Turkey has agreed to a five-day ceasefire in...

Gold Steady Ahead of Brexit Talks; Weak US Data Lends Support

Gold prices were nearly steady on Thursday as traders refrained from making any big bets in the absence of fresh developments on the Sino-U.S. trade war front and Brexit negotiations, while weak U.S. retail sales data provided support. Spot gold rose 0.1% to $1,490.81 per ounce as of 0630 GMT. U.S. gold futures inched 0.1% higher to $1,494.90. Market participants look for updates on the U.S.-China trade talks. Trade negotiators were working on nailing down a Phase 1 trade deal text for their...

U.S. Stocks Gain On Upbeat Earnings, Geopolitical News

Wall Street advanced on Thursday as investor sentiment was buoyed by a string of corporate earnings beats and encouraging geopolitical developments. A broad-based rally led all three major U.S. stock averages to moderate gains. Britain and the European Union agreed to a severance deal, moving closer toward wrapping up three years of uncertainties after Britons voted to leave the bloc. Upbeat statements from Beijing and Washington fueled hopes that a phased agreement could ease the...

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