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POPULAR NEWS
Gold falls 1% after robust US jobs data

Gold slid 1% on Friday as strong U.S. jobs data renewed bets the Federal Reserve would hold pat on interest rates and boosted demand for riskier assets, while supply-squeezed palladium soared to a new record high. U.S. job growth increased by the most in 10 months in November, confirming that the economy remained on a moderate expansion path despite a prolonged manufacturing slump. Spot gold slipped 1% to $1,461.01 per ounce. U.S. gold futures settled down 1.1% at $1,465.1 per...

Gold Futures Drop as U.S. Payrolls Rise More Than Expected

Gold futures plunged, erasing a weekly gain, as stronger-than-expected U.S. jobs data helped ease economic concerns that had fueled demand for the metal as a haven. Payrolls jumped 266,000, the most since January, according to a government report Friday that topped all estimates in a Bloomberg survey calling for 180,000 jobs. Gold has struggled to sustain recent rallies as resilient U.S. economic data and bets on progress toward a U.S.-China trade deal limit demand for the...

U.S. oil futures post biggest weekly rise since June

Oil futures settled higher on Friday, with U.S. prices up more than 7% for the week to mark their highest weekly percentage climb since June. Prices got a lift after the Organization of the Petroleum Exporting Countries and its allies announced an agreement to cut production by an additional 500,000 barrels a day starting in January. Including the 1.2 million barrels in reductions under the current pact, that will bring total output cuts to 1.7 million barrels a day from October 2018...

U.S. Jobs Trounce Forecasts With 266,000 Gain; Wages Heat Up

U.S. job gains roared back in November as unemployment matched a fresh half-century low and wages topped estimates, giving the Federal Reserve more reason to hold interest rates steady after three straight cuts. Stock futures and the dollar jumped while Treasuries slid. Payrolls jumped 266,000, the most since January, after an upwardly revised 156,000 advance the prior month, according to a Labor Department reportFriday that topped all estimates in a Bloomberg survey calling for...

Oil on track for weekly gain as OPEC+ set to confirm supply cut

Oil prices fell on Friday, but were set for weekly gains ahead of the OPEC+ meeting which kicked off Friday in Vienna. The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia - a grouping known as OPEC+ - agreed on Thursday to more output cuts to avert oversupply as economic growth stagnates amid the U.S.-China trade war. But OPEC stopped short of pledging action beyond March and analysts have questioned the impact of the latest curbs. Brent futures were...

Syria, Russian Missiles on Agenda for Trump-Erdogan Talks
Wednesday, 13 November 2019 23:25 WIB | GLOBAL |Global

Turkish President Recep Tayyip Erdogan visits the White House for talks Wednesday with U.S. President Donald Trump, with the two leaders likely to discuss Turkey's incursion in northern Syria and its purchase of a Russian air defense system.

The agenda for the day released by the White House also includes an afternoon joint news conference.

The United States and other NATO allies have expressed concern about Turkey's purchase of the Russian S-400 missile system, saying they do not fit with the alliances defense systems and pose a threat to the U.S. F-35 fighter jet program. 

In response, the United States has suspended Turkey's involvement with the F-35.

A senior U.S. official, who spoke to reporters ahead of Erdogan's visit, said the issue of the missile system is one that Trump "is trying to address head-on" in the talks with Turkey.

"As he's outlined publicly, there's tremendous upside in this bilateral relationship in economic terms, a key part of which is the F-35 and Turkey's role and potential role in the F-35 program.  But to get there, we, as allies, need to resolve this issue of the S-400," the official said.

Erdogan spokesman Fahrettin Altun said on Twitter that Turkey has been clear about its reasoning for purchasing the Russian missiles.

"Turkey™s need for a missile defense system is urgent. The U.S. must recognize this to prevent the issue from becoming a thorn in our relations. Turkey™s participation in the F-35 program is crucial for our defense partnership," Altun wrote.

A senior U.S. official said another of Trump's priorities would be the situation in Syria where the United States is chiefly concerned about a potential resurgence of the Islamic State group as well as preventing "humanitarian atrocities against religious and ethnic minorities."

Trump also planned to discuss human rights issues within Turkey as well.

Source : VOA

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POPULAR NEWS
Gold falls 1% after robust US jobs data

Gold slid 1% on Friday as strong U.S. jobs data renewed bets the Federal Reserve would hold pat on interest rates and boosted demand for riskier assets, while supply-squeezed palladium soared to a new record high. U.S. job growth increased by the most in 10 months in November, confirming that the economy remained on a moderate expansion path despite a prolonged manufacturing slump. Spot gold slipped 1% to $1,461.01 per ounce. U.S. gold futures settled down 1.1% at $1,465.1 per...

Gold Futures Drop as U.S. Payrolls Rise More Than Expected

Gold futures plunged, erasing a weekly gain, as stronger-than-expected U.S. jobs data helped ease economic concerns that had fueled demand for the metal as a haven. Payrolls jumped 266,000, the most since January, according to a government report Friday that topped all estimates in a Bloomberg survey calling for 180,000 jobs. Gold has struggled to sustain recent rallies as resilient U.S. economic data and bets on progress toward a U.S.-China trade deal limit demand for the...

U.S. oil futures post biggest weekly rise since June

Oil futures settled higher on Friday, with U.S. prices up more than 7% for the week to mark their highest weekly percentage climb since June. Prices got a lift after the Organization of the Petroleum Exporting Countries and its allies announced an agreement to cut production by an additional 500,000 barrels a day starting in January. Including the 1.2 million barrels in reductions under the current pact, that will bring total output cuts to 1.7 million barrels a day from October 2018...

U.S. Jobs Trounce Forecasts With 266,000 Gain; Wages Heat Up

U.S. job gains roared back in November as unemployment matched a fresh half-century low and wages topped estimates, giving the Federal Reserve more reason to hold interest rates steady after three straight cuts. Stock futures and the dollar jumped while Treasuries slid. Payrolls jumped 266,000, the most since January, after an upwardly revised 156,000 advance the prior month, according to a Labor Department reportFriday that topped all estimates in a Bloomberg survey calling for...

Oil on track for weekly gain as OPEC+ set to confirm supply cut

Oil prices fell on Friday, but were set for weekly gains ahead of the OPEC+ meeting which kicked off Friday in Vienna. The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia - a grouping known as OPEC+ - agreed on Thursday to more output cuts to avert oversupply as economic growth stagnates amid the U.S.-China trade war. But OPEC stopped short of pledging action beyond March and analysts have questioned the impact of the latest curbs. Brent futures were...

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