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POPULAR NEWS
Gold Jumps as Investors Seek a Haven Amid Growing Virus Fears

Spot gold jumped as much as 1.1% to $1,588.68/oz as investors sought a haven amid growing fears over the spread of the coronavirus around the world. Trades 0.7% higher at $1,582.96 at 7:54am in Singapore; rose 0.9% last week. Stock futures and crude oil tumble as investors are spooked by the impact of the virus; Treasury futures climb. Source : Bloomberg

Oil Tumbles on Virus Fear While Saudis See 'Very Limited' Impact

Oil tumbled as the market opened in Asia on fears China's deadly coronavirus will crimp energy demand, prompting Saudi Arabia to say it was closely monitoring the situation. Futures in London and New York plunged more than 3% in early trading as the death toll from the outbreak in China rose and as officials extended the Lunar New Year holiday to help stem the spread of the outbreak. While Goldman Sachs Group Inc. predicted last week that global oil demand may take a hit, Saudi...

Yen jumps, yuan slumps on worries China struggling to contain virus

The yen rose and the yuan fell in offshore trade on Monday as worries that China is struggling to contain the spread of a pneumonia-like virus sparked a bout of risk aversion. Japan's currency, often sought as a safe-haven in times of uncertainty, rose to the highest in almost three weeks versus the dollar, while the yuan fell to its lowest since Jan. 8. China's cabinet announced it will extend the Lunar New Year holidays to Feb. 2, to strengthen the prevention and control of the new...

Tokyo's Nikkei opens down more than 2% on China virus fears

Tokyo's key Nikkei index dropped more than two percent at the open on Monday on concerns over the potential impact of a new coronavirus that has killed 80 people in China. The benchmark Nikkei 225 index lost 2.04 percent, or 486.13 points, to 23,341.05 in early trade, while the broader Topix index fell 1.84 percent, or 31.77 points, to 1,698.67. Source : AFP

Gold eyes $1,600 as Fed meeting, new virus threat in focus this week

Gold is well supported and has room to run higher this week as analysts point to the Federal Reserve meeting and the spread of the new corona virus as the two key issues to keep an eye on. The yellow metal battled against risk-on sentiment last week but managed to hold above $1,550 an ounce level and even rise about 0.8% on the week. February Comex gold futures were last trading at $1,572.40, up 0.45% on the day. This week, analysts are keeping a close eye on the Federal Reserve interest...

Dow Closes Nearly 340-Points Higher After Jobs Report Sparks Stock-Market Rally
Saturday, 7 December 2019 04:24 WIB | MARKET UPDATE |SahamASS & P 500DOW JONES

U.S. stocks closed solidly higher Friday, helping to wipe out or chip away at weekly losses, after an key employment report for November ignited bullish buying on Wall Street, adding to some modest progress toward a partial Sino-American trade agreement.

The Dow Jones Industrial Average gained 337 points, or 1.2%, to reach 28,015, the S&P 500 index advanced 0.9% to 3,146, while the Nasdaq Composite Index climbed 1% to 8,656. The moves on Friday were in contrast to trading that started the week after President Donald Trump in London implied that he would wait until 2020 to cement a phase-one trade agreement. For the week, the Dow and the Nasdaq finished down 0.1%, while the S&P 500 notched a 0.2% gain for the 5-day trading stretch.

The economy created 266,000 new jobs, the most since January, and the unemployment rote fell to 3.5%, a 50 year low, Labor Department data showed, signaling that the jobs market remains robust even though economic growth has slowed. The government also revised the increase in new jobs in October to 156,000 from 128,000 and September's gain was raised to 193,000 from 180,000. The increase in new jobs easily topped the 180,000 MarketWatch forecast, helped by the end of the General Motors auto-workers strike which added roughly 50,000 jobs to the payrolls number.

Source : Marketwatch

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POPULAR NEWS
Gold Jumps as Investors Seek a Haven Amid Growing Virus Fears

Spot gold jumped as much as 1.1% to $1,588.68/oz as investors sought a haven amid growing fears over the spread of the coronavirus around the world. Trades 0.7% higher at $1,582.96 at 7:54am in Singapore; rose 0.9% last week. Stock futures and crude oil tumble as investors are spooked by the impact of the virus; Treasury futures climb. Source : Bloomberg

Oil Tumbles on Virus Fear While Saudis See 'Very Limited' Impact

Oil tumbled as the market opened in Asia on fears China's deadly coronavirus will crimp energy demand, prompting Saudi Arabia to say it was closely monitoring the situation. Futures in London and New York plunged more than 3% in early trading as the death toll from the outbreak in China rose and as officials extended the Lunar New Year holiday to help stem the spread of the outbreak. While Goldman Sachs Group Inc. predicted last week that global oil demand may take a hit, Saudi...

Yen jumps, yuan slumps on worries China struggling to contain virus

The yen rose and the yuan fell in offshore trade on Monday as worries that China is struggling to contain the spread of a pneumonia-like virus sparked a bout of risk aversion. Japan's currency, often sought as a safe-haven in times of uncertainty, rose to the highest in almost three weeks versus the dollar, while the yuan fell to its lowest since Jan. 8. China's cabinet announced it will extend the Lunar New Year holidays to Feb. 2, to strengthen the prevention and control of the new...

Tokyo's Nikkei opens down more than 2% on China virus fears

Tokyo's key Nikkei index dropped more than two percent at the open on Monday on concerns over the potential impact of a new coronavirus that has killed 80 people in China. The benchmark Nikkei 225 index lost 2.04 percent, or 486.13 points, to 23,341.05 in early trade, while the broader Topix index fell 1.84 percent, or 31.77 points, to 1,698.67. Source : AFP

Gold eyes $1,600 as Fed meeting, new virus threat in focus this week

Gold is well supported and has room to run higher this week as analysts point to the Federal Reserve meeting and the spread of the new corona virus as the two key issues to keep an eye on. The yellow metal battled against risk-on sentiment last week but managed to hold above $1,550 an ounce level and even rise about 0.8% on the week. February Comex gold futures were last trading at $1,572.40, up 0.45% on the day. This week, analysts are keeping a close eye on the Federal Reserve interest...

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