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POPULAR NEWS
Crude Oil Lower; OPEC Disputes and Virus Cases Weigh

Oil markets slipped Friday as the resurgence of Covid-19 cases, particularly in the U.S., the largest consumer in the world, threatened the recovery of crude demand. At 7:30 AM ET (11:30 GMT), U.S. crude futures traded 1.2% lower at $40.15 a barrel. The international benchmark Brent contract rose 1.3% to $42.58. The U.S. has recorded around a quarter of the almost 11 million cases worldwide, according to data from Johns Hopkins University, and the number is growing rapidly. The U.S....

Dollar Rises as Risk Appetite Tempered by Rising COVID-19 Cases in U.S.

The dollar edged up on Friday but was set for its biggest weekly fall since the start of June, as a sentiment boost from better-than-expected jobs data in the United States was tempered by surging coronavirus cases. The U.S. Labor Department said on Thursday that payrolls surged in June but the reaction in currencies was limited. Even after two months of job recovery from May, the U.S. economy has regained just over a third of an historic plunge of 20.787 million jobs lost in April. Against...

Hong Kong Stocks End Week on Strong Note (Review)

Hong Kong shares ended higher Friday, extending the previous day's near-three percent gains, as global markets were boosted by a better-than-expected reading on US jobs creation. The Hang Seng Index jumped 0.99 percent, or 248.93 points, to 25,373.12. The benchmark Shanghai Composite Index rose 2.01 percent, or 62.24 points, to 3,152.81 while the Shenzhen Composite Index on China's second exchange rallied 1.28 percent, or 25.84 points, to 2,041.89. Source : AFP

US Senate Passes Bill Targeting Entities Over China's Hong Kong Security Law

The U.S. Senate approved a bill Thursday that would penalize individuals or companies for conducting business with Chinese officials responsible for implementing Beijing's new national security law on Hong Kong. The Republican-led Senate unanimously passed the Hong Kong Autonomy Act one day after the Democratic majority House approved the measure without opposition. The approvals were a rare display of bipartisan support in the face of an erosion of autonomy in Hong Kong, a former British...

Colombia Arrests 8 More Suspects in Police Academy Car Bombing

Colombia has captured eight leftist rebels accused of killing at least 22 people in a bombing attack on a police academy. The National Liberation Army (ELN) claimed responsibility for the January 2019 car bombing in the capital Bogota. The rebel group claimed the attack was in retaliation for President Ivan Dugue™s refusal to respect a unilateral cease-fire declared by the leftist group in 2018. Duque on Thursday praised police and prosecutors for arresting those behind the terrorist...

Dow Ends With Near 150-point Drop as Investors Tackle U.S.-China Tensions
Friday, 29 May 2020 03:27 WIB | MARKET UPDATE |DOW JONESS & P 500SahamAS

U.S. stocks ended lower on Thursday as investors faced worries around an escalating U.S.-China spat.

The S&P 500 fell 0.2% to 3,030. The Dow Jones Industrial Average shed 148 points, or 0.6%, to 25,401, based on preliminary numbers. The Nasdaq Composite retreated 0.5% to 9,369. Equities turned south late in the session after President Donald Trump said he would hold a press conference on China on Friday.

This comes as Washington and Beijing spar over a new national-security law on Hong Kong, raising concerns that its status as an Asian financial hub would come under threat. In company news, shares of Twitter Inc. fell on Thursday after President Donald Trump said he would sign an executive order aimed at limiting legal protections for social media platforms.

Source : Marketwatch

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POPULAR NEWS
Crude Oil Lower; OPEC Disputes and Virus Cases Weigh

Oil markets slipped Friday as the resurgence of Covid-19 cases, particularly in the U.S., the largest consumer in the world, threatened the recovery of crude demand. At 7:30 AM ET (11:30 GMT), U.S. crude futures traded 1.2% lower at $40.15 a barrel. The international benchmark Brent contract rose 1.3% to $42.58. The U.S. has recorded around a quarter of the almost 11 million cases worldwide, according to data from Johns Hopkins University, and the number is growing rapidly. The U.S....

Dollar Rises as Risk Appetite Tempered by Rising COVID-19 Cases in U.S.

The dollar edged up on Friday but was set for its biggest weekly fall since the start of June, as a sentiment boost from better-than-expected jobs data in the United States was tempered by surging coronavirus cases. The U.S. Labor Department said on Thursday that payrolls surged in June but the reaction in currencies was limited. Even after two months of job recovery from May, the U.S. economy has regained just over a third of an historic plunge of 20.787 million jobs lost in April. Against...

Hong Kong Stocks End Week on Strong Note (Review)

Hong Kong shares ended higher Friday, extending the previous day's near-three percent gains, as global markets were boosted by a better-than-expected reading on US jobs creation. The Hang Seng Index jumped 0.99 percent, or 248.93 points, to 25,373.12. The benchmark Shanghai Composite Index rose 2.01 percent, or 62.24 points, to 3,152.81 while the Shenzhen Composite Index on China's second exchange rallied 1.28 percent, or 25.84 points, to 2,041.89. Source : AFP

US Senate Passes Bill Targeting Entities Over China's Hong Kong Security Law

The U.S. Senate approved a bill Thursday that would penalize individuals or companies for conducting business with Chinese officials responsible for implementing Beijing's new national security law on Hong Kong. The Republican-led Senate unanimously passed the Hong Kong Autonomy Act one day after the Democratic majority House approved the measure without opposition. The approvals were a rare display of bipartisan support in the face of an erosion of autonomy in Hong Kong, a former British...

Colombia Arrests 8 More Suspects in Police Academy Car Bombing

Colombia has captured eight leftist rebels accused of killing at least 22 people in a bombing attack on a police academy. The National Liberation Army (ELN) claimed responsibility for the January 2019 car bombing in the capital Bogota. The rebel group claimed the attack was in retaliation for President Ivan Dugue™s refusal to respect a unilateral cease-fire declared by the leftist group in 2018. Duque on Thursday praised police and prosecutors for arresting those behind the terrorist...

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