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POPULAR NEWS
Gold futures finish at their highest in more than 2 weeks

Gold futures settled at a more than two-week high on Thursday, as worries surrounding the spread of the coronavirus led to weakness in the U.S. stock market and a fall in bond yields, lifting the haven appeal of the precious metal. "Appetite towards the precious metal should remain supported by growing fears over the coronavirus outbreak in China," said Lukman Otunuga, senior research analyst at FXTM. "The general uncertainty is likely to accelerate the flight to safety with gold seen testing...

Gold Gains as Virus Concerns Weigh on Risk Appetite

Gold advanced as risk aversion returned to markets amid ongoing efforts to control the widening coronavirus outbreak. Chinese officials halted travel from a city of 11 million as they try to stop the spread of the new SARS-like virus, while the World Health Organization delayed a decision on whether to declare the outbreak an international emergency. The coronavirus, which first appeared last month in Wuhan in central China, has killed at least 17 people and infected...

Hong Kong Stocks Sharply Down on Virus Fears (Review)

Hong Kong equities closed sharply lower on Thursday as investors took flight over the deadly SARS -like virus that has spread from China. The Hang Seng Index fell 1.52 percent, or 431.92 points, to end at 27,909.12. The benchmark Shanghai Composite Index losing 2.75 percent, or 84.23 points, to close at 2,976.53, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, tumbled 3.45 percent, or 62.79 points, to 1,756.82 at the finish. Source : AFP

Gold Dips on Profit-Taking, Rate Expectations Cap Losses

Gold eased on Thursday as investors booked profits from recent rallies but held above the $1,550 technical support level on continuing low interest rates and a drop in risk appetite. Spot gold was down 0.3% at $1,554.24 an ounce. U.S. gold futures fell 0.2% to $1,553.80. Gold broke above the psychological barrier of $1,500 an ounce in late December on uncertainty surrounding the U.S.-China trade deal and the global economy. Bullion climbed further to a near-seven-year peak of $1,610.90 on...

Gold Inches Lower as Investors Seek Clarity on Virus Severity

Gold edged lower on Friday as investors sought details on the severity of the China virus after the World Health Organisation stopped short of announcing the outbreak as a global emergency. Spot gold fell 0.2% to $1,559.28 per ounce by 0748 GMT, but was on track to gain 0.2% for the week. U.S. gold futures slipped 0.4% to $1,559.30. Asian shares inched higher following the WHO statement on Thursday that the new China virus does not yet constitute an international emergency. However,...

Strong U.K. Wage Growth Continues Amid Tight Labor Market
Tuesday, 14 May 2019 15:53 WIB | ECONOMY |

British workers are enjoying a resurgence of bargaining power as labor shortages leave employers struggling to fill jobs.

Basic pay rose an annual 3.3% in the first quarter, close to the fastest pace since 2008, Office for National Statistics figures published Tuesday show. Pay including bonuses rose 3.2%. Wage growth was less than 3% a year ago.

The increase came as the number of people in work rose by 99,000, taking the jobless rate to a 44-year low of 3.8%. The employment rate stayed at a record high of 76.1%.

A buoyant labor market helps to explain the resilience of consumer spending, which along with Brexit stockpiling drove the economy last quarter. Wage growth is now easily outpacing inflation, which averaged less than 2% between January and March.

Companies are failing to increase productivity at the same pace, however, with figures Tuesday showing that output per hour was 0.2 percent lower than a year earlier. The result is that unit labor costs, a measure of domestically generated inflation watched by Bank of England rate setters, are accelerating.

There was some good news for firms facing labor shortages as the number of EU nationals working in the U.K. rose to a record-high of 2.38 million, up 98,000 from a year earlier. The rise was primarily driven by Bulgarians and Romanians, with little increase among citizens of older EU countries and those that joined in 2004.

Employment has been fuelled by a sharp fall in economic inactivity. The growth has been driven by full-time work, and was especially strong among women and the over-50s. While the increase last quarter marked a slowdown from the stellar gains seen around the turn of the year, it may have been partly due to a lack of suitable candidates.

Source : Bloomberg

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POPULAR NEWS
Gold futures finish at their highest in more than 2 weeks

Gold futures settled at a more than two-week high on Thursday, as worries surrounding the spread of the coronavirus led to weakness in the U.S. stock market and a fall in bond yields, lifting the haven appeal of the precious metal. "Appetite towards the precious metal should remain supported by growing fears over the coronavirus outbreak in China," said Lukman Otunuga, senior research analyst at FXTM. "The general uncertainty is likely to accelerate the flight to safety with gold seen testing...

Gold Gains as Virus Concerns Weigh on Risk Appetite

Gold advanced as risk aversion returned to markets amid ongoing efforts to control the widening coronavirus outbreak. Chinese officials halted travel from a city of 11 million as they try to stop the spread of the new SARS-like virus, while the World Health Organization delayed a decision on whether to declare the outbreak an international emergency. The coronavirus, which first appeared last month in Wuhan in central China, has killed at least 17 people and infected...

Hong Kong Stocks Sharply Down on Virus Fears (Review)

Hong Kong equities closed sharply lower on Thursday as investors took flight over the deadly SARS -like virus that has spread from China. The Hang Seng Index fell 1.52 percent, or 431.92 points, to end at 27,909.12. The benchmark Shanghai Composite Index losing 2.75 percent, or 84.23 points, to close at 2,976.53, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, tumbled 3.45 percent, or 62.79 points, to 1,756.82 at the finish. Source : AFP

Gold Dips on Profit-Taking, Rate Expectations Cap Losses

Gold eased on Thursday as investors booked profits from recent rallies but held above the $1,550 technical support level on continuing low interest rates and a drop in risk appetite. Spot gold was down 0.3% at $1,554.24 an ounce. U.S. gold futures fell 0.2% to $1,553.80. Gold broke above the psychological barrier of $1,500 an ounce in late December on uncertainty surrounding the U.S.-China trade deal and the global economy. Bullion climbed further to a near-seven-year peak of $1,610.90 on...

Gold Inches Lower as Investors Seek Clarity on Virus Severity

Gold edged lower on Friday as investors sought details on the severity of the China virus after the World Health Organisation stopped short of announcing the outbreak as a global emergency. Spot gold fell 0.2% to $1,559.28 per ounce by 0748 GMT, but was on track to gain 0.2% for the week. U.S. gold futures slipped 0.4% to $1,559.30. Asian shares inched higher following the WHO statement on Thursday that the new China virus does not yet constitute an international emergency. However,...

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