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POPULAR NEWS
Oil prices fall 2% on demand concerns as coronavirus spreads outside China

Oil prices tumbled more than 2% on Monday as investors worried about a hit to demand from the coronavirus outbreak, which is spreading rapidly outside China. Brent crude fell by $1.50 or 2.5% to $57.00 a barrel by 2332 GMT. U.S. crude futures fell by $1.26 or 2.3% to $52.12. Concerns about the coronavirus grew on Sunday after sharp rises in infections in South Korea, Italy and Iran. South Korea's government put the country on high alert after the number of infections surged to over 600 with...

Gold price rally has revived demand for call options, risk reversals show

Gold's recent rally has bolstered bullish expectations and revived demand for call options, which gives the holder a right but not the obligation to buy the yellow metal at an agreed price on or before a particular date. The yellow metal broke out of a contracting triangle last week, resuming the rally from November lows near $1,475 and rose to a seven-year high of $1,681 in the early Asian session on Monday. At press time, gold is trading at $1,660 per Oz, representing a 6.27% gain on the...

Gold Prices Expected To Maintain Upward Momentum

Gold has enormous upward momentum at the moment, and that left participants in the weekly Kitco gold survey overwhelmingly expecting prices to keep rising this week due to the combination of  chart-based momentum and ongoing worries about the coronavirus outbreak. The metal soared to a seven-year high on last Friday, fueled by the continued spread of the virus around the world and prompting worries this will dent economic growth. Some observers also cited expectations for continuing soft...

Hong Kong stocks sharply down at open

Hong Kong stocks extended losses at the start of trade on Monday as investors fret over the spread of the deadly coronavirus around the world. The Hang Seng Index fell 0.75 percent, or 203.46 points, to 27,105.35. The benchmark Shanghai Composite Index dropped 0.39 percent, or 11.78 points, to 3,027.89 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, was 0.09 percent, or 1.79 points, down at 1,905.56. Source: AFP

Hong Kong stocks end morning with steep losses

Hong Kong stocks fell more than one percent in the morning session Monday on growing concerns about the global spread of the coronavirus, while energy firms were hit by a plunge in oil prices. The Hang Seng Index dived 1.48 percent, or 404.97 points, to 26,903.84 by the break. Source: AFP

Australia's Unemployment Rises in August
Thursday, 19 September 2019 08:52 WIB | ECONOMY |UnemploymentEkonomi AustraliaTingkat Pengangguran,

Australia's unemployment rate rose in August reflecting a slowdown in the economy, and adding to a fast-growing case for interest rates to be cut further in coming months.

Unemployment rose to a seasonally adjusted 5.3% in August from 5.2% in July, as employment growth of 34,700 over the month was outpaced by a jump in the number of people seeking work. Economists had expected an unemployment rate of 5.2% in August, with 20,000 jobs added to the economy.

Rising unemployment will alarm the RBA which cut interest rates in June and July saying it needed to see faster GDP growth and a fall in the jobless rate to 4.5% to spark wages growth and nudge inflation higher.

Full-time job creation fell 15,500 in August, while part-time increased by 50,200, the Australian Bureau of Statistics said Thursday.

Australia's economy grew at its slowest annual pace since 2009 in the second quarter, with a big contribution from export growth keeping the result respectable.

The economy has been sluggish since mid-2018 as consumer spending has slowed due to years of weak wages growth and a big jump in household debt.

RBA Governor Philip Lowe said recently that he sees signs of a "gentle turning point" for the economy. The RBA cut interest rates for the first time since 2016 this year, and the government rolled out income tax cuts, amid hopes the tonic would help to spur more confidence and spending.

Source : Bloomberg       

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POPULAR NEWS
Oil prices fall 2% on demand concerns as coronavirus spreads outside China

Oil prices tumbled more than 2% on Monday as investors worried about a hit to demand from the coronavirus outbreak, which is spreading rapidly outside China. Brent crude fell by $1.50 or 2.5% to $57.00 a barrel by 2332 GMT. U.S. crude futures fell by $1.26 or 2.3% to $52.12. Concerns about the coronavirus grew on Sunday after sharp rises in infections in South Korea, Italy and Iran. South Korea's government put the country on high alert after the number of infections surged to over 600 with...

Gold price rally has revived demand for call options, risk reversals show

Gold's recent rally has bolstered bullish expectations and revived demand for call options, which gives the holder a right but not the obligation to buy the yellow metal at an agreed price on or before a particular date. The yellow metal broke out of a contracting triangle last week, resuming the rally from November lows near $1,475 and rose to a seven-year high of $1,681 in the early Asian session on Monday. At press time, gold is trading at $1,660 per Oz, representing a 6.27% gain on the...

Gold Prices Expected To Maintain Upward Momentum

Gold has enormous upward momentum at the moment, and that left participants in the weekly Kitco gold survey overwhelmingly expecting prices to keep rising this week due to the combination of  chart-based momentum and ongoing worries about the coronavirus outbreak. The metal soared to a seven-year high on last Friday, fueled by the continued spread of the virus around the world and prompting worries this will dent economic growth. Some observers also cited expectations for continuing soft...

Hong Kong stocks sharply down at open

Hong Kong stocks extended losses at the start of trade on Monday as investors fret over the spread of the deadly coronavirus around the world. The Hang Seng Index fell 0.75 percent, or 203.46 points, to 27,105.35. The benchmark Shanghai Composite Index dropped 0.39 percent, or 11.78 points, to 3,027.89 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, was 0.09 percent, or 1.79 points, down at 1,905.56. Source: AFP

Hong Kong stocks end morning with steep losses

Hong Kong stocks fell more than one percent in the morning session Monday on growing concerns about the global spread of the coronavirus, while energy firms were hit by a plunge in oil prices. The Hang Seng Index dived 1.48 percent, or 404.97 points, to 26,903.84 by the break. Source: AFP

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