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POPULAR NEWS
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

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...

Oil Holds Above $48 on Optimism About Inventories and Trade Deal
Tuesday, 8 January 2019 13:35 WIB | ENERGY |MinyakWTIBrentOil,

Oil held gains after its longest rally in almost 1 1/2 years on optimism the world's two largest economies would reach a trade deal and an American crude build-up might slow.

Futures in New York were little changed following six days of gains, the longest winning streak since July 2017. There's a œvery good chance the U.S. gets a reasonable deal with China, Commerce Secretary Wilbur Ross told CNBC Monday, as trade negotiations began in Beijing. Meanwhile, expectations for a nationwide decline in U.S. crude inventories alleviated worries about a supply glut.

West Texas Intermediate for February delivery increased as much as 44 cents to $48.96 a barrel on the New York Mercantile Exchange, and traded 3 cents lower at $48.49 a barrel at 2:01 p.m. in Singapore. Prices rose more than 7 percent for six sessions up until Monday.

Brent for March settlement slipped 6 cents to $57.27 a barrel on the ICE Futures Europe Exchange in London. The contract closed 0.5 percent higher at $57.33 on Monday. The global benchmark crude traded at an $8.47 a barrel premium to WTI for the same month.

Source: Bloomberg

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POPULAR NEWS
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

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...

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