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POPULAR NEWS
Hong Kong Shares Begin On Negative Note

Hong Kong stocks started Monday with more losses, extending a sharp drop at the end of last week, after the city saw fresh street clashes over a controversial security law proposed by China. The Hang Seng Index fell 0.89 percent, or 204.44 points, to 22,725.70. China's benchmark Shanghai Composite Index edged up 0.09 percent, or 2.48 points, to 2,816.24, while the Shenzhen Composite Index on the country's second exchange dipped 0.09 percent, or 1.59 points, to 1,750.83. Source: AFP

Oil Dips as U.S.-China Tensions Add to Nerves on Global Economy

Oil edged lower as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand. Futures in New York lost 0.4% in Asian trading after falling 2% on Friday. China warned that some in the U.S. were pushing the countries toward a new Cold War, stoking concerns that deteriorating relations between the superpowers could complicate the market™s recovery from a historic demand crash. Beijing last week abandoned its decades-long practice...

Tokyo stocks open higher on virus hopes

Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo. The benchmark Nikkei 225 index was up 1.37 percent or 279.75 points at 20,667.91 in early trade, while the broader Topix index advanced 1.16 percent or 17.20 points to 1,495.00. Source:  AFP

U.S. Oil Futures Settle With a Loss of Nearly 6%
Wednesday, 18 September 2019 01:53 WIB | ENERGY |Minyak WTIOil,Crude Oil

Oil futures declined Tuesday, with U.S. prices losing nearly 6%. The move follows news that Saudi Arabia's energy minister Prince Abdulaziz bin Salman said the kingdom has restored 50% of its production lost in the weekend attacks on its oil facilities and plans to see its output return to normal by the end of this month, according to The Wall Street Journal.

With capacity of 11 million barrels a day to be restored by end-September, "there will be minimal disruption to global supply," wrote Caroline Bain, chief commodities economist at Capital Economics, in a note. "That said, there remain some important questions to be answered about the attacks, which may mean that we will have to consider a permanently higher risk premium in our price forecasts," she said.

October West Texas Intermediate oil fell $3.56, or 5.7%, to settle at $59.34 a barrel on the New York Mercantile Exchange. It rose nearly 15% Monday to settle at $62.90, the highest finish for a front-month contract since May 21, according to FactSet data.

Source : Marketwatch

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POPULAR NEWS
Hong Kong Shares Begin On Negative Note

Hong Kong stocks started Monday with more losses, extending a sharp drop at the end of last week, after the city saw fresh street clashes over a controversial security law proposed by China. The Hang Seng Index fell 0.89 percent, or 204.44 points, to 22,725.70. China's benchmark Shanghai Composite Index edged up 0.09 percent, or 2.48 points, to 2,816.24, while the Shenzhen Composite Index on the country's second exchange dipped 0.09 percent, or 1.59 points, to 1,750.83. Source: AFP

Oil Dips as U.S.-China Tensions Add to Nerves on Global Economy

Oil edged lower as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand. Futures in New York lost 0.4% in Asian trading after falling 2% on Friday. China warned that some in the U.S. were pushing the countries toward a new Cold War, stoking concerns that deteriorating relations between the superpowers could complicate the market™s recovery from a historic demand crash. Beijing last week abandoned its decades-long practice...

Tokyo stocks open higher on virus hopes

Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo. The benchmark Nikkei 225 index was up 1.37 percent or 279.75 points at 20,667.91 in early trade, while the broader Topix index advanced 1.16 percent or 17.20 points to 1,495.00. Source:  AFP

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