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POPULAR NEWS
Gold Trades Steady as Virus, Equities’ Advance Weighed

Spot gold was steady in Asian trading as investors weigh virus developments in the U.S amid expectations Asian equities will open higher on Monday. Asia stocks are set for a higher open on Monday as investors look to the start of earnings season for clues on how companies are faring in the pandemic. Spot gold +0.1% to $1,801.02 at 7:40 a.m. in Singapore. Spot silver gained for second day. Bloomberg Dollar Spot Index

Oil slips as traders eye supply cut easing at OPEC meeting

Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude LCOc1 fell 27 cents to $42.97 a barrel by 0114 GMT while U.S. West Texas Intermediate crude CLc1 was at $40.27 a barrel, down 28 cents. Oil was little changed last week as a resurgence of coronavirus cases prompted several U.S. states to impose tighter travel restrictions that could dampen...

Asia Pacific stocks jump as investors shrug off rising coronavirus cases

Stocks in Asia traded higher on Monday morning as investors shrug off concerns over the rising number of coronavirus cases stateside. The Nikkei 225 in Japan rose 1.34% in early trade as shares of conglomerate Softbank Group and robot maker Fanuc jumped more than 2% each. The Topix index also advanced 1.44%. South Korea™s Kospi gained 0.6%. Meanwhile, Australia™s S&P/ASX 200 added 1.44% as shares of major banks such as Commonwealth Bank of Australia and Westpac surged more than 2%...

Hong Kong stocks rise at open

Hong Kong shares opened with gains Monday on fresh hopes for a coronavirus vaccine, while traders were also looking ahead to the start of the corporate earnings season. The Hang Seng Index rose 0.47 percent, or 121.39 points, to 25,848.80. The benchmark Shanghai Composite Index dipped 0.12 percent, or 3.94 points, to 3,379.39, while the Shenzhen Composite Index on China's second exchange added 0.35 percent, or 7.80 points, to 2,258.81. Sumber : AFP

Dollar starts week on back foot ahead of data, earnings

The U.S. dollar started the week with a soft tone on Monday as investors looked to looming economic data from around the world and U.S. corporate earnings to gauge whether the markets™ guarded optimism on the economic outlook is justified. The greenback ended its third week of losses on Friday as investors bought into risk-sensitive currencies on bets that the worst of the pandemic™s sweeping impact was over. The dollar index against a basket of currencies stood at 96.586 =USD, down...

Oil prices set for biggest weekly drop since 2008
Friday, 13 March 2020 18:48 WIB | ENERGY |Minyak WTI

Oil prices were set for their biggest weekly slide since the 2008 financial crisis despite a 5% bounce on Friday, as the coronavirus outbreak threatened demand and crude producers promised more supply.

Brent crude (LCOc1) was up $1.83, or 5.5 on the day%, at $35.05 per barrel by 1100 GMT but were still 23% lower on the week - the biggest weekly drop since December 2008.

U.S. West Texas Intermediate (WTI) crude (CLc1) was up $1.54 cents, or 4.9%, at $33.05 per barrel but was also on track to lose a fifth of its value over the week.

World stocks were also set for their worst week since 2008, with the coronavirus sparking panic selling across markets.

Source: Reuters

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POPULAR NEWS
Gold Trades Steady as Virus, Equities’ Advance Weighed

Spot gold was steady in Asian trading as investors weigh virus developments in the U.S amid expectations Asian equities will open higher on Monday. Asia stocks are set for a higher open on Monday as investors look to the start of earnings season for clues on how companies are faring in the pandemic. Spot gold +0.1% to $1,801.02 at 7:40 a.m. in Singapore. Spot silver gained for second day. Bloomberg Dollar Spot Index

Oil slips as traders eye supply cut easing at OPEC meeting

Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude LCOc1 fell 27 cents to $42.97 a barrel by 0114 GMT while U.S. West Texas Intermediate crude CLc1 was at $40.27 a barrel, down 28 cents. Oil was little changed last week as a resurgence of coronavirus cases prompted several U.S. states to impose tighter travel restrictions that could dampen...

Asia Pacific stocks jump as investors shrug off rising coronavirus cases

Stocks in Asia traded higher on Monday morning as investors shrug off concerns over the rising number of coronavirus cases stateside. The Nikkei 225 in Japan rose 1.34% in early trade as shares of conglomerate Softbank Group and robot maker Fanuc jumped more than 2% each. The Topix index also advanced 1.44%. South Korea™s Kospi gained 0.6%. Meanwhile, Australia™s S&P/ASX 200 added 1.44% as shares of major banks such as Commonwealth Bank of Australia and Westpac surged more than 2%...

Hong Kong stocks rise at open

Hong Kong shares opened with gains Monday on fresh hopes for a coronavirus vaccine, while traders were also looking ahead to the start of the corporate earnings season. The Hang Seng Index rose 0.47 percent, or 121.39 points, to 25,848.80. The benchmark Shanghai Composite Index dipped 0.12 percent, or 3.94 points, to 3,379.39, while the Shenzhen Composite Index on China's second exchange added 0.35 percent, or 7.80 points, to 2,258.81. Sumber : AFP

Dollar starts week on back foot ahead of data, earnings

The U.S. dollar started the week with a soft tone on Monday as investors looked to looming economic data from around the world and U.S. corporate earnings to gauge whether the markets™ guarded optimism on the economic outlook is justified. The greenback ended its third week of losses on Friday as investors bought into risk-sensitive currencies on bets that the worst of the pandemic™s sweeping impact was over. The dollar index against a basket of currencies stood at 96.586 =USD, down...

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