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POPULAR NEWS
Gold Drops 2nd Day on Rising Stocks, Trade Comments

Gold declined for a second day as investors favored riskier assets and weighed President Donald Trump™s comments on trade talks with China. Stocks in Asia gained along with U.S. futures Monday, while Treasury yieldscontinued to recover from multi-year lows reached last week, when an inversion in the yield curve sparked recession worries. Trump said the U.S. is œdoing very well with China, and talking! but suggested he wasn™t ready to sign a trade deal, hours...

Oil Holds Gains After Drone Attack Fails to Disrupt Saudi Output

Crude held gains after a drone attack on oil and gas facilities in Saudi Arabia underscored geopolitical risk in the Middle East and as investors assess signs of progress in trade negotiations with China. Futures on Monday were little changed after climbing 0.7% on Friday. Saudi Arabian Oil Co. said oil operations weren™t interrupted after a small fire was extinguished at a natural gas liquids plant at the at the Shaybah field. President Donald Trump said in a...

Tokyo Stocks Open Higher Following Wall St Climb

Tokyo stocks opened higher on Monday, tracking rallies on Wall Street with all eyes on key events this week including a major speech by the US Federal Reserve chief. The benchmark Nikkei 225 index was up 0.90 percent, or 182.81 points, at 20,601.62 in early trade, while the broader Topix index climbed 0.68 percent, or 10.17 points, to 1,495.46. Source : AFP

Hong Kong Stocks Sharply Up At Break

Hong Kong shares ended Monday's morning session with strong gains following a healthy lead from Wall Street and fuelled by fresh hopes for China-US trade talks. The Hang Seng Index jumped 1.87 percent, or 482.01 points, to 26,216.23. Source : AFP

Hong Kong Stocks Rally At Open

Hong Kong stocks jumped more than one percent in the first few minutes of Monday's business, boosted by fresh hopes for trade talks between China and the United States. The Hang Seng Index climbed 1.01 percent, or 260.58 points, to 25,994.80 at the open. And the benchmark Shanghai Composite Index added 0.41 percent, or 11.70 points, to 2,835.52, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 1.10 percent, or 16.84 points, to 1,542.32. Source : AFP

Dollar soft after Powell bolsters Fed rate cut bets
Thursday, 11 July 2019 08:11 WIB | CURRENCIES |DOLLAR Indeks DolarDolar AS

The dollar was soft on Thursday after Federal Reserve Chairman Jerome Powell set the stage for a rate cut later this month, vowing to "act as appropriate" to ensure the world's biggest economy will be able to sustain a decade-long expansion.

In testimony to Congress, Powell pointed to œbroad global weakness that was clouding the U.S. economic outlook amid uncertainty about the fallout from the Trump administration™s trade conflict with China and other nations.

Adding to a generally dovish tone in his testimony, the minutes from the Fed's previous policy meeting showed many policy makers thought more stimulus would be needed soon, reviving speculation of an aggressive rate cut.

The euro traded at $1.1260, little changed in early Asia after having gained 0.38% the previous day.

The dollar dipped 0.1% to 108.31 yen, extending its slide from a six-week high of 108.99 set on Wednesday before Powell's testimony.

The dollar's index against six major currencies slipped about 0.4% on Wednesday, turning negative on the week, to 97.104.

Source : Reuters

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POPULAR NEWS
Gold Drops 2nd Day on Rising Stocks, Trade Comments

Gold declined for a second day as investors favored riskier assets and weighed President Donald Trump™s comments on trade talks with China. Stocks in Asia gained along with U.S. futures Monday, while Treasury yieldscontinued to recover from multi-year lows reached last week, when an inversion in the yield curve sparked recession worries. Trump said the U.S. is œdoing very well with China, and talking! but suggested he wasn™t ready to sign a trade deal, hours...

Oil Holds Gains After Drone Attack Fails to Disrupt Saudi Output

Crude held gains after a drone attack on oil and gas facilities in Saudi Arabia underscored geopolitical risk in the Middle East and as investors assess signs of progress in trade negotiations with China. Futures on Monday were little changed after climbing 0.7% on Friday. Saudi Arabian Oil Co. said oil operations weren™t interrupted after a small fire was extinguished at a natural gas liquids plant at the at the Shaybah field. President Donald Trump said in a...

Tokyo Stocks Open Higher Following Wall St Climb

Tokyo stocks opened higher on Monday, tracking rallies on Wall Street with all eyes on key events this week including a major speech by the US Federal Reserve chief. The benchmark Nikkei 225 index was up 0.90 percent, or 182.81 points, at 20,601.62 in early trade, while the broader Topix index climbed 0.68 percent, or 10.17 points, to 1,495.46. Source : AFP

Hong Kong Stocks Sharply Up At Break

Hong Kong shares ended Monday's morning session with strong gains following a healthy lead from Wall Street and fuelled by fresh hopes for China-US trade talks. The Hang Seng Index jumped 1.87 percent, or 482.01 points, to 26,216.23. Source : AFP

Hong Kong Stocks Rally At Open

Hong Kong stocks jumped more than one percent in the first few minutes of Monday's business, boosted by fresh hopes for trade talks between China and the United States. The Hang Seng Index climbed 1.01 percent, or 260.58 points, to 25,994.80 at the open. And the benchmark Shanghai Composite Index added 0.41 percent, or 11.70 points, to 2,835.52, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 1.10 percent, or 16.84 points, to 1,542.32. Source : AFP

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