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POPULAR NEWS
Hong Kong Stocks Soar on Trade Deal Reports (Review)

Hong Kong stocks jumped more than two percent Friday after reports said China and the US had finally reached a partial trade agreement that will see Washington cancel tariffs due to be imposed at the weekend. The Hang Seng index soared 2.57 percent, or 693.62 points, to 27,687.76. The benchmark Shanghai Composite Index added 1.78 percent, or 51.98 points, to 2,967.68 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rallied 1.48 percent, or 24.22 points, to...

Stock market books tepid gains to end the week as market weighs merits of limited China trade-deal

The S&P 500 and the Nasdaq Composite finished the week at records Friday but enthusiasm over an announced China-U.S. partial trade deal, which had sparked buying Thursday, faded as investors weighed aspects of the so-called phase-one pact. The Dow Jones Industrial Average closed up about 0.01% at 28,135, missing a record close at 28,164, while the S&P 500 index advanced less than 0.01% to 3,169, enough for a fresh all time high. The Nasdaq Composite Index closed up 0.2% to end at...

Oil Tumbles Most in Two Months as Trump Promises Lower Prices
Saturday, 27 April 2019 04:01 WIB | COMMODITY |MinyakWTIBrent

Oil slid by the most in two months as U.S. President Donald Trump pressed OPEC to cut prices and doubts grew about the impact of supply squeezes from Russia and Iran.

Futures in New York sank 2.9 percent Friday, wiping away gains from earlier in the week that followed America™s vow of tougher sanctions on Iran. Trump, speaking at the White House, said he™d called the producer cartel and demanded they bring down gasoline prices. Reports of readily available replacements for contaminated Russian oil also sapped momentum.

Crude hit a six-month high this week after the U.S. said it wouldn™t renew waivers allowing China and other major economies to import 1.4 million Iranian barrels a day. Yet how tight those sanctions will ultimately be remains in question. The market looked ready for a pullback anyway, with optimistic bets on prices far outweighing pessimistic ones, said Bob Yawger, futures director at Mizuho Securities USA.

West Texas Intermediate for June delivery slid $1.91 to $63.30 a barrel on the New York Mercantile Exchange, its biggest daily loss since late February. The contract recorded its first weekly decline -- 1.1 percent -- since March 1.

Brent for June settlement sank $2.20, or 3 percent, to $72.15 a barrel on the London-based ICE Futures Europe exchange, just a day after topping $75.

Source : Bloomberg

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POPULAR NEWS
Hong Kong Stocks Soar on Trade Deal Reports (Review)

Hong Kong stocks jumped more than two percent Friday after reports said China and the US had finally reached a partial trade agreement that will see Washington cancel tariffs due to be imposed at the weekend. The Hang Seng index soared 2.57 percent, or 693.62 points, to 27,687.76. The benchmark Shanghai Composite Index added 1.78 percent, or 51.98 points, to 2,967.68 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rallied 1.48 percent, or 24.22 points, to...

Stock market books tepid gains to end the week as market weighs merits of limited China trade-deal

The S&P 500 and the Nasdaq Composite finished the week at records Friday but enthusiasm over an announced China-U.S. partial trade deal, which had sparked buying Thursday, faded as investors weighed aspects of the so-called phase-one pact. The Dow Jones Industrial Average closed up about 0.01% at 28,135, missing a record close at 28,164, while the S&P 500 index advanced less than 0.01% to 3,169, enough for a fresh all time high. The Nasdaq Composite Index closed up 0.2% to end at...

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