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POPULAR NEWS
Gold eases after breaching $1,450/oz on rate-cut hopes, Iran tensions

Gold eased on Friday as investors locked in profits after the bullion surpassed $1,450 an ounce for the first time in more than six years on dovish signals on monetary policy from the U.S. Federal Reserve and fresh tensions in the Middle East. Spot gold hit $1,452.60 an ounce in early trade, its highest since May 2013, and was down 0.5% at $1,439.41, as of 07:41 GMT. The metal is on track for a second straight weekly gain. U.S. gold futures jumped about 1% to $1,440.50. At a central...

Hong Kong stocks close down (Review)

Hong Kong stocks ended with more losses Thursday, in line with a broad sell-off across Asia following a negative lead from Wall Street with energy firms hit by falling oil price The Hang Seng Index dropped 0.46 percent, or 131.51 points to 28,461.66. The benchmark Shanghai Composite Index sank 1.04 percent, or 30.51 points, to 2,901.18, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 1.63 percent, or 25.71 points, to 1,548.64. Source  : AFP

Gold Hits 6-Year High on Rate Outlook; Silver Climbs

Gold touched a fresh six-year high amid dovish comments from Federal Reserve officials and increased Middle East tensions. Silver heads for the biggest weekly gain since July 2016. Both metals gained after two senior Federal Reserve officials stressed the need to act quickly if the U.S. economy looked likely to stumble. Investors are also weighing tensions between U.S. and Iran as President Donald Trump said the U.S. œimmediately destroyed an Iranian drone that approached the...

Hong Kong Stocks Open Higher On Friday Morning

Hong Kong stocks started Friday morning with small gains after two days of losses with buying supported by fresh hopes of a deep interest rate cut by the Federal Reserve later this month. The Hang Seng Index rose 0.43 percent, or 123.49 points, to 28,585.15. The benchmark Shanghai Composite Index added 0.29 percent, or 8.50 points, to 2,909.68 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.37 percent, or 5.77 points, to 1,554.41. Source : AFP

Gold extends rise, as yellow metal's monster rally persists

Gold futures rose on Friday, adding to a push toward fresh six-year highs, amid a backdrop of lower interest rates and monetary-policy easing that bulls deem ideal for the metal to rally. August gold trading was gaining $10.70, or 0.8%, to $1,438.80 an ounce, after hitting $1,448 an ounce in electronic trade Thursday at 4 p.m. Eastern time. Thursday™s settlement was the loftiest for a most-active contract since May 13, 2013, marking a fresh 52-week high for the commodity, according to Dow...

ECB pushes out rate hike, offers cheap cash to banks
Thursday, 7 March 2019 22:20 WIB | FISCAL & MONETARY |EropaBank Sentral Eropa ECB

The European Central Bank changed tack on its tightening plan on Thursday, pushing out the timing of its first post-crisis rate hike until 2020 at the earliest and offering banks a new round of cheap loans to help revive the euro zone economy.

The bolder-than-expected move came as the U.S. Federal Reserve and other central banks around the world are also holding back on rate hikes. It underlined how a global trade war, Brexit uncertainty and simmering debt concerns in Italy are taking their toll on economic growth across Europe.

Whereas the bank had previously said rates would remain at their record low levels through the summer, it said it now expected them to stay there œat least through the end of 2019.

The ECB now sees euro zone growth at barely 1.1 percent this year, compared to the 1.7 percent it projected in December.

In addition, it launched a third Targeted Long-Term Refinancing Operation (TLTRO III) consisting of two-year loans partly aimed at helping banks roll over 720 billion euros in existing TLTROs and so avoiding a credit squeeze that could exacerbate the economic slowdown.

Commercial banks have already started restricting credit in the face of falling industrial output and exports.

As reported by Reuters, the new loans will carry a floating rate tied to the ECB™s main refinancing operation, currently set at zero.

Source: Reuters

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POPULAR NEWS
Gold eases after breaching $1,450/oz on rate-cut hopes, Iran tensions

Gold eased on Friday as investors locked in profits after the bullion surpassed $1,450 an ounce for the first time in more than six years on dovish signals on monetary policy from the U.S. Federal Reserve and fresh tensions in the Middle East. Spot gold hit $1,452.60 an ounce in early trade, its highest since May 2013, and was down 0.5% at $1,439.41, as of 07:41 GMT. The metal is on track for a second straight weekly gain. U.S. gold futures jumped about 1% to $1,440.50. At a central...

Hong Kong stocks close down (Review)

Hong Kong stocks ended with more losses Thursday, in line with a broad sell-off across Asia following a negative lead from Wall Street with energy firms hit by falling oil price The Hang Seng Index dropped 0.46 percent, or 131.51 points to 28,461.66. The benchmark Shanghai Composite Index sank 1.04 percent, or 30.51 points, to 2,901.18, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 1.63 percent, or 25.71 points, to 1,548.64. Source  : AFP

Gold Hits 6-Year High on Rate Outlook; Silver Climbs

Gold touched a fresh six-year high amid dovish comments from Federal Reserve officials and increased Middle East tensions. Silver heads for the biggest weekly gain since July 2016. Both metals gained after two senior Federal Reserve officials stressed the need to act quickly if the U.S. economy looked likely to stumble. Investors are also weighing tensions between U.S. and Iran as President Donald Trump said the U.S. œimmediately destroyed an Iranian drone that approached the...

Hong Kong Stocks Open Higher On Friday Morning

Hong Kong stocks started Friday morning with small gains after two days of losses with buying supported by fresh hopes of a deep interest rate cut by the Federal Reserve later this month. The Hang Seng Index rose 0.43 percent, or 123.49 points, to 28,585.15. The benchmark Shanghai Composite Index added 0.29 percent, or 8.50 points, to 2,909.68 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.37 percent, or 5.77 points, to 1,554.41. Source : AFP

Gold extends rise, as yellow metal's monster rally persists

Gold futures rose on Friday, adding to a push toward fresh six-year highs, amid a backdrop of lower interest rates and monetary-policy easing that bulls deem ideal for the metal to rally. August gold trading was gaining $10.70, or 0.8%, to $1,438.80 an ounce, after hitting $1,448 an ounce in electronic trade Thursday at 4 p.m. Eastern time. Thursday™s settlement was the loftiest for a most-active contract since May 13, 2013, marking a fresh 52-week high for the commodity, according to Dow...

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