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POPULAR NEWS
Gold Heads for Weekly Gain Amid Virus Woes, Jobs Data

Gold headed for a fourth weekly gain as concerns over the resurgence of coronavirus cases countered better-than-expected monthly U.S. jobs data. Texas ordered residents to wear masks, reversing course as it reported its second-most daily infections of the outbreak, while Florida™s largest county, Miami-Dade, will impose a curfew. The novel coronavirus is showing some signs of mutating in a way that may make it easier for the pathogen to spread, according to Anthony...

Oil Set for Weekly Gain With Economic Optimism Outweighing Virus

Oil slipped Friday but remained on track for a weekly gain as aggressive supply cuts and better-than-expected U.S. economic data overshadowed a surge in coronavirus cases in the world™s largest economy. Futures in New York fell toward $40 a barrel in Asian trading, but are still up almost 5% for the week. Crude rose along with broader markets on Thursday as data showed a rebound in the U.S. jobs market accelerated in June. That came after American crude stockpiles fell by the most...

Emas dan Saham Telah Berdamai

Untuk pertama kalinya tren indeks berjangka emas tidak terpengaruh oleh sentimen pasar saham selama masa pandemi COVID-19. Di sisi lain, emas saat ini cenderung dipengaruhi oleh tingkat imbal hasil riil (real yield) dari pasar obligasi, khususnya obligasi AS alias US Treasury tenor 10 tahun. Saat real yield obligasi terus bergerak turun akan membuat harga emas semakin menarik. Perburuan aset safe haven seperti emas belum akan berhenti hingga kepastian vaksin COVID-19 telah final. Satu hal...

Gold flat as virus fears offset gains in equities

Gold prices were little changed on Friday as worries over an accelerating number of coronavirus cases countered a fillip to risk sentiment from positive U.S. and Chinese economic data.      Spot gold was mostly unchanged at $1,774.75 per ounce by 9:31 GMT. Most U.S. markets are closed on Friday ahead of Independence Day on July 4. U.S. gold futures eased 0.3% to $1,785.40 per ounce. Elsewhere, Palladium fell 0.5% to $1,892.02 per ounce, while platinum rose 0.45 % to...

Oil Falls As Virus Resurgence Fears Weigh On Fuel Demand Recovery

Oil prices eased on Friday, reversing earlier gains, as the resurgence of the coronavirus globally and in the United States, the world™s largest oil consumer, stoked worries that a fuel demand recovery could stall. Brent crude LCOc1 futures were down 29 cents, or 0.7%, at $42.85 a barrel as of 0339 GMT, and U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 31 cents, or 0.8%, to $40.34 a barrel. Both benchmarks rose more than 2% on Thursday, buoyed by stronger-than-expected U.S....

ECB Strengthens Stimulus to Boost Euro Area Amid Inflation Slump
Thursday, 6 June 2019 19:15 WIB | FISCAL & MONETARY | ECBMoneterMonetary

The European Central Bank stepped up support for the euro-area economy by extending its pledge to keep interest rates at record lows, while also reaching agreement on how to infuse lenders with more cheap cash.

The Governing Council, which met in Vilnius, now expects borrowing costs to stay on hold at least through the first half of 2020, or six months longer than previously. The cost of long-term bank loans can fall as low as the deposit rate, currently minus 0.4%, plus 0.1 percentage point.

The euro was trading 0.4% higher at $1.1260 at 1:54 p.m. Frankfurt time. German bond yields rose.

The ECB™s move echoes dovish turns by central banks elsewhere as the global economy is buffeted by trade tensions. Australia cut interest rates on Tuesday for the first time in three years, the U.S. Federal Reserve has signaled an openness to easing if necessary, and the Bank of Japan might add stimulus. India reduced its key rate on Thursday and changed its stance to accommodative.

President Mario Draghi will hold a press conference at 3:30 p.m. Vilnius time to present updated economic forecasts and elaborate on the Governing Council™s discussions.

Policy makers also agreed on the terms for a new round of long-term loans to banks, which will be offered starting in September. The long-term loans to banks will initially be priced at the main refinancing rate plus 0.1 percentage point, but can fall lower if banks meet lending quotas, according to the statement.

The ECB™s actions might be the last salvo for Draghi, who retires in October. A decision on his successor has yet to emerge from haggling among European politicians.

Recent euro-zone economic data have been mixed, and in some cases signal the slowdown may be bottoming out. Figures on Thursday morning showed German factory orders rising for a second straight month in April, and euro-zone GDP was confirmed as being fairly robust in the first quarter, led by investment and household spending.

Still, inflation has weakened and market-based inflation expectations are at their lowest since 2016. Before Thursday™s meeting, investors were betting on a cut in the deposit rate next year, and some economists suggested QE could be restarted.

Source: Bloomberg

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POPULAR NEWS
Gold Heads for Weekly Gain Amid Virus Woes, Jobs Data

Gold headed for a fourth weekly gain as concerns over the resurgence of coronavirus cases countered better-than-expected monthly U.S. jobs data. Texas ordered residents to wear masks, reversing course as it reported its second-most daily infections of the outbreak, while Florida™s largest county, Miami-Dade, will impose a curfew. The novel coronavirus is showing some signs of mutating in a way that may make it easier for the pathogen to spread, according to Anthony...

Oil Set for Weekly Gain With Economic Optimism Outweighing Virus

Oil slipped Friday but remained on track for a weekly gain as aggressive supply cuts and better-than-expected U.S. economic data overshadowed a surge in coronavirus cases in the world™s largest economy. Futures in New York fell toward $40 a barrel in Asian trading, but are still up almost 5% for the week. Crude rose along with broader markets on Thursday as data showed a rebound in the U.S. jobs market accelerated in June. That came after American crude stockpiles fell by the most...

Emas dan Saham Telah Berdamai

Untuk pertama kalinya tren indeks berjangka emas tidak terpengaruh oleh sentimen pasar saham selama masa pandemi COVID-19. Di sisi lain, emas saat ini cenderung dipengaruhi oleh tingkat imbal hasil riil (real yield) dari pasar obligasi, khususnya obligasi AS alias US Treasury tenor 10 tahun. Saat real yield obligasi terus bergerak turun akan membuat harga emas semakin menarik. Perburuan aset safe haven seperti emas belum akan berhenti hingga kepastian vaksin COVID-19 telah final. Satu hal...

Gold flat as virus fears offset gains in equities

Gold prices were little changed on Friday as worries over an accelerating number of coronavirus cases countered a fillip to risk sentiment from positive U.S. and Chinese economic data.      Spot gold was mostly unchanged at $1,774.75 per ounce by 9:31 GMT. Most U.S. markets are closed on Friday ahead of Independence Day on July 4. U.S. gold futures eased 0.3% to $1,785.40 per ounce. Elsewhere, Palladium fell 0.5% to $1,892.02 per ounce, while platinum rose 0.45 % to...

Oil Falls As Virus Resurgence Fears Weigh On Fuel Demand Recovery

Oil prices eased on Friday, reversing earlier gains, as the resurgence of the coronavirus globally and in the United States, the world™s largest oil consumer, stoked worries that a fuel demand recovery could stall. Brent crude LCOc1 futures were down 29 cents, or 0.7%, at $42.85 a barrel as of 0339 GMT, and U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 31 cents, or 0.8%, to $40.34 a barrel. Both benchmarks rose more than 2% on Thursday, buoyed by stronger-than-expected U.S....

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