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European markets close higher after unveiling of EU’s recovery plan; Renault shares rise 17%
Wednesday, 27 May 2020 23:45 WIB

European stocks closed higher Wednesday, following the unveiling of a huge coronavirus recovery package from the EU. The pan-European Stoxx 600 index finished 0.2% higher with strong gains for the major bourses in Germany, France and the U.K. Bank stocks rising almost 4% to lead gains while health shares declined 2.5% to lead the losses. Investors digested the European Commission™s plan for...

U.K. Retail Sales Fall by a Record 18% in April, Clothing Sales Slump 50%
Friday, 22 May 2020 13:44 WIB

A nationwide lockdown due to the coronavirus outbreak triggered a record fall in U.K. retail sales in April, the Office for National Statistics reported Friday. The volume of sales fell 18.1% in April on the year, the biggest monthly drop on record, following a slide of 5.2% in March. All sectors saw a monthly decline in volume sales except for a record rise in sales for non-store retailing of...

Gold Slides Below $1,700 an Ounce as Stock-Market Rally Dulls Haven Appeal
Wednesday, 27 May 2020 19:57 WIB

Gold lost ground Wednesday, sliding below the psychologically important $1,700-an-ounce level as an ongoing stock-market rally in response to easing COVID-19 lockdowns robbed the yellow metal of its haven appeal. Gold for June delivery on Comex dropped $12.60, or 0.7%, to $1,693 an ounce, while July silver was off 13 cents, or 0.7% at $17.465 an ounce. A dip below $1,700 could turn into a...

Coronavirus Deaths Top 350,000 Worldwide
Wednesday, 27 May 2020 23:32 WIB

The worldwide death toll from the COVID-19 pandemic has surpassed 350,000. The milestone comes as South Korea announced Wednesday its highest number of new cases in 49 days. Authorities are focusing on testing workers from e-commerce giant Coupang after dozens of cases were linked to a company site outside of Seoul. South Korea™s Centers for Disease Control and Prevention...

RBA's Lowe: Australian financial system is resilient and is well placed to deal with COVID-19
Thursday, 21 May 2020 09:53 WIB

Reserve Bank of Australia (RBA) Governor Philip Lowe is on the wires now, via Reuters, speaking on a panel at FINSIA's "The Regulators" Webinar. "Australian financial system is resilient and is well placed to deal with COVID-19." "Capital and liquidity buffers that exist are available to be drawn upon if required to support the economy." "Important that lenders continue to...

Time Country IM Figures Previous Forecast Actual
08.30 AUD L Construction Work Done q/q -2.9% -1.5% -1.0%
14.30 EUR M ECB President Lagarde Speaks - - -
21.00 U.S L Richmond Manufacturing Index -53 -40 -27


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