Wednesday, 19 June 2019 09:58 WIB
Japan™s Nikkei surged to four-week highs on Wednesday morning on news that the United States and China will rekindle talks on trade, while ongoing expectations that the U.S. Federal Reserve will cut rates this year supported sentiment.
The Nikkei share average jumped 1.7% to 21,320.80 in midmorning trade, after rising to a high as 21,352.22 to hit the highest level since May 22. The broader...
Friday, 14 June 2019 19:50 WIB
Reports of the death of the American consumer were greatly exaggerated as the May retail sales data rose at a solid pace and the decline in the prior month was revised to show a gain.
Retail sales increased 0.5% in May, with broad-based gains, the Commerce Department said Friday. Economists polled by MarketWatch had forecast a solid 0.7% gain.
There was a big rise in auto sales, but the even...
Wednesday, 19 June 2019 10:49 WIB
Oil held its biggest gain in more than five months as OPEC and its allies edged closer to fixing a date for their next meeting and as the U.S. and China signaled trade talks would resume after a stalemate.
Futures were little changed in New York after climbing 3.8% higher on Tuesday, the most since early January. The OPEC+ group is close to agreeing their next meeting should be...