Thursday, 17 October 2019 15:31 WIB
Hong Kong shares finished on a positive note Thursday as more weak US data raised hopes for another interest rate cut by the Federal Reserve.
The Hang Seng Index rose 0.69 percent, or 184.21 points, to 26,848.49.
The benchmark Shanghai Composite Index edged down 0.05 percent, or 1.38 points, to 2,977.33, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, was...
Thursday, 17 October 2019 08:00 WIB
Markets are looking for the Reserve Bank of Australia to cut again, potentially as soon as next month, so today's labour force survey for September will be very closely watched (Markets are pricing 10bp of easing at the 5 Nov RBA meeting, and a terminal rate of 0.44% (RBA cash rate currently at 0.75%).
Australia Sept Employment +14.7k (Reuters poll: +15.0k) - A miss.
Thursday, 17 October 2019 13:35 WIB
Oil prices fell on Thursday in Asia after the American Petroleum Institute (API) said crude stockpiles rose sharply last week.
U.S. Crude Oil WTI Futures lost 0.8% to $52.92. International Brent Oil Futures were down 0.7% to $59.02.
The API said crude inventories rose by 10.5 million barrels to 432.5 million barrels for the week ended Oct. 11.
The Energy Information Aministration (EIA) weekly...