Thursday, 22 August 2019 23:18 WIB
Stocks were lower on Thursday, giving up earlier gains as investors wondered whether the Federal Reserve will cut interest rates next month.
The S&P 500 fell 0.3%. The Nasdaq Composite traded 0.7% lower. The Dow Jones Industrial Average chopped around the flatline after rallying as much as 186 points.
Powell is set to deliver his speech as President Donald Trump continues attacking the...
Thursday, 22 August 2019 14:47 WIB
Shrinking order books and expectations for a decline in output signal companies in Europe™s largest economy are bracing for a possible recession.
German manufacturing shrank for an eighth month in August, barely offset by still-solid services, according to IHS Markit. Overall business confidence declined and orders fell for the third time in four months. A Purchasing...
Friday, 23 August 2019 01:36 WIB
Gold futures declined on Thursday, pressured by strength in bond yields as the Fed™s symposium of central bankers got underway in Jackson Hole, Wyoming.
U.S. Treasury bonds weakened Thursday, sending the benchmark 10-year Treasury note yield up 2.4 basis points to 1.6046%. Rising bond yields can dull the luster of gold, which offers no yield.
December gold fell $7.20, or 0.5%, to settle at...