Wednesday, 26 June 2019 15:37 WIB
Hong Kong shares closed with slight gains Wednesday, bucking a regional trend, as traders focus on the upcoming meeting between Donald Trump and Xi Jinping.
The Hang Seng Index added 0.13 percent, or 36.00 points, to 28,221.98.
The benchmark Shanghai Composite Index slipped 0.19 percent, or 5.79 points, to 2,976.28 while the Shenzhen Composite Index, which tracks stocks on China's second...
Tuesday, 25 June 2019 21:20 WIB
The monthly Consumer Confidence Survey published by the Conference Board today revealed that the consumer confidence weakened in June with the headline Confidence Index dropping to 121.5 in June from 131.3 in May.
Other data from the U.S. revealed that new home sales in May contracted by 7.8% to fall short of the market expectation for an increase of 1.9%.
With the initial reaction, the...
Wednesday, 26 June 2019 15:50 WIB
The U.S. dollar edged higher on Wednesday, pulling away from a three month low as markets dialed back expectations for aggressive interest rate cuts by the Federal Reserve next month, but expectations for some monetary easing checked the currency™s gains.
Expectations for a half percentage point cut at the Fed™s July meeting receded after St. Louis Fed President James Bullard said Tuesday...