Tuesday, 25 June 2019 20:48 WIB
U.S. stocks opened little changed Tuesday as investors awaited remarks by Federal Reserve Chairman Jerome Powell.
The Dow Jones Industrial Average rose 13 points, or less than 0.1%, to 26,740, while the S&P 500 was down less than a point at 2,944. The Nasdaq Composite was off 0.1% at 7,997.
Investor expectations for the Federal Reserve to deliver a rate cut as early as next month were...
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...
Tuesday, 25 June 2019 21:16 WIB
Gold trimmed a part of its early strong gains to fresh multi-year tops but has managed to hold with goodish intraday daily gains around the $1328 region.
Having jumped to an intraday high level of $1439.08 - the highest since May 2013, the precious metal witnessed some profit-taking from extremely overbought conditions on the daily chart and was being weighed down by a modest US Dollar recovery...