Saturday, 6 June 2020 03:20 WIB
Hong Kong stocks ended the week on a strong note Friday, marking a fifth straight advance as early profit-taking gave way to optimism over the worldwide easing of lockdown measures and hopes for the global economy.
The Hang Seng Index rallied 1.66 percent, or 404.11 points, to 24,770.41.
The benchmark Shanghai Composite Index rose 0.40 percent, or 11.55 points, to 2,930.80, while the Shenzhen...
Friday, 5 June 2020 19:44 WIB
America labor market unexpectedly rebounded in May, signaling the economy is picking up faster than thought from the depths of the damage from the coronavirus pandemic.
Nonfarm payrolls rose by 2.5 million after a 20.7 million tumble the prior month that was the largest in records back to 1939, according to Labor Department data Friday. The jobless rate fell to 13.3% from...
Saturday, 6 June 2020 01:55 WIB
Oil prices rose on Friday after an unexpected fall in the May U.S. jobless rate and OPEC's decision to bring forward to Saturday discussions on whether to extend record production cuts.
Brent crude futures were up $2.07, or 5.2%, at $42.07 a barrel, while West Texas Intermediate crude futures gained $2.14, or 5.7%, to settle at $39.55 per barrel.
The U.S. Labor Department reported a surprise...