Wednesday, 19 June 2019 03:50 WIB
Hong Kong stocks ended up one percent Tuesday, building on the previous day's gains, as traders look ahead to a crucial meeting of the Federal Reserve.
The Hang Seng Index rose 1.00 percent, or 271.61 points, to 27,498.77.
The benchmark Shanghai Composite Index ended up 0.09 percent, or 2.54 points, to 2,890.16 and the Shenzhen Composite Index, which tracks stocks on China's second exchange,...
Friday, 14 June 2019 19:50 WIB
Reports of the death of the American consumer were greatly exaggerated as the May retail sales data rose at a solid pace and the decline in the prior month was revised to show a gain.
Retail sales increased 0.5% in May, with broad-based gains, the Commerce Department said Friday. Economists polled by MarketWatch had forecast a solid 0.7% gain.
There was a big rise in auto sales, but the even...
Wednesday, 19 June 2019 01:53 WIB
U.S. oil futures rallied Tuesday as a tweet from President Donald Trump hinted at progress in U.S.-China trade talks, easing the market's worries about a potential slowdown in energy demand. The news also contributed to a sharp climb among benchmark U.S. stock indexes, lifting risk-on sentiment in the market.
July West Texas Intermediate oil rose $1.97, or 3.8%, to settle at $53.90 a barrel on...