Thursday, 21 March 2019 20:57 WIB
U.S. stocks opened lower on Thursday but soon cut early losses, as investors digest the Federal Reserve's downgrade of the domestic economic outlook for 2019, citing sluggish global expansion. As expected, the central bank kept its key rate at a range of 2.25% and 2.50%, but a more dovish policy stance than investors has undercut the buying appetite on Wall Street.
The Dow Jones Industrial...
Thursday, 21 March 2019 16:55 WIB
The UK retail sales recorded an unexpected growth of 0.4% m/m in February, beating market expectations of -0.4% by a big margin. Meanwhile, while core retail sales stripping the auto motor fuel sales also bettered market expectations and rose 0.2% m/m during the reported month.
On an annualized basis, the UK retail sales growth stood at 4.0%, down from 4.2% previous but still better than 3.3%...
Thursday, 21 March 2019 19:36 WIB
Gold prices shot higher early Thursday, resuming the climb seen in after-hours electronic trading when the U.S. dollar weakened in the wake of the Federal Reserve™s dovish policy statement.
The dollar gave back much of its post-Fed loss by early Thursday, although the precious metals that are priced in the U.S. unit maintained their rally.
Gold for April delivery rose $14, or 1.1%, at...