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MARKET UPDATE
S&P 500, Dow Rise after Mixed Bank Earnings; Tech-Heavy Nasdaq Falls
Tuesday, 14 July 2020 23:23 WIB

The S&P 500 and Dow indexes edged higher in volatile trading on Tuesday as investors digested a mixed bag of quarterly earnings reports from U.S. lenders but technology stocks fell on worries over new business restrictions in California. Largest U.S. lender JPMorgan Chase & Co was up 0.2% after it posted a smaller-than-expected 51% drop in second-quarter profit. At 11:27 a.m. ET, the...

ECONOMY
U.S. Initial Jobless Claims Fell Last Week by More Than Forecast
Thursday, 9 July 2020 19:43 WIB

Applications for unemployment benefits in the U.S. declined last week by more than projected, easing concerns of a renewed downturn in the labor market after several large states reported a pickup in coronavirus cases. Initial jobless claims in regular state programs fell by 99,000 to 1.31 million in the week ended July 4, Labor Department data showed Thursday. The median forecast in...

COMMODITY
Oil rises slightly ahead of OPEC+ meeting
Wednesday, 15 July 2020 02:09 WIB

Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June, although demand concerns lingered due to increased cases of COVID-19 in the United States. Brent crude futures gained 18 cents, or 0.42%, to settle at $42.90 per barrel, after moving lower earlier in the session. West Texas Intermediate crude futures settled 19 cents, or 0.47%, higher at...

GLOBAL
Beijing Accuses US of Sowing Discord in South China Sea
Tuesday, 14 July 2020 23:41 WIB

The Trump administration's rejection of broad Chinese claims to much of the South China Sea came across in Asia as an election-year political move, with some appealing for calm amid fears of greater tensions. China accused the U.S. on Tuesday of trying to sow discord between China and the Southeast Asian countries with which it has long-standing territorial disputes in...

FISCAL & MONETA