Tuesday, 2 June 2020 10:13 WIB
Japanese shares hit a more than three-month high on Tuesday, as hopes for global economic recovery with more countries gradually reopening after coronavirus-related lockdowns bolstered expectations for corporate earnings.
The Nikkei index rose 0.91% to 22,263.43 by 0200 GMT, its highest level since Feb. 26, with industrial and telecommunication shares leading the advance as investors bet on a...
Monday, 1 June 2020 21:32 WIB
The economic activity in the US' manufacturing sector contracted at a softer pace in May than it did in April with the ISM's Manufacturing Purchasing Managers' Index (PMI) improving to 43.1 from 41.5.
This reading came in slightly worse than the market expectation of 43.6.
Further details of the publication showed that the Employment Index rose to 32.1 from 27.5 and the New Orders Index edged...
Tuesday, 2 June 2020 12:50 WIB
Oil edged higher toward $36 a barrel as the market waited to see if OPEC and its allies will extend record production curbs.
Futures in New York rose around 1% after closing little changed Monday. Saudi Arabia favors keeping the curbs -- which are set to start easing from July -- in place for an extra one to three months, a delegate said. Any changes to the OPEC+ deal will hinge on...