Wednesday, 3 June 2020 11:22 WIB
Japan™s stock benchmark Nikkei advanced to a new three-month high on Wednesday as a rapidly weakening yen and investor fear of missing out a rally boosted automakers and other cyclical sectors.
The Nikkei average gained 1.2% to 22,581.74 by the midday break, after touching its fresh intraday high since Feb. 25 earlier in the session. The broader Topix rose 0.6% to 1,597.18 by the midday...
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...
Wednesday, 3 June 2020 13:51 WIB
EUR/USD is trading around 1.12, the highest since March. The safe-haven dollar is weakening amid optimism for reopening and stimulus, shrugging off civil unrest. Services PMIs from both sides of the pond and ADP's jobs report are both eyed.
A broad-based US dollar weakness remains the dominant theme in the FX market amid growing hopes for a global economic recovery, especially after the easing...