Saturday, 20 July 2019 03:31 WIB
Hong Kong shares ended the week on a strong note Friday, jumping more than one percent on hopes for a sharp interest rate cut by the Federal Reserve later this month.
The Hang Seng Index added 1.07 percent, or 303.74 points to 28,765.40.
The benchmark Shanghai Composite Index climbed 0.79 percent, or 23.02 points, to 2,924.20 and the Shenzhen Composite Index, which tracks stocks on China's...
Thursday, 18 July 2019 15:48 WIB
U.K. retail sales unexpectedly rose last month, ending a downbeat second quarter on a more positive note.
The volume of goods sold in stores and online climbed 1% in June after dropping for the previous two months, the Office for National Statistics said Thursday. Economists surveyed by Bloomberg had predicted another fall.
Sales were up 0.7% in the second quarter, adding 0.04...
Saturday, 20 July 2019 02:08 WIB
Oil futures finished higher Friday after reports that Iran seized a U.K.-flagged ship in the Gulf of Oman. Prices still settled lower for the week, however, on worries about a slowdown in demand.
The market saw an "insane downward trend in crude oil this week," said James Hatzigiannis, senior commodities associate at Long Leaf Trading Group. "I think it is a bit of an overreaction and you...