Friday, 28 February 2020 23:58 WIB
European stocks extended a historic week of losses on Friday as the coronavirus outbreak continued to pummel global markets into correction territory.
The pan-European Stoxx 600 closed 3.8% lower at 374.69 as markets around the world tanked. The benchmark lost 12.7% for the week, its worst since October 2008 at the height of the global financial crisis.
Basic resources dropped 4.6% to lead...
Tuesday, 25 February 2020 22:17 WIB
U.S. consumer confidence edged up to the best level in six months on an improvement in expectations, signaling that solid employment and cheap fuel are helping Americans look past concerns about the spread of the coronavirus.
The Conference Board™s reading increased to 130.7 from a downwardly revised 130.4 in January, according to data from the New York-based group Tuesday that fell...
Saturday, 29 February 2020 01:54 WIB
Gold futures fell by nearly 5% on Friday to log the biggest daily percentage decline for a most-active contract since June 2013, according to Dow Jones Market Data.
Analysts attributed the decline to investors selling the precious metal to generate cash to cover losses in the stock market.
"We are witnessing some large forced selling due to overextended margin positions," said Jeff Wright,...