Friday, 20 September 2019 03:36 WIB
Hong Kong stocks fell for a fourth day in a row Thursday after the Federal Reserve cut interest rates but investors were left guessing about the possibility of more reductions this year.
The Hang Seng Index slipped 1.07 percent, or 285.17 points, to 26,468.95.
But the benchmark Shanghai Composite Index gained 0.46 percent, or 13.62 points, to 2,999.28, while the Shenzhen Composite Index, which...
Thursday, 19 September 2019 19:49 WIB
The Philadelphia Federal Reserve's manufacturing index fell to 12.0 in September after registering a reading of 16.8 in August.
Any reading above zero indicates improving conditions. Economists polled by MarketWatch expected a reading of 10.0.
The indexes for general activity and new orders fell, while the indexes for shipments and employment increased, the Philly Fed said.
Friday, 20 September 2019 02:30 WIB
Oil futures rose Thursday, but U.S. prices gave up nearly all of their earlier gains by the settlement. Prices found support as Saudi Arabia reportedly contacted foreign producers to help fill holes in its supply chain following last weekend's attacks on the country's production facilities.
However, news of storm disruptions to refining activity in Texas suggested a slowdown in demand for...