MARKET UPDATE
Dow holds gains at midday as Wall Street focuses on easing coronavirus lockdowns amid civil unrest
Tuesday, 2 June 2020 23:34 WIB

U.S. stocks were mixed Tuesday at midday as investors trained their attention on the prospect of fuller business activity in the wake of the coronavirus epidemic, rather than the fresh round of civil unrest in major U.S. cities. President Donald Trump also threatened to deploy military troops across cities facing protests if state governors and local officials prove unable to contain violent...

ECONOMY
ISM Manufacturing PMI improves to 43.1 in May vs. 43.6 expected
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...

COMMODITY
Gold Prices See Subdued Rise, Buoyed By Weaker Dollar As Stocks Rally
Tuesday, 2 June 2020 19:23 WIB

Gold futures on Tuesday were edging higher on the back of a weaker U.S. dollar, with gains capped by the precious metal by a global rise in assets perceived as risky like stocks. Commodity experts say that the yellow metal has enjoyed haven bids as investors remain wary of rising Sino-American trade tensions even as the economies reopening from forced closures due to the COVID-19 pandemic has...

GLOBAL
South Korea Reopens WTO Complaint Over Japan's Export Curbs
Tuesday, 2 June 2020 23:35 WIB

South Korea says it will reopen a complaint against Japan at the World Trade Organization over Tokyo™s stringent controls over exports of key materials used in South Korea™s technology sector. Seoul initially filed the complaint last September after Tokyo removed the South from its list of trusted trade partners, a move that ended the fast-track process and slowed the...

FISCAL & MONETARY
Australia Central Bank Pins Hope on Quicker Economic Recovery After Pandemic Shutdown
Tuesday, 2 June 2020 13:25 WIB

Australia™s central bank held rates at all-time lows on Tuesday and sounded less gloomy as the economy gradually re-opens during what is likely to be the worst quarter since the Great Depression. The Reserve Bank of Australia (RBA) left rates at 0.25% at its monthly policy meeting in a widely expected decision, and said the œaccommodative approach will be maintained as...

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