MARKET UPDATE
Stocks Open Mostly Higher as Investors Focus on Economic Reopening Versus Civil Unrest
Tuesday, 2 June 2020 20:51 WIB

U.S. stocks mostly rose Tuesday, looking to extend the previous session's gains as investors appeared to focus on the reopening of the economy while looking past the civil unrest gripping the nation. The S&P 500 was up 0.3% to 3,063. The Dow Jones Industrial Average advanced 127 points, or 0.5%, to 25,602. The Nasdaq Composite was down less than a point to 9,552. Wall Street mostly focused...

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
WHO Declares Latin America the New COVID Epicenter
Tuesday, 2 June 2020 18:59 WIB

Latin America is the new epicenter of the coronavirus pandemic, the World Health Organization declared Monday, as the region's daily death rate now exceeds that in either the United States or Europe. The WHO said Monday there are nearly 938,000 COVID-19 related cases throughout Latin America and the Caribbean and almost 50,000 deaths a day. Brazil, Chile and Ecuador lead...

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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