MARKET UPDATE
US stocks set to regain momentum after Trump's trade comments dent historic rally
Wednesday, 17 July 2019 16:08 WIB

U.S. stock index futures pointed to a higher open again Wednesday morning, after ending a lengthy winning streak following President Donald Trump's skeptical comments on the ongoing U.S.-China trade war. At around 4.35 a.m. ET, Dow futures were up by around 36 points and indicated a positive open of more than 37 points. The S&P 500 and Nasdaq were also seen moving higher. Trump on Tuesday...

ECONOMY
UK CPI steadies at 2.0% y/y in June, meets estimates (GBP unmoved)
Wednesday, 17 July 2019 15:46 WIB

The UK Consumer Prices Index (CPI) 12-month rate came in at 2.0% in June, when compared to 2.0% booked in May while coming in line with expectations of a 2.0% print, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) arrived at 1.8% y/y versus 1.7% booked in May while matching the consensus forecast...

COMMODITY
Gold eases as dollar holds firm after robust U.S. data
Wednesday, 17 July 2019 19:16 WIB

Gold slipped on Wednesday as the dollar held near a one-week high on the back of better-than-expected retail sales data from the United States, while investors waited for direction on interest rates from the U.S. Federal Reserve. Spot gold fell 0.3% to $1,402.42 per ounce as of 11:31 GMT. Prices were on track for a third straight session of losses as robust U.S. data trimmed expectations of an...

GLOBAL
US, French Differences Over Tech Tax Resurface at G-7 Meeting
Wednesday, 17 July 2019 18:04 WIB

Group of Seven finance ministers and central bankers will hold talks Wednesday outside Paris that are likely to be dominated by global trade disputes and differences over taxing tech companies. Also on the agenda is a French push for fairer levies benefiting poorer countries. The G-7 finance meeting is being held in the town of Chantilly ” home to a historic chateau and...

FISCAL & MONETARY
Fed Chief Powell Says He Thinks Core Inflation Picked Up a Bit in June
Wednesday, 17 July 2019 00:16 WIB

Federal Reserve Chairman Jerome Powell said Tuesday that the central bank now estimates that a key measure of core inflation increased in June to its highest level in four months but added that, despite the acceleration, inflation pressures œremain muted. In a speech to the Bank of France in Paris, Powell said the Fed currently estimates the change in the so-called core...

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