MARKET UPDATE
Hong Kong stocks close week on a high (Review)
Saturday, 20 July 2019 03:31 WIB

Hong Kong shares ended the week on a strong note Friday, jumping more than one percent on hopes for a sharp interest rate cut by the Federal Reserve later this month. The Hang Seng Index added 1.07 percent, or 303.74 points to 28,765.40. The benchmark Shanghai Composite Index climbed 0.79 percent, or 23.02 points, to 2,924.20 and the Shenzhen Composite Index, which tracks stocks on China's...

ECONOMY
U.K. Retail Sales Unexpectedly Jump, Reversing Two-Month Drop
Thursday, 18 July 2019 15:48 WIB

U.K. retail sales unexpectedly rose last month, ending a downbeat second quarter on a more positive note. The volume of goods sold in stores and online climbed 1% in June after dropping for the previous two months, the Office for National Statistics said Thursday. Economists surveyed by Bloomberg had predicted another fall. Sales were up 0.7% in the second quarter, adding 0.04...

COMMODITY
Oil Gains For The Session, But U.S. Prices Drop Over 7% For The Week
Saturday, 20 July 2019 02:08 WIB

Oil futures finished higher Friday after reports that Iran seized a U.K.-flagged ship in the Gulf of Oman. Prices still settled lower for the week, however, on worries about a slowdown in demand. The market saw an "insane downward trend in crude oil this week," said James Hatzigiannis, senior commodities associate at Long Leaf Trading Group. "I think it is a bit of an overreaction and you...

GLOBAL
China Calls on US To 'Correct' Iran Sanctions
Friday, 19 July 2019 23:56 WIB

China urged Washington on Friday to œcorrect sanctions imposed on Chinese companies accused of helping Iran acquire materials for its nuclear program. U.S. pressure on Iran and its œlong-arm jurisdiction against companies in third countries is the œroot cause of tension with Tehran, a foreign ministry spokesman said. œChina has consistently and resolutely...

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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