MARKET UPDATE
Hong Kong Stocks Open on Front Foot
Thursday, 9 July 2020 09:09 WIB

Hong Kong stocks started Thursday morning with healthy gains following another record-breaking performance on Wall Street. The Hang Seng Index rose 0.85 percent, or 221.95 points, to 26,351.13. The benchmark Shanghai Composite Index ticked 0.04 points up to 3403.48, while the Shenzhen Composite Index on China's second exchange inched down 0.17 points to 2,198.45. Source : AFP

ECONOMY
U.S. Services Index Jumps to a Four-Month High on Reopenings
Monday, 6 July 2020 21:14 WIB

A gauge of U.S. service industries jumped to a four-month high in June and showed the resumption of growth as the economy reopened more broadly from pandemic-induced lockdowns. The Institute for Supply Management said Monday that its non-manufacturing index soared a record 11.7 points to 57.1 last month. Readings above 50 indicate growth, and the June figure exceeded the 50.2 median...

COMMODITY
Gold Holds Near 2011 High on Virus Concerns, Dollar
Thursday, 9 July 2020 08:52 WIB

Gold held near the highest level in almost nine years as concerns over the coronavirus pandemic drives demand for haven assets, while the dollar slipped. The number of confirmed infections in the U.S. surpassed 3 million, representing a quarter of global cases. California and Texas, the two most populous states, reported some of their largest daily rises in cases and...

GLOBAL
Facebook Hapus Akun Palsu Terkait Presiden Brazil
Thursday, 9 July 2020 10:50 WIB

Raksasa media sosial Facebook, Rabu (8/7), mengatakan telah menghapus puluhan akun yang terkait dengan pendukung atau karyawan Presiden Brazil Jair Bolsonaro sebagai bagian dari penyelidikan terhadap penyebaran berita palsu lewat internet. Nathaniel Gleicher, kepala kebijakan keamanan siber perusahaan itu,dalam sebuah pernyataan mengatakan 73 akun Facebook dan Instagram, 1 4...

FISCAL & MONETARY
RBA Highlights Recovery Uncertainties as Second Wave Threatens
Tuesday, 7 July 2020 14:06 WIB

Australia™s central bank chief highlighted worries among households and businesses about the health and economic outlook, as the nation™s successful run of Covid-19 containment was rocked by a new outbreak, damping the economy™s otherwise improving prospects. Reserve Bank of Australia Governor Philip Lowe kept the cash rate and three-year yield target...

GOLD CORNER
Gold price bull rally: the drive is alive
Monday, 6 July 2020 13:40 WIB

Gold achieved an important milestone this past week as priced pushed above $1,800 an ounce for the first time since 2011 and with strong fundamentals and what appears to be an unstoppable uptrend, retail investors and Wall Street analysts are significantly bullish on gold. Of the 17 Wall Street professionals who took part in last week poll, 12, or 70%, called for gold prices...

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