Monday, 01 June 2020
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Tokyo
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GLOBAL
Tokyo Set to Allow More Businesses to Reopen
Monday, 1 June 2020 08:31 WIB

Tokyo officials announced Friday that, beginning Monday, they will allow additional businesses, including theaters, cinemas, fitness gyms and retailers to reopen after a coronavirus state of emergency ended this week. Earlier this week, Prime Minister Shinzo Abe declared an end to a seven-week...

MARKET UPDATE
Tokyo Stocks Close Higher On Virus Hopes
Monday, 1 June 2020 13:28 WIB

Tokyo stocks closed higher Monday on expectations for more businesses to reopen as the Japanese capital lifts restrictions on retail stores and other facilities. The benchmark Nikkei 225 index advanced 0.84 percent, or 184.50 points, to end at 22,062.39, while the broader Topix index was up 0.32...

ECONOMY
U.S. GDP Contracted 5% in First Quarter Instead of 4.8%
Thursday, 28 May 2020 19:53 WIB

The U.S. economy contracted at an annual 5% pace in the first quarter instead of 4.8%, revised government data show. A downward revision to inventory investment mostly accounted for the downward revision, the Commerce Department said. Looking ahead, economists surveyed by MarketWatch predict GDP...

GOLD CORNER
Wall St., Main St. Look for Gold to Regain its Luster
Monday, 25 May 2020 14:32 WIB

Wall Street and Main Street look for gold prices to rise this week, according to the weekly Kitco News gold survey. Traders and analysts who make up the Wall Street poll continued to cite the mass liquidity being dumped into the global economy to offset damage from the COVID-19 pandemic. Also,...

COMMODITY
Aussie Dollar Surges As Investors Focus On Recovery From Pandemic
Monday, 1 June 2020 14:01 WIB

Riskier currencies rose against the dollar on Monday as investors looked to positive signs from China™s post-coronavirus economic recovery and wagered on an easing in Sino-U.S. tensions. The trade-sensitive Australian dollar surged 1% to a three-month high of $0.6742 to lead broader gains that...

FISCAL & MONETARY
Powell Says The Fed is 'Days Away' from Making The First Loans in The Main Street Lending Facility
Friday, 29 May 2020 22:56 WIB

Federal Reserve Chairman Jerome Powell said the central bank's long-awaited program to lend to small- and medium-sized businesses is about to get off the ground. The Main Street lending facility, which will target companies with up to 15,000 employees, has been difficult to set up but is just...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
07.30 JPN Final Manufacturing PMI (JPN) 38.4 38.4
08.45 CHN Caixin Manufacturing PMI 49.4 50.7
15.30 GBP Final Manufacturing PMI 40.6
20.45 U.S Final Manufacturing PMI (US) 39.8
21.00 U.S ISM Manufacturing PMI 41.5
MARKET CHART
Loco Gold Daily Chart (LGD)