Tuesday, 02 June 2020
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GLOBAL
US Race Solidarity Protests Erupt in Cities Worldwide
Tuesday, 2 June 2020 10:23 WIB

Protests have erupted in cities around the world in solidarity with the Black Lives Matter demonstrations in the United States. The protests follow the death in Minnesota of George Floyd, a 46-year old black man, last week in police custody.  In central London, demonstrations turned violent...

MARKET UPDATE
U.S. Stock Futures Shake Off Early Losses To Turn Higher On Tuesday
Tuesday, 2 June 2020 16:44 WIB

U.S. stock futures turned higher on Tuesday, shaking off early losses after President Donald Trump threatened to use the military to quell civil unrest. Down as much as 172 points, futures on the Dow Jones Industrial Average were recently 102 points higher. Markets in Europe extended early...

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...

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
Oil Futures Rise on Hope of Extension of Global Production Cuts
Tuesday, 2 June 2020 18:54 WIB

Crude-oil futures on Tuesday headed higher, at least partly supported by reports that major producers may agree to extend output cuts that terminate at the end of June to further steady oil prices. Reuters has reported that the Organization of the Petroleum Exporting Countries and notably major...

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...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.50 JPN Monetary Base y/y 2.3% 3.9%
08.30 AUD Company Operating Profits q/q -3.5% 1.1%
08.30 AUD Current Account (AUD) 1.7B 8.4B
10.35 JPN 10-y Bond Auction 0.00|4.1 0.00|3.4
12.30 AUD Cash Rate 0.25% 0.25%
MARKET CHART
Loco Gold Daily Chart (LGD)