Friday, 21 June 2019
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GLOBAL
Erdogan Does Not Expect US Sanctions on Turkey Over Russia Deal
Thursday, 20 June 2019 23:46 WIB

Turkish President Tayyip Erdogan said on Thursday he did not expect the United States to impose sanctions on Turkey over its planned purchase of a Russian missile defense system, but would retaliate if it did. Speaking at a rare news conference for foreign media in Istanbul, Erdogan repeated that...

MARKET UPDATE
S&P 500 up just 0.3%, cutting gains after earlier rally took it to record high
Thursday, 20 June 2019 23:51 WIB

Stocks gave back most of their gains on Thursday after the S&P 500 reached a record earlier in the day. The S&P 500 rose as much as 1% to reach an all-time high of 2,956.20. Around 12:15 p.m. ET, the broad index traded up just 0.3%. The Dow Jones Industrial Average and Nasdaq Composite...

ECONOMY
UK Retail Sales Arrive at -0.5% m/m in May, Meet Estimates
Thursday, 20 June 2019 15:54 WIB

The UK retail sales came in at -0.5% over the month in May vs. -0.5% expected and -0.1% previous. The core retail sales stripping the auto motor fuel sales stood at -0.3% m/m vs. -0.5% expected and -0.3% previous. On an annualized basis, the UK retail sales rose 2.3% in May versus 2.7% expected...

GOLD CORNER
Wall St, Main St. Look For Still-Higher Gold Prices
Monday, 17 June 2019 14:43 WIB

Gold hit its highest levels in more than a year on Friday, and Wall Street and Main Street look for the momentum to continue this week, based on the weekly Kitco News gold survey. The metal has been underpinned by continuing trade tensions between the U.S. and its partners, resulting in worries...

COMMODITY
U.S. oil prices post biggest one-day gain of the year
Friday, 21 June 2019 02:09 WIB

U.S. oil futures rallied Thursday in reaction to worsening tensions between the Iran and U.S. that may lead to a disruption of oil flow in the Strait of Hormuz. Iran shot down a U.S. drone and U.S. President Donald Trump said in a tweet that "Iran made a very big mistake!" Language from Trump...

FISCAL & MONETARY
BOE Notes Rising No-Deal Brexit Risk as Rate Kept Unchanged
Thursday, 20 June 2019 18:20 WIB

The Bank of England said the perceived risk of crashing out of the European Union without a deal had risen as they unanimously voted to keep policy unchanged. While officials, led by Governor Mark Carney, said they still see the need for interest-rate hikes in coming years if their forecasts bear...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
03.00 GBP BOE Gov Carney Speaks
06.00 AUD Flash Manufacturing PMI 51.0
06.30 JPN National Core CPI y/y 0.9%
07.30 JPN Flash Manufacturing PMI (JPN) 49.8
14.15 EUR French Flash Services PMI 51.5
MARKET CHART
Loco Gold Daily Chart (LGD)