Wednesday, 03 June 2020
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GLOBAL
Hong Kong Leader Accuses US of 'Double Standard' Over Protests
Wednesday, 3 June 2020 09:15 WIB

Hong Kong Chief Executive Carrie Lam said the violent protests across the United States are an example of foreign governments applying a œdouble standard when it comes to China™s approach to quelling a year of anti-Beijing protests. U.S. Secretary of State Mike Pompeo announced last week...

MARKET UPDATE
Nikkei Rallies to Fresh 3-Month High; Weaker Yen Lifts Auto Shares
Wednesday, 3 June 2020 11:22 WIB

Japan™s stock benchmark Nikkei advanced to a new three-month high on Wednesday as a rapidly weakening yen and investor fear of missing out a rally boosted automakers and other cyclical sectors. The Nikkei average gained 1.2% to 22,581.74 by the midday break, after touching its fresh intraday...

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 Hits Three-Month High Over Hopes For Output Cuts
Wednesday, 3 June 2020 09:46 WIB

Oil rose on Wednesday to a near three-month high amid optimism that major producers will extend production cuts as the world recovers from the coronavirus pandemic. Brent crude was up 22 cents, or 0.6%, at $39.79, by 0003 GMT, the highest since March 6, having gained 3.3% on Tuesday. U.S. West...

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
08.30 AUD GDP q/q (AUD) 0.5% -0.3%
08.30 AUD Building Approvals m/m -2.6% -1.8%
12.45 CHN Caixin Services PMI 44.4 55.0
14.55 EUR German Unemployment Change 373K
15.00 EUR Italian Monthly Unemployment Rate 8.4%
MARKET CHART
Loco Gold Daily Chart (LGD)