Tuesday, 02 June 2020
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GLOBAL
Rallies in the US Continue to Remain Curfews and Emergencies
Monday, 1 June 2020 17:06 WIB

The demonstrators continued to voice their correction of the death of George Floyd for the death of the sixth night in cities across the US on Sunday (31/5). Fix the problem of confrontation again with the police trying to enforce the curfew. Los Angeles, Chicago, Miami, Detroit and Philadelphia...

MARKET UPDATE
Hong Kong Shares Start Tuesday on Front Foot
Tuesday, 2 June 2020 09:21 WIB

Hong Kong stocks opened slightly higher Tuesday morning, extending the previous day's rally as investors took their lead from gains on Wall Street with buying buoyed by the easing of lockdowns around the world. The Hang Seng Index added 0.25 per cent, or 59.72 points, to 23,792.24. China's...

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
Gold Edges Lower as Economies Open Up
Tuesday, 2 June 2020 09:53 WIB

Gold prices inched lower on Tuesday on signs of economic recovery as more countries ease lockdown curbs, while protests in the United States, China-U.S. tensions and a weaker dollar limited losses. Spot gold was down 0.1% at $1,738.12 per ounce, as of 0110 GMT. U.S. gold futures rose 0.2% to...

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
06.50 JPN Monetary Base y/y 2.3% 3.9%
08.30 AUD Company Operating Profits q/q -3.5%
08.30 AUD Current Account (AUD) 1.0B
10.35 JPN 10-y Bond Auction 0.00|4.1
12.30 AUD Cash Rate 0.25%
MARKET CHART
Loco Gold Daily Chart (LGD)