Friday, 22 November 2019
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GLOBAL
US Congress Approves Hong Kong Pro-Democracy Bills
Friday, 22 November 2019 10:50 WIB

The U.S. Congress approved two bills Thursday to support pro-democracy demonstrators in Hong Kong after months of unrest in the semi-autonomous city. The House overwhelmingly passed the Hong Kong Human Rights and Democracy Act, which requires an annual review of the favorable trade status the...

MARKET UPDATE
Hong Kong shares end week on positive note
Friday, 22 November 2019 15:31 WIB

Hong Kong stocks ended a tough week on a positive note Friday but investors remain nervous about the impact on the local economy and trade talks from a US lawmakers' bill supporting the city's rights. The Hang Seng index climbed 0.48 percent, or 128.20 points, to 26,595.08. The benchmark...

ECONOMY
U.K. Service PMI Falls in November to Worst Reading in 40 Months
Friday, 22 November 2019 17:30 WIB

The flash reading of the IHS Markit/CIPS flash U.K. services purchasing managers index fell to a 40-month low in November of 48.6, from 50 in October. The manufacturing PMI meanwhile slipped to a two-month low of 48.3 versus 49.6 in October. "The weak survey data puts the economy on course for a...

GOLD CORNER
Unique split on Wall Street to keep investors guessing the gold price this week
Monday, 18 November 2019 11:02 WIB

This week will be an interesting one for gold with Wall Street uniquely split between expectations of higher and neutral gold prices, while Main Street is still very bullish, according to the latest Kitco News gold price survey. It's been a messy week for gold prices as the metal was unable to...

COMMODITY
Gold Steadies as U.S.-China Trade Issue in Focus
Friday, 22 November 2019 16:39 WIB

Gold steadied as investors weighed a week of contrasting reports on the U.S.-China trade issue. Spot gold +0.2% to $1,467.93/oz at 7:33am in London; -0.5% Thursday. Price little changed this week. Bloomberg Dollar Spot Index +0.2% this week. On Friday, Chinese President Xi Jinping...

FISCAL & MONETARY
ECB's Lagarde: We Face a Global Environment That is Marked by Uncertainty
Friday, 22 November 2019 15:58 WIB

While delivering a key note address at the European Banking Congress, in Frankfurt, on Friday, the new European Central Bank (ECB) President Lagarde said: œWe face a global environment that is marked by uncertainty. Two main challenges in the global economy today, the first relates to the...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
05.00 AUD Flash Manufacturing PMI 50.0 49.9
06.30 JPN National Core CPI y/y 0.3% 0.4%
07.30 JPN Flash Manufacturing PMI (JPN) 48.4 48.6
14.00 EUR German Final GDP q/q 0.1% 0.1%
15.15 EUR French Flash Services PMI 52.9 52.9
MARKET CHART
Loco Gold Daily Chart (LGD)