Tuesday, 12 November 2019
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GLOBAL
Magnitude-5.4 Earthquake Felt in Southern France
Monday, 11 November 2019 23:21 WIB

The French earthquake detection agency says a moderate tremor measuring 5.4 in magnitude has struck southern France in a remote area of the Drome department between Lyon and Marseille. The agency said the quake occurred before noon Monday and its epicenter was situated near the town of Montelimar...

MARKET UPDATE
China stocks end higher ahead of Trump's trade cues
Tuesday, 12 November 2019 14:50 WIB

Shares in Shanghai ended firmer on Tuesday, after having dithered either side of flat, ahead of a key speech by U.S. President Donald Trump at the Economic Club of New York that may offer clues on the likelihood of a trade deal with China. At the close, the Shanghai Composite index ticked up 0.2%...

ECONOMY
U.K. Avoids Recession But Ends Third Quarter on Weak Footing
Monday, 11 November 2019 16:54 WIB

Britain dodged a recession ahead of the now-postponed Oct. 31 Brexit deadline, providing an election boost for Prime Minister Boris Johnson. The economy grew 0.3% between July and September, avoiding a second straight quarter of contraction, the Office for National Statistics said...

GOLD CORNER
Less than 50% of Main Street optimistic on gold prices rally; Wall Street outright bearish
Monday, 11 November 2019 17:10 WIB

Gold is not ending the last week on a strong note and there is not much conviction among Wall Street analysts and Main Street investors that the selling pressure will end this week, according to the latest Kitco News Weekly Gold Survey. The gold market was hit with strong technical selling...

COMMODITY
Gold Drops Near Three-Month Low With Trade in Focus
Tuesday, 12 November 2019 15:23 WIB

Gold declined to near its lowest level in three months as investors awaited the next round of developments on the U.S.-China trade front and weighed a recent shift toward risk assets. President Donald Trump is due to deliver remarks at the New York Economic Club on Tuesday....

FISCAL & MONETARY
Japanese PM Abe: Want extra budget to assist economic recovery
Tuesday, 12 November 2019 11:40 WIB

Fresh comments are crossing the wires from the Japanese PM Shinzo Abe, as he expresses the need for an extra budget to assist the economic recovery. Nothing further is reported on the same. Last week, Japan™s PM Abe was going to instruct ministers to compile stimulus package - NHK. Meanwhile,...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
07.30 AUD NAB Business Confidence 0 2
10.35 JPN 30-y Bond Auction 0.38|3.9 -0.46|3.7
12.59 ALL Prelim Machine Tool Orders y/y -35.5% -37.4%
16.30 GBP Average Earnings Index 3m/y 3.8%
16.30 GBP Claimant Count Change 21.1K
MARKET CHART
Loco Gold Daily Chart (LGD)