Friday, 21 February 2020
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GLOBAL
Coronavirus Cases in Hubei Rise After Declining for 2 Days
Friday, 21 February 2020 18:19 WIB

The number of new coronavirus cases in China's Hubei province rose Friday after two straight days of declines, but the increase was still the smallest since the end of January. The Hubei health commission reported 411 new cases Friday, up from Thursday's count of 349. It also reported 115 new...

MARKET UPDATE
Stocks Open Modestly Lower as Nasdaq Heads for Back-to-Back Losses
Friday, 21 February 2020 21:42 WIB

U.S. stocks extended their retreat from records on Friday as investors grappled with heightened fears around the economic damage from COVID-19, which has also lifted expectations for the Federal Reserve to cut rates later this year. The S&P 500 was down 0.3% to 3,362. The Dow Jones Industrial...

ECONOMY
U.S. Business Gauge Posts First Contraction Since 2013 on Virus
Friday, 21 February 2020 21:54 WIB

U.S. business activity shrank in February for the first time since 2013 as the coronavirus hit supply chains and made firms hesitant to place orders, a warning sign that the outbreak is starting to dent the world™s largest economy. The IHS Markit purchasing managers™ index...

GOLD CORNER
Gold Prices To Stay Healthy Amid Continuing Virus Worries
Monday, 17 February 2020 15:49 WIB

Voters in the weekly Kitco gold survey are bullish on the metal this week, citing gold's ability to hold up even when the dollar and equities strengthen, technical factors and ongoing worries about how the coronavirus could impact the global economy. Seventeen market professionals took part in...

COMMODITY
Gold Hits New 7-Year High as Virus Prompts More Upgrades
Friday, 21 February 2020 20:18 WIB

Gold prices surged to fresh seven-year highs as portfolio investors flocked to haven assets as the coronavirus spread menacingly outside of China. The number of confirmed cases in South Korea leaped to over 200, putting investors on alert for signs that the virus may be difficult to contain even...

FISCAL & MONETARY
Fed officials more upbeat about the economic outlook this year, minutes show
Thursday, 20 February 2020 02:35 WIB

Federal Reserve officials and the central bank™s staff said the U.S. economy seemed stronger in late January than they had expected, according to minutes of their late-January meeting released Wednesday. The risks to the outlook were more favorable than had appeared at their meeting in...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
05.00 AUD Flash Manufacturing PMI 49.6 49.8
06.30 JPN National Core CPI y/y 0.7% 0.8%
07.30 JPN Flash Manufacturing PMI (JPN) 48.8 47.6
11.30 JPN All Industries Activity m/m 0.9% 0.0%
15.15 EUR French Flash Services PMI 51.0 52.6
MARKET CHART
Loco Gold Daily Chart (LGD)