Sunday, 22 September 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Dow opens higher, set for longest win streak in a year as ECB launches major stimulus package
Thursday, 12 September 2019 21:04 WIB | MARKET UPDATE |Saham ASIndesk S&P 500

U.S. stocks opened modestly higher Thursday morning as market bulls appeared emboldened by easy-money policies enacted by the European Central and hope that it could influence the Fed.

The European Central Bank cut its deposit rate from negative 0.4% to negative 0.5%, while announcing it would begin open-ended purchasing of long-term government bonds at a pace of €20 billion a month in an effort to further reduce long-term interest rates, in a bid to boost the sluggish eurozone economy. The central bank said rates would remain at 'present or lower levels' until the inflation outlook 'robustly' converges with its target of just below 2%.

The Dow Jones Industrial Average rose 66 points, or 0.3%, at 27,207, while the S&P 500 index advanced 0.4% to 3,011 and the Nasdaq Composite Index rose 0.6% to 8,217. All three benchmarks stand within shouting distance of all-time records as investors bet that the ECB's move will influence the Federal Reserve, which gathers next week to decide on domestic monetary policy. Stocks had been headed higher before the ECB moves, after President Donald Trump said tariff hikes-from 25% to 30%-that were scheduled to take effect Oct. 1 will now go into effect Oct. 15.

Source: marketwatch

RELATED NEWS
Hong Kong Stocks Close Down...
Saturday, 21 September 2019 03:33 WIB

Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's economy. The Hang Seng Index slipped 0.13 percent, or 3...

Wall Street Falls as Trade Optimism Fizzles...
Saturday, 21 September 2019 03:27 WIB

Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks. The Dow Jones Industrial Average f...

Retailers, Defensives Lead European Shares Higher...
Friday, 20 September 2019 23:51 WIB

European shares were set for their fifth straight week of gains on Friday, led by defensive and retail stocks, but gains were limited as investors remained cautious about a wider economic slowdown and...

Wall Street Gains On Stimulus Cues, U.S.-China Trade Progress...
Friday, 20 September 2019 23:38 WIB

U.S. stocks ticked higher on Friday, as cues of easing monetary policy around the globe and signs of further co-operation on Sino-U.S. trade talks kept the S&P 500 within 1% of a record high. Chi...

Saham AS dibuka lebih tinggi, Dow dan S&P 500 mendekati rekor tertinggi...
Friday, 20 September 2019 20:45 WIB

Saham AS dibuka lebih tinggi pada Jumat ini, mendorong ekuitas kunci lebih dekat ke level tertinggi sepanjang masa, karena investor terdorong pada pembicaraan perdagangan AS-China. Indeks S&P 500...

LATEST NEWS
Hong Kong Stocks Close Down

Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's economy. The Hang Seng Index slipped 0.13 percent, or 33.28 points, to 26,435.67. The benchmark...

Wall Street Falls as Trade Optimism Fizzles

Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks. The Dow Jones Industrial Average fell 160.19 points, or 0.59%, to 26,934.6, the...

U.S. Oil Prices Up 6% For The Week, Biggest Weekly Gain in 3 Months

Oil futures ended lower on Friday, but tallied a gain of almost 6% for the week, the largest such rise in three months. As the Saudis reveal the extent of damages from the attacks on oil facilities last weekend, "the market mood has shifted to...

POPULAR NEWS
Gold Marks First Loss in 4 Sessions
Friday, 20 September 2019 01:13 WIB

Gold futures settled with a loss on Thursday, their first in four sessions, a day after the Federal Reserve announced a widely expected cut in...

Hong Kong Stocks End With Fresh Losses
Friday, 20 September 2019 03:36 WIB

Hong Kong stocks fell for a fourth day in a row Thursday after the Federal Reserve cut interest rates but investors were left guessing about the...

Gold Stands Tall Above $1,500 After Fed as Palladium Hits Record
Friday, 20 September 2019 16:00 WIB

Gold headed for the first weekly advance in four as mounting economic headwinds and monetary easing stayed in focus after this week's mixed...

Gold Prices Rise, Recover from Losses After Fed's Decisions
Friday, 20 September 2019 13:04 WIB

Gold prices rose on Friday in Asia, recovering from losses suffered in the previous session following the conclusion of the U.S. Federal Reserve's...