Wednesday, 16 October 2019
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GLOBAL
Russia's Putin Seeks to Enhance Ties With US-Allied UAE
Tuesday, 15 October 2019 23:42 WIB

Russian President Vladimir Putin visited the United Arab Emirates on Tuesday, as part of a Mideast tour aimed at strengthening ties between Moscow and this longtime U.S. ally amid tensions in the wider Persian Gulf. Abu Dhabi's powerful crown prince, Mohammed bin Zayed Al Nahyan, met Putin at the...

MARKET UPDATE
U.S. Stocks Rally as Health, Tech Set Pace; Pound Jumps
Tuesday, 15 October 2019 23:38 WIB

Equities traded near the highs of the day, led by health care and technology shares, as earnings season begins in earnest. The poundstrengthened as the U.K. and European Union moved closer to a Brexit deal. The three main U.S. equity indexes all rose more than 1%, climbing alongside...

ECONOMY
U.S. Consumer Prices Trail Projections as Used-Car Costs Tumble
Thursday, 10 October 2019 20:04 WIB

A key measure of U.S. consumer prices rose by less than expected in September as used-car costs fell by the most in a year, likely bolstering the case for the Federal Reserve to cut interest rates for the third time in three months. The core consumer price index, which excludes food and...

GOLD CORNER
Gold prices to return to $1,500 levels soon - analysts
Monday, 14 October 2019 11:29 WIB

Even though gold was getting beaten up last Friday, analysts were still optimistic that the precious metal was going to return to its key $1,500 level soon. Gold fell more than 1% on Friday (10/11/19) with December Comex gold futures last trading near two-week lows at $1,487.70 an ounce. Upbeat...

COMMODITY
Pound and UK Stocks Surge on Report EU, UK Close to Brexit Draft Deal
Tuesday, 15 October 2019 23:25 WIB

Sterling jumped against the dollar and the euro while British stock prices and government bond yields rose in late afternoon trading on Tuesday after a Bloomberg report that British and European Union negotiators were close to a Brexit draft deal. The pound jumped more than 1% versus the dollar...

FISCAL & MONETARY
The RBA minutes: Board prepared to ease policy further if needed to support growth, jobs
Tuesday, 15 October 2019 08:06 WIB

The Reserve Bank of Australia came with the Minutes for the RBA Board's 1 October meeting. Members commenced their discussion of global economic conditions by noting that heightened policy uncertainty was affecting international trade and business investment. This had continued to be apparent in...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
15.30 GBP CPI y/y (GBP) 1.7%
15.30 GBP PPI Input m/m -0.1%
15.30 GBP Core CPI y/y 1.5%
15.30 GBP RPI y/y 2.6%
15th-17th CHN Foreign Direct Investment ytd/y 6.9%
MARKET CHART
Loco Gold Daily Chart (LGD)