Thursday, 28 March 2024
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GLOBAL
US Sanctions Companies Linked to Gold Trade to Fund Wagner Fighters
Wednesday, 28 June 2023 17:23 WIB

The United States on Tuesday accused companies in the United Arab Emirates, the Central African Republic and Russia of engaging in illicit gold deals to help fund the mercenary fighters of Russia's Wagner Group. The U.S. Treasury Department said in a statement it has sanctioned four companies...

MARKET UPDATE
Stock Futures are Little Changed as S&P 500 Gets set to Close out the First Quarter Up 10%
Thursday, 28 March 2024 15:49 WIB

Stock futures are trading near the flatline Thursday as the S&P 500 approached its best first-quarter performance in five years. Futures tied to the Dow Jones Industrial Average slipped 17 points, or 0.04%. S&P 500 futures inched lower by 0.02%, while Nasdaq 100 futures declined...

ECONOMY
Australian Retail Sales Moderate in February, Missing Estimates
Thursday, 28 March 2024 08:06 WIB

Australian retail sales moderated in February despite Taylor Swift-driven demand, as households remained cautious about their finances with inflation still elevated and interest rates at a 12-year high. Sales rose 0.3% from the prior month, falling short of an estimated 0.4% gain, Australian...

GOLD CORNER
Wall Street and Main Street See Green Lights For Gold Prices This Week
Monday, 11 March 2024 12:18 WIB

After last Friday's all-time high for a weekly close, gold picked right up where it left off last week, setting multiple all-time highs in both the spot and futures markets despite Fed Chair Powell's milquetoast Capitol Hill testimony and parallel all-time highs in equity markets and...

COMMODITY
Oil prices Advance on Tighter Supply Outlook
Thursday, 28 March 2024 18:50 WIB

Oil prices firmed on Thursday, following two consecutive sessions of decline, as investors saw a tighter supply outlook ahead, while the OPEC+ producer alliance was widely expected to stay the course on its current production cuts. Brent crude futures for May were up 91 cents, or 1.1%, at $87 a...

FISCAL & MONETARY
Bank of England Sees Economy 'Moving in Right Direction' for Rate Cuts
Thursday, 21 March 2024 19:28 WIB

Britain's economy is "moving in the right direction" for the Bank of England to start cutting interest rates, Governor Andrew Bailey said as two of his colleagues dropped their vote a rate hike. The BoE's interest rate-setters voted 8-1 to keep borrowing costs at their 16-year high of 5.25% on...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
07.00 AUD MI Inflation Expectations 4.5% 4.3%
07.30 AUD Retail Sales m/m (AUD) 1.1% 0.3%
07.30 AUD Private Sector Credit m/m 0.5% 0.5%
14.00 GBP Current Account (GBP) -18.5B -21.2B
14.00 GBP Final GDP q/q (GBP) -0.3% -0.3%
MARKET CHART
Loco Gold Daily Chart (LGD)