Wednesday, 17 April 2024
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
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
S&P, Nasdaq Muted as Bond Yields Rise; UnitedHealth Boosts Dow
Tuesday, 16 April 2024 23:17 WIB

The Nasdaq and the S&P 500 were muted on Tuesday as higher Treasury yields pressured equities, though the blue-chip Dow bucked the trend on robust results from health insurance heavyweight UnitedHealth. Dow Component UnitedHealth Group (UNH.N), advanced 5.6% after the health insurer beat...

ECONOMY
New US Home Construction Falls to Lowest Level Since August
Tuesday, 16 April 2024 19:46 WIB

New home construction in the US slowed last month as consumers try to wait out high mortgage rates in hopes borrowing costs will ease later this year.  Residential starts decreased 14.7% in March to a 1.32 million annualized rate, the lowest since August, government data showed Tuesday....

GOLD CORNER
Wall Street and Main Street Still See Gains For Gold This Week Amid Extreme Volatility
Monday, 15 April 2024 13:10 WIB

Gold prices chugged along for much last week, trading between $2,300 and $2,360 through Wednesday, shaking off hotter-than-expected CPI and lulling market participants into a false sense of stability. Then, late Thursday, the rollercoaster began to ratchet back up, with spot gold hitting a new...

COMMODITY
WTI Crude Oil Closes Lower Despite Better than Expected Q1 GDP Growth in China as Geopolitical Worries Ease
Wednesday, 17 April 2024 01:48 WIB

West Texas Intermediate (WTI) crude closed with a small loss on Tuesday on easing fears of a wider war in the Middle East, while China, the No.1 importer, said its economy grew more than expected in the first quarter. WTI crude oil for May delivery closed down US$0.05 to settle at US$85..36 per...

FISCAL & MONETARY
Bailey Hints BOE Might Be Able to Cut Rates Before Fed in US
Wednesday, 17 April 2024 01:19 WIB

Bank of England Governor Andrew Bailey hinted that the UK might be able to lower interest rates before the US, saying inflation dynamics in the two economies are diverging. Bailey said on Tuesday that there is more "demand-led inflation pressure" in the US than seen in the UK after...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
00.00 GBP BOE Gov Bailey Speaks - -
00.15 U.S Fed Chair Powell Speaks - -
06.50 JPN Trade Balance (JPN) -0.45T
13.00 GBP CPI y/y (GBP) 3.4%
13.00 GBP Core CPI y/y 4.5%
MARKET CHART
Loco Gold Daily Chart (LGD)