Friday, 29 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
Japanese Stocks Rise to Mark Best Quarter in More Than a Decade
Friday, 29 March 2024 13:30 WIB

Japanese stocks climbed to finish the strongest quarter in more than a decade on a high note for the Nikkei 225 and Topix indexes, as signs of strength in both the domestic economy and the US made investors bullish.  Topix Index rose 0.6% to 2,768.62 as of market close Tokyo time,...

ECONOMY
Fed's Core Inflation Gauge Posts Biggest Sequential Gain in Year
Friday, 29 March 2024 19:54 WIB

The Federal Reserve's preferred gauge of underlying inflation cooled last month after an even bigger January increase that initially reported. The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, increased 0.3% from...

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
Yen Steady Near 34-Year Low Amid Kanda Comments
Friday, 29 March 2024 14:28 WIB

The yen held near a 34-year low, defying comments from Japanese government officials that once more threatened a possible market intervention. Other Group-of-10 currencies traded in tight ranges with many major markets including Australia, Hong Kong and Singapore shut to observe the Good Friday...

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
06.30 JPN Tokyo Core CPI y/y 2.5% 2.4%
06.30 JPN Unemployment Rate 2.4% 2.6%
06.50 JPN Prelim Industrial Production m/m -6.7% -0.1%
06.50 JPN Retail Sales y/y (JPN) 2.1% 4.6%
12.00 JPN Housing Starts y/y -7.5% -8.2%
MARKET CHART
Loco Gold Daily Chart (LGD)