Wednesday, 08 July 2020
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GLOBAL
Australia's Melbourne Locks Down Again Due to Coronavirus
Wednesday, 8 July 2020 10:58 WIB

The southern Australian city of Melbourne will be placed under a six-week lockdown due to a spike of new COVID-19 cases.   Victoria State Premier Daniel Andrews announced Tuesday that residents will not be allowed to leave home unless going to work, school, medical appointments or...

MARKET UPDATE
Hong Kong Stocks Finish With Gains
Wednesday, 8 July 2020 15:23 WIB

Hong Kong stocks closed higher Wednesday after a sharp sell-off the day before and putting them back on their recent upward trajectory despite a surge in virus infections around the world. The Hang Seng Index rose 0.59 percent, or 153.52 points, to 26,129.18. The benchmark Shanghai Composite...

ECONOMY
U.S. Services Index Jumps to a Four-Month High on Reopenings
Monday, 6 July 2020 21:14 WIB

A gauge of U.S. service industries jumped to a four-month high in June and showed the resumption of growth as the economy reopened more broadly from pandemic-induced lockdowns. The Institute for Supply Management said Monday that its non-manufacturing index soared a record 11.7 points...

GOLD CORNER
Gold price bull rally: the drive is alive
Monday, 6 July 2020 13:40 WIB

Gold achieved an important milestone this past week as priced pushed above $1,800 an ounce for the first time since 2011 and with strong fundamentals and what appears to be an unstoppable uptrend, retail investors and Wall Street analysts are significantly bullish on gold. Of the 17 Wall Street...

COMMODITY
Oil Stuck Below $41 With Signs U.S. Crude Stockpiles Swelled
Wednesday, 8 July 2020 14:36 WIB

Oil was anchored below $41 a barrel with an industry report signaling a surprise gain in U.S. crude stockpiles, while concerns linger about the threat to demand from rising coronavirus infections. The American Petroleum Institute reported inventories rose by 2.05 million barrels...

FISCAL & MONETARY
RBA Highlights Recovery Uncertainties as Second Wave Threatens
Tuesday, 7 July 2020 14:06 WIB

Australia™s central bank chief highlighted worries among households and businesses about the health and economic outlook, as the nation™s successful run of Covid-19 containment was rocked by a new outbreak, damping the economy™s otherwise improving prospects. Reserve Bank of Australia...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.50 JPN Bank Lending y/y 4.8% 6.2%
06.50 JPN Current Account (JPN) 0.25T 0.82T
12.00 JPN Economy Watchers Sentiment 15.5 38.8
12.45 CHF Unemployment Rate (CHF) 3.4% 3.3%
16.00 EUR EU Economic Forecasts - -
MARKET CHART
Loco Gold Daily Chart (LGD)