Tuesday, 02 June 2020
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GLOBAL
Rallies in the US Continue to Remain Curfews and Emergencies
Monday, 1 June 2020 17:06 WIB

The demonstrators continued to voice their correction of the death of George Floyd for the death of the sixth night in cities across the US on Sunday (31/5). Fix the problem of confrontation again with the police trying to enforce the curfew. Los Angeles, Chicago, Miami, Detroit and Philadelphia...

MARKET UPDATE
Tokyo: Stocks Open Higher Despite Protests, US-China Tension
Tuesday, 2 June 2020 07:33 WIB

Tokyo stocks opened higher on Tuesday tracking rallies on Wall Street, shrugging off unrest in many US cities during anti-racism protests, and simmering US-China tensions. The benchmark Nikkei 225 index was up 0.37 per cent or 81.05 points at 22,143.44 in early trade, while the broader Topix...

ECONOMY
ISM Manufacturing PMI improves to 43.1 in May vs. 43.6 expected
Monday, 1 June 2020 21:32 WIB

The economic activity in the US' manufacturing sector contracted at a softer pace in May than it did in April with the ISM's Manufacturing Purchasing Managers' Index (PMI) improving to 43.1 from 41.5. This reading came in slightly worse than the market expectation of 43.6. Further details of the...

GOLD CORNER
Wall St., Main St. Look for Gold to Regain its Luster
Monday, 25 May 2020 14:32 WIB

Wall Street and Main Street look for gold prices to rise this week, according to the weekly Kitco News gold survey. Traders and analysts who make up the Wall Street poll continued to cite the mass liquidity being dumped into the global economy to offset damage from the COVID-19 pandemic. Also,...

COMMODITY
Dollar on Defensive as Markets Pin Hopes on Global Economic Recovery
Tuesday, 2 June 2020 08:45 WIB

The dollar was on the defensive on Tuesday as investors stuck to hopes of a global economic recovery despite heightened concerns over U.S.-China tensions and mass protests in many U.S. cities over the death of a black man in police custody. The U.S. dollar's index against a basket of six major...

FISCAL & MONETARY
Powell Says The Fed is 'Days Away' from Making The First Loans in The Main Street Lending Facility
Friday, 29 May 2020 22:56 WIB

Federal Reserve Chairman Jerome Powell said the central bank's long-awaited program to lend to small- and medium-sized businesses is about to get off the ground. The Main Street lending facility, which will target companies with up to 15,000 employees, has been difficult to set up but is just...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.50 JPN Monetary Base y/y 2.3%
08.30 AUD Company Operating Profits q/q -3.5%
08.30 AUD Current Account (AUD) 1.0B
10.35 JPN 10-y Bond Auction 0.00|4.1
12.30 AUD Cash Rate 0.25%
MARKET CHART
Loco Gold Daily Chart (LGD)