Tuesday, 21 May 2019
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GLOBAL
Trade War Adds to Woes of European Companies in China
Tuesday, 21 May 2019 18:31 WIB

The U.S.-China trade war has not spared European companies in China. More than one-third of them are feeling a direct impact on their businesses and fear the situation will worsen in the coming weeks. œThey [European companies] are feeling more anxious than they felt last year, rising tensions...

MARKET UPDATE
U.S. Stock Futures Hint at Rebound as Investors Watch Trade Headlines
Tuesday, 21 May 2019 16:17 WIB

U.S. stock futures pointed higher for Tuesday, as cautiously optimistic investors appeared set to shake off losses linked to trade tensions that kicked off the week. Dow Jones Industrial Average futures rose 45 points, or 0.2%, to 25,742, while S&P 500 futures gained 6.6 points, or 0.3%, to...

ECONOMY
U.S. Retail Sales Unexpectedly Fall Amid Weak Auto Purchases
Wednesday, 15 May 2019 19:53 WIB

U.S. retail sales unexpectedly declined in April for the second time in three months, weighed down by soft sales of autos and building materials and suggesting consumer spending will remain subdued this quarter. The value of overall sales declined 0.2% after a 1.7% increase the prior...

GOLD CORNER
Trade Wars Not Building Enough Fear To Push Investors Into Gold - Analysts
Monday, 13 May 2019 13:54 WIB

Heightened global trade tensions are pumping volatility into financial markets, but there is still not enough fear to drive gold prices materially higher, according to some analysts. Falling equity markets are helping gold prices end last week in positive territory, but the market remains trapped...

COMMODITY
Gold Trades at Nearly 3-Week Low as Dollar, Stocks Perk Up
Tuesday, 21 May 2019 19:35 WIB

Gold prices headed lower Tuesday as global stocks staged a rebound and the dollar strengthened, factors that helped to dull bullion™s appeal. June gold on Comex traded $4.90, or 0.4%, lower at $1,272.40 an ounce, after booking a modest rise on Monday. The day™s early trading put the yellow...

FISCAL & MONETARY
RBA Slashes Near-Term Growth Outlook as Employment Key to Rates
Friday, 10 May 2019 08:57 WIB

Australia's central bank slashed its near-term growth outlook and is relying on persistent jobs market strength to cushion a property-driven downturn in household spending. The economy is expected to expand 1.75% in the year through June versus 2.5% seen three months earlier, and is then forecast...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.00 U.S Fed Chair Powell Speaks - -
08.30 AUD Monetary Policy Meeting Minutes (AUD) - -
17.00 GBP CBI Industrial Order Expectations -5 -10
21.00 EUR Consumer Confidence -8
21.00 U.S Existing Home Sales 5.21M
MARKET CHART
Loco Gold Daily Chart (LGD)