Thursday, 04 June 2020
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GLOBAL
Indigenous Australians Show Solidarity With US Protesters
Wednesday, 3 June 2020 23:40 WIB

As protests take place in the United States of America, indigenous families who have had bad experiences with law enforcement say police brutality is a serious problem in Australia. Aboriginal Australians make up about 3 percent of the total population, but almost a third of the prison population...

MARKET UPDATE
Asia Stocks Rise as Optimism Remains Over Economic Recovery From Coronavirus Pandemic
Thursday, 4 June 2020 07:38 WIB

Stocks in Asia rose in Thursday morning trade as optimism over the economic recovery from the coronavirus pandemic continued to keep investor sentiment afloat. South Korea™s Kospi led gains among the region™s major markets as it rose 1.76% in early trade, adding to its nearly 3% Wednesday...

ECONOMY
U.S. Services Sector Off 11-Year Trough
Wednesday, 3 June 2020 21:19 WIB

U.S. services industry activity pushed off an 11-year low in May, but businesses appeared in no rush to rehire workers as they reopen, supporting views the economy could take years to recover from the devastation caused by the COVID-19 crisis. The Institute for Supply Management (ISM) said on...

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
Oil Slips With OPEC+ Discord and U.S. Demand Data Sowing Doubt
Thursday, 4 June 2020 07:53 WIB

Oil retreated from a three-month high as OPEC+ unity was threatened by a long-running feud over complying with production cutbacks, while U.S. data cast doubt on the strength of the demand recovery. Futures in New York fell around 1% to near $37 a barrel after closing at the highest since March...

FISCAL & MONETARY
Australia Central Bank Pins Hope on Quicker Economic Recovery After Pandemic Shutdown
Tuesday, 2 June 2020 13:25 WIB

Australia™s central bank held rates at all-time lows on Tuesday and sounded less gloomy as the economy gradually re-opens during what is likely to be the worst quarter since the Great Depression. The Reserve Bank of Australia (RBA) left rates at 0.25% at its monthly policy meeting in a widely...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
08.30 AUD Retail Sales m/m -17.9%
08.30 AUD Trade Balance (AUD) 10.60B
10.35 JPN 30-y Bond Auction 0.45|3.7
13.30 CHF CPI m/m (CHF) -0.4%
14.15 EUR Spanish Services PMI 7.1
MARKET CHART
Loco Gold Daily Chart (LGD)