Friday, 05 June 2020
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GLOBAL
Chile Records Largest Single-Day COVID-19 Death Total Since Outbreak Began
Friday, 5 June 2020 09:40 WIB

Authorities say Chile, which has one of the highest totals for coronavirus cases in Latin America, confirmed 87 deaths from the virus in one day Wednesday, the largest single-day spike since the outbreak began more than two months ago. A surge in coronavirus cases in Chile has overwhelmed the...

MARKET UPDATE
Hong Kong Stocks Open Slightly Higher
Friday, 5 June 2020 09:10 WIB

Hong Kong shares inched up at the start of trade Friday, though gains were capped by profit-taking after a four-day rally that has seen the index pile on more than six percent. The Hang Seng Index added 0.09 percent, or 21.88 points, to 24,388.18. China's benchmark Shanghai Composite Index rose...

ECONOMY
U.S. Jobless Claims Persist Even as Americans Return to Work
Thursday, 4 June 2020 19:42 WIB

As business reopenings picked up nationwide, Americans filed nearly 2 million applications for unemployment benefits last week, reflecting a slowing -- though far from a halt -- in job losses. Initial jobless claims for regular state programs totaled 1.88 million in the week ended May...

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 Set for Sixth Weekly Gain as OPEC+ Nears Cut Extension Deal
Friday, 5 June 2020 08:21 WIB

Oil was headed for a sixth weekly gain after OPEC+ reached a tentative agreement to extend record production cuts until the end of July. Futures in New York edged lower Friday, but are up almost 5% this week. After almost a week of wrangling, Saudi Arabia and Russia clinched a deal with...

FISCAL & MONETARY
ECB Expands PEPP Asset-Buying Program To 1.35 Billion Euros
Thursday, 4 June 2020 19:11 WIB

The European Central Bank, as expected, boosted the size of its Pandemic Emergency Purchase Program on Thursday. The ECB said the envelope for asset purchases was increased by 600 billion euros ($674.5 billion), to 1.35 billion euros. The program is now set to run through at least the end of...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.01 GBP GfK Consumer Confidence -34 -36
06.30 JPN Household Spending y/y -6.0% -11.1%
12.00 U.S Leading Indicators 83.8%
13.00 EUR German Factory Orders m/m -15.6%
14.00 CHF Foreign Currency Reserves / Cadangan Devisa 800B
MARKET CHART
Loco Gold Daily Chart (LGD)