Tuesday, 16 April 2024
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GLOBAL
US Sanctions Companies Linked to Gold Trade to Fund Wagner Fighters
Wednesday, 28 June 2023 17:23 WIB

The United States on Tuesday accused companies in the United Arab Emirates, the Central African Republic and Russia of engaging in illicit gold deals to help fund the mercenary fighters of Russia's Wagner Group. The U.S. Treasury Department said in a statement it has sanctioned four companies...

MARKET UPDATE
Stock Futures are Little Changed After Dow's Sixth Straight Losing Day
Tuesday, 16 April 2024 15:26 WIB

U.S. stock futures were marginally lower Tuesday morning after a losing day for the major benchmarks. Dow Jones Industrial Average futures inched lower by 51 points, or 0.13%. S&P 500 futures and Nasdaq 100 futures were down 0.1% and 0.04%. Wall Street is coming off a choppy day for the...

ECONOMY
UK Unemployment Rate Climbs to 4.2% in Quarter to February vs. 4.0% Expected
Tuesday, 16 April 2024 13:24 WIB

The United Kingdom's (UK) ILO Unemployment Rate came in at 4.2% in the three months to February, rising from 3.9% in the previous period, data published by the Office for National Statistics (ONS) showed Tuesday. The reading missed the market expectations of a 4.0% print. Additional details of...

GOLD CORNER
Wall Street and Main Street Still See Gains For Gold This Week Amid Extreme Volatility
Monday, 15 April 2024 13:10 WIB

Gold prices chugged along for much last week, trading between $2,300 and $2,360 through Wednesday, shaking off hotter-than-expected CPI and lulling market participants into a false sense of stability. Then, late Thursday, the rollercoaster began to ratchet back up, with spot gold hitting a new...

COMMODITY
Oil Slips as Concern Eases About Middle East Supply Risk
Tuesday, 16 April 2024 19:07 WIB

Oil edged lower on Tuesday as easing concern about supply risks and a rapidly escalating conflict after Iran's weekend attack on Israel offset data showing China's economy grew faster than expected in the first quarter. Also weighing was stronger-than-expected U.S. retail sales for March that...

FISCAL & MONETARY
ECB Holds Interest Rates and Firms Path to First Cut in June
Thursday, 11 April 2024 19:29 WIB

The European Central Bank held interest rates steady for a fifth meeting, while sending its clearest signal yet that cooling inflation will soon allow it to commence cuts. The deposit rate was left at a record-high 4%, as overwhelmingly predicted by a Bloomberg poll in which...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
08.30 CHN New Home Prices m/m -0.36% -0.34%
09.00 CHN Industrial Production y/y 7.0% 4.5%
09.00 CHN GDP q/y 5.2% 5.3%
09.00 CHN Retail Sales y/y (CHN) 5.5% 3.1%
09.00 CHN Fixed Asset Investment ytd/y 4.2% 4.5%
MARKET CHART
Loco Gold Daily Chart (LGD)