Monday, 01 June 2020
Jakarta
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Tokyo
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GLOBAL
Democratic Lawmakers Raise Concerns Over TikTok Privacy Regulations
Friday, 29 May 2020 23:46 WIB

Fourteen Democratic members of the U.S. House of Representatives' Energy and Commerce Committee are requesting that Federal Trade Commission regulators investigate the popular video app TikTok for violations of children's privacy. The Energy and Commerce Committee conducts oversight on the FTC's...

MARKET UPDATE
Tokyo's Nikkei Index Edges Up at Open
Monday, 1 June 2020 07:50 WIB

Tokyo's key Nikkei index edged up at the open on Monday, as investors looked for clues about the direction of the day's trade following a mixed close in New York. The benchmark Nikkei 225 index was up 0.10 percent or 22.65 points at 21,900.54 in early trade, while the broader Topix index was down...

ECONOMY
U.S. GDP Contracted 5% in First Quarter Instead of 4.8%
Thursday, 28 May 2020 19:53 WIB

The U.S. economy contracted at an annual 5% pace in the first quarter instead of 4.8%, revised government data show. A downward revision to inventory investment mostly accounted for the downward revision, the Commerce Department said. Looking ahead, economists surveyed by MarketWatch predict GDP...

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
U.S. oil futures reverse course to finish higher, climb 88% for the month
Saturday, 30 May 2020 02:12 WIB

U.S. oil futures reversed course to finish higher Friday, getting a boost as traders eye developments tied to Hong Kong related tensions between the U.S. and China, and as another drop in U.S. oil rigs suggested further domestic production declines. U.S. prices ended the month with a gain of 88%,...

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
07.30 JPN Final Manufacturing PMI (JPN) 38.4 38.4
08.45 CHN Caixin Manufacturing PMI 49.4
15.30 GBP Final Manufacturing PMI 40.6
20.45 U.S Final Manufacturing PMI (US) 39.8
21.00 U.S ISM Manufacturing PMI 41.5
MARKET CHART
Loco Gold Daily Chart (LGD)