Tuesday, 10 December 2019
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GLOBAL
Russia Banned From Olympics, Major Events For 4 Years Over Doping
Monday, 9 December 2019 23:50 WIB

The World Anti-Doping Agency's (WADA) executive committee has sent a "robust" rebuke of Russia's sports authorities, banning the country's athletes and officials from the Olympics and world championships in a range of sports for four years. The committee made the move "unanimously" on Monday...

MARKET UPDATE
Tokyo Stocks Open Lower in Cautious Trade
Tuesday, 10 December 2019 07:21 WIB

Tokyo stocks opened lower on Tuesday in cautious trade ahead of key events this week including the US Federal Reserve's policy decision. The benchmark Nikkei 225 index slipped 0.22 percent or 52.64 points to 23,378.06 in early trade, while the broader Topix index was down 0.07 percent or 1.16...

ECONOMY
U.S. Jobs Trounce Forecasts With 266,000 Gain; Wages Heat Up
Friday, 6 December 2019 20:54 WIB

U.S. job gains roared back in November as unemployment matched a fresh half-century low and wages topped estimates, giving the Federal Reserve more reason to hold interest rates steady after three straight cuts. Stock futures and the dollar jumped while Treasuries slid. Payrolls jumped...

GOLD CORNER
Little conviction in gold market as trade talks ebb and flow
Monday, 25 November 2019 11:27 WIB

Confusion and uncertainty dominates the gold market as traders and investors continue to react to shifting trade sentiment between China and the U.S. The latest Kitco News Weekly Gold Survey shows Wall Street analysts nearly caught in a three-way tie, while only a slight majority of retail...

COMMODITY
Oil slips as weak China export data weighs
Tuesday, 10 December 2019 03:21 WIB

Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing. Brent futures fell 14 cents, or 0.22%, to  settle at $64.25,...

FISCAL & MONETARY
Australia Holds Rate as RBA Waits for Past Cuts to Flow Through
Tuesday, 3 December 2019 10:56 WIB

Australia™s central bank kept interest rates unchanged as it waits for three cuts since June to flow through to areas of the economy beyond the property market. Reserve Bank Governor Philip Lowe and his board kept the cash rate at 0.75% Tuesday, in line with expectations of...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
06.50 JPN M2 Money Stock y/y 2.4% 2.8%
07.30 AUD NAB Business Confidence 2
08.30 CHN CPI y/y (CHN) 3.8%
08.30 CHN PPI y/y -1.6%
10th-17th CHN Foreign Direct Investment ytd/y 6.6%
MARKET CHART
Loco Gold Daily Chart (LGD)