Monday, 01 June 2020
Jakarta
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Tokyo
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Hongkong
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New York
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GLOBAL
Tokyo Set to Allow More Businesses to Reopen
Monday, 1 June 2020 08:31 WIB

Tokyo officials announced Friday that, beginning Monday, they will allow additional businesses, including theaters, cinemas, fitness gyms and retailers to reopen after a coronavirus state of emergency ended this week. Earlier this week, Prime Minister Shinzo Abe declared an end to a seven-week...

MARKET UPDATE
Hong Kong Shares Open With Big Gains
Monday, 1 June 2020 08:58 WIB

Hong Kong stocks rallied at the start of trade Monday after Donald Trump stopped short of imposing sanctions on China over its plans for a security law in the city. The Hang Seng Index surged 2.52 percent, or 578.44 points, to 23,539.91. China's benchmark Shanghai Composite Index climbed 0.69...

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
Gold Rises as U.S. Riots, Hong Kong Rensions Lift Safe-Haven Appeal
Monday, 1 June 2020 09:15 WIB

Gold prices climbed on Monday as reports of riots in the United States rattled investors already reeling from the deepening China-U.S. rift, fanning concerns of a fresh economic setback and drove traders towards the safe-haven metal. Spot gold was up 0.6% at $1,736.31 per ounce, as of 1243 GMT....

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)