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
Hong Kong Shares Begin with more Losses
Tuesday, 16 April 2024 08:45 WIB

Hong Kong stocks extended the previous day's losses Tuesday as traders grow increasingly worried about the Middle East crisis, while they are also awaiting the release of Chinese economic growth data. The Hang Seng Index tumbled 1.40 percent, or 232.77 points, to 16,367.69. The Shanghai...

ECONOMY
China's Economic Momentum Shows Signs of Cooling
Tuesday, 16 April 2024 09:12 WIB

China's economic momentum showed signs of cooling in March after a strong start in the first two months of the year, official data showed Tuesday. China's retail sales, a key gauge of domestic consumption, rose 3.1% from a year earlier in March, compared with a 5.5% year-over-year increase in the...

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 Prices Rise on Solid China growth, Middle East Tensions
Tuesday, 16 April 2024 12:12 WIB

Oil prices rose on Tuesday as the Chinese economy grew faster than expected, while heightened tensions in the Middle East also kept markets on edge after Israel said it would respond to Iran's weekend missile and drone attack. Brent futures for June delivery rose 48 cents, or 0.5%, to $90.58 a...

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)