Wednesday, 16 October 2019
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GLOBAL
Erdogan Remains Defiant in Face of US Sanctions
Wednesday, 16 October 2019 10:56 WIB

U.S. sanctions on Turkey over its Syrian military offensive are being dismissed by the political leadership in Ankara, as financial markets shrug off the measures. Sanctions were announced against Turkish officials on Monday as negotiations on a $100 billion trade deal ended. While a tariff on...

MARKET UPDATE
Nikkei climbs to 10-month high on weaker yen; chip-related stocks shine
Wednesday, 16 October 2019 10:39 WIB

Japanese shares rallied to more than 10-month highs on Wednesday as a weaker yen lifted blue-chip exporters, while chip-related stocks advanced, taking their cue from Wall Street peers. The benchmark Nikkei average rose as much as 1.8% to 22,615.47, its highest intra-day level since Dec. 3 in...

ECONOMY
U.S. Consumer Prices Trail Projections as Used-Car Costs Tumble
Thursday, 10 October 2019 20:04 WIB

A key measure of U.S. consumer prices rose by less than expected in September as used-car costs fell by the most in a year, likely bolstering the case for the Federal Reserve to cut interest rates for the third time in three months. The core consumer price index, which excludes food and...

GOLD CORNER
Gold prices to return to $1,500 levels soon - analysts
Monday, 14 October 2019 11:29 WIB

Even though gold was getting beaten up last Friday, analysts were still optimistic that the precious metal was going to return to its key $1,500 level soon. Gold fell more than 1% on Friday (10/11/19) with December Comex gold futures last trading near two-week lows at $1,487.70 an ounce. Upbeat...

COMMODITY
Oil Holds Two Days of Losses as Demand Outlook Deteriorates
Wednesday, 16 October 2019 09:17 WIB

Oil held two days of losses as a worsening demand outlook was compounded by signs it will be difficult for the U.S. and China to reach even a limited trade deal. Futures in New York edged higher after dropping 3.5% over the previous two sessions. Beijing wants a rollback in...

FISCAL & MONETARY
The RBA minutes: Board prepared to ease policy further if needed to support growth, jobs
Tuesday, 15 October 2019 08:06 WIB

The Reserve Bank of Australia came with the Minutes for the RBA Board's 1 October meeting. Members commenced their discussion of global economic conditions by noting that heightened policy uncertainty was affecting international trade and business investment. This had continued to be apparent in...

ECONOMIC CALENDAR
Time Country Figures Previous Actual
15.30 GBP CPI y/y (GBP) 1.7%
15.30 GBP PPI Input m/m -0.1%
15.30 GBP Core CPI y/y 1.5%
15.30 GBP RPI y/y 2.6%
15th-17th CHN Foreign Direct Investment ytd/y 6.9%
MARKET CHART
Loco Gold Daily Chart (LGD)