Gold Steadies Before Powell Speech

Central bank policymakers have shown openness to more cuts  Gold steadied near a record as investors pondered the Federal Reserve’s rate-cut path, ahead of a speech by Chair Jerome Powell and the release of inflation-linked price data. Bullion traded just above $2,660 an...

China stocks soar in stimulus afterglow; dollar sags on rate bets

Australia 10-Year Government Bond Yield

Australia's 10-year government bond yield rose slightly to around 3.94% as investors digested data showing a slowdown in inflation. Data on Wednesday revealed that Australia’s headline inflation fell to a three-year low of 2.7% in August from 3.5% in the previous month, and slightly below market...

European Markets Set for Choppy Open as Growth Concerns Return

European stocks are expected to open in mixed territory Tuesday as economic uncertainty and concerns over Europe’s growth outlook return to the fore. The U.K.’s FTSE index is expected to open 4 points higher at 8,253, Germany’s DAX up 23 points at 18,852, France’s CAC 40 up 19 points at 7,518 and...

RBA expected to hold key interest rate steady, with markets expecting first cut in February 2025

The Reserve Bank of Australia (RBA) is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday. The RBA is widely expected to hold the Official Cash Rate (OCR) at 4.35% following...

Japan's Sept factory activity slips, PMI shows

Japan's factory activity eased in September due to softer production, although further expansion in the service sector supported overall business momentum, a survey showed on Tuesday. The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) fell to 49.6 in September from 49.8...

ADP Jobs Report Says Businesses Hired 152,000 Workers in May

U.S. businesses added 152,000 new jobs in May to mark the smallest increase this year, paycheck company ADP said, in what appears to be another sign of a broader slowdown in hiring. Economists polled by the Wall Street Journal had forecast a gain of 175,000. ADP is not a good predictor...

US Factory Activity Contracts as Orders Slide, Output Weakens

US factory activity shrank in May at a faster pace as output came close to stagnating and a measure of orders fell by the most in nearly two years. The Institute for Supply Management’s manufacturing gauge fell 0.5 point to 48.7, the weakest in three months, data out Monday showed....

S&P Global US Final Manufacturing PMI Revised Upwards in May, Above April Reading

The S&P Global US manufacturing index for May was revised upwards to 51.3 from the flash reading of 50.9, compared with expectations for no revision in a survey compiled by Bloomberg as of 7:55 am ET. The May index stands above the 50.0 reading in April, indicating a return to expansion. The...

US Firms Add More Jobs Than Forecast in December, ADP Data Show

US companies ramped up hiring in December, suggesting there’s still appetite for workers in a cooling labor market. Private payrolls increased 164,000 last month after a revised 101,000 gain in November, according to figures published Thursday by the ADP Research Institute in collaboration...

Japan’s Inflation Hits 3%, Adding to Doubts Over BOJ’s Stance

Japan’s inflation hit 3% for the first time in over three decades excluding the impact of tax hikes, an acceleration that adds to the doubts over the need for continued central bank stimulus. The rise in September’s consumer prices excluding fresh food from a year ago, matched...

Japan Materials Inflation Strengthens as Weak Yen Fuels Prices

The pace of gains in Japan’s producer prices unexpectedly accelerated in September as the yen’s historic slide continued to inflate import costs. A measure of input prices for Japanese firms rose 9.7% in September from a year earlier, the Bank of Japan reported Thursday. Analysts had forecast...

Inflasi Capai Rekor Tertinggi, Warga AS Antre Panjang di “Food Bank”

Antrean panjang kembali terjadi di berbagai bank makanan (food bank) di seluruh Amerika seiring semakin banyak warga yang kewalahan menghidupi keluarga mereka di tengah inflasi yang mencapai rekor dalam sejarah Amerika. Melonjaknya harga BBM dan bahan makanan membuat banyak orang untuk pertama...

Emas Stabil Karena Penurunan dolar, Menuju Koreksi Mingguan

Harga emas stabil pada Jumat (10/9), terjebak di antara mundurnya dolar dan meningkatnya ketidakpastian atas jadwal imulainya tapering stimulus Federal Reserve AS, diikuti logam mulia menuju ke rekor penurunan mingguan. Harga emas di pasar spot sedikit berubah pada $1.795,86 per ons dan turun...

Emas Turun Jelang Data Pekerjaan AS, Dolar Kuat

Harga emas beringsut lebih rendah pada hari Kamis (1/7), karena dolar melayang di dekat level puncak tiga bulan, dengan investor menantikan laporan pekerjaan utama AS yang akan dirilis akhir pekan ini sebagai petunjuk terkait kebijakan moneter. Harga emas di pasar spot turun 0,1% menjadi...

Data Layanan Jerman, Prancis Meningkat Sementara Pabrik Tertekan

Dua ekonomi terbesar di Eropa melaporkan rebound besar dalam jasa di bulan Mei, mendorong pemulihan ekonomi mereka bahkan saat sektor pabrik berjuang melawan kekurangan dan penundaan. Indeks pembelian manajer (PMI) dari Jerman dan Prancis menunjukkan aktivitas ekonomi sektor swasta membaik,...