Minyak Tahan Penurunan Pasca Produksi AS Mendekati Tertinggi 30 Tahun

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Minyak turun mendekati level $ 60 per barel setelah produksi minyak mentah AS naik ke level tertinggi dalam hampir tiga dekade.

Minyak berjangka sedikit berubah di New York setelah turun 1,2% pada hari Rabu. Sementara stok minyak mentah nasional turun untuk pekan kedelapan, produksi diperluas menjadi 9,6 juta barel per hari hingga 19 Juni, data pemerintah AS menunjukkan. Mendekati level tertinggi sejak Januari 1983 silam.

Minyak West Texas Intermediate (WTI) untuk pengiriman Agustus di $ 60,18 per barel dalam perdagangan elektronik di New York Mercantile Exchange, turun 9 sen menjadi 9:12 pagi waktu Sydney. Kontrak turun 74 sen menjadi $ 60,27 pada hari Rabu. Volume semua kontrak berjangka yang diperdagangkan adalah sekitar 93% di bawah rata-rata 100 hari. Harga telah meningkat 13% tahun ini.

Minyak jenis Brent untuk pengiriman Agustus turun 96 sen, atau 1,5%, ke level $ 63,49 per barel di ICE Futures Europe exchange London, pada Rabu. Acuan minyak mentah Eropa mengakhiri sesi lebih tinggi  sebesar $ 3,22 dibanding WTI.(yds)

Sumber: Bloomberg

Gold Caps Longest Slump in a Month on U.S. Economic Optimism

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Gold futures capped the longest slump in four weeks after a report showed the U.S. economy in the first quarter contracted less than estimated, supported by a bigger gain in consumer spending.

Gross domestic product fell at a 0.2 percent annualized rate, revised from a 0.7 percent drop, government data showed Wednesday. Household consumption grew at a 2.1 percent rate, up from the estimate of 1.8 percent. After the report, gold dropped as much as 0.7 percent to $1,168.10 an ounce, a two-week low.

The metal has slumped this week as the odds increased that the Federal Reserve will boost its benchmark interest rate following gains in the U.S economy. On Tuesday, government data showed purchases of new homes jumped the most in seven years, while a gold put giving owners the right to sell July futures at $1,175 surged 52 percent.

Gold futures for August delivery dropped 0.3 percent to $1,172.90 at 1:43 p.m. on the Comex in New York, a fourth straight decline and the longest slump since May 27.

Source: Bloomberg

Asian Stocks Track Global Retreat as Progress Stalls on Greece

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Asian stocks fell, following global equities lower, as Greece and its creditors broke off talks for the night in Europe without reaching a deal.

The MSCI Asia Pacific Index lost 0.1 percent to 149.58 as of 9:04 a.m. in Tokyo. Shares retreated in the U.S. and Europe on Wednesday as disagreement ensued over the terms of Greece’s bailout. Prime Minister Alexis Tsipras and his country’s creditors agreed to meet again first thing Thursday as each side pushes for an agreement. Futures on Chinese shares jumped after the government announced plans to scrap a bank-lending limit as it seeks to stoke growth.

Technical teams will convene at 6 a.m. in Brussels, followed at 9 a.m. by the resumption of negotiations between Tsipras, International Monetary Fund chief Christine Lagarde, European Central Bank President Mario Draghi and European Commission President Jean-Claude Juncker.

E-mini futures on the Standard & Poor’s 500 Index rose 0.1 percent. The underlying measure dropped 0.7 percent on Wednesday. The Stoxx Europe 600 Index lost 0.4 percent.

FTSE China A50 Index contracts added 0.8 percent in most recent trading. China intends to remove a limit capping commercial banks’ loans at 75 percent of deposits, according to a draft law amendment posted online after markets closed Wednesday. The proposal, which needs to be approved by the legislature, boosts banks’ flexibility to manage lending.

Source: Bloomberg

Japanese Stocks Halt Four-Day Rally With Greek Talks Deadlocked

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Japanese stocks fell, with the Nikkei 225 Stock Average halting four days of gains that pushed it to an 18-year high, as talks between Greece and its creditors remained deadlocked.

The Topix index lost 0.5 percent to 1,671.78 as of 9:01 a.m. in Tokyo as all but two of its 33 industry groups declined. The Nikkei 225 slipped 0.3 percent to 20,796.82, after closing Wednesday at its highest level since December 1996.

The downbeat tone from Berlin reinforced the brinkmanship at play, with finance ministers set to convene again Thursday. Greece faces a June 30 deadline to repay about 1.5 billion euros ($1.7 billion) to the International Monetary Fund.

E-mini futures on the Standard & Poor’s 500 Index added 0.1 percent. The underlying gauge fell 0.7 percent in New York on Wednesday amid the Greek talks and as revised data showed a bigger gain in consumer spending helped the world’s largest economy contract less than previously estimated. Gross domestic product fell at a 0.2 percent annualized rate in the first quarter, compared with a previously reported 0.7 percent drop.

Source: Bloomberg

U.S Shares Fall With European Equities, Bonds Gain on Greek Talks

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U.S. shares fell with European equities, while Treasuries rose with German bunds in a reversal of recent trades as Greece remained deadlocked with its creditors over terms of a bailout. Oil and gold slid.

The Standard & Poor’s 500 Index lost 0.7 percent at 4 p.m. in New York, halting a two days of gains. The Stoxx Europe 600 Index slid 0.4 percent after its best four-day rally since January. The euro rose 0.3 percent to $1.1199 after its biggest drop in three months. The yield on 10-year Treasuries fell four basis points to 2.37 percent, while German bunds lost three basis points to 0.84 percent. Oil dropped 1.2 percent.

Euro-area finance ministers adjourned a meeting on Greece without a deal, planning to resume discussions Thursday. Germany downplayed the chances of an imminent deal with Greece after the Mediterranean nation rejected the latest terms set by creditors to unlock bailout aid. The signs of fresh cracks between the sides damped optimism from earlier in the week that had sent stocks higher around the world.

The downbeat tone from Berlin reinforced the brinkmanship at play as Greek Prime Minister Alexis Tsipras met in Brussels Wednesday with the heads of the three creditor institutions. The country faces a June 30 deadline to repay about 1.5 billion euros ($1.7 billion) to the International Monetary Fund.

Source : Bloomberg