Bursa saham Hong Kong bukukan keuntungan solid terkait keputusan The Fed (Review)

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Bursa saham Hong Kong berakhir lebih tinggi pada hari Kamis setelah Federal Reserve mengurangi jumlah kenaikan suku bunga yang diharapkan tahun ini, menyokong kenaikan pada ekuitas global.

Indeks Hang Seng naik 1,2 persen ke level 20,503.81 poin, sedangkan Indeks China Enterprises naik 2,4 persen ke level 8,773.83.

Total volume perdagangan perusahaan yang termasuk dalam indeks HSI yakni sebesar 1,7 miliar saham.

Sumber : reuters

Oil Surges Above $40 in New York for First Time Since December

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Oil surged above $40 a barrel in New York for the first time since December as central banks from the U.S. to Norway signaled they will continue to provide economic stimulus to support demand.

The Bloomberg Dollar Spot Index fell a second day after the Federal Reserve scaled back expectations for the pace of interest-rate gains. A weaker dollar bolsters investor demand for commodities priced in the currency. U.S. crude output slid to the lowest level since November 2014 and supplies expanded by 1.32 million barrels, the smallest gain in five weeks, according to an Energy Information Administration report on Wednesday.

West Texas Intermediate oil has surged 54 percent from a 12-year low touched last month on speculation a global surplus will ease. American shale output is falling and some of the world’s biggest producers including Saudi Arabia and Russia are pledging not to raise their production.

WTI for April delivery rose $1.74, or 4.5 percent, to settle at $40.20 a barrel on the New York Mercantile Exchange. It’s the highest settlement since Dec. 3. Total volume traded was 19 percent above the 100-day average at 2:44 p.m.

Brent for May settlement climbed $1.21, or 3 percent, to $41.54 a barrel on the London-based ICE Futures Europe exchange. Futures ended the session at the highest level since Dec. 4. The global benchmark crude closed at a 12-cent discount to May WTI.

Source : Bloomberg

Gold Rallies as Dollar Slumps on The Fed’s Rate-Hike Retreat

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Gold futures bounced back to settle higher on Thursday as the U.S dollar beat a hasty retreat after the Federal Reserve scaled back expectations for the next interest-rate hike.

Gold for April delivery tacked on $35.20, or $2.9%, to settle at $1,265.

Gold has reclaimed its upside momentum and has the potential for an extended rally if it closes above $1,287.80 in the near term, which was last week’s high, said Jim Wyckoff, senior analyst at Kitco.com, in a report.

In other metals, silver leapt 5.1% to $16 an ounce, while copper rose 2.6%, to $2.27 an ounce.

Source : Marketwatch

Dow Average Recovers 2016 Losses as Stocks Rally on Dollar Slide

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The Dow Jones Industrial Average erased its 2016 losses, as a weaker dollar spurred a rally in commodity producers and industrial shares that spread to the broader U.S. stock market.

Equities pushed to the highest levels since the end of last year as a gamut of companies that benefit from a lower U.S. currency, from General Electric Co. to Coca-Cola Co., surged. A scaled-back pace of interest-rate increases from the Federal Reserve sent the dollar spiraling lower, helping the Dow extend a rebound of more than 11 percent from a two-year low reached last month.

The Standard & Poor’s 500 Index rose 0.7 percent to 2,040.56 at 4 p.m. in New York, near its break-even level for the year. The Dow added 0.9 percent to close at the highest since Dec.

Source : Bloomberg

Europe Stocks Close Little Changed as Oil Jump Offsets Bank Drop

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European stocks closed little changed, almost erasing intraday losses, as a surge in oil countered a decline in banks and exporters.

Miners and energy shares tracked gains in crude, with Anglo American Plc and Glencore Plc up more than 9 percent. Banks were among the worst performers on the Stoxx Europe 600 Index, while BMW AG and Continental AG led carmakers lower.

Europe’s benchmark lost less than 0.1 percent at the close. It reversed an early advance of 0.4 percent to tumble as much as 1.8 percent, before paring losses. The Federal Reserve late yesterday signaled a slower pace of rate increases, citing the potential impact from weaker global growth and financial-market turmoil.

Source : Bloomberg