Gold Holds Drop Near Two-Week Low as Jobs Data May Fan Rate Bets

Gold held a decline before a U.S. nonfarm payrolls report on Friday that could bolster the case for an interest-rate rise after private jobs data showed an increase in hiring. Bullion for immediate delivery was at $1,115.85 an ounce at 8:45 a.m. in Singapore from $1,115.09 on Wednesday, when prices fell 1.1 percent to the lowest close in two weeks, according to Bloomberg generic pricing. Gold fell for five straight quarters as the...

Oil Sticks Near $45 Amid Mixed Supply Signals From OPEC, U.S.

Oil held in its range near $45 a barrel as signals from OPEC and the U.S. show supply easing while inventories in the world’s biggest consumer increased. Futures gained as much as 0.7 percent New York after falling 0.3 percent Wednesday. U.S. production declined for the seventh time in eight weeks to a 10-month low while stockpiles rose by 3.96 million barrels. The Organization...

Japan Topix Gains After Biggest Quarterly Slump in Five Years

Japanese stocks climbed, after the Topix index posted its steepest quarterly drop in five years, as non-bank lenders and precision instrument makers advanced. The Topix added 0.7 percent to 1,421.52 as of 9:03 a.m. in Tokyo, gaining for a second day after plunging 4.4 percent on Tuesday. The measure slid 13 percent in the three months through Sept. 30, the biggest decline since the June quarter of 2010. The Nikkei 225 Stock Average...

Asian Stocks Track U.S. Advance as Investors Await China Data

Asian stocks followed U.S. shares higher, after the regional benchmark index posted its worst quarter since 2011, as investors awaited Chinese factory data. The MSCI Asia Pacific Index advanced 0.2 percent to 124.09 as of 9:01 a.m. in Tokyo. The gauge slumped 15 percent in the three months ended September. The Standard & Poor’s 500 Index rose 1.9 percent in New York Wednesday, its best rally in three weeks, paring its quarterly drop...

U.S. Stocks Advance, Shaving Worst Quarterly Rout in Four Years

U.S. stocks rallied in September’s final session, with the Standard & Poor’s 500 Index rising the most in three weeks, bringing traders some comfort as equities trimmed their worst quarterly decline since 2011. The S&P 500 Index climbed 1.9 percent to 1,919.50 at 4 p.m. in New York, the most in three weeks after snapping a five-day losing streak Tuesday. The measure ended September down 2.7 percent. The S&P 500 slumped...

Aust dollar holds below US70c

The Australian dollar is higher, helped by a bounce in US stocks on the back of some strong US consumer confidence data. At 6.30am (AEST), the local unit was trading at US69.91c, up from US69.47c on Tuesday. Wall Street spent a large part of its day in negative territory, before enjoying strong gains after a report showed that the US consumer confidence index had risen to 103.0, when a sharp drop had been expected. Source : Business...

USD/JPY: bullish hammer formation on 120 handle

USD/JPY is currently trading at 119.64 with a high of 120.16 and a low of 119.24. USD/JPY is flat with a familiar range. Price is subject to risk-on or risk-off themes as we progress through the sessions. The 200 DMA remains the key resistance at 120.88 today while the downside key support stays with 119.20 today. Stocks picked up in the European shift while the US is performing a little better as well albeit still mainly in the red. Commodities ...

Asian Futures Rise Amid Late U.S. Rally While Yen Holds Advance

Asian investors took heart from a late-in-the-day rally in U.S. stocks, with futures on indexes from Japan to Australia signaling gains as the worst quarter for global equities since 2011 comes to a close. Futures foreshadowed a 1.7 percent rebound in the Nikkei 225 Stock Average, which slid to the lowest level since January Tuesday amid an Asia-wide equity selloff as concern over China’s slowdown took hold in markets once again....

S&P 500 Index Trims Quarterly Drop While Apple Weighs on Nasdaq

The Standard & Poor’s 500 Index trimmed its worst quarterly decline since 2011, as health-care shares rebounded from their est losing streak in four years. The S&P 500 Index rose 0.1 percent to 1,884.03, at 4:03 in New York, and is down 4.5 percent in September, following August’s 6.3 percent retreat. The Nasdaq Composite Index lost 0.6 percent as Apple Inc. sank 3 percent. Stocks have been volatile in recent weeks amid confusion...

U.S. Stocks Fluctuate as Drop in Consumer Shares Offset Biotechs

U.S. stocks fluctuated, with declines in consumer shares offsetting a rebound in biotechnology companies, as investors struggle to reconcile the prospects for higher interest rates with lingering concerns about slowing global growth. The Standard & Poor’s 500 Index rose less than 0.1 percent to 1,882.09 at 12:21 p.m. in New York, after rising as much as 0.9 percent. The Dow Jones Industrial Average slipped 13.82 points, or 0.1 percent,...

Dollar Gets Support After Fed Officials See 2015 Rate Increase

The dollar held a two-day advance after two Federal Reserve officials said they expect the central bank to raise interest rates this year. The greenback maintained gains against most of its major counterparts Monday after New York Fed President William C. Dudley said such a policy move would probably be followed by gradual tightening. He echoed the sentiment of Chair Janet Yellen that an uncertain global outlook...

Oil Falls to Two-Week Low as Chinese Data Signals Weaker Demand

Oil fell to a two-week low as declining Chinese industrial profits signaled demand may be weakening in the biggest crude-consuming country after the U.S. West Texas Intermediate futures slid 2.8 percent, erasing last week’s 2.3 percent gain. China’s industrial-company profits declined 8.8 percent in August, the most in at least four years. Investors are awaiting the release of...

Saham Jepang Gabung Selloff Global Seiring Topix Menuju Level Terendah Sejak Februari

Aksi jual ekuitas global menyebar ke Jepang, mengirim indeks Topix menuju penutupan terendah sejak Februari. Topix turun 2,4 persen ke level 1,404.83 pada pukul 09:03 pagi waktu Tokyo, dengan kerugian perusahaan ekspedisi dan pembuat baja memimpin penurunan. Indeks Nikkei 225 Stock Average turun 2,1 persen ke level 17,270.23. Yen menguat 0,1 persen ke level 119,75 per dolar setelah penguatan 0,6 persen pada hari Senin seiring investor...

Asian Futures Signal More Losses as Markets Roiled; Bonds Climb

The selloff sweeping through global equity markets looked set to continue in Asia, with index futures signaling more declines amid mounting concern over the impact of China’s slowdown. Australian bonds rose and the yen held gains as rising volatility fueled demand for haven assets. Futures on gauges from Japan to Australia slumped as a measure of global stocks tumbled to a two-year low, putting it on track for the worst quarter since...

U.S. Stocks Fall as Biotech, Commodity Shares Lead Broad Selloff

U.S. stocks tumbled toward the worst levels of last month’s selloff as global equities slid amid a rout in commodity and biotechnology shares.  The Standard & Poor’s 500 Index fell 2.6 percent to 1,881.85 at 4 p.m. in New York, down for a fifth consecutive session to a one-month low. The Russell 2000 Index slumped 2.9 percent to an 11-month low. The S&P 500 is down 8.8 percent in the third quarter, poised for its worst...

Gold Holds Decline as Investors Look for Further Clues on Rates

Gold held its drop and headed for a fifth straight quarterly loss on prospects for a rise in U.S. interest rates this year as Federal Reserve policy makers honed their message on the outlook for borrowing costs. Bullion for immediate delivery traded at $1,146.80 an ounce at 8:50 a.m. in Singapore from $1,146.20 on Friday, when it closed 0.7 percent lower, according to Bloomberg generic pricing. Gold lost 5.7 percent over the past year...

Dollar Holds Gain as Focus Returns to Signs of Economic Growth

The dollar held gains from its best week since July as investors look for further signs that the U.S. economy is strong enough for the Federal Reserve to raise interest rates by the end of this year. The greenback advanced against all of its 16 major counterparts last week after a report on Friday showed the world’s largest economy expanded more than previously forecast in the second quarter and Fed Chair Janet Yellen said the central...

Asian Stocks Swing Before China Data; Japanese Shares Retreat

Asian stocks fluctuated, with the regional benchmark index on course for its worst quarter in four years, as investors awaited data on Chinese industrial profits. Shares in Japan slid. The MSCI Asia Pacific Index added less than 0.1 percent to 125.08 as of 9:04 a.m. in Tokyo after slipping as much as 0.1 percent. The regional gauge has slumped about 15 percent since the end of June, heading for its worst quarter since 2011, as the Federal...

Japan Stocks Drop as Over 1,000 Topix Members Trade Ex-Dividend

Japan’s stocks fell, after the Topix index capped its sixth weekly decline in seven weeks, as more than half the companies in the measure traded without the right to receive the next dividend. The Topix slipped 0.5 percent to 1,446.97 as of 9:01 a.m. in Tokyo, while the Nikkei 225 Stock Average lost 0.4 percent to 17,808.47. More than 1,000 Topix members are trading ex-dividend Monday, equating to a 10.8 point drag on the measure,...

S&P 500 Closes Little Changed Amid Biotech Selloff, Nike Rally

The Standard & Poor’s 500 Index closed little changed, with the benchmark declining for a second straight week as biotechnology stocks tumbled toward a bear market, thwarting a rally led by Nike Inc. The Standard & Poor’s 500 Index fell less than 0.1 percent to 1,931.51 at 4 p.m. in New York, after earlier rising as much as 1.1 percent. The Nasdaq Composite Index lost 1 percent, erasing a 1.1 percent climb, while the Dow Jones...

Crude Oil Declines as Iran Advances in Deal to Revive Exports

Crude dropped as Iran made progress on an accord to lift sanctions on its exports, threatening to add to the surplus in global markets. Iran’s cooperation with inspectors is aiding the investigation of the nation’s past nuclear activities, the International Atomic Energy Agency told world powers in Vienna on Monday. Successful implementation of a July 14 deal would allow Iran to resume oil sales halted by sanctions. Declines eased in...

Gold dips as renewed rate rise bets lift dollar; commods slide

Gold fell 1 percent on Tuesday, pressured as the dollar strengthened on renewed expectations that the Federal Reserve will raise U.S. interest rates for the first time in nearly a decade. Weakness in other commodities also weighed on gold, which rallied last week after the Fed left rates at ultra-low levels, keeping a lid on the opportunity cost of holding non-yielding bullion. Gold failed to maintain those gains after a Fed official...

Asia Futures Point to More Stock Losses Before China Factory PMI

Asian stocks were poised to extend the global equity selloff, with index futures from Australia to the U.S. sliding as the anxiety that marked last month’s market turmoil returns. Futures on Asian benchmarks slid at least 1 percent in recent trading, after commodity producers and car stocks drove the Standard & Poor’s 500 Index down 1.2 percent to an almost two-week low. Demand for the safest investments continued Wednesday, with...

U.S. Stocks Retreat Amid Global Slump in Auto, Commodity Shares

U.S. stocks fell, with raw-material shares dragged lower as commodities retreated, a selloff in biotechnology shares deepened and Volkswagen AG’s diesel-emissions cheating scandal continued to rattle global auto stocks. The Standard & Poor’s 500 Index lost 1.2 percent to 1,942.62 at 4 p.m. in New York, trimming a decline in the final hour after falling as much as 1.9 percent. It’s the third drop in four days, sending the gauge to...

U.S. Stocks Retreat Amid Global Slump in Auto, Commodity Shares

U.S. stocks fell, with raw-material shares dragged lower as commodities retreated, a selloff in biotechnology shares deepened and Volkswagen AG’s diesel-emissions cheating scandal continued to rattle global auto stocks. Fiat Chrysler Automobiles NV fell 6.2 percent, while Ford Motor Co. and General Motors Co. lost at least 2.8 percent. Dow Chemical Co. and Alcoa Inc. dropped more than 1.3 percent amid sliding commodity...

Oil Climbs as Falling U.S. Rig Count Seen Further Curbing Output

Oil advanced on signs that producers are investing less in drilling, which could take a bigger bite out of falling U.S. crude production. Explorers idled oil rigs for a third straight week in the U.S., Baker Hughes Inc. said Friday. U.S. crude output has fallen for six weeks as the price slump over the past year takes its toll on the shale-oil industry. About $1.5 trillion of potential investment in new oil projects isn’t viable with...

Gold Declines as Comments From Fed Officials Fuel Rate Concerns

Gold futures fell for the second time in three sessions as comments from some Federal Reserve officials fueled concern that the central bank may raise interest rates this year. Three policy makers argued for lifting the Fed’s key rate before year-end, days after a September increase was rejected amid financial-market volatility and concern about an economic slowdown in China. Tighter monetary policy curbs demand for gold because it...

Saham Cina Berfluktuasi Sebelum Data Manufaktur

Saham China fluktuatif diantara keuntungan dan kerugian sebelum rilis data manufaktur pada hari Rabu. Shanghai Composite Index tergelincir 0,1 persen ke level 3,154.64 pada pukul 09:34 pagi waktu setempat. Indeks acuan itu menguat 1,9 persen pada hari Senin di tengah spekulasi kunjungan kenegaraan Presiden Xi Jinping ke AS akan meningkatkan permintaan untuk permintaan teknologi dan industri nasional. 'Manufaktur Purchasing Managers' Index...

Most Asian Stocks Advance as Consumer, Material Companies Rally

Most Asian stocks rose, following a rebound in U.S. equities. Consumer and material shares led gains. Four shares climbed for each that fell on the MSCI Asia Pacific Excluding Japan Index, which was little changed as of 8:04 a.m. in Hong Kong. Japanese markets are closed for a holiday. U.S. stocks rose after Fed Bank of Atlanta chief Dennis Lockhart joined Fed presidents from San Francisco, St Louis and Richmond on Monday, saying he remains...

U.S. Shares Rise After Selloff Amid Optimism on Domestic Growth

U.S. shares advanced, following a two-day selloff, as investors took an optimistic view on domestic growth amid reassuring comments from Federal Reserve policy makers. The Standard & Poor’s 500 Index added 0.5 percent to 1,967.15 at 4 p.m. in New York, after briefly erasing a 1.1 percent gain. The gauge fell a combined 1.9 percent over Thursday and Friday. Just days after...

Oil Trades Near $45 as Saudi Stockpiles Climb Amid Supply Glut

Oil traded near $45 a barrel in New York as Saudi Arabia’s oil stockpiles climbed to a record, adding to signs that the global oversupply may persist. Futures were little changed in New York after declining 4.7 percent on Friday. Commercial petroleum stockpiles held by the world’s biggest crude exporter increased to 320 million barrels, the highest since at least 2002, according to data Sunday on the website of the Riyadh-based Joint...

Euro Extends Decline as ECB Officials Stress Divergence From Fed

The euro extended a drop from Friday, the biggest in three weeks, as traders anticipated European Central Bank officials will continue to flag a readiness to ease monetary policy amid the risk of slower growth and inflation. Europe’s common currency slid on Friday as Benoit Coeure, an ECB Executive Board member, emphasized that U.S. and Europe’s policy trajectories will “remain...

Asian Stocks Decline on Global Growth Concern After Fed Comments

Asian stocks declined after U.S. shares fell and Federal Reserve officials argued that an interest-rate increase is still warranted this year. Markets in Japan are closed. The MSCI Asia Pacific Excluding Japan Index lost 0.6 percent to 410.10 as of 10:01 a.m. in Sydney, before markets in China and Hong Kong opened. Australia’s S&P/ASX 200 Index fell 0.4 percent and South Korea’s Kospi index retreated 1.1 percent. New Zealand’s S&P/NZX...

U.S. Stocks Tumble as Fed Decision Spurs Global Economy Concerns

U.S. stocks tumbled, erasing the week’s gain in the Standard & Poor’s 500 Index, as the Federal Reserve’s warnings over the global economic outlook rippled across financial markets. The S&P 500 lost 1.6 percent to 1,958.13 at 4 p.m. in New York. Banks took a hit for a second day, wiping out a rally from earlier in the week, while energy shares plunged with the price of oil. The VIX, a measure of market volatility, climbed for...

U.S. Stocks Fall as Fed Decision Spurs Economy Concern

U.S. stocks slumped as investors speculated the Federal Reserve’s refusal to raise rates bespeaks larger concerns about the strength of the global economy. The Standard & Poor’s 500 Index lost 1.2 percent to 1,966.72 at 12:52 p.m. in New York. The gauge pared its gain for the week to 0.3 percent. The Dow Jones Industrial Average dropped 238.61 points, or 1.4 percent, to 16,436.13. The Dow Jones Transportation...

Dollar Falls to 3-Week Low as Fed Keeps Interest Rates Unchanged

The dollar fell to a three-week low after the Federal Reserve held off on raising interest rates. The U.S. central bank declined to boost its short-term interest-rate target at its policy-setting meeting in Washington, opting to delay an increase amid stubbornly low inflation, an uncertain outlook for global growth and recent financial-market turmoil. The Bloomberg Dollar Spot Index dropped 0.4 percent percent to 1,196.46 as of 2:10...

Oil Holds Near $47 After Federal Reserve Leaves Rates Unchanged

Oil traded near $47 a barrel after the Federal Reserve left interest rates unchanged. Futures edged lower in New York after climbing 5.7 percent Wednesday on an unexpected decline in U.S. crude stockpiles. The dollar dropped after the U.S. central bank declined to boost its short-term interest-rate target at its policy-setting meeting in Washington. A weaker U.S. currency bolsters the appeal of commodities priced in the greenback as a ...

Gold Prices Head Higher After Fed Stands Pat on Rates

Gold futures climbed in electronic trading Thursday, as the Federal Reserve left interest rates unchanged. Prices for the metal had settled with a loss Thursday shortly before the Fed announcement, which was one of the most anticipated in recent memory. In its announcement, the central bank implied a hike is still on tap before the end of the year. Following the Fed announcement, gold for December delivery traded at $1,127.20 an ounce...

U.S. Stocks Drop as Rate Decision Fuels Global Economy Concern

U.S. stocks ended lower, after swinging between gains and losses, as the Federal Reserve’s decision to keep interest rates near zero percent raised questions about the strength of the global economy. The Fed kept its policy interest rate unchanged, showing reluctance to end an era of record monetary stimulus in a time of market turmoil, rising international risks and slow inflation at home. Stocks erased an advance after Chair Janet...

U.S. Stocks Fluctuate With Treasuries Before Fed Rate Decision

U.S. shares fluctuated near a four-week high, while Treasuries and the dollar were little changed as investors turned cautious before the Federal Reserve renders its decision on interest rates. Futures traders see only a 30 percent chance that policy makers will raise rates on Thursday at the same time 54 of 113 economists surveyed by Bloomberg predict some kind of increase. Investors have dialed back expectations for higher rates since ...

Oil Surges the Most in Two Weeks After U.S. Inventories Decline

Oil rose the most this month after a government report showed U.S. crude inventories declined as refineries bolstered operating rates. Stockpiles slipped 2.1 million barrels last week, according to the Energy Information Administration. Refineries increased operating rates for the first time since July, and supplies of gasoline and distillate fuels surged. Stocks of oil exploration and production companies rallied, while those of refiners...