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Tuesday, November 10, 2015

Crude Oil Rises From Two-Week Low as Market Seen Tightening

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 5:22 PM No comments
Oil climbed from a two-week low amid speculation that the buildup of U.S. crude inventories will soon end as refinery demand increases. Futures rose 0.8 percent in New York. U.S. stockpiles probably increased by 1.3 million barrels last week, the smallest gain since September, according to analysts surveyed by Bloomberg. The Energy Information Administration cut its U.S. crude production outlook for 2016 Tuesday. Supply from non-OPEC...

Gold Rises for 2nd Session in a Row on Technical Bounce

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 5:22 PM No comments
Gold futures settled higher on Tuesday, with analysts attributing the modest climb to a technical bounce a day after prices for the metal snapped a seven-session streak of declines. December gold GCZ5, -0.04% added 40 cents to settle at $1,088.50 an ounce on Comex, after seesawing between modest losses and gains early on in the session. But prices continue to trade a few dollars away from lowest settlement level in more than 5 years....

Asian Stocks Fluctuate as Investors Await China Economic Reports

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 5:22 PM No comments
Asian stocks fluctuated, with the regional benchmark index trading near the lowest since mid-October, as investors awaited a spate of Chinese data for clues on the extent of the slowdown in the world’s second-largest economy. About the same number of shares gained and fell on the MSCI Asia Pacific Index, which added 0.1 percent to 132.87 as of 9:07 a.m. in Tokyo. The gauge closed at its lowest since Oct. 14 on Tuesday as slower-than-forecast...

Topix Falls From Near August High as Investors Weigh Earnings

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 5:21 PM No comments
Japanese stocks fell, with the Topix index retreating from near the highest level since August, as investors weighed earnings and awaited Chinese economic reports. The Topix lost 0.3 percent to 1,585.17 as of 9:02 a.m. in Tokyo, after posting a 4.1 percent rally in the past five trading days. Sumitomo Metal Mining Co. and Mitsubishi Materials Corp. cut profit outlooks Tuesday, underscoring the challenges from waning Chinese demand....

S&P 500 Index Rises for First Time in Five Sessions; Apple Falls

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 5:20 PM No comments
U.S. stocks were little changed, after the Standard & Poor’s 500 Index fell the most in six weeks, as investors weighed the extent of the autumn rally in equities and the odds of higher interest rates in December. The S&P 500 rose 0.2 percent to 2,081.84 at 4:01 p.m. in New York, erasing an earlier drop of as much as 0.4 percent, and ending the longest losing streak since September. The benchmark gauge slid the most since...

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