Sep 30 2024, 09:40 China’s factory activity contracted for a fifth straight month in September, a further sign of economic weakness that highlights the urgency for Beijing’s stimulus blitz. The official manufacturing purchasing managers’ index was 49.8, below the 50-mark separating growth from shrinkage, the National Bureau of Statistics said Monday. That was better than economists’ median forecast…
Oct 17 2024, 07:01 Oil inched up as traders weighed potential supply risks from the Middle East against a weak outlook for global demand. West Texas Intermediate rose toward $71 after slipping 0.3% on Wednesday, while Brent closed above $74. Israel stepped up air strikes on Lebanon, while Iran reported an oil leak near a key terminal, heightening attention on the…
China’s consumer prices rose at a faster-than-expected rate in July, while producer deflation persisted, as Beijing ramps up support for its frail consumer sector in the face of a sputtering economic recovery. The data comes in the wake of shrinking manufacturing activity and raised concerns about the outlook for exports at a time of soft…
Oil steadied after its first weekly gain since early July, with the market still waiting for Iran’s response to last month’s assassination of a Hamas leader in Tehran. Brent traded below $80 a barrel after rising almost 4% last week, while West Texas Intermediate was near $77. Tehran reiterated over the weekend its determination to punish Israel for…
Oct 21 2024, 16:19 The Hang Seng Index tumbled 326 points or 1.6% to close at 20,478 on Monday, following a 3.6% surge in the previous session. Losses were broad-based, with tech, consumers, and financials burdening the index. Traders were unimpressed by a 25bps cut to both the one-year and five-year loan prime rates in…
Saham-saham Hong Kong hampir tidak bergerak pada pembukaan Rabu (22/11) pagi menyusul hari negatif di Wall Street pasca risalah pertemuan kebijakan Federal Reserve bulan November yang menunjukkan bahwa suku bunga kemungkinan akan tetap tinggi untuk jangka waktu yang lama. Indeks Hang Seng naik tipis 2,51 poin menjadi 17.736,40. Indeks Harga Saham Gabungan Shanghai merosot 0,24%…
