techkenyot.com
techkenyot.com May 21, 2019


Gold steadies as European Central Bank stance drag equities; U.S

10 March 2019, 02:52 | Hattie Nash

Gold steadies as European Central Bank stance drag equities; U.S

The news from China is bad

Growth in China has also been slowing and previous year hit its lowest level in three decades, with a further lowering expected for 2019. However, the drop from January's figures - which saw exports up 13.9 percent and imports climb 2.9 percent - is the biggest in three years.

Can they bank on this solution?

Analysts cautioned the timing of the Lunar New Year made it hard to draw a true signal from the noise but the scale of the miss was alarming. MSCI's broadest index of Asia-Pacific shares outside Japan skidded 1.1 percent to a two-week trough. On Wednesday it cut its growth forecast for the euro zone to 1 percent from the prediction of 1.8 percent which it made just last November. Conditions in the Euro Zone were perceived as so bad that the ECB: pushed back the timing of its first post-crisis interest rate hike to 2020, cut its economic forecasts and launched a new round of cheap bank loans.

German new orders
Gold steadies as European Central Bank stance drag equities; U.S

Yet the cocktail of growth woes and dovish central banks proved a boon for bonds.

The data knocked Chinese stocks off the 20-month highs hit earlier in the week, with mainland equity indexes plunging more than 4 percent in their worst day in five months. "We were not expecting something so clear, so soon, and markets were not either, so bond yields are likely to stay low for longer". A weaker U.S. Dollar also tends to make dollar-denominated gold more attractive to foreign traders.

The Australian Dollar trod water at $0.7013, having declined 0.9% this week and hitting a 2-month low of $0.7005 after data showed the economy grew at its slowest pace in 2 years last Quarter. There was also a chance the jobless rate could fall by more than forecast given the recent strength in employment.

Jason Day Withdraws From Bay Hill With Back Injury
I couldn't play at 100 percent today, so I just wanted to see if I could get out there and it may have loosened up. Day said he hoped to be ready to play next week's Players Championship, which he won in 2016.

The difference between the overnight and forward Eonia interest rates - bank-to-bank interest rates for the euro area that provide some indication of how investors view the ECB rate trajectory - imply a 10-basis-point rate hike is now only fully priced in for late-2020.

The news saw the euro slip against the United States dollar and the Swiss Franc.

The numbers are still likely to highlight the relative outperformance of the US economy, especially against the European Union, and further encourage dollar bulls. GDP growth estimates for the year ahead have been lowered to 1.1 percent for the Eurozone, with Germany and Italy struggling in particular.

Jussie Smollett Faces 16 Felony Charges in Alleged Fake Attack Case
There's also been some question of whether he could face federal charges for allegedly mailing himself a fake hate letter . He also noted that a noose was placed around his neck and a chemical was poured on him.

Gold futures on the COMEX division of the New York Mercantile Exchange jumped back on Friday as weak USA job data dragged down the dollar and equities.

West Texas Intermediate crude dropped 1 percent to $56.11 a barrel.

From Tendulkar to Yuvraj, cricketers attend Akash Ambani-Shloka Mehta wedding
Akash and Shloka's wedding ceremony will kickstart around 7.30pm followed by a dinner at the Jio World Centre in Mumbai . Akash and Sholka got engaged in June 2018 and celebrated the occasion with a string of lavish parties in Mumbai .



Other News

Trending Now

Gerrard says 'slip' pain will not ease even if Liverpool win league
I wouldn't call it stress and I am enjoying it but there is no doubt sleeping is more hard . "I always want to be better". Paul Merson has warned Jurgen Klopp that Liverpool FC are facing a must-win game against Burnley at Anfield on Sunday.

Meghan avoids Twitter so she doesn't get muddled by the 'noise'
When asked by the event's chairwoman and senior editor of The Economist Anne McElvoy if she looked at Twitter , she said , "No, sorry no".

Trump says Democrats have become an ‘anti-Jewish party’
Omar, for her part, praised the resolution for condemning "anti-Muslim bigotry". And as far as global relations goes, Ms.

Beijing played constructive role in de-escalating Pakistan, India tensions: China
The statement comes days after Pakistan Army spokesperson Major General Asif Ghafoor said that JeM "does not exist" in Pakistan. The corridor will facilitate the visa-free travel of Indian Sikh pilgrims to Gurudwara Darbar Sahib in Kartarpur.

R. Kelly freed from jail after someone made payment
In his explosive interview with " CBS This Morning " co-host Gayle King, he said he only had $350,000 left in his bank account . In the case of alleged sexual abuse, Kelly was jailed on February 22 and released three days later after posting $100,000 bail.

Abandoned tents, foxholes left behind by ISIS in Syria
It is unclear how many people remain inside, but the SDF has been surprised by the large numbers streaming out in recent days. On Wednesday, a senior SDF commander said that about 400 ISIL fighters were captured as they tried to leave the enclave.

Sarri delighted with Chelsea: We're now finding consistency
In the midfield, Mateo Kovacic could be entrusted with the holding role with Jorginho being rested. Chelsea are looking to build some momentum going into the crunch phase of the 2018-19 campaign.

Jennifer Lopez and Alex Rodriguez get engaged
Rodriguez wrote in the post, "She said yes", alongside a photo of Lopez's hand with a massive diamond ring. The duo announced on Instagram that they're engaged after just over two years of dating.

Multiple lawyers reached out for presidential pardons
His lawyers totally contradicted him. " I said NO ", Trump recalled, in a tweet which thrice repeated the phrase " he lied ". He told the hearing last week that he had " never asked for , nor would I accept, a pardon from Mr Trump".

Kelly: When and How to Watch 'CBS News: The Gayle King Interview'
According to court documents, Kelly owed more than $169,000 in unpaid child support to his former wife as of February 6. His defense attorney Steve Greenberg explained that mismanagement of money and other issues have sapped Kelly's wealth.