German stocks held steady on Thursday after official data revealed Germanys factory orders grew unexpectedly in July largely due to the surge in demand for transport equipment. Incoming new orders advanced 2.9 percent on a monthly basis in July following Junes revised 4.6 percent expansion, Destatis reported. Orders were forecast to fall 1.6 percent. On...
French stocks were subdued on Thursday as investors looked ahead to the release of more U.S. and Eurozone economic data this week for clues to the economic and rate outlook. The dollar remained on the back foot on expectations of deeper interest rate cuts, with some believing the Federal Reserve might go big with a...
European stocks traded mixed on Thursday, after having hit a two-week low on Wednesday on growth worries. Eurozone retail sales volumes rose by 0.1 percent month-on-month in July, Eurostat reported today, matching expectations. Separate data revealed Germanys factory orders grew unexpectedly in July largely due to the surge in demand for transport equipment. Incoming new...
The UK construction sector posted another strong growth in August as lower borrowing cost and gradual improvement in market conditions boosted residential work, survey results from S&P Global showed on Thursday. The construction Purchasing Managers Index fell to 53.6 in August from Julys 26-month high of 55.3. The reading was expected to drop moderately to...
JAKARTA -PT Bayan Resources Tbk (BYAN) and its subsidiary, PT Bayan Energy (BE), is acquiring the entire shares of PT Berau Utama Berkatsetia (BUB) in PT Enggang Alam Sawita (EAS) for IDR 105.14 billion. BYAN and EAS actually had a history regarding joint land utilisation. Jenny Quantero, Director of BYAN, said that EAS’s plantation area...
JAKARTA. The Indonesian government will hold another round of auction of Government Sharia Securities (lit. Surat Berharga Syariah Negara/SBSN) or State Sukuk on September 10, 2024. There will be 7 series of sukuk offered in said auction, as stated by the Directorate General of Budget Financing and Risk Management of the Ministry of Finance. They...
JAKARTA – Throughout August 2024, Indonesia Stock Exchange (IDX) authorities put 21 issuers under special monitoring, mostly due to their stock prices that do not go over IDR 51 per share in the regular market. Based on IDNFinancials’ compiled data today (5/9), there are 9 issuers under monitoring due to their prices that do not...
Voksel Electric Tbk (VOKS), a cable manufacturer company, has now secured “idBBB+” rating from Pemeringkat Efek Indonesia (Pefindo) for Series B of Bond I Year 2019, which is still circulating in the public now, from the initial “idBBB”. Pefindo believes that the rating upgrade reflects the expectation of support from the controlling shareholder of VOKS,...
JAKARTA -PT Wilton Makmur Indonesia Tbk (SQMI)is targeting production capacity of 300 tons of gold per day in September 2024, as higher cyanide supply will expedite gold ore refinery. This target is revealed by Mohammad Noor Syahriel, Corporate Secretary of SQMI, in the information disclosure quoted Thursday (5/9). “The group will continue to identify and...
European stocks are seen opening sharply lower on Wednesday as investors fret about the U.S. economic outlook and await more economic readings this week for clues on the Federal Reserves rate-cutting cycle. Tech shares may face increased selling pressure after reports that the U.S. Justice Department has sent Nvidia a subpoena as part of a...