JAKARTA – The Jakarta Composite Index (JCI) continued its downward trend, dropping by 0.7% or 49.86 points to close at 7,107.88 today, extending the decline that has persisted for the past four trading sessions. At the end of today’s (18/12) session, JCI was at its lowest point since the market opened. In the first session,...
JAKARTA – Despite PT Merdeka Copper Gold Tbk (MDKA) achieving revenue growth of 42.5% year-on-year (yoy) up to September 2024, its losses have widened significantly. According to the financial report released, MDKAs revenue for the first nine months (9M) of 2024 reached USD 1.67 billion, a substantial increase from USD 1.17 billion in the same...
The Commerce Department released a report on Thursday showing the pace of U.S. economic growth unexpectedly surged by more than previously estimated in the third quarter. The report said gross domestic product shot up by 3.1 percent in the third quarter, reflecting an upward revision from the 2.8 percent jump previously reported. Economists had expected...
Philadelphia-area manufacturing activity declined overall in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity slumped to a negative 16.4 in December from a negative 5.5 in November, with a negative reading indicating contraction. Economists...
After reporting a significant rebound by U.S. existing home sales in the previous month, the National Association of Realtors released a report on Thursday showing another substantial increase by existing home sales in the month of November. NAR said existing home sales spiked by 4.8 percent to an annual rate of 4.15 million in November...
The Conference Board released a report on Thursday showing its reading on leading U.S. economic indicators increased for the first time in well over two years in the month of November. The report said the leading economic index rose by 0.3 percent in November after falling by 0.4 percent in October. Economists had expected the...
The Canadian market is down in negative territory around noon on Thursday with stocks drifting lower for a sixth straight session, weighed down by lingering concerns about the outlook for growth, fears of tariff hikes, and hawkish comments from the Federal Reserve. The benchmark S&P/TSX Composite Index, which dropped to a low of 24,422.23, is...
European stocks closed notably lower on Thursday, with several markets falling to multi-week lows, as investors reacted to the policy announcements and views about economic outlook from the Federal Reserve and the Bank of England, in addition to digesting the latest batch of European and U.S. economic data. The pan European Stoxx 600 closed down...
The U.S. dollar rose against its major counterparts in the New York session on Thursday, as better-than-expected economic data suggested that economy is on solid footing. Data from the Commerce Department showed that the pace of U.S. economic growth unexpectedly surged more than previously estimated in the third quarter. The report said gross domestic product...
The U.S. dollar climbed to a two-year high on Thursday on upbeat economic data and the Federal Reserves signal that rate cuts next year will be fewer than previously expected. The dollar index surged to 108.49 in the New York session, gaining more than 0.4%, after exhibiting weakness in the European session. The Fed cut...