RRI.CO.ID, Jakarta - China’s manufacturing data recently rose to 50.1, entering a positive expansion zone. This good news brought fresh hope to stock markets across Asia.
Investors are now looking forward to the upcoming US inflation data release. This report will guide the future direction of global financial markets.
Investors must watch US inflation closely because it might trigger rate hikes soon. Such monetary tightening could worsen conditions across the global financial sector.
Asian stock markets mostly traded in the green during the morning session. Meanwhile, the Indonesian Stock Index moved within a tight sideways range.
The Indonesian Rupiah strengthened sharply against the US Dollar today. This surge happened as global crude oil prices dropped below one hundred US dollars.
Higher oil supply successfully pushed down crude prices to around ninety-six dollars per barrel. Alongside lower energy costs, global gold prices also climbed significantly higher.
Gold prices climbed to record levels amid shifting market speculation. These global economic changes continue to reshape daily financial trends worldwide.
Writer: Gunawan Benjamin (Economist, UISU)
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