Go Finance Reporting in TOKYO - Asian stock markets fell sharply in early trading on worries about Europe's debt problems. Sentiment worsened after Wall Street fell hard enough last weekend.
Japan's Nikkei 225 index fell 2.1 percent to 8550.45, or at their lowest point in the last six months. It is quoted from the AP on Monday (09/12/2011).
Hong Kong's Hang Seng index fell three percent to 19264.68. In Australia, the S & P / ASX 200 lost nearly three percent to 4069.8. In addition, benchmarks in New Zealand and Singapore also retreated.
Currency markets the dollar traded at 77.49 yen, while the euro appreciated USD1, 35 946. Meanwhile, financial markets in South Korea, China, and Taiwan was closed Monday for national holidays. (GoFinance)
Monday, September 12, 2011
::Gold Prices Down Again to USD1.852, 95>>
Go Finance Reporting in SINGAPORE - Gold prices fell again in trading Monday (09/12/2011) at the level of USD1.852, 95 per ounce.
However, this condition can still attract the attention of buyers in the previous session after experiencing the worst trade since last June as a result of the strengthening dollar against the euro and the growing doubts about the ability of Europeans to resolve the debt crisis.
In trading this morning, gold fell $ 4, 21 to USD1.852, 95 per ounce. This price is far below the highest price at last week's trading, which is USD1.920 per ounce.
U.S. Gold GCcv1 fell $ 3, 3 to USD1.856, 2 per ounce. It is quoted by Reuters on Monday (09/12/2011).
Senior officials of World Gold Council (WGC) said demand for gold, which fell in the second quarter of this year, is expected to strengthen in late 2011. This was driven by strong buying jewelry in India and China, as well as the recovery in investment demand. Meanwhile, oil prices down approximately $ 1 this morning as a result of the strengthening dollar. (GoFinance)
However, this condition can still attract the attention of buyers in the previous session after experiencing the worst trade since last June as a result of the strengthening dollar against the euro and the growing doubts about the ability of Europeans to resolve the debt crisis.
In trading this morning, gold fell $ 4, 21 to USD1.852, 95 per ounce. This price is far below the highest price at last week's trading, which is USD1.920 per ounce.
U.S. Gold GCcv1 fell $ 3, 3 to USD1.856, 2 per ounce. It is quoted by Reuters on Monday (09/12/2011).
Senior officials of World Gold Council (WGC) said demand for gold, which fell in the second quarter of this year, is expected to strengthen in late 2011. This was driven by strong buying jewelry in India and China, as well as the recovery in investment demand. Meanwhile, oil prices down approximately $ 1 this morning as a result of the strengthening dollar. (GoFinance)
::Oil Prices Down Again to USD86/Barel>>
Go Finance Reporting in SINGAPORE - Oil prices fell and at the level of USD86 per barrel Monday in Asia as investor fears about the debt crisis in Europe that undermine confidence in equities and commodities.
As quoted by the Associated Press on Monday (09/12/2011), the benchmark oil for October delivery fell $ 1, 64 to USD85, 60 at noon Singapore time in electronic trading on the New York Mercantile Exchange.
In London, Brent crude for October delivery fell 96 cents to USD111, 81 on the ICE Futures exchange.
As for today, the cash-strapped condition of Greece and the Greek government on Sunday said it would put on property taxes in an effort to meet fiscal targets to maintain an international bailout.
Debt crisis has helped strengthen the U.S. dollar (U.S.) against the euro. A stronger dollar makes commodities like oil more expensive for investors compared to other currencies.
The euro fell to $ 1, 3521 on Mondays than $ 1, 3651 at the end of Friday. Stock market, oil traders seen as a barometer of overall investor sentiment, fell in Asia on Monday.
In other Nymex trading for the contract in October, heating oil fell 2.4 cents to $ 2, 96 per gallon and gasoline futures fell 4.3 cents to $ 2, 73 per gallon. Natural gas for October delivery fell 3.0 cents to $ 3, 89 per 1,000 cubic feet. (GoFinance)
As quoted by the Associated Press on Monday (09/12/2011), the benchmark oil for October delivery fell $ 1, 64 to USD85, 60 at noon Singapore time in electronic trading on the New York Mercantile Exchange.
In London, Brent crude for October delivery fell 96 cents to USD111, 81 on the ICE Futures exchange.
As for today, the cash-strapped condition of Greece and the Greek government on Sunday said it would put on property taxes in an effort to meet fiscal targets to maintain an international bailout.
Debt crisis has helped strengthen the U.S. dollar (U.S.) against the euro. A stronger dollar makes commodities like oil more expensive for investors compared to other currencies.
The euro fell to $ 1, 3521 on Mondays than $ 1, 3651 at the end of Friday. Stock market, oil traders seen as a barometer of overall investor sentiment, fell in Asia on Monday.
In other Nymex trading for the contract in October, heating oil fell 2.4 cents to $ 2, 96 per gallon and gasoline futures fell 4.3 cents to $ 2, 73 per gallon. Natural gas for October delivery fell 3.0 cents to $ 3, 89 per 1,000 cubic feet. (GoFinance)
::Rupiah Down Following IHSG>>
Go Finance Reporting in JAKARTA - Negative Composite Stock Price Index (IHSG) and the stock exchange in Asia to negative sentiment for the appreciation of the rupiah. Rupiah weakens on the level recorded Rp8.603 per USD.
Middle exchange rate of Bank Indonesia (BI) on Monday (09/12/2011), recorded at the level Rp8.603 rupiah per USD, down one point compared to the previous trading period that is Rp8.571 per USD. According yahoofinance, the rupiah traded at Rp8.632 per USD with a daily trading range Rp8.570-8.640 per USD.
On the other hand, the euro also appears to weaken against the U.S. dollar (U.S.) to $ 1, 36 per USD with an average daily trading EUR1 0.34 to 1, 36 per EUR, as well as a weaker pound to USD1, 50 per pound with a flat The average daily trading transactions $ 1 0.57 to 1, 58 per GBP.
As is known, IHSG at the close of trading today, recorded dived 102.38 points, or 2.56 percent, to 3896.12. LQ45 shares fell 21.07 points, or three percent to a level of 684.18, while the Jakarta Islamic Index (JII) fell 13.84 points, 2.5 percent, to 538.74.
On the other hand, Asian stocks also dropped sharply, noted the Nikkei 225 fell 201.99 points, or 2.31 percent, to 8535.67, the Straits Times Index fell 71.41 points, or 2.53 percent to as low as 2753.69, while the Hang Seng fell sharply 836.09 points, or 4.21 percent, to 19030.54.
Stocks in Europe Major European Exchange also isolated to a ravine where London's FTSE-down 2:35 percent, Frankfurt's Dax-4.04 percent, and the Paris CAC-3.6 percent. This encouraged the fall of the financial sector particularly stocks of Goldman Sachs cuts price target of major European banks. (GoFinance)
Middle exchange rate of Bank Indonesia (BI) on Monday (09/12/2011), recorded at the level Rp8.603 rupiah per USD, down one point compared to the previous trading period that is Rp8.571 per USD. According yahoofinance, the rupiah traded at Rp8.632 per USD with a daily trading range Rp8.570-8.640 per USD.
On the other hand, the euro also appears to weaken against the U.S. dollar (U.S.) to $ 1, 36 per USD with an average daily trading EUR1 0.34 to 1, 36 per EUR, as well as a weaker pound to USD1, 50 per pound with a flat The average daily trading transactions $ 1 0.57 to 1, 58 per GBP.
As is known, IHSG at the close of trading today, recorded dived 102.38 points, or 2.56 percent, to 3896.12. LQ45 shares fell 21.07 points, or three percent to a level of 684.18, while the Jakarta Islamic Index (JII) fell 13.84 points, 2.5 percent, to 538.74.
On the other hand, Asian stocks also dropped sharply, noted the Nikkei 225 fell 201.99 points, or 2.31 percent, to 8535.67, the Straits Times Index fell 71.41 points, or 2.53 percent to as low as 2753.69, while the Hang Seng fell sharply 836.09 points, or 4.21 percent, to 19030.54.
Stocks in Europe Major European Exchange also isolated to a ravine where London's FTSE-down 2:35 percent, Frankfurt's Dax-4.04 percent, and the Paris CAC-3.6 percent. This encouraged the fall of the financial sector particularly stocks of Goldman Sachs cuts price target of major European banks. (GoFinance)
Friday, July 8, 2011
::IHSG Up 4000 Powered Fundamental Right>>
Go Finance Reporting in JAKARTA - The breakdown of Composite Stock Price Index (IHSG) to reach the 4000 level is believed to be backed by good fundamentals. Market participants also welcomed it.
"Be careful that's for sure I will ask all the supervisors and inspectors in the capital markets to see the portfolio. See who sub-sectors or sectors that may be price to earnings or price to book was already a bit too high, to believe that it's all backed up by a fundamental right, "said Finance Minister Agus Martowardojo told reporters when met at the Parliament Building, Senayan, Jakarta, Friday (07/08/2011).
Agus added that the goal itself says that right because he is oriented to protect consumers and the economy of Indonesia. "The orientation is to protect consumers, protect the Indonesian economy," he said.
He was reluctant to comment on the rise that can be said IHSG rapid growth. He said he only wanted to maintain the quality of the IHSG.
"I do not want to comment quickly, I want to keep the quality. It must be quality. I'll say it again. Speech seems to me that there direction (overheating), but not so. It should be precautionary," he said.
As is known, IHSG, Friday (07/08/2011) evening closed soared up to 64.22 points, or 1.6 percent, to 4003.69. LQ45 index 14.39 points, too, sped to 710.90 and the Jakarta Islamic Index (JII) rose 9.68 points to 552.52.
The rise of day trading is characterized by the volume of trade that touched 5.368 billion shares worth Rp 5, 862 trillion. A total of 144 stocks advanced, 77 stocks fell, and 112 stocks unchanged prices. Foreign investors are confident take action to buy with net buying of up to Rp611, 127 billion. (GoFinance)
"Be careful that's for sure I will ask all the supervisors and inspectors in the capital markets to see the portfolio. See who sub-sectors or sectors that may be price to earnings or price to book was already a bit too high, to believe that it's all backed up by a fundamental right, "said Finance Minister Agus Martowardojo told reporters when met at the Parliament Building, Senayan, Jakarta, Friday (07/08/2011).
Agus added that the goal itself says that right because he is oriented to protect consumers and the economy of Indonesia. "The orientation is to protect consumers, protect the Indonesian economy," he said.
He was reluctant to comment on the rise that can be said IHSG rapid growth. He said he only wanted to maintain the quality of the IHSG.
"I do not want to comment quickly, I want to keep the quality. It must be quality. I'll say it again. Speech seems to me that there direction (overheating), but not so. It should be precautionary," he said.
As is known, IHSG, Friday (07/08/2011) evening closed soared up to 64.22 points, or 1.6 percent, to 4003.69. LQ45 index 14.39 points, too, sped to 710.90 and the Jakarta Islamic Index (JII) rose 9.68 points to 552.52.
The rise of day trading is characterized by the volume of trade that touched 5.368 billion shares worth Rp 5, 862 trillion. A total of 144 stocks advanced, 77 stocks fell, and 112 stocks unchanged prices. Foreign investors are confident take action to buy with net buying of up to Rp611, 127 billion. (GoFinance)
Wednesday, July 6, 2011
::After Gains, Dow Jones Corrected 12 Pts>>
Go Finance Reporting in NEW YORK - After the rose last week, U.S. stock index (the U.S.) seem lifeless. Nevertheless, the lack of value of transactions indicates the market is still volatile. The Nasdaq managed to close higher, while the Dow Jones and S & P 500 ended down after five days earlier recorded a best position for the last two years.
S & P rose 5.6 percent last week, rebounding from a weakening trend over the last two months. But concerns about economic growth and the potential to harm the U.S. debt in the coming days.
"It is not surprising if the market weakened today. The reason we have passed a sunny week," said Baring Asset Management chief investment Hayes Miller was quoted as saying by Reuters on Wednesday (07/06/2011).
In another prospective, Moody's Investors Service lowered the credit rating Portugal into "junk territory" due to the risk to be borne by the country making it need bailouts before it can return to the capital markets. It makes the debt is still alarming despite eurozone has no resolution for Greece's fiscal crisis.
After the holiday commemorating Independence Day, in late trading Tuesday (07/05/2011) local time, the Dow Jones Industrial Average fell 12.90 points, or 0.10 percent, to 12569.87. Standard & Poor's 500 index fell 1.79 points, or 0.13 percent, to 1337.88. And the Nasdaq Composite Index rose 9.74 points, or 0.35 percent to 2825.77.
Recorded relatively low trading volumes, just as much as 6.04 billion shares traded on the New York Stock Exchange, American Stock Exchange and Nasdaq, below the daily average last year that as many as 8.47 billion shares. (GoFinance)
S & P rose 5.6 percent last week, rebounding from a weakening trend over the last two months. But concerns about economic growth and the potential to harm the U.S. debt in the coming days.
"It is not surprising if the market weakened today. The reason we have passed a sunny week," said Baring Asset Management chief investment Hayes Miller was quoted as saying by Reuters on Wednesday (07/06/2011).
In another prospective, Moody's Investors Service lowered the credit rating Portugal into "junk territory" due to the risk to be borne by the country making it need bailouts before it can return to the capital markets. It makes the debt is still alarming despite eurozone has no resolution for Greece's fiscal crisis.
After the holiday commemorating Independence Day, in late trading Tuesday (07/05/2011) local time, the Dow Jones Industrial Average fell 12.90 points, or 0.10 percent, to 12569.87. Standard & Poor's 500 index fell 1.79 points, or 0.13 percent, to 1337.88. And the Nasdaq Composite Index rose 9.74 points, or 0.35 percent to 2825.77.
Recorded relatively low trading volumes, just as much as 6.04 billion shares traded on the New York Stock Exchange, American Stock Exchange and Nasdaq, below the daily average last year that as many as 8.47 billion shares. (GoFinance)
::Profit Taking Action Trigger weakening IHSG>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) closing stock trading this afternoon carrying more subsidence. Profit taking and trimming rating Portugal suspected as the main trigger.
In addition, external factors such as regional exchanges that move mixed assist IHSG movement. Where IHSG was recorded not too weak inside.
IHSG Wednesday (07/06/2011) afternoon tracked down 15.17 points, or 0.39 percent to 3908.96 position. While the LQ45 index fell 4.31 points to 692.59. And the Jakarta Islamic Index (JII) fell 2.28 points to 539.65.
The value of the transaction until this afternoon recorded Rp3, 20 trillion, with a volume of 3.55 billion shares. As many as 99 stocks advanced, 130 stocks fell, and 88 shares stagnant.
The weakening of the regional exchanges inevitably dragged shares in the domestic sector follow-up eroded or weakened. Where the shares in the plantation sector continued to weaken.
Therefore the stocks that rose in between PT Multi Bredeer Adirama Indonesia Tbk (Mbai) rose Rp1.000 to Rp30.000, PT Mayora Indah Tbk (MYOE) rose Rp800, and PT Japfa Comefeed Tbk (JPFA) rose Rp400 to Rp5 .050.
While stocks fell, among others, PT Astra International Tbk (ASII) down Rp1.200 to Rp65.100, PT Gudang Garam Tbk (GGRM) down Rp800 to Rp40.050, and PT Indo Tambangraya Tbk (ITMG) down Rp350 to Rp44.600. (GoFinance)
In addition, external factors such as regional exchanges that move mixed assist IHSG movement. Where IHSG was recorded not too weak inside.
IHSG Wednesday (07/06/2011) afternoon tracked down 15.17 points, or 0.39 percent to 3908.96 position. While the LQ45 index fell 4.31 points to 692.59. And the Jakarta Islamic Index (JII) fell 2.28 points to 539.65.
The value of the transaction until this afternoon recorded Rp3, 20 trillion, with a volume of 3.55 billion shares. As many as 99 stocks advanced, 130 stocks fell, and 88 shares stagnant.
The weakening of the regional exchanges inevitably dragged shares in the domestic sector follow-up eroded or weakened. Where the shares in the plantation sector continued to weaken.
Therefore the stocks that rose in between PT Multi Bredeer Adirama Indonesia Tbk (Mbai) rose Rp1.000 to Rp30.000, PT Mayora Indah Tbk (MYOE) rose Rp800, and PT Japfa Comefeed Tbk (JPFA) rose Rp400 to Rp5 .050.
While stocks fell, among others, PT Astra International Tbk (ASII) down Rp1.200 to Rp65.100, PT Gudang Garam Tbk (GGRM) down Rp800 to Rp40.050, and PT Indo Tambangraya Tbk (ITMG) down Rp350 to Rp44.600. (GoFinance)
::Rupiah Still Strong! >>
Go Finance Reporting in JAKARTA - The rupiah is still strong despite the condition of Composite Stock Price Index (IHSG) looked shadowed by profit taking.
Rupiah, in late trading Wednesday (07/06/2011) moves to strengthen to Rp8.532 per USD from a position on the previous trading at Rp8.540 per USD.
According yahoofinance, rupiah at Rp8.542 per USD with a trading range in Rp8.517-Rp8.542 per USD. On the other hand, the dollar actually rose over other currencies. So the euro weakened to $ 1, 4367 per euro, and pound also fell to $ 1, 6026 per pound.
In the U.S. alone, orders to factories in the United States recorded an increase of 0.8 percent mom, an indication of improvement in the manufacturing sector from the economic slowdown in the first half of 2011.
The increase is lower than in April a record 0.9 percent mom. Increasing demand has also been signaling a recovery in the manufacturing sector in Japan's earthquake and tsunami disaster last March.
At the same time U.S. exports also increased, rising commodity prices and restrained. This condition supports the Fed's statement last month that the economic downturn is only temporary. (GoFinance)
Rupiah, in late trading Wednesday (07/06/2011) moves to strengthen to Rp8.532 per USD from a position on the previous trading at Rp8.540 per USD.
According yahoofinance, rupiah at Rp8.542 per USD with a trading range in Rp8.517-Rp8.542 per USD. On the other hand, the dollar actually rose over other currencies. So the euro weakened to $ 1, 4367 per euro, and pound also fell to $ 1, 6026 per pound.
In the U.S. alone, orders to factories in the United States recorded an increase of 0.8 percent mom, an indication of improvement in the manufacturing sector from the economic slowdown in the first half of 2011.
The increase is lower than in April a record 0.9 percent mom. Increasing demand has also been signaling a recovery in the manufacturing sector in Japan's earthquake and tsunami disaster last March.
At the same time U.S. exports also increased, rising commodity prices and restrained. This condition supports the Fed's statement last month that the economic downturn is only temporary. (GoFinance)
Tuesday, July 5, 2011
::Strengthening U.S. Dollar Price of Gold Black Forced to USD94/Barrel>>
Go Finance Reporting in SINGAPORE - Oil prices in Asia remained at the level of USD94 per barrel as a result of the strengthening dollar makes crude oil prices look more expensive for investors using other currencies.
As quoted by the Associated Press (AP), Tuesday (07/05/2011), the price of black gold for August delivery rose two cents to USD94, 96 per barrel in electronic trading on the New York Mercantile Exchange (Nymex). Meanwhile, London Brent crude for August delivery fell 21 cents to USD111, 56 per barrel on the ICE Futures Exchange.
The exchange rate of euro against the U.S. dollar fell to as low as $ 1, 4479 per euro from the previous $ 1, 4541 per euro.
Last week, crude oil fell almost close to USD90 a barrel after the International Energy Agency released a number of strategic reserves of 60 million barrels of oil on 24 June.
But oil prices rebounded to move before the announcement of the International Energy Agency (International Energy Agency / IEA) due to weakening against the euro after the Greek parliament approved austerity measures, to avoid debt default.
"In order to see significant weakness down there (approximately USD88), we will probably need to see the rally in the dollar," due diligence.
In other Nymex trading in contracts in August, heating oil fell 0.9 cents to $ 2, 92 per gallon, while gasoline fell 1.3 cents at $ 2, 96 per gallon. Natural gas futures rose 1.2 cents to $ 4, 32 per 1,000 cubic feet. (GoFinance)
As quoted by the Associated Press (AP), Tuesday (07/05/2011), the price of black gold for August delivery rose two cents to USD94, 96 per barrel in electronic trading on the New York Mercantile Exchange (Nymex). Meanwhile, London Brent crude for August delivery fell 21 cents to USD111, 56 per barrel on the ICE Futures Exchange.
The exchange rate of euro against the U.S. dollar fell to as low as $ 1, 4479 per euro from the previous $ 1, 4541 per euro.
Last week, crude oil fell almost close to USD90 a barrel after the International Energy Agency released a number of strategic reserves of 60 million barrels of oil on 24 June.
But oil prices rebounded to move before the announcement of the International Energy Agency (International Energy Agency / IEA) due to weakening against the euro after the Greek parliament approved austerity measures, to avoid debt default.
"In order to see significant weakness down there (approximately USD88), we will probably need to see the rally in the dollar," due diligence.
In other Nymex trading in contracts in August, heating oil fell 0.9 cents to $ 2, 92 per gallon, while gasoline fell 1.3 cents at $ 2, 96 per gallon. Natural gas futures rose 1.2 cents to $ 4, 32 per 1,000 cubic feet. (GoFinance)
::Gold Prices Stable in USD1.496/Ounce>>
Go Finance Reporting in SINGAPORE - The price of gold was observed stable after ratings agency Standard & Poors warned of uncertainty over the rescue efforts that will be Greek to French bank debt rollover, and this could potentially lead to default.
However, it is actually a positive sentiment for gold movements did not succeed hoist up the price of this safe-haven commodities.
As quoted by Reuters on Tuesday (07/05/2011), price of gold in the spot market rose 0.09 percent to USD1.496, 84 per ounce. U.S. gold GCcv1 rose one percent to USD1.497, 60.
On the other hand, the euro almost scored its highest level against the dollar this month. Condition of Greece raises hopes the European Central Bank will raise interest rates on Thursday next.
The dollar index rose slightly on Tuesday, but there are still between lowest in the past month. Crude oil price of U.S. futures edged up on Tuesday to stay above USD95 per barrel ahead of U.S. data demand that the size of the plant world economic power and oil consumption. (GoFinance)
However, it is actually a positive sentiment for gold movements did not succeed hoist up the price of this safe-haven commodities.
As quoted by Reuters on Tuesday (07/05/2011), price of gold in the spot market rose 0.09 percent to USD1.496, 84 per ounce. U.S. gold GCcv1 rose one percent to USD1.497, 60.
On the other hand, the euro almost scored its highest level against the dollar this month. Condition of Greece raises hopes the European Central Bank will raise interest rates on Thursday next.
The dollar index rose slightly on Tuesday, but there are still between lowest in the past month. Crude oil price of U.S. futures edged up on Tuesday to stay above USD95 per barrel ahead of U.S. data demand that the size of the plant world economic power and oil consumption. (GoFinance)
:: Greece Can As East Germany>>
Go Finance Reporting in ATHENA - International rating agency Standard & Poor's (S & P) warned that the involvement of European private banks in the takeover of Greece's debt could increase the risk of failure.
S & P even said that if the Greeks accepted the French proposal to voluntarily change the way the Greek earned funds by involving private sector, will make Greece's debt rating under the agency's criteria. French banks, which holds the Greek foreign debt, previously wanted to Greece to extend the maturity of the bonds.
This proposal is supported by the German debt holders Greece's second largest. "If it is followed, is tantamount to failure to make Greece even more selective," said S & P. In another part, Chairman of European Finance Ministers Jean-Calude Juncker said that if the Greeks still request an additional bailout of the European Union and the IMF, in the future they will lose their sovereignty and many people lost their jobs. These consequences must be accepted Greek as an effort to avoid default on debt. The same thing never experienced the era of East Germany in the 1990s.
It was privatized state-owned enterprises reached only 14 thousand companies in the period 1990-1994. Greece has a problem on the low competitiveness as well as East Germany before joining West Germany. Before it merged with West Germany, East German communist minded listed as one of the countries in Europe with the highest unemployment rate. "The sovereignty of Greece became a limited instantaneous. The consequences would be unpleasant," said Juncker. Juncker's comments sparked criticism from U.S. President Spyros Papaspyros Adedy Working Greece.
Adedy call, Juncker has been disturbing the country's internal affairs and provoking the European rules. Saturday, July 2 last, the Minister of Finance approved the Euro Zone Greece 12 billion euro loan to prevent default. The approval came after the Greek parliament approved the austerity measures amounting to 28 billion euros ($ 40 billion) and promises to bring revenue worth 50 billion euros in 2015. The International Monetary Fund (IMF) and the European Union as well as the new Greek government will meet on July 8 to finalize a bailout is to be submitted disbursement on 15 July.
12 billion euro bailout agreed to yesterday is a continuation of the scheme's first fund worth 110 billion dollars to be disbursed in March a new 53 billion euros. However, a number of people declared, Greece still need a second bailout worth 110 billion, though still debated. EFG Eurobank economist Platon Monokroussos said Greece should accelerate fiscal adjustment and structural reform. It was necessary to balance expenditures and revenues are crippled because of loss of competitiveness.
The socialist government that regulates social welfare in Greece has not yet started selling assets and tax reform to meet the target. The new plan will be discussed this weekend. The Greek government aims to sell assets including its own properties is expected to reach 300 billion euros, although faced with a number of legal problems. Greek businessmen pessimistic target asset sales could be a success. This is due to the government-owned shares in state enterprises are low because of the recession.
"Targeting the 50 billion euro in 2015 could not be reached," said Commerce Chairman Constantinos Mihalos Athens. Meanwhile, Greek Finance Minister Evangelos Venizelos yesterday said that after the bailout approved, the Greek government is targeting economic improvement in order not to fall deeper. The initiative will be discussed in a few days or weeks ahead.
"The target we could restore the economy out of crisis and provide benefits to citizens, especially those who do not have jobs and low-income groups," he said. (GoFinance)
S & P even said that if the Greeks accepted the French proposal to voluntarily change the way the Greek earned funds by involving private sector, will make Greece's debt rating under the agency's criteria. French banks, which holds the Greek foreign debt, previously wanted to Greece to extend the maturity of the bonds.
This proposal is supported by the German debt holders Greece's second largest. "If it is followed, is tantamount to failure to make Greece even more selective," said S & P. In another part, Chairman of European Finance Ministers Jean-Calude Juncker said that if the Greeks still request an additional bailout of the European Union and the IMF, in the future they will lose their sovereignty and many people lost their jobs. These consequences must be accepted Greek as an effort to avoid default on debt. The same thing never experienced the era of East Germany in the 1990s.
It was privatized state-owned enterprises reached only 14 thousand companies in the period 1990-1994. Greece has a problem on the low competitiveness as well as East Germany before joining West Germany. Before it merged with West Germany, East German communist minded listed as one of the countries in Europe with the highest unemployment rate. "The sovereignty of Greece became a limited instantaneous. The consequences would be unpleasant," said Juncker. Juncker's comments sparked criticism from U.S. President Spyros Papaspyros Adedy Working Greece.
Adedy call, Juncker has been disturbing the country's internal affairs and provoking the European rules. Saturday, July 2 last, the Minister of Finance approved the Euro Zone Greece 12 billion euro loan to prevent default. The approval came after the Greek parliament approved the austerity measures amounting to 28 billion euros ($ 40 billion) and promises to bring revenue worth 50 billion euros in 2015. The International Monetary Fund (IMF) and the European Union as well as the new Greek government will meet on July 8 to finalize a bailout is to be submitted disbursement on 15 July.
12 billion euro bailout agreed to yesterday is a continuation of the scheme's first fund worth 110 billion dollars to be disbursed in March a new 53 billion euros. However, a number of people declared, Greece still need a second bailout worth 110 billion, though still debated. EFG Eurobank economist Platon Monokroussos said Greece should accelerate fiscal adjustment and structural reform. It was necessary to balance expenditures and revenues are crippled because of loss of competitiveness.
The socialist government that regulates social welfare in Greece has not yet started selling assets and tax reform to meet the target. The new plan will be discussed this weekend. The Greek government aims to sell assets including its own properties is expected to reach 300 billion euros, although faced with a number of legal problems. Greek businessmen pessimistic target asset sales could be a success. This is due to the government-owned shares in state enterprises are low because of the recession.
"Targeting the 50 billion euro in 2015 could not be reached," said Commerce Chairman Constantinos Mihalos Athens. Meanwhile, Greek Finance Minister Evangelos Venizelos yesterday said that after the bailout approved, the Greek government is targeting economic improvement in order not to fall deeper. The initiative will be discussed in a few days or weeks ahead.
"The target we could restore the economy out of crisis and provide benefits to citizens, especially those who do not have jobs and low-income groups," he said. (GoFinance)
::Rupiah Strengthens to Rp8.540/USD>>
Go Finance Reporting in JAKARTA - The sentiment of the bailout both to the Greeks of 120 billion euro currency affect other countries in Asia including Indonesia.
Rupiah, according to the middle exchange rate of Bank Indonesia (BI) on Tuesday (07/05/2011) strengthened to a level of Rp8.540 per USD compared to the previous trading period Rp8.522 per USD.
According yahoofinance, the rupiah is a little different at the level of Rp8.532 per USD with a daily trading range in Rp8.517-Rp8.537 per USD. Meanwhile, for other currencies like the euro was at $ 1, 4475 per euro, the pound was in the level of $ 1, 6122.
It is caused by the approval of the loan to Greece of 120 billion euros. So the Asia market will still be expected to positively include the rupiah. (GoFinance)
Rupiah, according to the middle exchange rate of Bank Indonesia (BI) on Tuesday (07/05/2011) strengthened to a level of Rp8.540 per USD compared to the previous trading period Rp8.522 per USD.
According yahoofinance, the rupiah is a little different at the level of Rp8.532 per USD with a daily trading range in Rp8.517-Rp8.537 per USD. Meanwhile, for other currencies like the euro was at $ 1, 4475 per euro, the pound was in the level of $ 1, 6122.
It is caused by the approval of the loan to Greece of 120 billion euros. So the Asia market will still be expected to positively include the rupiah. (GoFinance)
::IHSG Weakens, Because Stock Regional>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) this afternoon had to settle for parking in a red line. After the close of trading on the first session was monitored subsidence.
IHSG Tuesday (07/05/2011) evening fell 29.39 points, or 0.74 percent to a position equivalent to 3924.13. While the LQ45 index fell 7.34 points to 696.9 positions, as well as the Jakarta Islamic Index (JII) fell 6.55 points to 541.93.
Attenuation is supported due to regional exchanges such as the Hang Seng index fell 22.52 points ambles, Straits Times Index fell 19.6 points to 3133.84. However, only the Nikkei 225 index rose by 7.37 points.
This condition is also inevitably create internal sectors participated in the red lane. Almost all sectors recorded the red, led from the mining sector. Only the trade sector are strengthened thin.
The value of this transaction recorded in the afternoon Rp3, 32 trillion by volume as much as 3.75 billion shares. Where the 94 stocks tracked higher, stocks fell 122, and 122 shares stagnant.
Therefore, stocks that gained include PT Multi Breeder Adirama Indonesia Tbk (Mbai) rose Rp1.000 to Rp29.000, PT Goodyear Indonesia Tbk (GDYR) rose Rp450 to Rp10.950, and PT Hexindo Adiperkasa Tbk (hexa ) rose Rp450 to Rp7.700.
While the stocks that fell in between, PT Astra International Tbk (ASII) down Rp2.200 to Rp66.300, PT Bukit Asam Tbk (PTBA) down 400 to Rp20.950, and PT Bank Rakyat Indonesia Tbk (BBRI) down 200 to Rp6.700. (GoFinance)
IHSG Tuesday (07/05/2011) evening fell 29.39 points, or 0.74 percent to a position equivalent to 3924.13. While the LQ45 index fell 7.34 points to 696.9 positions, as well as the Jakarta Islamic Index (JII) fell 6.55 points to 541.93.
Attenuation is supported due to regional exchanges such as the Hang Seng index fell 22.52 points ambles, Straits Times Index fell 19.6 points to 3133.84. However, only the Nikkei 225 index rose by 7.37 points.
This condition is also inevitably create internal sectors participated in the red lane. Almost all sectors recorded the red, led from the mining sector. Only the trade sector are strengthened thin.
The value of this transaction recorded in the afternoon Rp3, 32 trillion by volume as much as 3.75 billion shares. Where the 94 stocks tracked higher, stocks fell 122, and 122 shares stagnant.
Therefore, stocks that gained include PT Multi Breeder Adirama Indonesia Tbk (Mbai) rose Rp1.000 to Rp29.000, PT Goodyear Indonesia Tbk (GDYR) rose Rp450 to Rp10.950, and PT Hexindo Adiperkasa Tbk (hexa ) rose Rp450 to Rp7.700.
While the stocks that fell in between, PT Astra International Tbk (ASII) down Rp2.200 to Rp66.300, PT Bukit Asam Tbk (PTBA) down 400 to Rp20.950, and PT Bank Rakyat Indonesia Tbk (BBRI) down 200 to Rp6.700. (GoFinance)
Monday, July 4, 2011
::European Union Provides funds much as 12 Billion Euros To Greece >>
Go Finance Reporting in BRUSSELS - European zone finance ministers agreed to disburse a loan of 12 billion euros to Greece.
After a conference call some time ago, 17 ministers in the euro zone agreed that the funds of 110 billion euro bailout approved for Greece on 10 May last year will be paid on 15 July, is expected to board the International Monetary Fund (IMF) could be agreed on 8 July .
The payment will allow Greece to avoid the threat of an increasingly severe crises. Greeks today still requires a second rescue fund of a total 110 billion euros and which will now allow only be completed in September.
"It has been decided by the European zone melting can be carried out before mid-September," said Greek Finance Minister Evangelos Venizelos, as quoted by Reuters on Monday (07/04/2011).
As is known, a loan of 12 billion euros will help Athens to redeem the debentures (bonds) amounted to 5.9 billion euros in August. but the government still has a lot of other debt.
Greece has repeatedly failed to meet budget targets set, so it increases the risk that the crisis will continue to spread throughout the Euro zone if it has not been resolved.
The second program will help with the cost Greek conducted from 2011-2014. Greece will also raise about 30 billion euros from privatization, while the EU and the IMF will provide approximately 50 billion euros. (GoFinance)
After a conference call some time ago, 17 ministers in the euro zone agreed that the funds of 110 billion euro bailout approved for Greece on 10 May last year will be paid on 15 July, is expected to board the International Monetary Fund (IMF) could be agreed on 8 July .
The payment will allow Greece to avoid the threat of an increasingly severe crises. Greeks today still requires a second rescue fund of a total 110 billion euros and which will now allow only be completed in September.
"It has been decided by the European zone melting can be carried out before mid-September," said Greek Finance Minister Evangelos Venizelos, as quoted by Reuters on Monday (07/04/2011).
As is known, a loan of 12 billion euros will help Athens to redeem the debentures (bonds) amounted to 5.9 billion euros in August. but the government still has a lot of other debt.
Greece has repeatedly failed to meet budget targets set, so it increases the risk that the crisis will continue to spread throughout the Euro zone if it has not been resolved.
The second program will help with the cost Greek conducted from 2011-2014. Greece will also raise about 30 billion euros from privatization, while the EU and the IMF will provide approximately 50 billion euros. (GoFinance)
::Confidence growing, IHSG Parking in 3953>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) continued to carve out a new record level through 3950. Passion investors on the stock exchange continues to boost the stock indexes today.
IHSG, Monday (07/04/2011) afternoon closed up 26.42 points, or 0.7 percent, to 3953.52. LQ45 index rose 5.38 points to 704.24 and the Jakarta Islamic Index (JII) rose 7.56 points to 548.48.
Trading volume today as much as 4.702 billion shares worth Rp 4, 374 trillion. As many as 112 stocks advanced, 110 stocks fell, and 97 stocks unchanged prices. Foreign investors more confident doing the action purchased with the net buying rates for Rp430, 103 billion.
The manufacturing sector is now leading the reinforcement with rose 12.99 points, followed by the mining sector which rose 8.7 points.
Asian stocks more solidly in the green belt. Hang Seng Index soared 372.37 points, or 1.66 percent, to 22,770.47, the Nikkei 225 rose 97.02 points, or 0.98 per cent and Straits Times index rose 6.53 points, or 0.24 percent, to 3146.69.
Meanwhile, European bourses moved even though it is still dominated strengthening mixed in early trading today in response to the bailout of Greece. CAC 40 rose 0.71 points, or 0.02 percent, to 4008.06, the DAX rose 13.11 points, or 0.18 percent to 7432.29 and the FTSE 100 index rose 11.11 points, or 0.19 percent, to 6000.84.
Stocks are moving higher (top gainers) including PT Astra International Tbk (ASII) rose Rp2.950 to Rp68.500, PT Indomobil Sukses Makmur Tbk (IMAS) rose Rp1.600 to Rp9.650 and PT United Tractors Tbk (UNTR ) rose 500 to 25,000.
While stocks are moving down (top lossers) including PT Gudang Garam Tbk (GGRM) down Rp1.200 to Rp48.800, Multibreeder Adirama PT Tbk (Mbai) down Rp750 to Rp28.000 and PT HM Sampoerna Tbk (HMSP) down 300 to Rp28.700. (GoFinance)
IHSG, Monday (07/04/2011) afternoon closed up 26.42 points, or 0.7 percent, to 3953.52. LQ45 index rose 5.38 points to 704.24 and the Jakarta Islamic Index (JII) rose 7.56 points to 548.48.
Trading volume today as much as 4.702 billion shares worth Rp 4, 374 trillion. As many as 112 stocks advanced, 110 stocks fell, and 97 stocks unchanged prices. Foreign investors more confident doing the action purchased with the net buying rates for Rp430, 103 billion.
The manufacturing sector is now leading the reinforcement with rose 12.99 points, followed by the mining sector which rose 8.7 points.
Asian stocks more solidly in the green belt. Hang Seng Index soared 372.37 points, or 1.66 percent, to 22,770.47, the Nikkei 225 rose 97.02 points, or 0.98 per cent and Straits Times index rose 6.53 points, or 0.24 percent, to 3146.69.
Meanwhile, European bourses moved even though it is still dominated strengthening mixed in early trading today in response to the bailout of Greece. CAC 40 rose 0.71 points, or 0.02 percent, to 4008.06, the DAX rose 13.11 points, or 0.18 percent to 7432.29 and the FTSE 100 index rose 11.11 points, or 0.19 percent, to 6000.84.
Stocks are moving higher (top gainers) including PT Astra International Tbk (ASII) rose Rp2.950 to Rp68.500, PT Indomobil Sukses Makmur Tbk (IMAS) rose Rp1.600 to Rp9.650 and PT United Tractors Tbk (UNTR ) rose 500 to 25,000.
While stocks are moving down (top lossers) including PT Gudang Garam Tbk (GGRM) down Rp1.200 to Rp48.800, Multibreeder Adirama PT Tbk (Mbai) down Rp750 to Rp28.000 and PT HM Sampoerna Tbk (HMSP) down 300 to Rp28.700. (GoFinance)
::Rupiah Strengthens Because Weakening U.S. Dollar>>
Go Finance Reporting in JAKARTA - United States Dollars (U.S.) moves down and makes the value of other currencies to strengthen. Likewise with the rupiah is now getting closer to the level of Rp8.500's.
Rupiah, according to the middle exchange rate of Bank Indonesia (BI) on Monday (07/04/2011) rose to Rp8.522 per USD compared to the previous trading period Rp8.563 per USD.
According yahoofinance, the rupiah even exist at the level of Rp8.512, 5 per USD with a daily trading range in Rp8.507-Rp8.547 per USD. Also observed depressed dollar over other currencies. Against the euro, the dollar weakened to $ 1, 4526 per euro, the pound also rose to $ 1, 6122 per pound.
Some U.S. economic data that will be announced at this week is expected to record improvement according to Blomberg surveys. Estimated repair is the factory orders data, initial jobless claims, nonfarm payrolls, private payrolls, manufacturing payrolls and unemployment rate is expected to remain at 9.1 percent.
As for the ISM nonmanufacturing index is expected to fall. Previous ISM manufacturing index rose from 53.5 in May to 55.3 in June. The market responded positively to increased manufacturing index after nearly a month ago U.S. economic data showed weakness, plus the approval signal from the U.S. Republican Party to raise U.S. debt limit from the current position of $ 14, 3 trillion. (GoFinance)
Rupiah, according to the middle exchange rate of Bank Indonesia (BI) on Monday (07/04/2011) rose to Rp8.522 per USD compared to the previous trading period Rp8.563 per USD.
According yahoofinance, the rupiah even exist at the level of Rp8.512, 5 per USD with a daily trading range in Rp8.507-Rp8.547 per USD. Also observed depressed dollar over other currencies. Against the euro, the dollar weakened to $ 1, 4526 per euro, the pound also rose to $ 1, 6122 per pound.
Some U.S. economic data that will be announced at this week is expected to record improvement according to Blomberg surveys. Estimated repair is the factory orders data, initial jobless claims, nonfarm payrolls, private payrolls, manufacturing payrolls and unemployment rate is expected to remain at 9.1 percent.
As for the ISM nonmanufacturing index is expected to fall. Previous ISM manufacturing index rose from 53.5 in May to 55.3 in June. The market responded positively to increased manufacturing index after nearly a month ago U.S. economic data showed weakness, plus the approval signal from the U.S. Republican Party to raise U.S. debt limit from the current position of $ 14, 3 trillion. (GoFinance)
Monday, June 20, 2011
::Euro Weakens, Oil prices in Asia down to USD92/Barel>>
Go Finance Reporting in SINGAPORE - Oil prices in Asian markets crashing below USD93 per barrel level after Greece shocked the issue of financial crises that undermine investor confidence in the euro currency.
As quoted by the Associated Press (AP), Monday (06/20/2011), benchmark crude for July delivery this afternoon when Singapore fell 40 cents to USD92, 61 per barrel in electronic trading on the New York Mercantile Exchange (Nymex). When compared with last Friday's close, there is a decrease of $ 1, 94 a barrel or two percent at the level of USD93, 01.
Meanwhile, in London, Brent crude for August delivery fell 67 cents to USD112, 54 per barrel on the ICE Futures Exchange.
In addition to the Greek factor, a factor strengthening U.S. dollar also contributed to drag oil prices continue to decline from almost penetrate USD115 at the beginning of the month.
Meeting of eurozone finance ministers did not produce an agreement to provide additional emergency assistance for Greece which is necessary for the country to avoid bankruptcy in the next month.
The euro weakened to $ 1 Monitored, 4281 per euro in trading today from USD1, 4307 per euro at the close of the weekend.
"We think that the strengthening U.S. dollar will continue and bring the price of oil through $ 80 a barrel level," said energy consultant Schork Group.
According to him, if the euro weakened to below USD1, 4 per euro then the likelihood of oil prices will fall lower than USD88 per barrel.
In other Nymex trading in the contracts in July, heating oil fell 1.3 cents to $ 2, 97 per gallon, while gasoline fell 1.7 cents to $ 2, 93 per gallon. Natural gas futures fell 1.7 cents to $ 4, 31 per 1,000 cubic feet. (GoFinance)
As quoted by the Associated Press (AP), Monday (06/20/2011), benchmark crude for July delivery this afternoon when Singapore fell 40 cents to USD92, 61 per barrel in electronic trading on the New York Mercantile Exchange (Nymex). When compared with last Friday's close, there is a decrease of $ 1, 94 a barrel or two percent at the level of USD93, 01.
Meanwhile, in London, Brent crude for August delivery fell 67 cents to USD112, 54 per barrel on the ICE Futures Exchange.
In addition to the Greek factor, a factor strengthening U.S. dollar also contributed to drag oil prices continue to decline from almost penetrate USD115 at the beginning of the month.
Meeting of eurozone finance ministers did not produce an agreement to provide additional emergency assistance for Greece which is necessary for the country to avoid bankruptcy in the next month.
The euro weakened to $ 1 Monitored, 4281 per euro in trading today from USD1, 4307 per euro at the close of the weekend.
"We think that the strengthening U.S. dollar will continue and bring the price of oil through $ 80 a barrel level," said energy consultant Schork Group.
According to him, if the euro weakened to below USD1, 4 per euro then the likelihood of oil prices will fall lower than USD88 per barrel.
In other Nymex trading in the contracts in July, heating oil fell 1.3 cents to $ 2, 97 per gallon, while gasoline fell 1.7 cents to $ 2, 93 per gallon. Natural gas futures fell 1.7 cents to $ 4, 31 per 1,000 cubic feet. (GoFinance)
::Gold Prices Print record high points>>
Go Finance Reporting in SINGAPORE - The price of gold moves higher gains the highest price in one day in three weeks. This happens due to the falling U.S. dollar exchange rate and the progress of Greece's debt crisis.
As quoted by Reuters on Monday (06/20/2011), the price of gold rose $ 1, 40 to USD1.539, 80 per ounce. Earlier, on Friday last week, gold also rose to USD1.541. However, gold prices are still below the highest level at approximately USD1.575 in early May.
While silver prices stabilized at $ 36, 00 an ounce, below the record highs USD49, 51 per ounce in April.
Finance ministers postpone decision to extend the European zone further assistance of 120 billion euros, or $ 17 billion in emergency loans to Greece. Because the Greek government should first do the saving.
Greek parties say they need the loan to avoid default to pay the debt in mid-July. The ministers affirmed that the disbursement of the loan will depend on the law of the Greek parliament on the issue of fiscal reform and the sale of state assets.
In addition to formal loans, the new bailout will include the rollover will also voluntarily by private investors on their holdings in Greek government securities. But in a statement, it does not say how large the bailout. (GoFinance)
As quoted by Reuters on Monday (06/20/2011), the price of gold rose $ 1, 40 to USD1.539, 80 per ounce. Earlier, on Friday last week, gold also rose to USD1.541. However, gold prices are still below the highest level at approximately USD1.575 in early May.
While silver prices stabilized at $ 36, 00 an ounce, below the record highs USD49, 51 per ounce in April.
Finance ministers postpone decision to extend the European zone further assistance of 120 billion euros, or $ 17 billion in emergency loans to Greece. Because the Greek government should first do the saving.
Greek parties say they need the loan to avoid default to pay the debt in mid-July. The ministers affirmed that the disbursement of the loan will depend on the law of the Greek parliament on the issue of fiscal reform and the sale of state assets.
In addition to formal loans, the new bailout will include the rollover will also voluntarily by private investors on their holdings in Greek government securities. But in a statement, it does not say how large the bailout. (GoFinance)
::Japan's export sales drop 10.3%>>
Go Finance Reporting in TOKYO - Japan's export performance in May 2011 decreased 10.3 percent compared to same period previous year. Japan hit by massive losses, especially in the automotive sector following the earthquake and tsunami disaster.
As quoted from the Associate Press on Monday (06/21/2011), Japan's exports to 4.76 trillion yen, equivalent to $ 6 billion. While imports rose 12.3 percent to 5.61 trillion yen, so the trade deficit was recorded 853.7 billion yen. It is Japan's second-largest deficit after deficit of 967.9 billion yen in January 2009.
Japanese automobile exports in May fell 38.9 percent and shipments of auto parts fell 18.5 percent because of the earthquake and tsunami that struck on March 11, northern Japan.
The disaster left more than 23,000 people dead and missing, also destroyed hundreds of factories in the northeastern coast of Japan. This forced manufacturers such as Toyota Motor Corp. and Sony Corp. to stop production. Japanese exports to the United States fell 14.6 percent in May. U.S. bound export car nose dived 43.5 percent in the month.
Exports to China, Japan's largest trading partner fell 8.1 percent. As for Asia, exports dropped 8.7 percent, and Japan's exports to the European Union fell 8.8 percent. (GoFinance)
As quoted from the Associate Press on Monday (06/21/2011), Japan's exports to 4.76 trillion yen, equivalent to $ 6 billion. While imports rose 12.3 percent to 5.61 trillion yen, so the trade deficit was recorded 853.7 billion yen. It is Japan's second-largest deficit after deficit of 967.9 billion yen in January 2009.
Japanese automobile exports in May fell 38.9 percent and shipments of auto parts fell 18.5 percent because of the earthquake and tsunami that struck on March 11, northern Japan.
The disaster left more than 23,000 people dead and missing, also destroyed hundreds of factories in the northeastern coast of Japan. This forced manufacturers such as Toyota Motor Corp. and Sony Corp. to stop production. Japanese exports to the United States fell 14.6 percent in May. U.S. bound export car nose dived 43.5 percent in the month.
Exports to China, Japan's largest trading partner fell 8.1 percent. As for Asia, exports dropped 8.7 percent, and Japan's exports to the European Union fell 8.8 percent. (GoFinance)
::EU Delays Provide Emergency Assistance to Greece>>
Go Finance Reporting LUXEMBOURG - Finance Ministers of the European Zone postpone its decision to extend further assistance amounting to 120 billion euros, or $ 17 billion in emergency loans to Greece. Because the Greek government should first do the saving.
Greek parties say they need the loan to avoid default to pay the debt in mid-July. The ministers affirmed that the disbursement of the loan will depend on the law of the Greek parliament on the issue of fiscal reform and the sale of state assets.
As quoted by AFP on Monday (06/20/2011), the ministers issued a statement after a seven-hour hold meetings in Luxembourg. The ministers also plan a second bailout for Greece after the first bailout provided 110 billion euros in May last year.
The minister said that in addition to official loans, the new bailout will include the rollover will also voluntarily by private investors on their holdings in Greek government securities. But the statement did not say how large the bailout.
Meanwhile, Prime Minister of Greece George Papandreou asks citizens to support the austerity measures and avoid disaster by default. He also appealed for the nation to receive a very unpopular tax increases, spending cuts and privatization plans that are required of international donors.
"The consequences of bankruptcy violent or out of the euro zone would be a disaster for households, banks and the credibility of the state," said Papandreou. (GoFinance)
Greek parties say they need the loan to avoid default to pay the debt in mid-July. The ministers affirmed that the disbursement of the loan will depend on the law of the Greek parliament on the issue of fiscal reform and the sale of state assets.
As quoted by AFP on Monday (06/20/2011), the ministers issued a statement after a seven-hour hold meetings in Luxembourg. The ministers also plan a second bailout for Greece after the first bailout provided 110 billion euros in May last year.
The minister said that in addition to official loans, the new bailout will include the rollover will also voluntarily by private investors on their holdings in Greek government securities. But the statement did not say how large the bailout.
Meanwhile, Prime Minister of Greece George Papandreou asks citizens to support the austerity measures and avoid disaster by default. He also appealed for the nation to receive a very unpopular tax increases, spending cuts and privatization plans that are required of international donors.
"The consequences of bankruptcy violent or out of the euro zone would be a disaster for households, banks and the credibility of the state," said Papandreou. (GoFinance)
::Global Exchange Fire, IHSG Enduring on the Green Line>>
Go Finance Reporting in JAKARTA - Although still in the green belt, the trade Composite Stock Price Index (IHSG) began to slow compared to the morning trading session which influenced the negative sentiment that swept the regional and global exchanges.
IHSG, Monday (06/20/2011) afternoon closed up 6.82 points, or 0.2 percent, to 3729.12. LQ45 index rose 1.52 points to 660.31 and the Jakarta Islamic Index (JII) rose Rp1, 33 points to 512.29.
Trading volume today was recorded as 4.24 billion shares worth Rp2, 83 trillion. As many as 86 stocks advanced, 143 stocks fell, and 97 stocks experienced price changes. Foreign investors continued selling the action net Rp41, 212 billion.
Asian stocks again buffeted by negative sentiment that makes a number of exchanges plunged into the red zone as the Hang Seng index slipped 95.75 points, or 0.44 percent to 21,599.51 and the broader All Ordinaries index fell 38.6 points, or 0.85 percent, to 4512 , 5. While the Nikkei 225 index still rose a thin 2.92 points, or 0.03 percent, to 9354.32 and the Straits Times rose 13.31 points, or 0.44 percent, to 3017.03.
European bourses are compact in the red zone after a decision postponed a bailout for the Greek cause and the impact on the euro weakened capital markets. FTSE 100 down 66.1 points, or 1.16 percent, to 5648.65, the CAC 40 fell 53.85 points, or 1.41 percent to 3769.99 and the DAX fell 96.03 points, or 1.35 percent to 7067.93 .
Strengthening consumer sector still leads with 12.78 points followed up the mining sector which rose 3.2 points and the manufacturing sector rose 2.51 points.
Stocks are moving higher (top gainers) including PT Surya Toto Indonesia Tbk (TOTO) rose Rp 4.000 to Rp42.000, PT Dian Swastatika Sentosa Tbk (DSSA) rose Rp1.000 to Rp16.000, and PT Gudang Garam Tbk (GGRM) rose Rp 1,000 to Rp 45.300.
While stocks are moving down (top lossers) including PT Indocement Tunggal Prakasa Tbk (INTP) down Rp350 to Rp16.550, PT Bukit Asam Tbk (PTBA) down Rp 250 to Rp 20.550, and PT Adira Dinamika Multifinance Tbk (ADMF) down Rp 200 to Rp 12.800. (GoFinance)
IHSG, Monday (06/20/2011) afternoon closed up 6.82 points, or 0.2 percent, to 3729.12. LQ45 index rose 1.52 points to 660.31 and the Jakarta Islamic Index (JII) rose Rp1, 33 points to 512.29.
Trading volume today was recorded as 4.24 billion shares worth Rp2, 83 trillion. As many as 86 stocks advanced, 143 stocks fell, and 97 stocks experienced price changes. Foreign investors continued selling the action net Rp41, 212 billion.
Asian stocks again buffeted by negative sentiment that makes a number of exchanges plunged into the red zone as the Hang Seng index slipped 95.75 points, or 0.44 percent to 21,599.51 and the broader All Ordinaries index fell 38.6 points, or 0.85 percent, to 4512 , 5. While the Nikkei 225 index still rose a thin 2.92 points, or 0.03 percent, to 9354.32 and the Straits Times rose 13.31 points, or 0.44 percent, to 3017.03.
European bourses are compact in the red zone after a decision postponed a bailout for the Greek cause and the impact on the euro weakened capital markets. FTSE 100 down 66.1 points, or 1.16 percent, to 5648.65, the CAC 40 fell 53.85 points, or 1.41 percent to 3769.99 and the DAX fell 96.03 points, or 1.35 percent to 7067.93 .
Strengthening consumer sector still leads with 12.78 points followed up the mining sector which rose 3.2 points and the manufacturing sector rose 2.51 points.
Stocks are moving higher (top gainers) including PT Surya Toto Indonesia Tbk (TOTO) rose Rp 4.000 to Rp42.000, PT Dian Swastatika Sentosa Tbk (DSSA) rose Rp1.000 to Rp16.000, and PT Gudang Garam Tbk (GGRM) rose Rp 1,000 to Rp 45.300.
While stocks are moving down (top lossers) including PT Indocement Tunggal Prakasa Tbk (INTP) down Rp350 to Rp16.550, PT Bukit Asam Tbk (PTBA) down Rp 250 to Rp 20.550, and PT Adira Dinamika Multifinance Tbk (ADMF) down Rp 200 to Rp 12.800. (GoFinance)
::Depressed Rupiah Greek Issues>>
Go Finance Reporting in JAKARTA - The rupiah seemed depressed by the weakening euro against the dollar the United States (U.S.). The weakening of the euro is linked to the news of the bailout both to Greeks who have not liquid as well.
Rupiah, according to the middle exchange rate of Bank Indonesia (BI) at the level of parking Rp8.578 per USD, rose when compared with the previous trading period at Rp8.595 per USD.
Meanwhile, according yahoofinance, rupiah at Rp8.617, 5 per USD with a daily trading range in Rp8.587-Rp8.617 per USD. While on the other hand, seem to be rallying above U.S. dollar and other currencies. The euro fell to Rp1, 42 per USD, and the pounds fell 1.6137 per USD.
A stronger U.S. dollar is not separated from the news that blow in Greece. Finance ministers of the European Union (EU) met on June 19 to 20 yesterday to talk about a second bailout for Greece so as not to trigger widespread defaults.
German Chancellor who had previously refused, Greece expects bondholders are willing to do an extension on a voluntary basis with incentives. The meeting will formulate incentives and will set out in EU-led meeting on June 23 to 24 this.
Although the scheme is still complicated, but it seems the EU will approve the bailout plan as requested by the Greeks to prevent a larger financial crisis especially Italians threatened downgrades by Moody's from the current position at Aa2. (GoFinance)
Rupiah, according to the middle exchange rate of Bank Indonesia (BI) at the level of parking Rp8.578 per USD, rose when compared with the previous trading period at Rp8.595 per USD.
Meanwhile, according yahoofinance, rupiah at Rp8.617, 5 per USD with a daily trading range in Rp8.587-Rp8.617 per USD. While on the other hand, seem to be rallying above U.S. dollar and other currencies. The euro fell to Rp1, 42 per USD, and the pounds fell 1.6137 per USD.
A stronger U.S. dollar is not separated from the news that blow in Greece. Finance ministers of the European Union (EU) met on June 19 to 20 yesterday to talk about a second bailout for Greece so as not to trigger widespread defaults.
German Chancellor who had previously refused, Greece expects bondholders are willing to do an extension on a voluntary basis with incentives. The meeting will formulate incentives and will set out in EU-led meeting on June 23 to 24 this.
Although the scheme is still complicated, but it seems the EU will approve the bailout plan as requested by the Greeks to prevent a larger financial crisis especially Italians threatened downgrades by Moody's from the current position at Aa2. (GoFinance)
Sunday, June 19, 2011
::National Coffee Production Declines>>
Go Finance Reporting in JAKARTA - The Association of Indonesian Coffee Exporters and Industry (AEKI) predicts, national coffee production this year will reach 600 thousand tons. That number has decreased compared to last year. Chairman AEKI Suyanto Husein said, national coffee production last year was approximately 640 thousand tons.
Actually, Suyanto said, earlier this year, production is targeted to reach 700 thousand tons. However, he continued, the target was revised due to weather conditions that have not been good and still a lot of old coffee plants. Thus, according to Suyanto, production in some areas also decreased. Currently, said Suyanto, 90 percent of the total 1.2 million hectares (ha) coffee plantation in Indonesia are managed by small farmers.
"We will establish cooperation with relevant ministries to provide a broader land for farmers. In order for the next 10 years of production could reach 900 thousand-1, 2 million tons. We also want to improve the quantity and quality by expanding the land and the use of organic fertilizers, "Suyanto said in Jakarta last weekend.
Suyanto said, the effort to improve coffee production is expected to be in line with national growth of coffee consumption. Including, he said, to realize the development of downstream industries in the domestic coffee. The plan, he said, had discussed with the Minister of Industry, MS Hidayat.
"We hope, in the domestic coffee consumption continues to rise. Currently, it has grown and become part of the lifestyle. It appears from the development of the coffee shop," said Suyanto.
AEKI noted, at this time, Indonesia is the third largest coffee producer in the world, after Brazil and Vietnam. Meanwhile, Indonesia's coffee exports in 2010 is 443 thousand tons, valued at USD791, 76 million.
"Currently, the high demand for coffee in the world. The price is also starting high. If 10 percent of Indonesia's population who drink up to three cups of coffee per day, we finished production is absorbed locally," said Vice Chairman AEKI specialty fields and Coffee Industry Pranoto Soenarto.
Therefore, he added, the program increased production with land development, should be focused on farmers. So, can enjoy the growth of the world coffee market.
"If you can, industries with large-scale coffee companies do not invest in medium-land again. We propose the addition of farmers' land only. So, in the domestic industry to buy from farmers," said Pranoto. (GoFinance)
Actually, Suyanto said, earlier this year, production is targeted to reach 700 thousand tons. However, he continued, the target was revised due to weather conditions that have not been good and still a lot of old coffee plants. Thus, according to Suyanto, production in some areas also decreased. Currently, said Suyanto, 90 percent of the total 1.2 million hectares (ha) coffee plantation in Indonesia are managed by small farmers.
"We will establish cooperation with relevant ministries to provide a broader land for farmers. In order for the next 10 years of production could reach 900 thousand-1, 2 million tons. We also want to improve the quantity and quality by expanding the land and the use of organic fertilizers, "Suyanto said in Jakarta last weekend.
Suyanto said, the effort to improve coffee production is expected to be in line with national growth of coffee consumption. Including, he said, to realize the development of downstream industries in the domestic coffee. The plan, he said, had discussed with the Minister of Industry, MS Hidayat.
"We hope, in the domestic coffee consumption continues to rise. Currently, it has grown and become part of the lifestyle. It appears from the development of the coffee shop," said Suyanto.
AEKI noted, at this time, Indonesia is the third largest coffee producer in the world, after Brazil and Vietnam. Meanwhile, Indonesia's coffee exports in 2010 is 443 thousand tons, valued at USD791, 76 million.
"Currently, the high demand for coffee in the world. The price is also starting high. If 10 percent of Indonesia's population who drink up to three cups of coffee per day, we finished production is absorbed locally," said Vice Chairman AEKI specialty fields and Coffee Industry Pranoto Soenarto.
Therefore, he added, the program increased production with land development, should be focused on farmers. So, can enjoy the growth of the world coffee market.
"If you can, industries with large-scale coffee companies do not invest in medium-land again. We propose the addition of farmers' land only. So, in the domestic industry to buy from farmers," said Pranoto. (GoFinance)
::Not Perfect, PP 54 Precisely Inhibitory Expenditure Budget>>
Go Finance Reporting in JAKARTA - The Ministry of Finance to assess the implementation of Government Regulation (PP) No. 54 regarding the procurement of goods and services does not encourage the realization of shopping Ministry Institute. This is evident when compared with last year, actual spending is lower this year.
"Because there are obstacles in between the PP 54, PP because it turns out it does not accelerate the realization of shopping," said Herry Purnomo Directorate General of Budget in his office, Wahidin Jalan Raya, Jakarta, last weekend.
The low absorption, he said, because there are less perfect and the PP 54. "So the average was re-tender, who was at the tender last year was due to changes in government regulations, it is overloaded," he explained.
Harry said, compared with last year, slides realization shopping this year are even lower. "That was until May but now June, we shall make a report of the semester, but if completed by the end of June," he said.
The PP 54 Year 2010 guidelines contain about procurement of goods / services of the government, speed up the procurement process, so that procurement contracts can be implemented in January / February (Beginning Fiscal Year in progress).
Earlier, Director General of Treasury Agus Suprijanto revealed some ministry from the ministry just Institution of Public Works are already Implement tender since November. "But implementation is still April," he said in Jakarta. (GoFinance)
"Because there are obstacles in between the PP 54, PP because it turns out it does not accelerate the realization of shopping," said Herry Purnomo Directorate General of Budget in his office, Wahidin Jalan Raya, Jakarta, last weekend.
The low absorption, he said, because there are less perfect and the PP 54. "So the average was re-tender, who was at the tender last year was due to changes in government regulations, it is overloaded," he explained.
Harry said, compared with last year, slides realization shopping this year are even lower. "That was until May but now June, we shall make a report of the semester, but if completed by the end of June," he said.
The PP 54 Year 2010 guidelines contain about procurement of goods / services of the government, speed up the procurement process, so that procurement contracts can be implemented in January / February (Beginning Fiscal Year in progress).
Earlier, Director General of Treasury Agus Suprijanto revealed some ministry from the ministry just Institution of Public Works are already Implement tender since November. "But implementation is still April," he said in Jakarta. (GoFinance)
::RI-Russia Agree on Nuclear Energy Cooperation and Railways>>
Go Finance Reporting in Jakarta - Two ministers in economics from Russia and Indonesia agreed on cooperation in four sectors. Sector who will be explored include the development of nuclear energy and railways.
It is delivered by the Special Staff of the Coordinating Minister for Economic Affairs Amir Sambodo, Saturday (06/18/2011).
"Coordinating Minister Hatta Rajasa met with Russian Minister of Economic Development, Elvira Nabiullina. Chief Economic Minister M. Hatta Rajasa deliver four areas of Indonesia-Russia cooperation," said Amir.
The four sectors are the subject of cooperation are:
1. Good security (food security)
2. Energy including the development of nuclear energy for peace
3. Transport including trains
4. Trade and investment
"The Russian government welcomes these four areas of cooperation," said Amir.
Amir explained, Russian Minister of Economic Development will be delivering the food security agenda in the APEC meeting in 2012 in Russia.
"Russia calls on the government of Indonesia to finalize the topic of food security to meet the APEC meeting," said Amir.
Hatta Rajasa was indeed central to Russia to attend the St. Petersburg International Economic Forum on 16-17 June 2011.
Hatta will deliver a presentation on the Asia Pacific Economic Cooperation (APEC): The Evaluation and Continuation of a substantial agenda.
He also scheduled meetings with Russian businessmen intending to invest in Indonesia, among others in the mining sector and Nickel smelter with an investment of U.S. $ 6 billion. (GoFinance)
It is delivered by the Special Staff of the Coordinating Minister for Economic Affairs Amir Sambodo, Saturday (06/18/2011).
"Coordinating Minister Hatta Rajasa met with Russian Minister of Economic Development, Elvira Nabiullina. Chief Economic Minister M. Hatta Rajasa deliver four areas of Indonesia-Russia cooperation," said Amir.
The four sectors are the subject of cooperation are:
1. Good security (food security)
2. Energy including the development of nuclear energy for peace
3. Transport including trains
4. Trade and investment
"The Russian government welcomes these four areas of cooperation," said Amir.
Amir explained, Russian Minister of Economic Development will be delivering the food security agenda in the APEC meeting in 2012 in Russia.
"Russia calls on the government of Indonesia to finalize the topic of food security to meet the APEC meeting," said Amir.
Hatta Rajasa was indeed central to Russia to attend the St. Petersburg International Economic Forum on 16-17 June 2011.
Hatta will deliver a presentation on the Asia Pacific Economic Cooperation (APEC): The Evaluation and Continuation of a substantial agenda.
He also scheduled meetings with Russian businessmen intending to invest in Indonesia, among others in the mining sector and Nickel smelter with an investment of U.S. $ 6 billion. (GoFinance)
Saturday, June 18, 2011
::Gold Gains Because Dollar Weakens>>
Go Finance Reporting in NEW YORK - Gold prices rose nearly a percent due to declining value of U.S. dollar (U.S.). This is the biggest reinforcement for safe-haven commodities in the last three weeks.
It is also due to economic uncertainty the European Union, including Germany and France step which intends to save Greece from the default by urging the Prime Minister of Greece to replace the Minister of Finance because the savings plan are not considered popular.
The increase in gold prices is also due to U.S. economic activity is interpreted to increase even backwards. Coupled with the poor U.S. consumer sentiment is expected to weaken in June.
"We see risks in the equity markets back up so the dollar down. Obviously, gold is reacting very well," said the Director of Metals Trading Vision Financial Markets David Meger, as quoted by Reuters on Saturday (06/18/2011).
The price of gold in the spot market rose 0.8 percent to USD1.540, 99 per ounce. This is the strongest rise in a single day since May 27 when it jumped 1.1 percent. (GoFinance)
It is also due to economic uncertainty the European Union, including Germany and France step which intends to save Greece from the default by urging the Prime Minister of Greece to replace the Minister of Finance because the savings plan are not considered popular.
The increase in gold prices is also due to U.S. economic activity is interpreted to increase even backwards. Coupled with the poor U.S. consumer sentiment is expected to weaken in June.
"We see risks in the equity markets back up so the dollar down. Obviously, gold is reacting very well," said the Director of Metals Trading Vision Financial Markets David Meger, as quoted by Reuters on Saturday (06/18/2011).
The price of gold in the spot market rose 0.8 percent to USD1.540, 99 per ounce. This is the strongest rise in a single day since May 27 when it jumped 1.1 percent. (GoFinance)
::Gains, Dow Jones Return to Level 12 000>>
Go Finance Reporting in NEW YORK - Stock markets United States (U.S.) began to squirm in the midst of Greece's debt crisis. It is a sign that slowly but surely Europe can overcome the debt crisis that occurred in the region.
As reported by the AFP, in late trade on Friday (06/17/2011) local time, the Dow rose 42.84 points, or 0.36 percent ke12.004, 36. S & P 500 Index also rose 3.86 points, or 0.30 percent to 1271.50, but the Nasdaq Composite index fell 7.22 points, or 0.28 percent, to 2616.48.
In early trading, the stock market positive cloud up after the German chancellor Angela Merkel and French President Nicolas Sarkozy urged fast action to do a new rescue against Greece, but the momentum is fading.
"By the weekend there is a little trepidation and fears of Greek issues, there may be no short-term resolution," said the head of Owen Fitzpatrick of Deutsche Bank's equity.
The Nasdaq index was also weighed by the falling value of the shares of Research in Motion. Shares of BlackBerry manufacturer is dropped more than 21 percent due to disappointing earnings reports. (GoFinance)
As reported by the AFP, in late trade on Friday (06/17/2011) local time, the Dow rose 42.84 points, or 0.36 percent ke12.004, 36. S & P 500 Index also rose 3.86 points, or 0.30 percent to 1271.50, but the Nasdaq Composite index fell 7.22 points, or 0.28 percent, to 2616.48.
In early trading, the stock market positive cloud up after the German chancellor Angela Merkel and French President Nicolas Sarkozy urged fast action to do a new rescue against Greece, but the momentum is fading.
"By the weekend there is a little trepidation and fears of Greek issues, there may be no short-term resolution," said the head of Owen Fitzpatrick of Deutsche Bank's equity.
The Nasdaq index was also weighed by the falling value of the shares of Research in Motion. Shares of BlackBerry manufacturer is dropped more than 21 percent due to disappointing earnings reports. (GoFinance)
Friday, June 17, 2011
::Technical Factors Rescued, Dow Jones Rebound>>
Go Finance Reporting in NEW YORK - Stock prices on Wall Street tend to move up in volatile trade on Thursday, thanks to technical factors. Despite uncertainty about the Greeks could deter investors to exit the market.
Dow Jones Industrial Average (DJI) rose 64.25 points, or 0.54 percent to 11961.52 position. The Standard & Poor's 500 (SPX) edged up 2.22 points, or 0.18 percent to a level of 1267.64. But the Nasdaq Composite Index (IXIC) fell 7.76 points, or 0.29 percent, to 2623.70.
Expiration of stock-index futures, single stock futures, options and stock index options in June, known as quadruple the enchanting thus creating tremendous volatility. As well as pushing the S & P 500 is more than one percent compared to the previous session that was recorded low.
Quoted by Reuters on Friday (06/17/2011), Greece remains one of the factors of negative investor sentiment, although experts say banks' exposure the United States (U.S.) for Greece's debt may be less than many market participants fear.
However, the market needs immediately respond to situations, such as the lack of an agreement to resolve the debt crisis of Greece that could hamper investor confidence.
'Headline today is Greek, and it will continue to happen until there is some clarity or confidence to get out of debt, "said Head NYSE Floor Operations for Meridian Equity Partners in New York, Jonathan Corpina.
However, losses incurred due to investors looking for value after the recent take action. Dow Jones also closed a volatile day with modest gains and the Nasdaq fell slightly more than one percent in afternoon trading. (GoFinance)
Dow Jones Industrial Average (DJI) rose 64.25 points, or 0.54 percent to 11961.52 position. The Standard & Poor's 500 (SPX) edged up 2.22 points, or 0.18 percent to a level of 1267.64. But the Nasdaq Composite Index (IXIC) fell 7.76 points, or 0.29 percent, to 2623.70.
Expiration of stock-index futures, single stock futures, options and stock index options in June, known as quadruple the enchanting thus creating tremendous volatility. As well as pushing the S & P 500 is more than one percent compared to the previous session that was recorded low.
Quoted by Reuters on Friday (06/17/2011), Greece remains one of the factors of negative investor sentiment, although experts say banks' exposure the United States (U.S.) for Greece's debt may be less than many market participants fear.
However, the market needs immediately respond to situations, such as the lack of an agreement to resolve the debt crisis of Greece that could hamper investor confidence.
'Headline today is Greek, and it will continue to happen until there is some clarity or confidence to get out of debt, "said Head NYSE Floor Operations for Meridian Equity Partners in New York, Jonathan Corpina.
However, losses incurred due to investors looking for value after the recent take action. Dow Jones also closed a volatile day with modest gains and the Nasdaq fell slightly more than one percent in afternoon trading. (GoFinance)
::Weakened, Rupiah Back Again to Rp8.600/USD>>
Go Finance Reporting in JAKARTA - A variety of pressures that plagued the rupiah seemed unstoppable. This momentum is used as the arena for market participants to profit-taking at the weekend.
Rupiah, according to the middle exchange rate of Bank Indonesia (BI) on Friday (06/17/2011) weakened to Rp8.595 per USD compared to the previous trading period at the level of Rp8.584 per USD.
But, according to yahoofinance, the rupiah had slipped to as low Rp8.612 per USD with a daily trading range in Rp8.582-Rp8.625 per USD. As also observed stronger dollar over other currencies. The euro weakened to 1.4189 per USD, as well as the pounds are weakened to 1.6133 per USD.
External conditions this time simply press the rupiah in between rising inflation in the eurozone. In addition the unemployment rate in Europe is also experiencing an increase in which is month to month increase from 0.1 percent to 0.2 percent and year to date (ytd) from 14.2 percent to 15 percent.
In addition, bonds issued by Greece gets low ratings from rating agency Standard & Poor's, and some French banks in the region also experienced a downgrade so that the negative impact of the rupiah. (GoFinance)
Rupiah, according to the middle exchange rate of Bank Indonesia (BI) on Friday (06/17/2011) weakened to Rp8.595 per USD compared to the previous trading period at the level of Rp8.584 per USD.
But, according to yahoofinance, the rupiah had slipped to as low Rp8.612 per USD with a daily trading range in Rp8.582-Rp8.625 per USD. As also observed stronger dollar over other currencies. The euro weakened to 1.4189 per USD, as well as the pounds are weakened to 1.6133 per USD.
External conditions this time simply press the rupiah in between rising inflation in the eurozone. In addition the unemployment rate in Europe is also experiencing an increase in which is month to month increase from 0.1 percent to 0.2 percent and year to date (ytd) from 14.2 percent to 15 percent.
In addition, bonds issued by Greece gets low ratings from rating agency Standard & Poor's, and some French banks in the region also experienced a downgrade so that the negative impact of the rupiah. (GoFinance)
::Sinkhole, Profit Taking Dominate IHSG Movement>>
Go Finance Reporting in JAKARTA - Movement Composite Stock Price Index (IHSG) is observed again in the afternoon, although not too deep sinkhole. Profit taking is suppose to be triggered weakening IHSG this weekend.
IHSG Friday (06/17/2011) fell 18.17 points, or 0.49 percent to a position equivalent to 3722.30. While thin LQ45 index also fell by 658.79 points, or 3.12, and the Jakarta Islamic Index (JII) fell 4.5 points or at 510.96.
The value of trade transactions recorded today Rp4, 078 trillion, with a volume of 3.75 billion shares. As many as 75 stocks advanced, 173 stocks fell, and 73 stocks tracked stable.
Of stocks in various sectors are also tracked down, where the mining sector led the most in the attenuation of 40.54 points. Followed stocks in the plantation sector which fell 24.51 points. only the financial sector stocks are strengthened by 1.38 points.
The movement of Asian markets also recorded entirely red, like the Hang Seng index dropped 257.85 points to 21695.26 position, the Nikkei 225 index fell 59.88 points to 9351.4 and the Straits Times Index slid 16.28 points to 3003.85.
Stocks that rose among the PT Delta Djakarta Tbk (DLTA) rose to 125 thousand Rp5.000, PT Bayan Resources Tbk (BYAN) rose Rp400 to Rp20.200, and PT United Tractors Tbk (UNTR) rose Rp250 to Rp22. 900.
While stocks fell, among others, PT Gudang Garam Tbk (GGRM) down Rp1.350 to Rp44.300, Tbk PT Indo Tambangraya (ITMG) down Rp950 to Rp44.450, and PT Fast Food Indonesia Tbk (FAST) down Rp500 to Rp10 thousand. (GoFinance)
IHSG Friday (06/17/2011) fell 18.17 points, or 0.49 percent to a position equivalent to 3722.30. While thin LQ45 index also fell by 658.79 points, or 3.12, and the Jakarta Islamic Index (JII) fell 4.5 points or at 510.96.
The value of trade transactions recorded today Rp4, 078 trillion, with a volume of 3.75 billion shares. As many as 75 stocks advanced, 173 stocks fell, and 73 stocks tracked stable.
Of stocks in various sectors are also tracked down, where the mining sector led the most in the attenuation of 40.54 points. Followed stocks in the plantation sector which fell 24.51 points. only the financial sector stocks are strengthened by 1.38 points.
The movement of Asian markets also recorded entirely red, like the Hang Seng index dropped 257.85 points to 21695.26 position, the Nikkei 225 index fell 59.88 points to 9351.4 and the Straits Times Index slid 16.28 points to 3003.85.
Stocks that rose among the PT Delta Djakarta Tbk (DLTA) rose to 125 thousand Rp5.000, PT Bayan Resources Tbk (BYAN) rose Rp400 to Rp20.200, and PT United Tractors Tbk (UNTR) rose Rp250 to Rp22. 900.
While stocks fell, among others, PT Gudang Garam Tbk (GGRM) down Rp1.350 to Rp44.300, Tbk PT Indo Tambangraya (ITMG) down Rp950 to Rp44.450, and PT Fast Food Indonesia Tbk (FAST) down Rp500 to Rp10 thousand. (GoFinance)
Wednesday, June 15, 2011
::Japanese Prepare 200 million Yen for ASEAN>>
Go Finance Reporting in JAKARTA - The Ministry of Economy, Trade and Industry (METI) of Japan plans to spend approximately 200 million yen which is used for Pacific Economic Agreement (EPA) in the ASEAN region.
This was conveyed by the Director of ASEAN affairs, Trade Policy Bureau Ministry of Economy, Trade and Industry of Japan, Takuma Yamaguchi, when found in the Ministry of Industry, Jakarta, Wednesday (06/15/2011).
"Put up 200 million yen fund from METI to ASEAN countries in supporting the implementation of the EPA, one of them to Indonesia. Activities which support the activities of the EPA is one of them is for Manufacturing Industrial Development Center (MIDEC)," he said.
However, he could not explain how the section will be accepted by Indonesia of a total of 200 million yen, because it still would be studies further.
"Budgeting for Indonesia is still under discussion. Because not known what activities will be carried out to Indonesia. Each was still under discussion further," he explained.
Dana does not include the Japan International Cooperation Agency (JICA), in which if given a gift from JICA could even greater.
As on Thursday, June 16 return will be a further meeting, in which one of them would discuss what activities will be done to carry MIDEC this year.
"Governance Governance her to a new tomorrow, so you can know what activities will be carried out for this year. So how can the amount of the budget breakdown for Indonesia," he concluded.
For information, cooperation agreements IJEPA (Indonesia-Japan Economic Partnership Agreement) between Indonesia and the Japanese government in principle aims to strengthen economic relations between the two countries.
One agreed in IJEPA in 2008 is a collaboration to increase industrial competitiveness, better known by Manufacturing Industrial Development Center (MIDEC). (GoFinance)
This was conveyed by the Director of ASEAN affairs, Trade Policy Bureau Ministry of Economy, Trade and Industry of Japan, Takuma Yamaguchi, when found in the Ministry of Industry, Jakarta, Wednesday (06/15/2011).
"Put up 200 million yen fund from METI to ASEAN countries in supporting the implementation of the EPA, one of them to Indonesia. Activities which support the activities of the EPA is one of them is for Manufacturing Industrial Development Center (MIDEC)," he said.
However, he could not explain how the section will be accepted by Indonesia of a total of 200 million yen, because it still would be studies further.
"Budgeting for Indonesia is still under discussion. Because not known what activities will be carried out to Indonesia. Each was still under discussion further," he explained.
Dana does not include the Japan International Cooperation Agency (JICA), in which if given a gift from JICA could even greater.
As on Thursday, June 16 return will be a further meeting, in which one of them would discuss what activities will be done to carry MIDEC this year.
"Governance Governance her to a new tomorrow, so you can know what activities will be carried out for this year. So how can the amount of the budget breakdown for Indonesia," he concluded.
For information, cooperation agreements IJEPA (Indonesia-Japan Economic Partnership Agreement) between Indonesia and the Japanese government in principle aims to strengthen economic relations between the two countries.
One agreed in IJEPA in 2008 is a collaboration to increase industrial competitiveness, better known by Manufacturing Industrial Development Center (MIDEC). (GoFinance)
::Finally, Wall Street Stronger Highest in 2 Months>>
Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) finally rose, even this reinforcement is the highest in two months due to the release of retail sales figures which traders fear will erode the economic downturn.
Many analysts said the rally is happening can only be materialized by the existence of a miracle. Although still weak, retail sales data are not as bad as most had expected, which gives reason to buy after the market is approaching oversold conditions that most of the year.
"In the long term, the trend is weakening is still disturbing. If you look at the S & P 500, index in has lost more than $ 1 trillion, the value since its peak in early May," said Director of DME Securities Alan Valdes was quoted as saying by Reuters, in New York.
Many factors still to be pressure, including worries over debt problems in Europe and the United States. In addition, market participants seemed interested in buying the bonds the Federal Reserve, which has become the main source of liquidity to the market.
U.S. retail sales declined for the first time in 11 months in May, but not far from initial estimates. Chinese data also help to alleviate concerns about global growth.
Strengthening trade spread across the board, the Morgan Stanley retail index rose 2.8 percent, this includes the best performance. The energy sector was also positive, the S & P energy sector index rose two percent as oil prices rose.
At the close of trading on Tuesday (06/14/2011), the Dow Jones industrial rose 123.14 points, or 1.03 percent to 12076.11. The broader Standard & Poor's 500 index rose 16.04 points, or 1.26 percent, to 1287.87. The Nasdaq Composite Index rose 39.03 points, or 1.48 percent to 2678.72. (GoFinance)
Many analysts said the rally is happening can only be materialized by the existence of a miracle. Although still weak, retail sales data are not as bad as most had expected, which gives reason to buy after the market is approaching oversold conditions that most of the year.
"In the long term, the trend is weakening is still disturbing. If you look at the S & P 500, index in has lost more than $ 1 trillion, the value since its peak in early May," said Director of DME Securities Alan Valdes was quoted as saying by Reuters, in New York.
Many factors still to be pressure, including worries over debt problems in Europe and the United States. In addition, market participants seemed interested in buying the bonds the Federal Reserve, which has become the main source of liquidity to the market.
U.S. retail sales declined for the first time in 11 months in May, but not far from initial estimates. Chinese data also help to alleviate concerns about global growth.
Strengthening trade spread across the board, the Morgan Stanley retail index rose 2.8 percent, this includes the best performance. The energy sector was also positive, the S & P energy sector index rose two percent as oil prices rose.
At the close of trading on Tuesday (06/14/2011), the Dow Jones industrial rose 123.14 points, or 1.03 percent to 12076.11. The broader Standard & Poor's 500 index rose 16.04 points, or 1.26 percent, to 1287.87. The Nasdaq Composite Index rose 39.03 points, or 1.48 percent to 2678.72. (GoFinance)
::Still Positive, IHSG Was Thrown from Level 3800>>
Go Finance Reporting in JAKARTA - Though still showing positive trends, Composite Stock Price Index (IHSG) have failed to maintain its position at the level of stock trading in 3800 after the second session lasted slowed.
IHSG, on Wednesday (06/15/2011) afternoon closed up 20.98 points, or 0.6 percent, to 3794.25. LQ45 index rose 4.45 points to 672.16 and the Jakarta Islamic Index (JII) rose 2.5 points to 521.82.
Trading volume today was recorded at 4.303 billion shares valued at Rp 3, 478 trillion. As many as 128 stocks advanced, 104 stocks fell, and 94 stocks remained unchanged in price. Foreign investors make net buying up to Rp471, 881 billion.
Asian stocks are still moving ahead of the final two-way trade, where the Nikkei 225 index rose 26.53 points, or 0.28 percent to 9574.32. Meanwhile, the Hang Seng index ambles up to 152.23 or 0.68 percent to 22343.77 followed Straits Times index falling 2.75 points, or slim 0.07 percent to 3056.44.
Stocks that move strengthened (Top gainers), among others, PT Multi Bintang Indonesia Tbk (MLBI) rose Rp8.000 to Rp370.000, and PT Astra International Tbk (ASII) rose Rp1.650 to Rp58.900.
Meanwhile, stocks that move down (top lossers) of which PT HM Sampoerna Tbk (HMSP) down 150 to Rp28.100 and PT Harum Energy Tbk (HRUM) down Rp150 to Rp9.300. (GoFinance)
IHSG, on Wednesday (06/15/2011) afternoon closed up 20.98 points, or 0.6 percent, to 3794.25. LQ45 index rose 4.45 points to 672.16 and the Jakarta Islamic Index (JII) rose 2.5 points to 521.82.
Trading volume today was recorded at 4.303 billion shares valued at Rp 3, 478 trillion. As many as 128 stocks advanced, 104 stocks fell, and 94 stocks remained unchanged in price. Foreign investors make net buying up to Rp471, 881 billion.
Asian stocks are still moving ahead of the final two-way trade, where the Nikkei 225 index rose 26.53 points, or 0.28 percent to 9574.32. Meanwhile, the Hang Seng index ambles up to 152.23 or 0.68 percent to 22343.77 followed Straits Times index falling 2.75 points, or slim 0.07 percent to 3056.44.
Stocks that move strengthened (Top gainers), among others, PT Multi Bintang Indonesia Tbk (MLBI) rose Rp8.000 to Rp370.000, and PT Astra International Tbk (ASII) rose Rp1.650 to Rp58.900.
Meanwhile, stocks that move down (top lossers) of which PT HM Sampoerna Tbk (HMSP) down 150 to Rp28.100 and PT Harum Energy Tbk (HRUM) down Rp150 to Rp9.300. (GoFinance)
Tuesday, June 14, 2011
::IPO Value Facebook Estimated USD100 Billion>>
Go Finance Reporting in NEW YORK - Social networking site Facebook is preparing to conduct bookbulding IPO (initial public offering / IPO) in early October or November with a value of more than USD100 billion.
As revealed by CNBC quoted by Reuters on Tuesday (06/14/2011), Goldman Sachs will be the lead underwriter in an initial offering of shares Facebook in the first quarter 2012.
With more than 500 million users, Facebook became the media's most popular social network and its IPO was highly anticipated by many on Wall Street.
Last month, Director of Operations Facebook had made the comments that the IPO was inevitable, but now can not comment on the latest conditions related to the plan.
Anticipation of future plans up came when investor appetite is tasteful to the social networking company that grew rapidly.
Last month, a professional social network LinkedIn Corp. has made an IPO Approximately $ 7 billion. While at the site earlier this month confessed Groupon Inc. bid for Facebook up to USD750 million IPO.
Meanwhile, for Facebook, now valued as a threat to the already well-known Internet companies like Google Inc., Yahoo Inc. distinction.
Earlier this year, Facebook is valued at USD50 billion by Goldman Sachs when it started investments there. Currently Facebook on the secondary market value of approximately USD78-USD81 billion. Facebook itself is expected to earn approximately $ 4 billion for advertising revenue in 2011, up from $ 1, 86 billion last year. (GoFinance)
As revealed by CNBC quoted by Reuters on Tuesday (06/14/2011), Goldman Sachs will be the lead underwriter in an initial offering of shares Facebook in the first quarter 2012.
With more than 500 million users, Facebook became the media's most popular social network and its IPO was highly anticipated by many on Wall Street.
Last month, Director of Operations Facebook had made the comments that the IPO was inevitable, but now can not comment on the latest conditions related to the plan.
Anticipation of future plans up came when investor appetite is tasteful to the social networking company that grew rapidly.
Last month, a professional social network LinkedIn Corp. has made an IPO Approximately $ 7 billion. While at the site earlier this month confessed Groupon Inc. bid for Facebook up to USD750 million IPO.
Meanwhile, for Facebook, now valued as a threat to the already well-known Internet companies like Google Inc., Yahoo Inc. distinction.
Earlier this year, Facebook is valued at USD50 billion by Goldman Sachs when it started investments there. Currently Facebook on the secondary market value of approximately USD78-USD81 billion. Facebook itself is expected to earn approximately $ 4 billion for advertising revenue in 2011, up from $ 1, 86 billion last year. (GoFinance)
::Venezuela Electricity Consumption Limit>>
Go Finance Reporting in Caracas - Venezuela, one of the leading oil producer in the world, trying to limit the power consumption as the power to meet domestic demand.
The Venezuelan government said, which is the largest electricity consumers in shopping malls, factories, office buildings and even some houses, had to cut their energy use 10 percent compared to the average monthly usage.
Venezuelan Vice President Elias Jaua and Minister of Energy and Electricity Ali Rodriguez said that homes that have reduced their energy use exceeds 10 percent would receive a sharp discount on their utility bills, which are subsidized.
The move follows a series of blackouts that occurred last weekend, and came after Venezuela impose electricity rationing power control on a monthly basis in 2010.
Quoted by AFP on Tuesday (06/14/20110, exclusion restrictions of this electricity to the hospital, the operation of oil and associated gas, city cleaning service, air traffic control, schools, and embassies. The offices of government should set an example in the use of energy.
"These are the steps for proper use of electrical energy and the rational which aims to keep supply and safe," said Jaua.
Last year, Venezuela's government blames drought due to the power crisis, where nearly 70 percent of the country's electricity comes from the Guri hydroelectric plant in southern Venezuela.
However, energy experts say, the state utility system requires an investment of $ 20 billion dollars over the next four years to meet demand. Venezuela itself nationalized the national electric power utility in 2007. (GoFinance)
The Venezuelan government said, which is the largest electricity consumers in shopping malls, factories, office buildings and even some houses, had to cut their energy use 10 percent compared to the average monthly usage.
Venezuelan Vice President Elias Jaua and Minister of Energy and Electricity Ali Rodriguez said that homes that have reduced their energy use exceeds 10 percent would receive a sharp discount on their utility bills, which are subsidized.
The move follows a series of blackouts that occurred last weekend, and came after Venezuela impose electricity rationing power control on a monthly basis in 2010.
Quoted by AFP on Tuesday (06/14/20110, exclusion restrictions of this electricity to the hospital, the operation of oil and associated gas, city cleaning service, air traffic control, schools, and embassies. The offices of government should set an example in the use of energy.
"These are the steps for proper use of electrical energy and the rational which aims to keep supply and safe," said Jaua.
Last year, Venezuela's government blames drought due to the power crisis, where nearly 70 percent of the country's electricity comes from the Guri hydroelectric plant in southern Venezuela.
However, energy experts say, the state utility system requires an investment of $ 20 billion dollars over the next four years to meet demand. Venezuela itself nationalized the national electric power utility in 2007. (GoFinance)
::Dow Jones Stronger Thin>>
Go Finance Reporting in NEW YORK - The stock market rose despite thin. It is considered only temporary because of fears of economic slowdown are threatening.
S & P 500 rose for the second time in nine trading sessions, while the Nasdaq 100 managed to survive falls below the average of 200 days in 2218. Investors seemed still flat despite the prices of some stocks have become cheap enough after six weeks of stock market experienced selling pressure.
"If we do not get great information about the economy out of trouble, or the emergence of other things that help determine our trading decisions will still be the same market conditions over the coming weeks," said vice president Cuttone & Co. Keith Bliss was quoted as saying by Reuters on New York.
Evidence of weak global economic recovery has pushed the S & P 500 dropped from 6.6 per cent from its highest position in early May. Some analysts even said that this index will be corrected to 10 percent.
At the same time, transactions that occur between the insurer and communication technology sector showed an attractive valuation. Among them, the Allied World Assurance Co. Holdings Ltd. agreed to buy Transatlantic Holdings Inc. for $ 3, 2 billion.
Transatlantic shares jumped 9.5 percent to $ 48, 19, while Allied fell by 4.5 percent to USD55, 44.
VF Corp., owner of the North Face brand buy Timberland Co. is known for its hiking boots, amounting to $ 2 billion to boost sales of outdoor equipment, which is the largest business. VF Corp. rose 10 percent to USD101, 01 and Timberland jumped 44 percent to USD43, 20.
At the end of the close of trading on Monday (06/13/2011), the Dow Jones Industrial rose 1.06 points, or 0.01 percent, to 11952.97. Standard & Poor's 500 index rose 0.85 points, or 0.07 percent to 1271.83. But the Nasdaq Composite Index dropped 4.04 points, or 0.15 percent, to 2639.69. (GoFinance)
S & P 500 rose for the second time in nine trading sessions, while the Nasdaq 100 managed to survive falls below the average of 200 days in 2218. Investors seemed still flat despite the prices of some stocks have become cheap enough after six weeks of stock market experienced selling pressure.
"If we do not get great information about the economy out of trouble, or the emergence of other things that help determine our trading decisions will still be the same market conditions over the coming weeks," said vice president Cuttone & Co. Keith Bliss was quoted as saying by Reuters on New York.
Evidence of weak global economic recovery has pushed the S & P 500 dropped from 6.6 per cent from its highest position in early May. Some analysts even said that this index will be corrected to 10 percent.
At the same time, transactions that occur between the insurer and communication technology sector showed an attractive valuation. Among them, the Allied World Assurance Co. Holdings Ltd. agreed to buy Transatlantic Holdings Inc. for $ 3, 2 billion.
Transatlantic shares jumped 9.5 percent to $ 48, 19, while Allied fell by 4.5 percent to USD55, 44.
VF Corp., owner of the North Face brand buy Timberland Co. is known for its hiking boots, amounting to $ 2 billion to boost sales of outdoor equipment, which is the largest business. VF Corp. rose 10 percent to USD101, 01 and Timberland jumped 44 percent to USD43, 20.
At the end of the close of trading on Monday (06/13/2011), the Dow Jones Industrial rose 1.06 points, or 0.01 percent, to 11952.97. Standard & Poor's 500 index rose 0.85 points, or 0.07 percent to 1271.83. But the Nasdaq Composite Index dropped 4.04 points, or 0.15 percent, to 2639.69. (GoFinance)
::IHSG Close Trade on the Green Line>>
Go Finance Reporting in JAKARTA - After careful stepping most of the day, finally Composite Stock Price Index (IHSG), steady close today with the strengthening of up to 24 points.
IHSG, on Tuesday (06/14/2011) evening closed rose 24.51 points, or 0.7 percent, to 3773.27. LQ45 index also gained 4.05 points to 667.71 and the Jakarta Islamic Index (JII) rose 3.35 points to 519.32.
Day trading is fairly lively with a volume of 7.145 billion shares valued at Rp 4, 487 trillion. As many as 127 stocks advanced, 88 stocks fell, and 108 shares remained unchanged in price. Foreign investors net this time to take action buying up to Rp1, 787 trillion.
Although still dominated by the strengthening in Asian stocks, but the Hang Seng index slipped 12.08 points, or just 0.05 percent to 22,496 followed by the Straits Times that thin down 2.27 points or 0.07 percent, to 3056.51.
In Europe, positive trends are also making early trading today looks cheerful. The FTSE 100 index rose 25.96 points to 5799.71, the CAC 40 rose 43.87 points to 3851.41 and the DAX soared 109.23 points to 7194.37.
Strengthening indices today led by the plantation sector, which rose 31.02 points, followed by the consumption sector, which rose 20.92 points.
Stocks that move strengthened (Top gainers) PT Merck Indonesia Tbk (MRK) rose Rp5.000 to Rp110.000, PT Multi Bintang Indonesia Tbk (MLBI) rose Rp2.000 to Rp362.000, and PT Gudang Garam Tbk (GGRM ) rose Rp1.700 to Rp45.450.
Meanwhile, stocks that move down (top lossers) of which PT Squibb Indonesia (SQBI) down Rp3.000 to Rp122.000, and PT Delta Djakarta Tbk (DLTA) fell 1,000 to Rp122.000. (GoFinance)
IHSG, on Tuesday (06/14/2011) evening closed rose 24.51 points, or 0.7 percent, to 3773.27. LQ45 index also gained 4.05 points to 667.71 and the Jakarta Islamic Index (JII) rose 3.35 points to 519.32.
Day trading is fairly lively with a volume of 7.145 billion shares valued at Rp 4, 487 trillion. As many as 127 stocks advanced, 88 stocks fell, and 108 shares remained unchanged in price. Foreign investors net this time to take action buying up to Rp1, 787 trillion.
Although still dominated by the strengthening in Asian stocks, but the Hang Seng index slipped 12.08 points, or just 0.05 percent to 22,496 followed by the Straits Times that thin down 2.27 points or 0.07 percent, to 3056.51.
In Europe, positive trends are also making early trading today looks cheerful. The FTSE 100 index rose 25.96 points to 5799.71, the CAC 40 rose 43.87 points to 3851.41 and the DAX soared 109.23 points to 7194.37.
Strengthening indices today led by the plantation sector, which rose 31.02 points, followed by the consumption sector, which rose 20.92 points.
Stocks that move strengthened (Top gainers) PT Merck Indonesia Tbk (MRK) rose Rp5.000 to Rp110.000, PT Multi Bintang Indonesia Tbk (MLBI) rose Rp2.000 to Rp362.000, and PT Gudang Garam Tbk (GGRM ) rose Rp1.700 to Rp45.450.
Meanwhile, stocks that move down (top lossers) of which PT Squibb Indonesia (SQBI) down Rp3.000 to Rp122.000, and PT Delta Djakarta Tbk (DLTA) fell 1,000 to Rp122.000. (GoFinance)
::Rupiah falls Middle Positive Sentiment>>
Go Finance Reporting in JAKARTA - The rupiah again closed lower despite positive sentiment monitored. Where United States dollars (U.S.) observed depressed, and move stock index rose.
Amount, according to the exchange rate of Bank Indonesia (BI) on Tuesday (06/14/2011) weakened to Rp8.536 per USD compared to the previous period in Rp8.531 per USD.
Meanwhile, according yahoofinance, the rupiah is on Rp8.537 per USD with a range of trade-Rp8.547 Rp8.537 per USD. Dollar exchange rate weakened when observed over a number of other currencies. Thus, the euro rose to 1.4453 per USD, and the pound rose to 1.6395 per U.S. dollar.
In fact, Composite Stock Price Index (IHSG) was observed to strengthen the trade this time. But before the selling pressure seen covering the stock index also occurs in the rupiah.
Yet despite such for the medium to long-term movement of the rupiah against foreign currencies is predicted that Uncle Sam can be supported by stronger domestic macro-economy is still stable today. (GoFinance)
Amount, according to the exchange rate of Bank Indonesia (BI) on Tuesday (06/14/2011) weakened to Rp8.536 per USD compared to the previous period in Rp8.531 per USD.
Meanwhile, according yahoofinance, the rupiah is on Rp8.537 per USD with a range of trade-Rp8.547 Rp8.537 per USD. Dollar exchange rate weakened when observed over a number of other currencies. Thus, the euro rose to 1.4453 per USD, and the pound rose to 1.6395 per U.S. dollar.
In fact, Composite Stock Price Index (IHSG) was observed to strengthen the trade this time. But before the selling pressure seen covering the stock index also occurs in the rupiah.
Yet despite such for the medium to long-term movement of the rupiah against foreign currencies is predicted that Uncle Sam can be supported by stronger domestic macro-economy is still stable today. (GoFinance)
Monday, June 13, 2011
::Achieving the MDGs, ADB Claim Help Contribute Asia Region>>
Go Finance Reporting in JAKARTA - The last few years Asian experience in the development and advancement of the attention on the millennium development target program or the Millennium Development Goals (MDGs).
However, homework is piling up. Therefore, there are still 900 million people of Asian society living below the poverty line and 1.9 billion people who do not get the Asian community sanitation access, 450 million people access clean water difficulties.
Managing Director of Asian Development Bank, Rajat M. Nag Rajat claimed all this time his side has a role to help countries in Asia to achieve the millennium development targets.
He said the ADB has provided loans amounting to three times more specific for MDG-related programs. He considered, the role of the private sector is very important and need huge investments.
"Because, from 14 developing countries in Asia Pacific need to be approximately $ 8 billion a year to achieve the MDGs," said Rajat, "in discussions about the MDGs in the title of the World Economic Forum on East Asia, in Jakarta on Monday (06/13/2011) .
The amount of financing and funding needs can be exploited by optimizing the revenue from the taxation sector. Because, he said, countries in Asia, have a collective level of taxes collected on average only 10 percent (tax ratio). It should be carried out not only boost the mobilization of tax revenue, but also improve the system and tax management.
UN Secretary General Special Adviser to Jeffrey Sanchs MDGs program proposed for optimizing the withdrawal of tax to fight poverty and achieve other MDG targets.
He emphasized that countries in Asia were asked not get your hopes up and rely on aid budgets of developed countries. "The United States does not have a policy of budgetary allocations for social programs. Wall Street bonuses are too large, so they forget to donate to poor countries, "said Sanchs.
Assistant Secretary-General of inter-agency policy coordination and Thomas Stelzer reaffirmed the commitments made by leaders of both developed and developing countries to achieve MDGs by 2015.
According to him, in the year, the level of welfare and community life of the world, including in Asia, should be better. Governments in each country have a hard enough task. Therefore, there is still one billion people are starving the world community. While poverty rates in Asia, have declined by 13-60 percent, and only the remaining 19 percent in East Asia.
Related to funding, in general, the investment will come in and can be maximized to finance the MDGs. The private sector must be embraced to not only invest for the sake of profit alone, but also care about social life.
Although less desirable, it still saw great potential for public funding through investments in social sector. "CSR can be done, but now also started to Corporate Social Investment," said Thomas. (GoFinance)
However, homework is piling up. Therefore, there are still 900 million people of Asian society living below the poverty line and 1.9 billion people who do not get the Asian community sanitation access, 450 million people access clean water difficulties.
Managing Director of Asian Development Bank, Rajat M. Nag Rajat claimed all this time his side has a role to help countries in Asia to achieve the millennium development targets.
He said the ADB has provided loans amounting to three times more specific for MDG-related programs. He considered, the role of the private sector is very important and need huge investments.
"Because, from 14 developing countries in Asia Pacific need to be approximately $ 8 billion a year to achieve the MDGs," said Rajat, "in discussions about the MDGs in the title of the World Economic Forum on East Asia, in Jakarta on Monday (06/13/2011) .
The amount of financing and funding needs can be exploited by optimizing the revenue from the taxation sector. Because, he said, countries in Asia, have a collective level of taxes collected on average only 10 percent (tax ratio). It should be carried out not only boost the mobilization of tax revenue, but also improve the system and tax management.
UN Secretary General Special Adviser to Jeffrey Sanchs MDGs program proposed for optimizing the withdrawal of tax to fight poverty and achieve other MDG targets.
He emphasized that countries in Asia were asked not get your hopes up and rely on aid budgets of developed countries. "The United States does not have a policy of budgetary allocations for social programs. Wall Street bonuses are too large, so they forget to donate to poor countries, "said Sanchs.
Assistant Secretary-General of inter-agency policy coordination and Thomas Stelzer reaffirmed the commitments made by leaders of both developed and developing countries to achieve MDGs by 2015.
According to him, in the year, the level of welfare and community life of the world, including in Asia, should be better. Governments in each country have a hard enough task. Therefore, there is still one billion people are starving the world community. While poverty rates in Asia, have declined by 13-60 percent, and only the remaining 19 percent in East Asia.
Related to funding, in general, the investment will come in and can be maximized to finance the MDGs. The private sector must be embraced to not only invest for the sake of profit alone, but also care about social life.
Although less desirable, it still saw great potential for public funding through investments in social sector. "CSR can be done, but now also started to Corporate Social Investment," said Thomas. (GoFinance)
::Supported by Egypt, Indonesia and the UAE, Lagarde More Self-Confidence>>
Go Finance Reporting in PARIS - French Finance Minister Christine Lagarde claims to have won support from Egypt, Indonesia and the United Arab Emirates (UAE) to occupy the chair the Director of the IMF.
In Cairo, Egyptian Foreign Minister Nabil al-Arabi, has announced support for Lagarde compared to two other candidates namely the Head of the Central Bank of Mexico Agustin Carsten and Central Bank of Israel Governor Stanley Fischer.
"The Egyptian government supports the candidature French Finance Minister Christine Lagarde to serve as managing director of the IMF," said al-Arabi, quoted by AFP news agency MENA on Monday (06/13/2011).
In response, Lagarde admitted very happy for the support he received from Egypt. "In this region, I have the honor after support from Bahrain and has support from other Arab countries," said Lagarde.
Meanwhile, Arab Emirate Union also expressed support for the UAE Minister of Finance expressed Humayd Obeid al-Tayer. While in Indonesia, the Finance Minister Agustin Martowardojo also expressed support for the figure depicting Lagarde Lagarde as a professional, highly skilled in the interaction between the organization and have high integrity and expertise.
With all the support that flowed to him, Lagarde said that he believed his chances to occupy the director's chair IMF more wide open.
"I am very confident, especially after a meeting in Egypt. We have a very good relationship," said Lagarde. (GoFinance)
In Cairo, Egyptian Foreign Minister Nabil al-Arabi, has announced support for Lagarde compared to two other candidates namely the Head of the Central Bank of Mexico Agustin Carsten and Central Bank of Israel Governor Stanley Fischer.
"The Egyptian government supports the candidature French Finance Minister Christine Lagarde to serve as managing director of the IMF," said al-Arabi, quoted by AFP news agency MENA on Monday (06/13/2011).
In response, Lagarde admitted very happy for the support he received from Egypt. "In this region, I have the honor after support from Bahrain and has support from other Arab countries," said Lagarde.
Meanwhile, Arab Emirate Union also expressed support for the UAE Minister of Finance expressed Humayd Obeid al-Tayer. While in Indonesia, the Finance Minister Agustin Martowardojo also expressed support for the figure depicting Lagarde Lagarde as a professional, highly skilled in the interaction between the organization and have high integrity and expertise.
With all the support that flowed to him, Lagarde said that he believed his chances to occupy the director's chair IMF more wide open.
"I am very confident, especially after a meeting in Egypt. We have a very good relationship," said Lagarde. (GoFinance)
::This is Main Obstacle Fischer If Being IMF Bos>>
Go Finance Reporting in JERUSALEM - Israeli Central Bank Governor Stanley Fischer helped enliven the bourse candidate for Director of the International Monetary Fund (IMF). But it turns out, there are major obstacles to be faced. What is it?
"One stumbling block could be his age Fischer. Fischer will be 68 years old next October. Where the IMF rules, a candidate for the Director of the IMF must be aged under 65 years. But we will continue to support it," said Yuval Steinitz Israeli Finance Minister, quoted by by AFP on Monday (06/13/2011).
The IMF executive Board consisting of 24 people, representing all members of the IMF, have targeted the end of June it reached one name of one candidate forward. However, other obstacles that will confront Fischer namely the state of Israel is not "popular" in Arab countries.
"The main task of the Fund is suitable for Fischer, like a glove, either because of education and experience exceptional. He has built the IMF, World Bank, and in the six years he has become an asset for the Israeli economy to become governor of the central bank," said Steinitz.
Steinitz said that Israel's goal is to support the bid and work together to help the success of Fischer. For your information, French Finance Minister Christine Lagarde, Governor of the central bank of Mexico Agustin Carstens is currently vying to fill the vacancy. (GoFinance)
"One stumbling block could be his age Fischer. Fischer will be 68 years old next October. Where the IMF rules, a candidate for the Director of the IMF must be aged under 65 years. But we will continue to support it," said Yuval Steinitz Israeli Finance Minister, quoted by by AFP on Monday (06/13/2011).
The IMF executive Board consisting of 24 people, representing all members of the IMF, have targeted the end of June it reached one name of one candidate forward. However, other obstacles that will confront Fischer namely the state of Israel is not "popular" in Arab countries.
"The main task of the Fund is suitable for Fischer, like a glove, either because of education and experience exceptional. He has built the IMF, World Bank, and in the six years he has become an asset for the Israeli economy to become governor of the central bank," said Steinitz.
Steinitz said that Israel's goal is to support the bid and work together to help the success of Fischer. For your information, French Finance Minister Christine Lagarde, Governor of the central bank of Mexico Agustin Carstens is currently vying to fill the vacancy. (GoFinance)
::Global pressures, IHSG closed lower 38 pts>>
Go Finance Reporting in JAKARTA - Despite the weakening of the index is not as bad as this afternoon, Composite Stock Price Index (IHSG) is still not able to escape from the pressures of global stock and must be willing to lose 38 points.
IHSG, on Monday (06/13/2011) evening closed down 38.89 points or one percent to 3748.76. LQ45 Index fell 6.86 points to 663.21 and the Jakarta Islamic Index (JII) fell 4.56 points to 515.97.
Trading volume today was recorded at 5.817 billion shares worth Rp 3, 782 trillion. Some 37 stocks advanced, 211 stocks fell, and 75 stocks remained unchanged in price. Foreign investors net selling action up to Rp55, 501 billion.
This afternoon Asian stocks started moving in both directions. The Hang Seng Index started to spread the green belt with reinforced up to 87.71 points, or 0.39 percent, to 22508.08. However, attenuation still occurs in the Nikkei 225 index by 66.23 points, or 0.7 percent, to 9448.21 and the Straits Times slipped 15.67 points, or 0.49 percent, to 3062.89.
In early trade in European markets are also dominated by weakness among the sinkhole's FTSE 100 index 81.54 points, or 1.39 percent, to 5774.5, followed by the DAX is down 10.10 points, or 0.14 percent ke7.059, 2 and CAC 40 thin down 1.77 points, or 0.05 percent to 3803.31.
Plantation sector recorded a weakening of the deepest of 42.88 points, followed by the mining sector, which fell 37.55 points.
Stocks that move strengthened (Top gainers) of them Japfa Comfeed PT Tbk (JPFA) rose Rp175 to Rp4.500, XL Axiata PT Tbk (EXCL) rose Rp150 to Rp5.950.
Meanwhile, stocks that move down (top lossers) of them Squibb Indonesia (SQBI) down Rp5.000 to Rp125.000, PT Gudang Garam Tbk (GGRM) down Rp1.600 to Rp43.750, PT Astra International Tbk (ASII) down Rp1.050 to Rp56.400. (GoFinance)
IHSG, on Monday (06/13/2011) evening closed down 38.89 points or one percent to 3748.76. LQ45 Index fell 6.86 points to 663.21 and the Jakarta Islamic Index (JII) fell 4.56 points to 515.97.
Trading volume today was recorded at 5.817 billion shares worth Rp 3, 782 trillion. Some 37 stocks advanced, 211 stocks fell, and 75 stocks remained unchanged in price. Foreign investors net selling action up to Rp55, 501 billion.
This afternoon Asian stocks started moving in both directions. The Hang Seng Index started to spread the green belt with reinforced up to 87.71 points, or 0.39 percent, to 22508.08. However, attenuation still occurs in the Nikkei 225 index by 66.23 points, or 0.7 percent, to 9448.21 and the Straits Times slipped 15.67 points, or 0.49 percent, to 3062.89.
In early trade in European markets are also dominated by weakness among the sinkhole's FTSE 100 index 81.54 points, or 1.39 percent, to 5774.5, followed by the DAX is down 10.10 points, or 0.14 percent ke7.059, 2 and CAC 40 thin down 1.77 points, or 0.05 percent to 3803.31.
Plantation sector recorded a weakening of the deepest of 42.88 points, followed by the mining sector, which fell 37.55 points.
Stocks that move strengthened (Top gainers) of them Japfa Comfeed PT Tbk (JPFA) rose Rp175 to Rp4.500, XL Axiata PT Tbk (EXCL) rose Rp150 to Rp5.950.
Meanwhile, stocks that move down (top lossers) of them Squibb Indonesia (SQBI) down Rp5.000 to Rp125.000, PT Gudang Garam Tbk (GGRM) down Rp1.600 to Rp43.750, PT Astra International Tbk (ASII) down Rp1.050 to Rp56.400. (GoFinance)
Friday, June 10, 2011
::South Korea's Central Bank Raises Rates Being 3.25%>>
Go Finance Reporting in SEOUL - South Korea's central bank (South Korea) raised its benchmark interest rate by 25 basis points to 3.25 percent. The increase in interest rates this as a step to curb inflationary pressures.
Quoted by AFP on Friday (06/10/2011), increases in interest rates this June is the third year. Although the data show a slowing of economic recovery at home and abroad.
Bank of Korea had an unexpected freeze interest rates in May for the second month in a row, following economic uncertainty. The indicators, among others, volatility in oil prices and the debt crisis in the eurozone.
For your information, now South Korea's central bank has raised borrowing costs at 1.25 percent in five steps since July last year. (GoFinance)
Quoted by AFP on Friday (06/10/2011), increases in interest rates this June is the third year. Although the data show a slowing of economic recovery at home and abroad.
Bank of Korea had an unexpected freeze interest rates in May for the second month in a row, following economic uncertainty. The indicators, among others, volatility in oil prices and the debt crisis in the eurozone.
For your information, now South Korea's central bank has raised borrowing costs at 1.25 percent in five steps since July last year. (GoFinance)
::U.S. Export Data Leads Wall Street to the Green Line>>
Go Finance Reporting in NEW YORK - Good news finally came after a Wall Street trading floor was embroiled in a cloud for a week.
As quoted by the Associated Press (AP), Friday (06/10/2011), reports that U.S. exports reached a record high in April, bringing the positive impact that makes the shares on Wall Street rose sharply. This is caused by investor optimism after a week of economic recovery is bleak economic progress.
The Dow Jones industrial average rose 75.42 points, or 0.6 percent, to 12124.36 position. The broader Standard & Poor's 500 index rose 9.44 points, or 0.7 percent, to 1289.00. Nasdaq Composite Index rose 9.49 points, or 0.4 percent, to 2684.87.
This positive result to break the deadlock over the six days and marks the first time the stock rose in June. Shares have dropped following a bad report on manufacturing, home sales, recruitment and consumer confidence.
The decline during this week to make stock market appears relatively cheap. S & P 500 Index has lost 6.2 percent for six days.
"The movement of the market like a swinging pendulum. The decline was already quite strong, and current conditions you can easily predict that the market 'breathe'" said chief economist for JPMorgan Private Wealth Anthony Chan.
A shrinking trade deficit is a sign that the goods from U.S. manufacturers become more competitive in overseas markets. U.S. companies sell more computers, heavy machinery and telecommunications equipment overseas in April compared with the previous month. Meanwhile, imports decreased because fewer cars are purchased from Japan after a plant is damaged by the earthquake and tsunami disaster that struck the country.
Meanwhile, a report on unemployment benefit claims was in line with the expectation that new applications will be roughly the same. Labor Department reported that new jobless claims edged up 1,000 to 427 thousand. Economists expect the decline a bit. The high level of claims indicates that the job market is still slow.
Advertising companies, the Group of Cos. jumped 6.4 percent was recorded, most companies in the S & P 500 index, after ratings agency Moody's raised ratings on the company.
While the spike in oil prices has also made energy stocks higher. Energy companies in the S & P 500 index rose 1.2 percent. Crude oil rose $ 1, 19 to settle at USD101, 93.
The movement of shares have been slipping since mid-April as investors became worried that the U.S. economy has slowed. Rising oil prices, the Japanese tsunami and disaster risk nuclear and Greece might default on the debt has caused investors to lower their estimates for U.S. economic growth this year. Today, the consolidation of the trading volume was 3.5 billion shares. (GoFinance)
As quoted by the Associated Press (AP), Friday (06/10/2011), reports that U.S. exports reached a record high in April, bringing the positive impact that makes the shares on Wall Street rose sharply. This is caused by investor optimism after a week of economic recovery is bleak economic progress.
The Dow Jones industrial average rose 75.42 points, or 0.6 percent, to 12124.36 position. The broader Standard & Poor's 500 index rose 9.44 points, or 0.7 percent, to 1289.00. Nasdaq Composite Index rose 9.49 points, or 0.4 percent, to 2684.87.
This positive result to break the deadlock over the six days and marks the first time the stock rose in June. Shares have dropped following a bad report on manufacturing, home sales, recruitment and consumer confidence.
The decline during this week to make stock market appears relatively cheap. S & P 500 Index has lost 6.2 percent for six days.
"The movement of the market like a swinging pendulum. The decline was already quite strong, and current conditions you can easily predict that the market 'breathe'" said chief economist for JPMorgan Private Wealth Anthony Chan.
A shrinking trade deficit is a sign that the goods from U.S. manufacturers become more competitive in overseas markets. U.S. companies sell more computers, heavy machinery and telecommunications equipment overseas in April compared with the previous month. Meanwhile, imports decreased because fewer cars are purchased from Japan after a plant is damaged by the earthquake and tsunami disaster that struck the country.
Meanwhile, a report on unemployment benefit claims was in line with the expectation that new applications will be roughly the same. Labor Department reported that new jobless claims edged up 1,000 to 427 thousand. Economists expect the decline a bit. The high level of claims indicates that the job market is still slow.
Advertising companies, the Group of Cos. jumped 6.4 percent was recorded, most companies in the S & P 500 index, after ratings agency Moody's raised ratings on the company.
While the spike in oil prices has also made energy stocks higher. Energy companies in the S & P 500 index rose 1.2 percent. Crude oil rose $ 1, 19 to settle at USD101, 93.
The movement of shares have been slipping since mid-April as investors became worried that the U.S. economy has slowed. Rising oil prices, the Japanese tsunami and disaster risk nuclear and Greece might default on the debt has caused investors to lower their estimates for U.S. economic growth this year. Today, the consolidation of the trading volume was 3.5 billion shares. (GoFinance)
::Lagarde Welcomed China, Carstens to India>>
Go Finance Reporting in BEIJING - Candidates Managing Director of the International Monetary Fund (IMF), Christine Lagarde expressed receives the impression of "positive" during a visit to China yesterday. The arrival of the French Finance Minister to the State Panda is done to garner support after the previous stop in India and Brazil.
In an interview with AFP, Lagarde said that she wanted to become the first woman in the IMF who served as managing director. It was revealed after he held talks with Chinese officials in a marathon on Wednesday (06/08/2011) in Beijing.
Previously, China, India and other developing countries trying to thwart the traditional domination of European countries on leadership at the IMF.
Developing countries assess the rule which has been used is outdated. However, so far developing countries refused to express opinions in public about his candidacy.
"I am very satisfied with the meeting in China. I feel very positive follow this conversation but it's up to them to convey the decision, "he said.
Lagarde said, fine if China wants to increase the representativeness of the IMF. He also praised Beijing's efforts in enabling the growth of the yuan as a positive step.
During the 55-year-old Beijing woman who is a former international lawyer is to meet with Foreign Minister Yang Jiechi, China's central bank governor Zhou Xiaochuan, Minister of Finance Xie Xuren, and Vice Prime Minister Wang Qishan.
Chinese Foreign Minister Yang Jiechi said, the competition to lead the IMF is very open. According to him, the meeting Lagarde convey a warm response as did the Finance Minister of India Pranab Mukherjee in New Delhi Tuesday, June 7 last.
In the meantime, the only serious competitor in the election of IMF Managing Director is the Governor of Central Bank of Mexico Agustin Carstens. Just as Lagarde, Carstens also heavily made visits to other countries to build support. Finally, he traveled to Canada on Tuesday (06/07/2011) then. He also scheduled a visit to India today after the previous visit to Argentina and Brazil.
From New Delhi, Indian Finance Minister Pranab Mukherjee said India's decision to support the candidate led the IMF is in the hands of Prime Minister Manmohan Singh. (GoFinance)
In an interview with AFP, Lagarde said that she wanted to become the first woman in the IMF who served as managing director. It was revealed after he held talks with Chinese officials in a marathon on Wednesday (06/08/2011) in Beijing.
Previously, China, India and other developing countries trying to thwart the traditional domination of European countries on leadership at the IMF.
Developing countries assess the rule which has been used is outdated. However, so far developing countries refused to express opinions in public about his candidacy.
"I am very satisfied with the meeting in China. I feel very positive follow this conversation but it's up to them to convey the decision, "he said.
Lagarde said, fine if China wants to increase the representativeness of the IMF. He also praised Beijing's efforts in enabling the growth of the yuan as a positive step.
During the 55-year-old Beijing woman who is a former international lawyer is to meet with Foreign Minister Yang Jiechi, China's central bank governor Zhou Xiaochuan, Minister of Finance Xie Xuren, and Vice Prime Minister Wang Qishan.
Chinese Foreign Minister Yang Jiechi said, the competition to lead the IMF is very open. According to him, the meeting Lagarde convey a warm response as did the Finance Minister of India Pranab Mukherjee in New Delhi Tuesday, June 7 last.
In the meantime, the only serious competitor in the election of IMF Managing Director is the Governor of Central Bank of Mexico Agustin Carstens. Just as Lagarde, Carstens also heavily made visits to other countries to build support. Finally, he traveled to Canada on Tuesday (06/07/2011) then. He also scheduled a visit to India today after the previous visit to Argentina and Brazil.
From New Delhi, Indian Finance Minister Pranab Mukherjee said India's decision to support the candidate led the IMF is in the hands of Prime Minister Manmohan Singh. (GoFinance)
::Rupiah Back Stronger in Final Week>>
Go Finance Reporting in JAKARTA - The rupiah strengthened to move back this weekend. However, it turns out stronger dollar also began to move.
Amount, according to the exchange rate of Bank Indonesia (BI) on Friday (06/10/2011) rose to Rp8.518 per USD compared with the previous trading period in Rp8.523 per USD.
Meanwhile, according yahoofinance, the rupiah is on Rp8.522 per USD with a daily trading range in Rp8.502-Rp8.522 per USD. The value of the dollar was also observed in other currencies strengthened. As a result, the euro fell to Rp1, 4472 as the USD and pound weakened to 1.6263 per U.S. dollar.
Previously, the Board of Governors (RDG) of Bank Indonesia yesterday, Thursday (09/06/2011) define BI benchmark rate at 6.75 percent fixed rate. According to the Indonesian Securities analyst Samuel Lana Soelistianingsih these decisions in accordance with the expectations of analysts and the market so neutral reaction to this decision.
BI rate could still survive because the inflation rate from January to May is still relatively low at 0.51 percent. Although the next three months there was a trend rise in inflation rate because of the seasons that the new school year in July, fasting and feast day in August.
But Lana estimate the BI rate could still survive at 6.75 percent, and there will only increase once more (25 bps) in the fourth quarter of 2011 to seven percent if inflation pressures rise. (GoFinance)
Amount, according to the exchange rate of Bank Indonesia (BI) on Friday (06/10/2011) rose to Rp8.518 per USD compared with the previous trading period in Rp8.523 per USD.
Meanwhile, according yahoofinance, the rupiah is on Rp8.522 per USD with a daily trading range in Rp8.502-Rp8.522 per USD. The value of the dollar was also observed in other currencies strengthened. As a result, the euro fell to Rp1, 4472 as the USD and pound weakened to 1.6263 per U.S. dollar.
Previously, the Board of Governors (RDG) of Bank Indonesia yesterday, Thursday (09/06/2011) define BI benchmark rate at 6.75 percent fixed rate. According to the Indonesian Securities analyst Samuel Lana Soelistianingsih these decisions in accordance with the expectations of analysts and the market so neutral reaction to this decision.
BI rate could still survive because the inflation rate from January to May is still relatively low at 0.51 percent. Although the next three months there was a trend rise in inflation rate because of the seasons that the new school year in July, fasting and feast day in August.
But Lana estimate the BI rate could still survive at 6.75 percent, and there will only increase once more (25 bps) in the fourth quarter of 2011 to seven percent if inflation pressures rise. (GoFinance)
::Troubled, IHSG Back Down 5 Points>>
Go Finance Reporting in JAKARTA - fresh wind that blows on the trading floor this morning apparently did not last long. Pressure from regional exchanges still make Composite Stock Price Index (IHSG) giddy pace and must be willing to lose five points at the close of trading this afternoon.
IHSG, on Friday (06/10/2011) I closed the session down 5.73 points, or 0.15 percent to 3800.46. LQ45 Index fell 1.8 points to 671.59 and the Jakarta Islamic Index also fell 2.96 points to 522.63.
The volume of trade until this afternoon, there were 2.255 billion shares valued at Rp1, 054 trillion. As many as 90 stocks advanced, 100 stocks down and 111 stocks are not moving.
Asian stocks are still shaded by clouds that make some moves leading stock negative. The Hang Seng index still declined 155.13 points, or 0.69 percent to 22,454.7, followed by the Straits Times index falling 6.93 points, or 0.22 percent, to 3090.64. While the Nikkei 225 still survive in the green belt with a strengthening of 90.07 points, or 0.95 percent, to 9557.22.
The mining sector is still weak up to 16.17 points, followed by the plantation sector fell 7.4 points, while private consumption rose by 5.67 points.
Stocks that move strengthened (Top gainers) including PT Dian Swastatika Tbk (DSSA) rose Rp1.950, PT Bukit Asam Tbk (PTBA) rose Rp200 to Rp21.150 and PT SMART Tbk (SMAR) rose Rp200 to Rp7.100.
Meanwhile, stocks that move down (top lossers) including PT Adira Multifinance Tbk (ADMF) down Rp1.100 to Rp13.600, PT Astra International Tbk (ASII) down Rp1.100, PT Bayan Resources Tbk (ITMG) down Rp550 to Rp46.650. (GoFinance)
IHSG, on Friday (06/10/2011) I closed the session down 5.73 points, or 0.15 percent to 3800.46. LQ45 Index fell 1.8 points to 671.59 and the Jakarta Islamic Index also fell 2.96 points to 522.63.
The volume of trade until this afternoon, there were 2.255 billion shares valued at Rp1, 054 trillion. As many as 90 stocks advanced, 100 stocks down and 111 stocks are not moving.
Asian stocks are still shaded by clouds that make some moves leading stock negative. The Hang Seng index still declined 155.13 points, or 0.69 percent to 22,454.7, followed by the Straits Times index falling 6.93 points, or 0.22 percent, to 3090.64. While the Nikkei 225 still survive in the green belt with a strengthening of 90.07 points, or 0.95 percent, to 9557.22.
The mining sector is still weak up to 16.17 points, followed by the plantation sector fell 7.4 points, while private consumption rose by 5.67 points.
Stocks that move strengthened (Top gainers) including PT Dian Swastatika Tbk (DSSA) rose Rp1.950, PT Bukit Asam Tbk (PTBA) rose Rp200 to Rp21.150 and PT SMART Tbk (SMAR) rose Rp200 to Rp7.100.
Meanwhile, stocks that move down (top lossers) including PT Adira Multifinance Tbk (ADMF) down Rp1.100 to Rp13.600, PT Astra International Tbk (ASII) down Rp1.100, PT Bayan Resources Tbk (ITMG) down Rp550 to Rp46.650. (GoFinance)
Thursday, June 9, 2011
::Gold Prices Rise Thin on Middle Weakening Dollar>>
Go Finance Reporting in SINGAPORE - The price of gold was observed to be rallying on the weakening United States dollar (U.S.) and a stronger euro, supported by expectations the European Central Bank (ECB), the signaling will raise interest rates.
As quoted by Reuters on Thursday (06/09/2011), in the spot market price of gold rose $ 1, 39 to USD1.538, 19 per ounce. At previous sessions, the gold price had dropped half a percent. Gold in U.S. GCcv1 slightly changed to USD1.539, 40.
The price of gold has moved in the range of USD1.530-USD1.550 this week, with market players are still looking for clues on U.S. monetary policy related to subsequent stimuli.
Fitch downgraded the U.S. warned it would be a sovereign default in August if the government fails to pay the debt securities that mature on August 15.
Investors are still waiting for the tribe by the European Central Bank (ECB) to which is likely to raise interest rates in July. (GoFinance)
As quoted by Reuters on Thursday (06/09/2011), in the spot market price of gold rose $ 1, 39 to USD1.538, 19 per ounce. At previous sessions, the gold price had dropped half a percent. Gold in U.S. GCcv1 slightly changed to USD1.539, 40.
The price of gold has moved in the range of USD1.530-USD1.550 this week, with market players are still looking for clues on U.S. monetary policy related to subsequent stimuli.
Fitch downgraded the U.S. warned it would be a sovereign default in August if the government fails to pay the debt securities that mature on August 15.
Investors are still waiting for the tribe by the European Central Bank (ECB) to which is likely to raise interest rates in July. (GoFinance)
::Movement Economy Slows Press Wall Street Continues>>
Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) again closed lower for the sixth time in line with investor worries that the economic slowdown will make the stock market went backwards.
The latest evidence of economic slowdown comes from the Federal Reserve's Beige Book, which provides anecdotal reports of the economy. This is reinforced rating Fed Governor Ben Bernanke, he said economic growth was slowing.
The atmosphere worsened market when Bernanke did not give instructions step the U.S. central bank is then, whether the central bank will offer a third round of stimulus to the economy or not. Beige Book said the price of food becomes more expensive, so is the price of energy. This is also due to supply disruptions from the earthquake in Japan.
The stock market is still recorded a rise during the year. But the slowdown that occurred this makes the increase is growing thin. Dow on May 2 and up 10.6 percent so far this year, now only go up 4.1 percent.
S & P which recorded its highest level on May 2, due to rise 8.2 percent also now only up 1.7 percent. And Nasdaq that on May 2, up eight percent this year, now it's just a rose by 0.9 percent.
Pres-sure the stock market plummeted recently due to pressure from weak economic data, especially in the labor market. "Investors are again pessimistic after Bernanke's sure going economic slowdown," said Albion Financial Group analyst Jason L Were as quoted by Reuters in Salt Lake City, Utah.
At the close of trading on Wednesday (06/08/2011), the Dow Jones industrial fell 21.87 points, or 0.18 to 12048.94. The Standard & Poor's 500 index dropped 5.38 points, or 0.42 percent, to 1279.56. And the Nasdaq Composite Index fell 26.18 points, or 0.97 percent to 2675.38. (GoFinance)
The latest evidence of economic slowdown comes from the Federal Reserve's Beige Book, which provides anecdotal reports of the economy. This is reinforced rating Fed Governor Ben Bernanke, he said economic growth was slowing.
The atmosphere worsened market when Bernanke did not give instructions step the U.S. central bank is then, whether the central bank will offer a third round of stimulus to the economy or not. Beige Book said the price of food becomes more expensive, so is the price of energy. This is also due to supply disruptions from the earthquake in Japan.
The stock market is still recorded a rise during the year. But the slowdown that occurred this makes the increase is growing thin. Dow on May 2 and up 10.6 percent so far this year, now only go up 4.1 percent.
S & P which recorded its highest level on May 2, due to rise 8.2 percent also now only up 1.7 percent. And Nasdaq that on May 2, up eight percent this year, now it's just a rose by 0.9 percent.
Pres-sure the stock market plummeted recently due to pressure from weak economic data, especially in the labor market. "Investors are again pessimistic after Bernanke's sure going economic slowdown," said Albion Financial Group analyst Jason L Were as quoted by Reuters in Salt Lake City, Utah.
At the close of trading on Wednesday (06/08/2011), the Dow Jones industrial fell 21.87 points, or 0.18 to 12048.94. The Standard & Poor's 500 index dropped 5.38 points, or 0.42 percent, to 1279.56. And the Nasdaq Composite Index fell 26.18 points, or 0.97 percent to 2675.38. (GoFinance)
::Rupiah Depressed U.S. Dollars>>
Go Finance Reporting in JAKARTA - The rupiah weakened slightly in trading this time. Whereas the United States dollar (U.S.) seems to weaken against the euro.
Amount, according to the exchange rate of Bank Indonesia (BI) on Thursday (06/09/2011) is on the level of Rp8.523 per USD, up thin when compared with the period of the previous day in Rp8.521 per USD.
Meanwhile, according yahoofinance, the rupiah is on Rp8.517 per USD, with daily trading range in Rp8.502-Rp8.522 per USD. On the other hand, was observed to weaken the U.S. dollar value of a number of other currencies. Thus, the euro rose to 1.4635 per USD, as well as pounds rose to 1.6452 per U.S. dollar.
Foreign exchange market this time is quite affected by the commodities market. Where for the first time in 20 years of its inception, OPEC production failed to reach agreement. Six countries rejected the proposal of Saudi Arabia to increase production when prices are above USD100 per barrel.
Saudi Arabia as the country's largest oil producer in OPEC along with Kuwait, Qatar and the UAE proposed increase in production by 1.5 million barrels per day so that to 30.5 million barrels per day of production is now about 28.8 million bpd. The proposal was rejected by Iran, OPEC's second largest producer along with Venezuela.
Meanwhile, demand for OPEC oil is expected to reach 30.87 million bpd for the third-quarter 2011. Bloomberg's survey indicates OPEC supply will not change from its current position, at the same time demand is expected to increase so that crude prices still have a potential to increase by the third-quarter 2011. (GoFinance)
Amount, according to the exchange rate of Bank Indonesia (BI) on Thursday (06/09/2011) is on the level of Rp8.523 per USD, up thin when compared with the period of the previous day in Rp8.521 per USD.
Meanwhile, according yahoofinance, the rupiah is on Rp8.517 per USD, with daily trading range in Rp8.502-Rp8.522 per USD. On the other hand, was observed to weaken the U.S. dollar value of a number of other currencies. Thus, the euro rose to 1.4635 per USD, as well as pounds rose to 1.6452 per U.S. dollar.
Foreign exchange market this time is quite affected by the commodities market. Where for the first time in 20 years of its inception, OPEC production failed to reach agreement. Six countries rejected the proposal of Saudi Arabia to increase production when prices are above USD100 per barrel.
Saudi Arabia as the country's largest oil producer in OPEC along with Kuwait, Qatar and the UAE proposed increase in production by 1.5 million barrels per day so that to 30.5 million barrels per day of production is now about 28.8 million bpd. The proposal was rejected by Iran, OPEC's second largest producer along with Venezuela.
Meanwhile, demand for OPEC oil is expected to reach 30.87 million bpd for the third-quarter 2011. Bloomberg's survey indicates OPEC supply will not change from its current position, at the same time demand is expected to increase so that crude prices still have a potential to increase by the third-quarter 2011. (GoFinance)
::Session I, IHSG is still weary!>>
Go Finance reporting in JAKARTA - The pressure of global markets still make trades Composite Stock Price Index (IHSG) is still cautious and even tended to wilt.
IHSG, on Thursday (06/09/2011) I closed the session down 14.13 points, or 0.4 percent, to 3811.69. LQ45 Index fell 3.54 points to 674.27 and the Jakarta Islamic Index (JII) fell 3.05 points to 525.5.
Trading volume stood at 2.595 billion shares valued at Rp2, 093 trillion. As many as 64 stocks advanced, 142 stocks fell, and 99 stocks remained unchanged in price. Foreign investors choose to sell with the net selling value of Rp162, 46 billion.
Plantation sector was the only sector that was in the green belt with reinforced up to 22.35 points. Meanwhile, the mining sector led the slowdown in the sector fell 14.54 points, followed by a decreased consumption of 5.78 points.
Stocks that move strengthened (Top gainers) including PT Multi Bintang Indonesia Tbk (MLBI) rose Rp2.000 to Rp350.000, PT MAP Tbk (MAPI) rose Rp175 to Rp3.675 and newcomers, PT Salim Ivomas Pratama Tbk (SIMP) (SIMP) rose Rp 120 to Rp1.220.
Meanwhile, stocks that move down (top lossers) including PT Gudang Garam Tbk (GGRM) down Rp750 to Rp44.800, PT Astra International Tbk (ASII) down Rp550 and PT Dian Swastatika Sentosa Tbk (DSSA) down 350 to 15,000 . (GoFinance)
IHSG, on Thursday (06/09/2011) I closed the session down 14.13 points, or 0.4 percent, to 3811.69. LQ45 Index fell 3.54 points to 674.27 and the Jakarta Islamic Index (JII) fell 3.05 points to 525.5.
Trading volume stood at 2.595 billion shares valued at Rp2, 093 trillion. As many as 64 stocks advanced, 142 stocks fell, and 99 stocks remained unchanged in price. Foreign investors choose to sell with the net selling value of Rp162, 46 billion.
Plantation sector was the only sector that was in the green belt with reinforced up to 22.35 points. Meanwhile, the mining sector led the slowdown in the sector fell 14.54 points, followed by a decreased consumption of 5.78 points.
Stocks that move strengthened (Top gainers) including PT Multi Bintang Indonesia Tbk (MLBI) rose Rp2.000 to Rp350.000, PT MAP Tbk (MAPI) rose Rp175 to Rp3.675 and newcomers, PT Salim Ivomas Pratama Tbk (SIMP) (SIMP) rose Rp 120 to Rp1.220.
Meanwhile, stocks that move down (top lossers) including PT Gudang Garam Tbk (GGRM) down Rp750 to Rp44.800, PT Astra International Tbk (ASII) down Rp550 and PT Dian Swastatika Sentosa Tbk (DSSA) down 350 to 15,000 . (GoFinance)
Wednesday, June 8, 2011
::Being a Director of the IMF's, Lagarde "persuasion" China>>
Go Finance Reporting in BEIJING - French Finance Minister Christine Lagarde who nominate themselves as the Director of the IMF to end its campaign by meeting with senior Chinese officials in Beijing. China is the last stop after a number of its global tour to convince developing countries on his nomination as head of the IMF.
Lagarde, 55, had previously been a lawyer will become the first woman to be appointed as Director of the IMF, has made visits to India and China from India where he did not gain support.
As quoted by AFP on Wednesday (06/08/2011), India and China are two of the country's most influential developments in support of traditional European key as the leader of the world monetary institution based in Washington so that their support is expected to be able to support the candidacy Lagarde.
Lagarde is seen as a strong replacement candidate Dominique Strauss-Kahn, who resigned last month after being accused of sexual assault. Earlier, French government spokesman Francosi Baroin regard China as a key to success Lagarde nomination, but apparently has not been proven.
Meanwhile, Chinese Foreign Ministry asserted that the election of the Director of the IMF should be based on openness and transparency and better coming from developing countries better reflect changes in world economic structure.
Earlier, Lagarde also already visited Brazil and promised to reform the IMF is to provide more opportunities for developing countries.
The only serious opponent Lagarde to occupy the chair is the Director of the IMF's central bank governor of Mexico Agustin Carstens who also has made an approach to a number of countries such as Canada, India, Brazil, and Argentina. The deadline for submission of candidate names Director of the IMF is on Friday, a very narrow time for newcomers to nominate themselves. (GoFinance)
Lagarde, 55, had previously been a lawyer will become the first woman to be appointed as Director of the IMF, has made visits to India and China from India where he did not gain support.
As quoted by AFP on Wednesday (06/08/2011), India and China are two of the country's most influential developments in support of traditional European key as the leader of the world monetary institution based in Washington so that their support is expected to be able to support the candidacy Lagarde.
Lagarde is seen as a strong replacement candidate Dominique Strauss-Kahn, who resigned last month after being accused of sexual assault. Earlier, French government spokesman Francosi Baroin regard China as a key to success Lagarde nomination, but apparently has not been proven.
Meanwhile, Chinese Foreign Ministry asserted that the election of the Director of the IMF should be based on openness and transparency and better coming from developing countries better reflect changes in world economic structure.
Earlier, Lagarde also already visited Brazil and promised to reform the IMF is to provide more opportunities for developing countries.
The only serious opponent Lagarde to occupy the chair is the Director of the IMF's central bank governor of Mexico Agustin Carstens who also has made an approach to a number of countries such as Canada, India, Brazil, and Argentina. The deadline for submission of candidate names Director of the IMF is on Friday, a very narrow time for newcomers to nominate themselves. (GoFinance)
::Gold Prices Stable In The Middle Of The Fed's Statement>>
Go Finance Reporting in SINGAPORE - The price of gold was observed to stabilize in the middle of the weakening United States dollar (U.S.) after Federal Reserve Governor Ben Bernanke acknowledged the economic slowdown in growth momentum. But he did not give further clues about the stimulus.
As quoted by Reuters on Wednesday (08/06/2011), the gold price moves only slightly to USD1.544, 26 per ounce. Gold in the U.S. GCcv1 also stable at USD1.545, 40.
The price of gold failed to penetrate the psychological level of USD1.550 for the second time, while positive sentiment came from Bernanke's comments on growth slow, but gold failed to stay above that level because there is no certainty about the continued stimulus package.
While the value of silver fell 0.2 percent to USD37, 04 per ounce, this means the silver price fell for three consecutive days. Silver U.S. SIcv1 moving flat at the level of USD37, 04.
While the value of U.S. dollar fell to its lowest position in the past month over other currencies. (GoFinance)
As quoted by Reuters on Wednesday (08/06/2011), the gold price moves only slightly to USD1.544, 26 per ounce. Gold in the U.S. GCcv1 also stable at USD1.545, 40.
The price of gold failed to penetrate the psychological level of USD1.550 for the second time, while positive sentiment came from Bernanke's comments on growth slow, but gold failed to stay above that level because there is no certainty about the continued stimulus package.
While the value of silver fell 0.2 percent to USD37, 04 per ounce, this means the silver price fell for three consecutive days. Silver U.S. SIcv1 moving flat at the level of USD37, 04.
While the value of U.S. dollar fell to its lowest position in the past month over other currencies. (GoFinance)
::Bernanke Comments Trigger Down Dow Jones Cs>>
Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) again closed lower for the fifth time since triggered a statement from the governor of the U.S. central bank (Federal Reserve) Ben Bernanke.
Actually, the stock market began to show signs will be strengthened because the stock index began its lowest level in two months in the previous session. But Bernanke's statement reversing the sentiment.
Bernanake acknowledges the economic slowdown, but he did not provide a solution. He said the central bank was considering further monetary stimulus measures to support economic growth.
Bernanke also issued a stern warning to lawmakers in Washington who is considering budget cuts to make aggressively. He said the members of this council has the potential to derail the economic recovery.
"It should not be like that, the market expects a positive comment from him. But even this impact is negative. But I think the impact will be limited. I do not see this will also affect the market tomorrow," said managing director at Wedbush Morgan as quoted by Stephen Massocca Reuters in San Francisco.
Bernanke indicates the latest bout of economic weakness may not last long and must give way to some growth in the second half of this year.
In late trading on Tuesday (06/07/2011) local time, the Dow Jones industrial fell 19.15 points, or 0.16 percent, to 12070.81. The broader Standard & Poor's 500 index dropped 1.23 points, or 0.10 percent to 1284.94. The Nasdaq Composite Index fell 1.00 points, or 0.04 percent, to 2701.56. (GoFinance)
Actually, the stock market began to show signs will be strengthened because the stock index began its lowest level in two months in the previous session. But Bernanke's statement reversing the sentiment.
Bernanake acknowledges the economic slowdown, but he did not provide a solution. He said the central bank was considering further monetary stimulus measures to support economic growth.
Bernanke also issued a stern warning to lawmakers in Washington who is considering budget cuts to make aggressively. He said the members of this council has the potential to derail the economic recovery.
"It should not be like that, the market expects a positive comment from him. But even this impact is negative. But I think the impact will be limited. I do not see this will also affect the market tomorrow," said managing director at Wedbush Morgan as quoted by Stephen Massocca Reuters in San Francisco.
Bernanke indicates the latest bout of economic weakness may not last long and must give way to some growth in the second half of this year.
In late trading on Tuesday (06/07/2011) local time, the Dow Jones industrial fell 19.15 points, or 0.16 percent, to 12070.81. The broader Standard & Poor's 500 index dropped 1.23 points, or 0.10 percent to 1284.94. The Nasdaq Composite Index fell 1.00 points, or 0.04 percent, to 2701.56. (GoFinance)
::Stronger, Rupiah Not Translucent Level Rp8.500/USD>>
Go Finance Reporting in JAKARTA - The rupiah strengthened to move along with the pressure that occurs in the economy, the United States (U.S.) and create pressure on the U.S. dollar value.
Amount, according to the exchange rate of Bank Indonesia (BI) on Wednesday (06/08/2011) rose to Rp8.521 per USD compared with the previous trading period in Rp8.529 per USD.
According yahoofinance, parking in Rp8.517 rupiah per USD with a range of trade in Rp8.492-Rp8.517 per USD. Dollar value also was observed to start moving gained over a number of other currencies. Thus, the euro weakened to 1.4649 per USD, and weakened to 1.6371 pounds per U.S. dollar.
Fed Governor Ben Bernanke, Bernanke said that monetary policy stimulus is still needed to push the U.S. economy was saying as losing momentum and frustratingly slow. The condition was also aggravated by the rising price of energy (fuel), which makes the consumer loses purchasing power.
However, rising U.S. inflation still considered temporary. Personal consumption expenditures (PCE) price index excluding food and fuel rose one per cent recorded yoy in April, still far below the estimated PCE set by the Fed last April at 1.7 percent-2 percent.
The U.S. economy is still below its potential capacity, seen from the increasing unemployment rate of nine percent in April to 9.1 percent in May. Although many analysts began to discuss the quantitative easing III but Bernanke did not mention specific policies to be carried out by the Fed.
At least in U.S. interest rates still low as it will survive this time until the U.S. economic recovery is said to be stable. (GoFinance)
Amount, according to the exchange rate of Bank Indonesia (BI) on Wednesday (06/08/2011) rose to Rp8.521 per USD compared with the previous trading period in Rp8.529 per USD.
According yahoofinance, parking in Rp8.517 rupiah per USD with a range of trade in Rp8.492-Rp8.517 per USD. Dollar value also was observed to start moving gained over a number of other currencies. Thus, the euro weakened to 1.4649 per USD, and weakened to 1.6371 pounds per U.S. dollar.
Fed Governor Ben Bernanke, Bernanke said that monetary policy stimulus is still needed to push the U.S. economy was saying as losing momentum and frustratingly slow. The condition was also aggravated by the rising price of energy (fuel), which makes the consumer loses purchasing power.
However, rising U.S. inflation still considered temporary. Personal consumption expenditures (PCE) price index excluding food and fuel rose one per cent recorded yoy in April, still far below the estimated PCE set by the Fed last April at 1.7 percent-2 percent.
The U.S. economy is still below its potential capacity, seen from the increasing unemployment rate of nine percent in April to 9.1 percent in May. Although many analysts began to discuss the quantitative easing III but Bernanke did not mention specific policies to be carried out by the Fed.
At least in U.S. interest rates still low as it will survive this time until the U.S. economic recovery is said to be stable. (GoFinance)
::IHSG closed lower 17 pts>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) feel at home in the red lane and closed lost 17 points due to negative sentiment carried away that hit the global market.
IHSG, on Wednesday (06/08/2011) afternoon closed down 17.13 points, or 0.4 percent, to 3825.82. LQ45 Index fell 4.33 points to 677.81 and the Jakarta Islamic Index (JII) fell 2.56 points to 528.55.
Trading volume today was recorded at 7.527 billion shares valued at Rp6, 295 trillion. As many as 89 stocks advanced, 163 stocks fell, and 82 shares remain stagnant. Foreign investors registered net selling of conduct amounting to Rp119, 11 billion.
Meanwhile, in Asia, the Nikkei 225 this afternoon was observed to reverse direction to a positive 6.51 points to 9449.46. While the Hang Seng is still sinking 207.04 points to 22,661.63 and the Straits Times fell 11.4 points to 3104.55.
In European markets also begin trading today with a bandaged negative sentiment. The FTSE 100 index fell 49.24 points to 5815.41, the CAC 40 fell 28.43 points to 3843.49 and the DAX sinkhole 72.79 points, or 7030.46.
IHSG plantation sector weakness led by a decline of 15.86 points, followed by the consumption sector is down 6.93 points.
Stocks that move strengthened (Top gainers) including PT Multi Bintang Indonesia Tbk (MLBI) rose Rp8.000 to Rp348.000, PT Merck Tbk (MERK) rose Rp2.000 to Rp105.000 and PT Delta Djakarta Tbk (DLTA) rose Rp1.500 to Rp118.500.
Meanwhile, stocks that move down (top lossers) of them Multibreeder Indonesia Tbk PT (MBAI) down Rp950 to Rp25.050, PT Dian Swastatika Sentosa Tbk (DSSA) down 650 to Rp15.350 and PT Indocement Tunggal Prakasa Tbk (INTP) down Rp550 to Rp16.900. (GoFinance)
IHSG, on Wednesday (06/08/2011) afternoon closed down 17.13 points, or 0.4 percent, to 3825.82. LQ45 Index fell 4.33 points to 677.81 and the Jakarta Islamic Index (JII) fell 2.56 points to 528.55.
Trading volume today was recorded at 7.527 billion shares valued at Rp6, 295 trillion. As many as 89 stocks advanced, 163 stocks fell, and 82 shares remain stagnant. Foreign investors registered net selling of conduct amounting to Rp119, 11 billion.
Meanwhile, in Asia, the Nikkei 225 this afternoon was observed to reverse direction to a positive 6.51 points to 9449.46. While the Hang Seng is still sinking 207.04 points to 22,661.63 and the Straits Times fell 11.4 points to 3104.55.
In European markets also begin trading today with a bandaged negative sentiment. The FTSE 100 index fell 49.24 points to 5815.41, the CAC 40 fell 28.43 points to 3843.49 and the DAX sinkhole 72.79 points, or 7030.46.
IHSG plantation sector weakness led by a decline of 15.86 points, followed by the consumption sector is down 6.93 points.
Stocks that move strengthened (Top gainers) including PT Multi Bintang Indonesia Tbk (MLBI) rose Rp8.000 to Rp348.000, PT Merck Tbk (MERK) rose Rp2.000 to Rp105.000 and PT Delta Djakarta Tbk (DLTA) rose Rp1.500 to Rp118.500.
Meanwhile, stocks that move down (top lossers) of them Multibreeder Indonesia Tbk PT (MBAI) down Rp950 to Rp25.050, PT Dian Swastatika Sentosa Tbk (DSSA) down 650 to Rp15.350 and PT Indocement Tunggal Prakasa Tbk (INTP) down Rp550 to Rp16.900. (GoFinance)
Tuesday, June 7, 2011
::Ahead of OPEC, Oil Prices in Asian Distressed Lower at USD99/Barel>>
Go Finance Reporting in SINGAPORE - Crude oil prices are under USD99 per barrel in Asian markets today with the hope of meeting of the OPEC countries will increase its production quota in coming weeks.
As quoted by the Associated Press (AP), Tuesday (06/07/2011), benchmark crude oil for July delivery fell 51 cents to as low as USD98, 5 per barrel at noon Singapore time on the basis of trading on the New York Mercantile Exchange (Nymex). Meanwhile, Brent crude also fell 46 cents to as low as USD114, 02 on the ICE Futures exchange in London.
Some analysts try to analyze what steps to be undertaken by the OPEC countries in a meeting in Vienna next Wednesday.
Some OPEC ministers may decide to push for lower prices by increasing production. Because the price of oil is currently overvalued and a threat to global economic recovery.
The black gold commodity traders speculated that OPEC will increase output capacity of approximately 1.5 million barrels per day. If realized, this is the first time OPEC to increase production quotas since September 2007.
Production cartel OPEC countries now approaching 1.5 million barrels above the daily production ceiling. "The picture that oil prices will again decline is due to sluggish demand and risk in the Middle East has faded," he explained.
In other Nymex trading in the contract of July, heating oil fell 1.2 cents to $ 3 per gallon and gasoline lost 1.4 cents to $ 2, 94 per gallon. Natural gas is from 1.4 cents at $ 4, 81 per 1,000 cubic feet. (GoFinance)
As quoted by the Associated Press (AP), Tuesday (06/07/2011), benchmark crude oil for July delivery fell 51 cents to as low as USD98, 5 per barrel at noon Singapore time on the basis of trading on the New York Mercantile Exchange (Nymex). Meanwhile, Brent crude also fell 46 cents to as low as USD114, 02 on the ICE Futures exchange in London.
Some analysts try to analyze what steps to be undertaken by the OPEC countries in a meeting in Vienna next Wednesday.
Some OPEC ministers may decide to push for lower prices by increasing production. Because the price of oil is currently overvalued and a threat to global economic recovery.
The black gold commodity traders speculated that OPEC will increase output capacity of approximately 1.5 million barrels per day. If realized, this is the first time OPEC to increase production quotas since September 2007.
Production cartel OPEC countries now approaching 1.5 million barrels above the daily production ceiling. "The picture that oil prices will again decline is due to sluggish demand and risk in the Middle East has faded," he explained.
In other Nymex trading in the contract of July, heating oil fell 1.2 cents to $ 3 per gallon and gasoline lost 1.4 cents to $ 2, 94 per gallon. Natural gas is from 1.4 cents at $ 4, 81 per 1,000 cubic feet. (GoFinance)
::Again, Wall Street Decline Due to Weak U.S. Economic Data>>
Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) closed lower again following the poor U.S. economic data released. S & P 500 continued weakening to its lowest position since 18 March.
The sectors most closely associated with economic growth experienced the deepest blow. Bank of America Corp. shares fell by four percent to $ 10, 83. This is the lowest level since May 2009 these shares.
"Right now investor attention focused on a weakening labor market data, capital needs, asset quality. Especially with the data in the field of housing and flattening all the things that work against financial and define the potential weakness as a whole," said Vice President of BB & T Wealth Management Bucky Hellwig was quoted as saying by Reuters in Birmingham, Alabama.
Energy stocks are also among the hardest hit sector, with the PHLX Oil Service sector index fell 3.2 percent. Chevron Corp. fell 1.3 percent to USD9, 68, these stocks are dragging the Dow Jones fell.
Oil prices fall in trade due to expectations that prices will rise because of OPEC's measures which would increase the production target this week. It is also eroding concern about the high prices which limit demand for oil.
U.S. stocks battered over the last five weeks due to a number of disappointing reports. The climax is the U.S. employment report released on Friday. These data indicate employment edged up just 54,000 jobs last month and the unemployment rate rose to 9.1 percent.
With second quarter earnings season is more than a month away, the market still will focus on the economic outlook uncertain.
At the close of trading on Monday (06/06/2011), the Dow Jones industrial fell 61.15 points, or 0.50 percent to 12090.11. The broader Standard & Poor's 500 index dropped 13.99 points, or 1.08 percent, to 1286.17. The Nasdaq Composite Index fell 30.22 points, or 1.11 percent to 2702.56. (GoFinance)
The sectors most closely associated with economic growth experienced the deepest blow. Bank of America Corp. shares fell by four percent to $ 10, 83. This is the lowest level since May 2009 these shares.
"Right now investor attention focused on a weakening labor market data, capital needs, asset quality. Especially with the data in the field of housing and flattening all the things that work against financial and define the potential weakness as a whole," said Vice President of BB & T Wealth Management Bucky Hellwig was quoted as saying by Reuters in Birmingham, Alabama.
Energy stocks are also among the hardest hit sector, with the PHLX Oil Service sector index fell 3.2 percent. Chevron Corp. fell 1.3 percent to USD9, 68, these stocks are dragging the Dow Jones fell.
Oil prices fall in trade due to expectations that prices will rise because of OPEC's measures which would increase the production target this week. It is also eroding concern about the high prices which limit demand for oil.
U.S. stocks battered over the last five weeks due to a number of disappointing reports. The climax is the U.S. employment report released on Friday. These data indicate employment edged up just 54,000 jobs last month and the unemployment rate rose to 9.1 percent.
With second quarter earnings season is more than a month away, the market still will focus on the economic outlook uncertain.
At the close of trading on Monday (06/06/2011), the Dow Jones industrial fell 61.15 points, or 0.50 percent to 12090.11. The broader Standard & Poor's 500 index dropped 13.99 points, or 1.08 percent, to 1286.17. The Nasdaq Composite Index fell 30.22 points, or 1.11 percent to 2702.56. (GoFinance)
::Rupiah Appreciation Against the U.S. Dollar Stronger>>
Go Finance Reporting in JAKARTA - The Indonesian Institute of Sciences (LIPI) noted, the strengthening of the rupiah against the U.S. dollar is the highest exchange rate compared to other countries.
LIPI noted strengthening occurred since 2008 to April 2011. "The strengthening of the rupiah from 2008 until April 2011 high compared to most other currencies. Rupiah has appreciated 28 percent, Korea 22 percent, Malaysia 17 percent, Singapore 16 percent, Philippines 10 percent, while China 4 percent, "said economist Adam Latif LIPI in Jakarta, Tuesday (06/07/2011).
He explained, the driving factor strengthening the rupiah exchange rate mainly because of the rapid flow of incoming foreign capital (capital inflow) to Indonesia. The high interest rate (BI Rate) in Indonesia than other countries, becoming one stimulus influx of foreign capital flows.
Another factor is that there is an indication that the government and business circles are very aggressive bond issue. In addition, the strengthening of the rupiah caused by low interest rate policy in the U.S..
The increase in assessed value of the rupiah will benefit the government budget, especially for debt and budget subsidies. The calculations, each gained 100 rupiah per USD then it could save approximately Rp400 billion in the state budget.
"In his state budget is debt that uses the USD, and fuel subsidies it is imported from outside, if the rupiah strengthened the existing subsidy budget also can be saved," he explained. (GoFinance)
LIPI noted strengthening occurred since 2008 to April 2011. "The strengthening of the rupiah from 2008 until April 2011 high compared to most other currencies. Rupiah has appreciated 28 percent, Korea 22 percent, Malaysia 17 percent, Singapore 16 percent, Philippines 10 percent, while China 4 percent, "said economist Adam Latif LIPI in Jakarta, Tuesday (06/07/2011).
He explained, the driving factor strengthening the rupiah exchange rate mainly because of the rapid flow of incoming foreign capital (capital inflow) to Indonesia. The high interest rate (BI Rate) in Indonesia than other countries, becoming one stimulus influx of foreign capital flows.
Another factor is that there is an indication that the government and business circles are very aggressive bond issue. In addition, the strengthening of the rupiah caused by low interest rate policy in the U.S..
The increase in assessed value of the rupiah will benefit the government budget, especially for debt and budget subsidies. The calculations, each gained 100 rupiah per USD then it could save approximately Rp400 billion in the state budget.
"In his state budget is debt that uses the USD, and fuel subsidies it is imported from outside, if the rupiah strengthened the existing subsidy budget also can be saved," he explained. (GoFinance)
::IHSG Finally Out of the Red Zone>>
Go Finance Reporting in JAKARTA - On the afternoon trading session on the trading floor look more lively than this afternoon making the Composite Index (IHSG) a thin eight-point rebound.
IHSG, on Tuesday (06/07/2011) afternoon closed up 8.75 points, or 0.21 percent to 3826.3. LQ45 index edged up 0.43 percent to 682.14 and the Jakarta Islamic Index (JII) thin down 0.35 points to 531.11.
The trading volume today, there were 8.017 billion shares worth Rp 3, 886 trillion. As many as 125 stocks advanced, 106 stocks fell, and 101 shares stagnated.
Asian stocks until this afternoon is still moving in both directions, where the Nikkei 225 index still rose 62.6 points, or 0.67 percent to 9442.95, but the Hang Seng index was still at home in the red zone with 66.29 points or 0.29 sinkhole percent to 22883.27.
Meanwhile, European bourses would begin trading today with a positive move among the CAC 40 rose 24.03 points, or 0.62 percent to 3887.43, DAX rose 54.41 points, or 0.77 percent to 7138.98 and the FTSE 100 rose 22.51 points, or 0.38 percent to 5885.67.
Some sectors have started a positive move among the mining sector rose 6.85 points and the trade sector rose 6.95 points. However, the plantation sector were still in negative zone with down 10.06 points.
Stocks that move strengthened (Top gainers), PT Merck Indonesia Tbk (MERK) rose Rp2.000 to Rp103.000, PT Bayan Resources Tbk (BYAN) rose Rp450 to Rp19.000, and PT United Tractors Tbk (UNTR) rose 400 to Rp23.150.
Meanwhile, stocks that move down (top lossers) of which PT Petrosea Tbk (PTRO) down Rp1.500 to Rp40.500, PT Dian Swastatika Sentosa Tbk (DSSA) down Rp600 to Rp16.000, and PT Bukit Asam Tbk (PTBA ) down Rp250 to Rp21.150. (GoFinance)
IHSG, on Tuesday (06/07/2011) afternoon closed up 8.75 points, or 0.21 percent to 3826.3. LQ45 index edged up 0.43 percent to 682.14 and the Jakarta Islamic Index (JII) thin down 0.35 points to 531.11.
The trading volume today, there were 8.017 billion shares worth Rp 3, 886 trillion. As many as 125 stocks advanced, 106 stocks fell, and 101 shares stagnated.
Asian stocks until this afternoon is still moving in both directions, where the Nikkei 225 index still rose 62.6 points, or 0.67 percent to 9442.95, but the Hang Seng index was still at home in the red zone with 66.29 points or 0.29 sinkhole percent to 22883.27.
Meanwhile, European bourses would begin trading today with a positive move among the CAC 40 rose 24.03 points, or 0.62 percent to 3887.43, DAX rose 54.41 points, or 0.77 percent to 7138.98 and the FTSE 100 rose 22.51 points, or 0.38 percent to 5885.67.
Some sectors have started a positive move among the mining sector rose 6.85 points and the trade sector rose 6.95 points. However, the plantation sector were still in negative zone with down 10.06 points.
Stocks that move strengthened (Top gainers), PT Merck Indonesia Tbk (MERK) rose Rp2.000 to Rp103.000, PT Bayan Resources Tbk (BYAN) rose Rp450 to Rp19.000, and PT United Tractors Tbk (UNTR) rose 400 to Rp23.150.
Meanwhile, stocks that move down (top lossers) of which PT Petrosea Tbk (PTRO) down Rp1.500 to Rp40.500, PT Dian Swastatika Sentosa Tbk (DSSA) down Rp600 to Rp16.000, and PT Bukit Asam Tbk (PTBA ) down Rp250 to Rp21.150. (GoFinance)
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