Go Finance Reporting in LONDON - Prices of basic commodities the world will more than double in the next 20 years. This is a report of an international humanitarian organization, Oxfam.
According to Oxfam, in 2030, the average cost of basic commodities will be increased by 120 to 180 percent. Oxfam estimates that half of the price increase caused by climate change. To prevent the poor from hunger, Oxfam urged world leaders to reform the global food system.
"The food system must be reformed if it wanted to overcome the challenges of climate change, soaring food prices and scarcity of land, water, and energy," said Executive Director of Oxfam, Barbara Stocking, quoted by the BBC, Tuesday (05/31/2011).
There are four points Oxfam proposed to overcome this. First, world leaders urged to increase transparency in commodity markets and regulate the futures market. In addition, make scale food reserve, ending policies that promote biofuels (biofuels) and finally, invest for small farmers, especially women.
"We are sleepwalking into a crisis that could have been avoided. One in seven people on this planet suffer from hunger every day, despite the fact that the world can feed everyone, "said Stocking.
Women and Children
In its report, Oxfam highlighted four areas that experienced food insecurity. First, Guatemala. In this Central American countries, 865 thousand people at risk of experiencing food insecurity due to lack of state investment to small farmers, which is highly dependent on imported materials. Secondly, in India. In developing economies, people spend more than twice the proportion of revenues to buy food.
Third, in Azerbaijan, wheat production fell 33% last year due to bad weather. As a result, this country had to import wheat from Russia and Kazakhstan. Food prices rose by 20 percent in December 2010, compared to the same month in 2009. Finally, in East Africa. Currently, there are eight million people who face chronic food shortages due to drought conditions.
Towards the UN Climate Summit in South Africa in December, Oxfam called on world leaders poured funds for global climate, so people can protect themselves from the impact of climate change and more ready to plant materials they need. (GoFinance)
Tuesday, May 31, 2011
::Crude Oil Prices Back sloping>>
Go Finance Reporting in LONDON - Brent crude oil prices fell below USD115 per barrel. This is the first monthly decline this year, as investors weighed prospects for Europe's debt crisis and slow demand so that the economic impact to the United States (U.S.).
On Monday local time, which is a public holiday in the U.S. and UK make the daily trading volume of less than five percent. Holiday season in the U.S. at the weekend, or so-called Memorial Day, marking the official beginning of summer, when gasoline demand typically increases.
Reported by Reuters on Tuesday (05/31/2011), the price of Brent crude slipped 35 cents, or 0.3 percent to USD114, 54 per barrel. Having had time to position USD114. Prices are down nine percent for May, and is the largest decline since May last year.
While the price of U.S. crude fell 21 cents to U.S. $ 100, 38 in late trading on the New York Mercantile Exchange (Nymex). Where Nymex settlement price will not be issued on Monday that all registered trade for May 31.
"The volume of trading in the UK and U.S. markets are very thin. The other factor I can see is the U.S. dollar is slightly stronger, which can put pressure on prices, " said Commerzbank analyst Carsten Fritsch. (GoFinance)
On Monday local time, which is a public holiday in the U.S. and UK make the daily trading volume of less than five percent. Holiday season in the U.S. at the weekend, or so-called Memorial Day, marking the official beginning of summer, when gasoline demand typically increases.
Reported by Reuters on Tuesday (05/31/2011), the price of Brent crude slipped 35 cents, or 0.3 percent to USD114, 54 per barrel. Having had time to position USD114. Prices are down nine percent for May, and is the largest decline since May last year.
While the price of U.S. crude fell 21 cents to U.S. $ 100, 38 in late trading on the New York Mercantile Exchange (Nymex). Where Nymex settlement price will not be issued on Monday that all registered trade for May 31.
"The volume of trading in the UK and U.S. markets are very thin. The other factor I can see is the U.S. dollar is slightly stronger, which can put pressure on prices, " said Commerzbank analyst Carsten Fritsch. (GoFinance)
::Gold Up Again to USD1.539, 5/Ounce>>
Go Finance Reporting in SINGAPORE - Gold prices bounce back and touched its highest level since 4 May, due to concerns over bailout uncertainty Greece.
As quoted by Reuters on Tuesday (05/31/2011), price of gold rose to the position of USD1.539, 5 per ounce on Monday (05/30/2011), this represents the strongest level since May 4. While on Tuesday (05/31/2011) morning, the price of gold is on USD1.538, 34.
The price of this precious metal has declined by 1.6 percent so far compared to its highest level in history USD1.575 earlier this month.
While the price of silver rose 19 cents to $ 38, 24 per ounce, but this metal prices dropped approximately 20 percent in May, this is the biggest drop since 2008. Previous record gold price USD49, 51 per ounce in April.
The European Union is preparing a second draft of the bailout package to Greece. The loan is likely to be disbursed in the next month with the aim to prevent debt default the Euro Zone. (GoFinance)
As quoted by Reuters on Tuesday (05/31/2011), price of gold rose to the position of USD1.539, 5 per ounce on Monday (05/30/2011), this represents the strongest level since May 4. While on Tuesday (05/31/2011) morning, the price of gold is on USD1.538, 34.
The price of this precious metal has declined by 1.6 percent so far compared to its highest level in history USD1.575 earlier this month.
While the price of silver rose 19 cents to $ 38, 24 per ounce, but this metal prices dropped approximately 20 percent in May, this is the biggest drop since 2008. Previous record gold price USD49, 51 per ounce in April.
The European Union is preparing a second draft of the bailout package to Greece. The loan is likely to be disbursed in the next month with the aim to prevent debt default the Euro Zone. (GoFinance)
::Print Transaction Rp5, 8 T, IHSG Reverse Directions Become Stronger>>
Go Finance Reporting in JAKARTA - At the close of trading this afternoon, Composite Stock Price Index (IHSG) looked shaded luck. When the first session of the IHSG weakened thin trading, stock index is now back shine.
IHSG Tuesday (05/31/2011) afternoon monitored under the direction and gained 10.83 points or 0.28 percent to the position to the position of 3836.97. While the LQ45 index rose 0.51 points to 681.19 thin, and the Jakarta Islamic Index (JII) rose 1.75 points to 531.16.
The value of transactions for this afternoon was recorded at Rp 5, 84 trillion by volume amounted to 6.81 billion shares. In which 135 stocks advanced, 109 stocks fell, and as many as 94 shares stagnated.
The whole sector was observed to strengthen, although only a thin strengthened. Only the infrastructure sector alone recorded in the red line. Commodity stocks this afternoon one of them support the IHSG movement in addition to an entirely Asian stocks rose.
Stocks that rose among PT Multi Breeder MULTIBREEDER Indonesia Tbk (MBAI) rose Rp2.200 to Rp26.900, PT Astra Agro Lestari Tbk (AALI) rose Rp500 to Rp23.600, PT Petrosea Tbk (PTRO) rose Rp500 to Rp41 .500, and PT Japfa Comfeed Indonesia Tbk (JPFA) rose Rp300 to Rp4.150.
While the stocks that fell among PT Delta Djakarta Tbk (DLTA) down Rp1.500 to Rp115.000, PT Bayan Resources Tbk (ITMG) down Rp700 to Rp46.950, and PT Sarana Tower Nusantara Tbk (TOWR) down 500 to Rp10.400. (GoFinance)
IHSG Tuesday (05/31/2011) afternoon monitored under the direction and gained 10.83 points or 0.28 percent to the position to the position of 3836.97. While the LQ45 index rose 0.51 points to 681.19 thin, and the Jakarta Islamic Index (JII) rose 1.75 points to 531.16.
The value of transactions for this afternoon was recorded at Rp 5, 84 trillion by volume amounted to 6.81 billion shares. In which 135 stocks advanced, 109 stocks fell, and as many as 94 shares stagnated.
The whole sector was observed to strengthen, although only a thin strengthened. Only the infrastructure sector alone recorded in the red line. Commodity stocks this afternoon one of them support the IHSG movement in addition to an entirely Asian stocks rose.
Stocks that rose among PT Multi Breeder MULTIBREEDER Indonesia Tbk (MBAI) rose Rp2.200 to Rp26.900, PT Astra Agro Lestari Tbk (AALI) rose Rp500 to Rp23.600, PT Petrosea Tbk (PTRO) rose Rp500 to Rp41 .500, and PT Japfa Comfeed Indonesia Tbk (JPFA) rose Rp300 to Rp4.150.
While the stocks that fell among PT Delta Djakarta Tbk (DLTA) down Rp1.500 to Rp115.000, PT Bayan Resources Tbk (ITMG) down Rp700 to Rp46.950, and PT Sarana Tower Nusantara Tbk (TOWR) down 500 to Rp10.400. (GoFinance)
::Again and Again Stronger Rupiah>>
Go Finance Reporting in JAKARTA - The rupiah was again strengthened by the end of trading this time due to the positive sentiment that characterizes the market.
Amount, according to the exchange rate of Bank Indonesia (BI) on Tuesday (05/31/2011) rose to Rp8.537 per USD compared with the previous trading day at Rp8.548 per USD.
According yahoofinance, the rupiah is also parking at Rp8.537 per USD with a daily trading range in Rp8.527-Rp8.545 per USD. Value mat also monitored the world's major currencies strengthened against the dollar.
The euro rose to 1.4411 per USD, pound rose to 1.6511 and the Australian dollar strengthened to 1.07 per USD.
Apart from the weakening U.S. dollar, the strengthening of the rupiah is also due to expectations step by Bank Indonesia (BI) to maintain BI's interest rate (BI Rate) in line with deflation is expected to occur in May 2011. (GoFinance)
Amount, according to the exchange rate of Bank Indonesia (BI) on Tuesday (05/31/2011) rose to Rp8.537 per USD compared with the previous trading day at Rp8.548 per USD.
According yahoofinance, the rupiah is also parking at Rp8.537 per USD with a daily trading range in Rp8.527-Rp8.545 per USD. Value mat also monitored the world's major currencies strengthened against the dollar.
The euro rose to 1.4411 per USD, pound rose to 1.6511 and the Australian dollar strengthened to 1.07 per USD.
Apart from the weakening U.S. dollar, the strengthening of the rupiah is also due to expectations step by Bank Indonesia (BI) to maintain BI's interest rate (BI Rate) in line with deflation is expected to occur in May 2011. (GoFinance)
Monday, May 30, 2011
::Gold Prices Not Affected The fall Dollars>>
Go Finance Reporting in SINGAPORE - The price of gold was observed to stabilize in the middle of the weakening United States dollar (U.S.) and concerns the Greek debt crisis, fears of falling consumer data the U.S. housing market data.
As quoted by Reuters on Monday (05/30/2011), the gold price steady at USD1.535, 45 per ounce. The price of this precious metal rose 1.8 percent last week. While the price of silver in the spot market rose 1.1 percent to $ 38, 32, build up 8.1 percent last week. Silver in the U.S. rose 1.2 percent to $ 38, 33.
Amid fears of Greece's debt crisis, officials of the International Monetary Fund (IMF) and European Union say they did not anticipate the debt restructuring in Greece.
Consumer spending slowed, and home sales data in April were at its lowest level in seven months. This sparked concerns that U.S. economic recovery has lost momentum, as a result the dollar tumbled almost penetrate the lowest level in three weeks. (GoFinance)
As quoted by Reuters on Monday (05/30/2011), the gold price steady at USD1.535, 45 per ounce. The price of this precious metal rose 1.8 percent last week. While the price of silver in the spot market rose 1.1 percent to $ 38, 32, build up 8.1 percent last week. Silver in the U.S. rose 1.2 percent to $ 38, 33.
Amid fears of Greece's debt crisis, officials of the International Monetary Fund (IMF) and European Union say they did not anticipate the debt restructuring in Greece.
Consumer spending slowed, and home sales data in April were at its lowest level in seven months. This sparked concerns that U.S. economic recovery has lost momentum, as a result the dollar tumbled almost penetrate the lowest level in three weeks. (GoFinance)
::This is the wedge Lagarde to Become Director of the IMF>>
Go Finance Reporting in PARIS - Members of the G8 countries called for the French finance minister, Christine Lagarde to become the leader of the International Monetary Fund (IMF).
"Among the eight state and government, plus the president of the European Commission and European Council president who was there, fully support langarde to become leader of the IMF," said French Foreign Minister Alain Juppe as quoted by Reuters on Monday (05/30/2011) .
As is known, the position of chairman of the IMF after the current vacant some time ago Dominique Strauss-Kahn resigned because of allegations of rape trials.
One of the obstacles to progress Lagarde became the leader of the IMF is the charges against him regarding the abuse of authority over the money amounted to 285 million euros which involves a businessman Bernard Tapie, an ally of French President Nicolas Sarkozy.
Langarde accused of abusing authority over the money by the opposition Socialist Party politician, so when this case is still under investigation authorities.
Langarde who on Sunday flew to Brazil to revive the economy, questioning the legal basis for what is used as a material question for investigation.
He stated, it seems there is something wrong in this case, in which Tapie, a former left-wing government minister who switched sides to support Sarkozy's presidential campaign in 2007, has been paid to settle a legal dispute with the state-owned banks.
Initially, A French court ruled against Tapie in 2006, but the case was still open when Sarkozy won office in 2007.
Lagarde agreed to drop the proceedings and submit the case to a private arbitration panel of three members, the ministry set aside some who argue that it should remain in court.
Lagarde need IMF support for his candidacy from developing countries who have criticized European Union officials for suggesting the new chief must be a European. Meanwhile, another single candidate is the Governor of Central Bank of Mexico Agustin Carstens. (GoFinance)
"Among the eight state and government, plus the president of the European Commission and European Council president who was there, fully support langarde to become leader of the IMF," said French Foreign Minister Alain Juppe as quoted by Reuters on Monday (05/30/2011) .
As is known, the position of chairman of the IMF after the current vacant some time ago Dominique Strauss-Kahn resigned because of allegations of rape trials.
One of the obstacles to progress Lagarde became the leader of the IMF is the charges against him regarding the abuse of authority over the money amounted to 285 million euros which involves a businessman Bernard Tapie, an ally of French President Nicolas Sarkozy.
Langarde accused of abusing authority over the money by the opposition Socialist Party politician, so when this case is still under investigation authorities.
Langarde who on Sunday flew to Brazil to revive the economy, questioning the legal basis for what is used as a material question for investigation.
He stated, it seems there is something wrong in this case, in which Tapie, a former left-wing government minister who switched sides to support Sarkozy's presidential campaign in 2007, has been paid to settle a legal dispute with the state-owned banks.
Initially, A French court ruled against Tapie in 2006, but the case was still open when Sarkozy won office in 2007.
Lagarde agreed to drop the proceedings and submit the case to a private arbitration panel of three members, the ministry set aside some who argue that it should remain in court.
Lagarde need IMF support for his candidacy from developing countries who have criticized European Union officials for suggesting the new chief must be a European. Meanwhile, another single candidate is the Governor of Central Bank of Mexico Agustin Carstens. (GoFinance)
::Chevron Wins Tender for Gas in Bulgaria>>
Go Finance Reporting in Sofia - Chevron, the second largest company in the United States has won the tender to explore the shale gas reserves in northeastern Bulgaria.
"Chevron, which won the tender, the government offered a bonus of 30 million euros (USD43 million) for the license in their exploration of shale gas field near Novi Pazar. Chevron competes with Canada BNK," said Minister of Economy and Energy Bulgaria, Traicho Traikov, quoted by AFP on Monday (05/30/2011).
The tender offer two more to explore gas in the same region in northeastern Bulgaria is still going to be delivered in late June.
He added that companies interested in exploring estimated shale gas in Bulgaria is placing deposits in the country between 300 billion euros and 1.0 trillion cubic meters.
For your information, Bulgaria, which is almost entirely dependent on Russian gas supplies through Ukraine, see shale (shale) gas as a possible diversification of energy sources.
Bulgaria also hopes to connect the gas transport networks to neighboring countries, Greece, in 2014 and receives gas from Azerbaijan through the interconnection system. (GoFinance)
"Chevron, which won the tender, the government offered a bonus of 30 million euros (USD43 million) for the license in their exploration of shale gas field near Novi Pazar. Chevron competes with Canada BNK," said Minister of Economy and Energy Bulgaria, Traicho Traikov, quoted by AFP on Monday (05/30/2011).
The tender offer two more to explore gas in the same region in northeastern Bulgaria is still going to be delivered in late June.
He added that companies interested in exploring estimated shale gas in Bulgaria is placing deposits in the country between 300 billion euros and 1.0 trillion cubic meters.
For your information, Bulgaria, which is almost entirely dependent on Russian gas supplies through Ukraine, see shale (shale) gas as a possible diversification of energy sources.
Bulgaria also hopes to connect the gas transport networks to neighboring countries, Greece, in 2014 and receives gas from Azerbaijan through the interconnection system. (GoFinance)
::Commodities Sector Still Weakening IHSG>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) this afternoon recorded still weakening. IHSG movement today is still in the red line. The movement of Asian stocks are mixed and the domestic sector dragged the index.
IHSG Monday (05/30/2011) evening fell 6.24 points, or 0.16 percent equivalent to the level of 3826.14. While the LQ45 index fell 0.61 points to 680.68 thin, and the Jakarta Islamic Index (JII) fell 2.04 points to 529.41 positions.
Various stake in the domestic sector to make the movement of stock index weakened thin, looked almost all sectors to weaken. Where the plantation sector is currently leading a slowdown, which was followed by a slump in the mining sector.
The value of this transaction on the afternoon of Rp2, 86 trillion by volume amounted to 3.01 billion shares. Where as many as 91 stocks advanced, 143 stocks fell, and 102 shares stay put alias stagnant.
Stocks that rose among PT Dian Swastatika Sentosa Tbk (DSSA) rose Rp800 to Rp17.150, PT United Tractors Tbk (UNTR) rose Rp350 to Rp22.900, PT Petrosea Tbk (PTRO) rose Rp500 to Rp41.500, as well as PT Bank Rakyat Indonesia Tbk (BBRI) rose Rp150 to Rp6.400.
While the stocks that fell among PT Delta Djakarta Tbk (DLTA) down Rp9.500 to Rp116.500, PT Harum Energy Tbk (HRUM) down Rp250 to Rp9.300, and PT Indosprings Tbk (inds) down Rp175 to Rp3. 450. (GoFinance)
IHSG Monday (05/30/2011) evening fell 6.24 points, or 0.16 percent equivalent to the level of 3826.14. While the LQ45 index fell 0.61 points to 680.68 thin, and the Jakarta Islamic Index (JII) fell 2.04 points to 529.41 positions.
Various stake in the domestic sector to make the movement of stock index weakened thin, looked almost all sectors to weaken. Where the plantation sector is currently leading a slowdown, which was followed by a slump in the mining sector.
The value of this transaction on the afternoon of Rp2, 86 trillion by volume amounted to 3.01 billion shares. Where as many as 91 stocks advanced, 143 stocks fell, and 102 shares stay put alias stagnant.
Stocks that rose among PT Dian Swastatika Sentosa Tbk (DSSA) rose Rp800 to Rp17.150, PT United Tractors Tbk (UNTR) rose Rp350 to Rp22.900, PT Petrosea Tbk (PTRO) rose Rp500 to Rp41.500, as well as PT Bank Rakyat Indonesia Tbk (BBRI) rose Rp150 to Rp6.400.
While the stocks that fell among PT Delta Djakarta Tbk (DLTA) down Rp9.500 to Rp116.500, PT Harum Energy Tbk (HRUM) down Rp250 to Rp9.300, and PT Indosprings Tbk (inds) down Rp175 to Rp3. 450. (GoFinance)
::Rupiah Still Stronger per USD to Rp8.548>>
Go Finance Reporting in JAKARTA - The rupiah was observed to bounce back despite Composite Stock Price Index (IHSG) and the dollar weakened the United States (U.S.) also began to strengthen.
Amount, according to the exchange rate of Bank Indonesia (BI) on Monday (05/30/2011) moves to strengthen Rp8.548 per USD compared with the previous trading period in Rp8.565 per USD.
Meanwhile, according yahoofinance in Rp8.552 per USD with a range between Rp8.552-Rp8.577 per USD. Observed dollar exchange rate strengthened over a number of other currencies. The euro weakened to 1.4285 per USD, the yen weakened to 80.815 per USD and the Australian dollar weakened to 1.0693 per U.S. dollar.
As revealed by the Indonesian Securities analyst Samuel Lana Soelistianingsih in his research on Monday (05/30/2011), on 26 May, Commerce Department announced the U.S. economy first quarter of 2011 grew by 1.8 percent yoy, lower than the median survey estimate by 2.2 percent yoy, and also lower than GDP growth in the fourth quarter of 2010 and which reached 3.1 percent yoy.
Meanwhile, growth in consumer spending which rose only 0.4 percent in April, lower than the estimate of 0.5 percent a Bloomberg survey. Other data are also slowed in April, is selling the house (pending home resale) and orders for durable goods.
Analysts surveyed by Bloomberg estimated field jobs only increased 185.000, the lowest since January 2011. This data will be announced on 3 June. The weakening U.S. economic data is increasingly convinced that the Fed still will maintain its key rate unchanged at 0 to 0.25 percent until the first quarter of 2012 as consensus through a survey of analysts by Bloomberg. (GoFinance)
Amount, according to the exchange rate of Bank Indonesia (BI) on Monday (05/30/2011) moves to strengthen Rp8.548 per USD compared with the previous trading period in Rp8.565 per USD.
Meanwhile, according yahoofinance in Rp8.552 per USD with a range between Rp8.552-Rp8.577 per USD. Observed dollar exchange rate strengthened over a number of other currencies. The euro weakened to 1.4285 per USD, the yen weakened to 80.815 per USD and the Australian dollar weakened to 1.0693 per U.S. dollar.
As revealed by the Indonesian Securities analyst Samuel Lana Soelistianingsih in his research on Monday (05/30/2011), on 26 May, Commerce Department announced the U.S. economy first quarter of 2011 grew by 1.8 percent yoy, lower than the median survey estimate by 2.2 percent yoy, and also lower than GDP growth in the fourth quarter of 2010 and which reached 3.1 percent yoy.
Meanwhile, growth in consumer spending which rose only 0.4 percent in April, lower than the estimate of 0.5 percent a Bloomberg survey. Other data are also slowed in April, is selling the house (pending home resale) and orders for durable goods.
Analysts surveyed by Bloomberg estimated field jobs only increased 185.000, the lowest since January 2011. This data will be announced on 3 June. The weakening U.S. economic data is increasingly convinced that the Fed still will maintain its key rate unchanged at 0 to 0.25 percent until the first quarter of 2012 as consensus through a survey of analysts by Bloomberg. (GoFinance)
Sunday, May 29, 2011
::Presidential Moratorium Positive For World Timber Industry>>
Go Finance Reporting in PEKANBARU - The timber industry businessmen claimed that the instructions of President (Presidential Instruction) No. 10/2011 concerning forest moratorium on newly signed by President Susilo Bambang Yudhoyono (SBY) can have a positive impact of forest products like timber and derivatives in the world market.
Chairman of the Association of Indonesian Forest Concessionaires (APHI) Riau, Endro Siswoko rate, by the issuance of Presidential Instruction, she believes the future price of Indonesian wood and derived products are better than today. It will bring a positive aura to the company.
"I think the president's instructor will bring impact to the business world," he said in a conversation with Legal, Sunday, (05/29/2011).
With the issuance of Presidential Instruction that contains about New Permit Delays and Improving Governance Primary Forest and Peatland expected various circles for no rush to assess the negative. However, APHI Riau still capture the input from its members after the publication of Presidential Instruction moratorium.
"For those whose licenses are issued, the Presidential Instruction was not a problem. But not with those who are still in the permit process, but we are still seeking input from friends," said Endro again. (GoFinance)
Chairman of the Association of Indonesian Forest Concessionaires (APHI) Riau, Endro Siswoko rate, by the issuance of Presidential Instruction, she believes the future price of Indonesian wood and derived products are better than today. It will bring a positive aura to the company.
"I think the president's instructor will bring impact to the business world," he said in a conversation with Legal, Sunday, (05/29/2011).
With the issuance of Presidential Instruction that contains about New Permit Delays and Improving Governance Primary Forest and Peatland expected various circles for no rush to assess the negative. However, APHI Riau still capture the input from its members after the publication of Presidential Instruction moratorium.
"For those whose licenses are issued, the Presidential Instruction was not a problem. But not with those who are still in the permit process, but we are still seeking input from friends," said Endro again. (GoFinance)
::Confront Crisis, Swiss Bank Will Implement New Rules>>
Go Finance Reporting in GENEVA - Swiss National Bank Vice President Thomas Jordan poured a new rule that is claimed to not pose a threat to the competitiveness of banks in Switzerland.
As quoted by the AFP on Sunday (05/29/2011), Jordan said that if the new rule is not too excessive. Where it believes the Swiss bank's competitiveness will not be threatened.
The Swiss government last month approved new rules for large banks, including the provision that allows regulators to adjust salaries or bonuses, as well as a ban if they seek help from the state.
Parliament also said it would consider new rules next summer and in autumn. If approved, these regulations come into force in early 2012.
Jordan said that the bank should "try" to apply these new rules and they should be able to build additional capital and reviewing their organization.
"But I also want to emphasize that if these conditions applied, then the major banks in Switzerland will be circulated in the international financial institutions and will set themselves apart from foreign competition," he added.
For information, in October 2010, the expert commission suggested the Swiss government to take tougher action than what is imposed by international standards of Basel III, which requires banks to increase their common equity to 7.0 percent of assets from 2.0 percent today.
They called for an interest rate of 10 percent and additional shares of convertible bonds, which can turn into capital in case of trouble.
Federal Council itself wanted to avoid a repetition of the situation that encourages banking giant UBS which collapsed in 2008. These institutions must be supported by a package of multi-billion dollar state bailout. But UBS recently said that worries about negative impact on the financial sector in Switzerland as a result of new regulations. (GoFinance)
As quoted by the AFP on Sunday (05/29/2011), Jordan said that if the new rule is not too excessive. Where it believes the Swiss bank's competitiveness will not be threatened.
The Swiss government last month approved new rules for large banks, including the provision that allows regulators to adjust salaries or bonuses, as well as a ban if they seek help from the state.
Parliament also said it would consider new rules next summer and in autumn. If approved, these regulations come into force in early 2012.
Jordan said that the bank should "try" to apply these new rules and they should be able to build additional capital and reviewing their organization.
"But I also want to emphasize that if these conditions applied, then the major banks in Switzerland will be circulated in the international financial institutions and will set themselves apart from foreign competition," he added.
For information, in October 2010, the expert commission suggested the Swiss government to take tougher action than what is imposed by international standards of Basel III, which requires banks to increase their common equity to 7.0 percent of assets from 2.0 percent today.
They called for an interest rate of 10 percent and additional shares of convertible bonds, which can turn into capital in case of trouble.
Federal Council itself wanted to avoid a repetition of the situation that encourages banking giant UBS which collapsed in 2008. These institutions must be supported by a package of multi-billion dollar state bailout. But UBS recently said that worries about negative impact on the financial sector in Switzerland as a result of new regulations. (GoFinance)
Saturday, May 28, 2011
::Greek crisis haunt Gold prices>>
Go Finance Reporting in NEW YORK - Commodities trading of gold at the end of this week reached the highest price during this weekend was due to concerns over Greece's debt crisis. Investors are also still take a relatively safe because the dollar exchange rate (U.S.) against the Euro is still weakening.
As quoted by Reuters (05/28/2011), the gold price in trading Friday carrying USD1.538, 10 per try onz. This price is the highest price since 4 May. Gold prices on Thursday own trade recorded U.S. $ 1518.10 per try onz.
COMEX gold futures from the benchmark for July delivery itself also observed increased to USD1.536, 30 per try onz or up USD13, 50.
Meanwhile, silver prices supported New York's iShares Silver Trust was observed to be rallying on USD37, 90 per try onz from the previous price of USD37, 24 per try onz in trading Thursday.
As is known, in the midst of financial problems that hit the U.S. and Europe, gold is still the choice for investors as the investment is immune to inflation. Gold prices are often triggered by rising oil prices. (GoFinance)
As quoted by Reuters (05/28/2011), the gold price in trading Friday carrying USD1.538, 10 per try onz. This price is the highest price since 4 May. Gold prices on Thursday own trade recorded U.S. $ 1518.10 per try onz.
COMEX gold futures from the benchmark for July delivery itself also observed increased to USD1.536, 30 per try onz or up USD13, 50.
Meanwhile, silver prices supported New York's iShares Silver Trust was observed to be rallying on USD37, 90 per try onz from the previous price of USD37, 24 per try onz in trading Thursday.
As is known, in the midst of financial problems that hit the U.S. and Europe, gold is still the choice for investors as the investment is immune to inflation. Gold prices are often triggered by rising oil prices. (GoFinance)
:::Oil Price Level Parking at USD110>>
Go Finance Reporting in NEW YORK - Crude oil prices at the close of this weekend was stable. Instability driven by volatile oil prices that occurred because of the weakening dollar (U.S.) against the Euro. Debt crisis in the European region is also a negative sentiment itself.
Light sweet crude for July delivery rose 36 cents recorded in the price level of USD110, 59 per barrel. While the Brent oil declined 2 cents to be thin USD115, 02 per barrel.
"We only saw a few people who push and pull stock positions before the long weekend, "said Jason Schenker Prestige economic analyst, as quoted by Reuters (05/28/2011).
Oil prices at this week tracked down since Monday because of the collapsed value of the dollar (U.S.). In addition, the fall in oil prices was also driven by the indication of slowing economic growth in Asia.
However, Tuesday Goldman Sachs and Morgan Stanley estimates that the price of Brent crude oil will reach $ 130 per barrel in 2010.
On 20 May, U.S. crude oil reserves rose to 600 thousand barrels. This is confusing expectations many people who predict a decrease in demand.
U.S. gasoline inventories rose 3.8 million barrels of its own, surprising prediction of the various parties. Gasoline demand alone will likely increase due to the long holiday weekend.
As is known, such as markets sank in trading Thursday, after two previous days many traders took profits. Data undermining the U.S. economic slump in investor confidence again. Previously, the market was so hoping to increase U.S. economic growth will be achieved growth above 1.8 percent in the first quarter, but growth rates did not get better. (GoFinance)
Light sweet crude for July delivery rose 36 cents recorded in the price level of USD110, 59 per barrel. While the Brent oil declined 2 cents to be thin USD115, 02 per barrel.
"We only saw a few people who push and pull stock positions before the long weekend, "said Jason Schenker Prestige economic analyst, as quoted by Reuters (05/28/2011).
Oil prices at this week tracked down since Monday because of the collapsed value of the dollar (U.S.). In addition, the fall in oil prices was also driven by the indication of slowing economic growth in Asia.
However, Tuesday Goldman Sachs and Morgan Stanley estimates that the price of Brent crude oil will reach $ 130 per barrel in 2010.
On 20 May, U.S. crude oil reserves rose to 600 thousand barrels. This is confusing expectations many people who predict a decrease in demand.
U.S. gasoline inventories rose 3.8 million barrels of its own, surprising prediction of the various parties. Gasoline demand alone will likely increase due to the long holiday weekend.
As is known, such as markets sank in trading Thursday, after two previous days many traders took profits. Data undermining the U.S. economic slump in investor confidence again. Previously, the market was so hoping to increase U.S. economic growth will be achieved growth above 1.8 percent in the first quarter, but growth rates did not get better. (GoFinance)
::Index Wall Street Down on Weekends>>
Go Finance Reporting in NEW YORK - The stock market index down Wall Street spot because of surging oil prices and worries about inflation that could hamper economic recovery.
In trading Friday, May 27 local time on record, the Dow Jones index fell 29.59 points, or 0.24 percent to 12379.90. Standard & Poor's Index (SPX) 500 fell 5.36 points, or 0.40 percent to 1328.15. While the Nasdaq Composite Index (IXIC) dropped 15.73 points, or 0.56 percent to 2780.41.
The result of the budget talks in Washington and his red outlook for the U.S. government to encourage investors to protect ahead of the weekend, with the release of shares. They prefer to move their portfolios to short-term investment for the Standard & Poor's (SPX) 500.
"This indicates the existence of enlightenment, and people hope that there is no bad thing that happened over the weekend," said a senior trader at regional investment bank Wedbush Morgan, Michael James, as quoted by Reuters on Saturday (05/28/2011) .
Oil prices soared along with the decline in airline stocks and shares of transportation companies. Arca Airline Index fell 2.7 percent and the Dow Jones Transportation average fell 1.7 percent.
For information, Brent crude is above USD126 per barrel, was at its highest level during the last 32 months. This is because the dollar weakened. (GoFinance)
In trading Friday, May 27 local time on record, the Dow Jones index fell 29.59 points, or 0.24 percent to 12379.90. Standard & Poor's Index (SPX) 500 fell 5.36 points, or 0.40 percent to 1328.15. While the Nasdaq Composite Index (IXIC) dropped 15.73 points, or 0.56 percent to 2780.41.
The result of the budget talks in Washington and his red outlook for the U.S. government to encourage investors to protect ahead of the weekend, with the release of shares. They prefer to move their portfolios to short-term investment for the Standard & Poor's (SPX) 500.
"This indicates the existence of enlightenment, and people hope that there is no bad thing that happened over the weekend," said a senior trader at regional investment bank Wedbush Morgan, Michael James, as quoted by Reuters on Saturday (05/28/2011) .
Oil prices soared along with the decline in airline stocks and shares of transportation companies. Arca Airline Index fell 2.7 percent and the Dow Jones Transportation average fell 1.7 percent.
For information, Brent crude is above USD126 per barrel, was at its highest level during the last 32 months. This is because the dollar weakened. (GoFinance)
Friday, May 27, 2011
::Wall Street supported Company Profits>>
Go Finance Reporting in NEW YORK - Stocks in the United States (U.S.) rose even had fluctuated in which the consumer and technology stocks led the way after the earnings optimism.
Reported by Reuters on Friday (05/27/2011), stock traders "clustered" around the S & P 500 is getting back the strength and direction after the previous had been falling.
On average, the Dow Jones Industrial (DJI) edged up 8.10 points, or 0.07 percent, to 12402.76. Standard & Poor's Index (SPX) 500 rose 5.22 points, or 0.40 percent to 1325.69. While the Nasdaq Composite Index (IXIC) rose 21.54 points, or 0.78 percent, to 2782.92.
The ability to survive market ebb and flow by looking at developments in the foreign exchange market and concerns over debt crisis of European countries.
"That really became the main driving force now is the equity and commodity markets. Nothing in the market sector that can move away from it," said President and Head of Investment Strategy at YCMNet Advisors in Walnut Creek, California, Michael Yoshikami.
Known, the S & P 500 index had weakened after the economic data that fail to meet expectations, but once again found support after the euro is stable against the U.S. dollar.
While the Nasdaq outperformed the other major indexes after NetApp Inc. shares supported by strong performance results. The tech-heavy index also got a boost from Microsoft Corp. shares (MSFT.O) rose two percent in the USD24, 67 after its chief executive had to resign. (GoFinance)
Reported by Reuters on Friday (05/27/2011), stock traders "clustered" around the S & P 500 is getting back the strength and direction after the previous had been falling.
On average, the Dow Jones Industrial (DJI) edged up 8.10 points, or 0.07 percent, to 12402.76. Standard & Poor's Index (SPX) 500 rose 5.22 points, or 0.40 percent to 1325.69. While the Nasdaq Composite Index (IXIC) rose 21.54 points, or 0.78 percent, to 2782.92.
The ability to survive market ebb and flow by looking at developments in the foreign exchange market and concerns over debt crisis of European countries.
"That really became the main driving force now is the equity and commodity markets. Nothing in the market sector that can move away from it," said President and Head of Investment Strategy at YCMNet Advisors in Walnut Creek, California, Michael Yoshikami.
Known, the S & P 500 index had weakened after the economic data that fail to meet expectations, but once again found support after the euro is stable against the U.S. dollar.
While the Nasdaq outperformed the other major indexes after NetApp Inc. shares supported by strong performance results. The tech-heavy index also got a boost from Microsoft Corp. shares (MSFT.O) rose two percent in the USD24, 67 after its chief executive had to resign. (GoFinance)
::Improving European Markets, Gold Prices Skyrocketed Back>>
Go Finance Reporting in SINGAPORE - Commodities gold still continue strengthening trend since a few days ago. In trading today, gold perched on USD1.529, 75 per ounce or edged up $ 2, 45 of which are trading Wednesday on the level of USD1.523, 10.
Quoted by Reuters on Thursday (05/26/2011), the gold price increase is still overshadowed by negative sentiment in the market will concern the financial problems that plagued the European region.
Yesterday, the Government of Greece has been met with a European officials to discuss the budget savings. This is the only good news that might be able to give either a change in European financial condition.
For information, the price of gold in its own currency pegged to the euro at 1088 price levels euros per ounce, not much different from trading Wednesday.
While silver prices are still recorded stable at USD37, 84 per ounce. Silver had previously been traded on the level of USD37, 97 per ounce but remained below its highest price in April last that never reached the USD49, 51 per ounce. (GoFinance)
Quoted by Reuters on Thursday (05/26/2011), the gold price increase is still overshadowed by negative sentiment in the market will concern the financial problems that plagued the European region.
Yesterday, the Government of Greece has been met with a European officials to discuss the budget savings. This is the only good news that might be able to give either a change in European financial condition.
For information, the price of gold in its own currency pegged to the euro at 1088 price levels euros per ounce, not much different from trading Wednesday.
While silver prices are still recorded stable at USD37, 84 per ounce. Silver had previously been traded on the level of USD37, 97 per ounce but remained below its highest price in April last that never reached the USD49, 51 per ounce. (GoFinance)
::World Bank Gives Tunisian-Egyptian Debt $ 6 Billion>>
Go Finance Reporting in WASHINGTON - World Bank to allocate loans to Tunisia and Egypt amounted to $ 6 billion, to assist in financing during the transitional period after the fall of leaders of both countries.
Quoted by Reuters, the world's financial institutions were targeted, the funds for it to expedite the transformation process and economic governance and encourage investment.
World Bank President Robert Zoellick said the transitional government and economic agenda in the Middle East and North Africa that will be discussed in a meeting with a group of eight developed countries (G-8) in Deauville, France which runs from Tuesday, May 24 last.
Condition, these efforts should be coupled with reducing corruption and increasing jobs. (GoFinance)
Quoted by Reuters, the world's financial institutions were targeted, the funds for it to expedite the transformation process and economic governance and encourage investment.
World Bank President Robert Zoellick said the transitional government and economic agenda in the Middle East and North Africa that will be discussed in a meeting with a group of eight developed countries (G-8) in Deauville, France which runs from Tuesday, May 24 last.
Condition, these efforts should be coupled with reducing corruption and increasing jobs. (GoFinance)
::Stronger, Rupiah followed IHSG>>
Go Finance Reporting in JAKARTA - The positive Composite Stock Price Index (IHSG) also affect the rupiah. As a result, this time rupiah strengthened to Rp8.565 per USD.
Rupiah, according to the exchange rate of Bank Indonesia (BI) on Friday (05/27/2011) rose to Rp8.565 per USD, compared with the previous trading period in the level of Rp8.576 per USD.
And according yahoofinance, parking in Rp8.282 rupiah per USD with a daily trading range Rp8.562-Rp8.585 per USD. U.S. dollar also appears to strengthen over other currencies.
The euro weakened to 1.4211 per USD, pound weakened to 1.6416 and the Australian dollar also weakened to 1.0666 per U.S. dollar.
While the index in late trade on Friday (05/27/2011) moves rose 17.56 points, or 0.5 points to 3832. LQ45 rose 2.41 points, or 0.4 percent, to 681.29. The entire compact sector index gained supporters. Plantation sector rose 50.61 points, or 2.2 percent, mining sector rose 13.16 points, or 0.4 per cent and the financial sector rose 2.58 points, or 0.5 percent.
The volume of transactions recorded 2.5 billion shares valued at Rp2, 95 trillion. As many as 128 stocks advanced, 97 stocks fell and 104 shares stagnated. (GoFinance)
Rupiah, according to the exchange rate of Bank Indonesia (BI) on Friday (05/27/2011) rose to Rp8.565 per USD, compared with the previous trading period in the level of Rp8.576 per USD.
And according yahoofinance, parking in Rp8.282 rupiah per USD with a daily trading range Rp8.562-Rp8.585 per USD. U.S. dollar also appears to strengthen over other currencies.
The euro weakened to 1.4211 per USD, pound weakened to 1.6416 and the Australian dollar also weakened to 1.0666 per U.S. dollar.
While the index in late trade on Friday (05/27/2011) moves rose 17.56 points, or 0.5 points to 3832. LQ45 rose 2.41 points, or 0.4 percent, to 681.29. The entire compact sector index gained supporters. Plantation sector rose 50.61 points, or 2.2 percent, mining sector rose 13.16 points, or 0.4 per cent and the financial sector rose 2.58 points, or 0.5 percent.
The volume of transactions recorded 2.5 billion shares valued at Rp2, 95 trillion. As many as 128 stocks advanced, 97 stocks fell and 104 shares stagnated. (GoFinance)
::The pressure eased, IHSG 17 Points Stronger>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) rose to move this weekend. The easing of global pressure is the reason for IHSG, and a number of other indexes rose.
IHSG, in late trade on Friday (05/27/2011) moves rose 17.56 points, or 0.5 points to 3832. LQ45 rose 2.41 points, or 0.4 percent, to 681.29.
Asian indices move up this afternoon. The Nikkei rose 14.58 points, or 0.15 percent to 9 / 576, Hang Seng rose 227.1 points, or 0.99 percent to 23,127 and the Straits Times rose 27.54 points, or 0.88 percent to 3151.
But European indexes looked depressed. DAX dropped 56.85 points, or 0.79 percent to 7114, CAC fell 11.77 points, or 0.3 percent, to 3917 and the FTSE rose to Rp10, 85 points, or 0.18 percent to 5880.
The entire compact sector index gained supporters. Plantation sector rose 50.61 points, or 2.2 percent, mining sector rose 13.16 points, or 0.4 per cent and the financial sector rose 2.58 points, or 0.5 percent.
The volume of transactions recorded 2.5 billion shares valued at Rp2, 95 trillion. As many as 128 stocks advanced, 97 stocks fell and 104 shares stagnated.
Stocks that move strengthened (Top gainers) is PT Dian Swastatika Sentosa Tbk (DSSA) rose Rp2.650 to Rp16.350, PT Smart Tbk (SMAR) rose Rp750 to Rp7.950 and PT Lionmesh Prima Tbk (LMSH) rose Rp700 to Rp5 .600.
Meanwhile, a weakened stock (top lossers) is Multibreeder Indonesia Tbk PT (MBAI) down 300 to Rp24.700, PT Chandra Asri Petrochemical Tbk (TPIA) down Rp125 to Rp4.125 and PT Bank Central Asia Tbk (BBCA) down 100 to Rp7.150. (GoFinance)
IHSG, in late trade on Friday (05/27/2011) moves rose 17.56 points, or 0.5 points to 3832. LQ45 rose 2.41 points, or 0.4 percent, to 681.29.
Asian indices move up this afternoon. The Nikkei rose 14.58 points, or 0.15 percent to 9 / 576, Hang Seng rose 227.1 points, or 0.99 percent to 23,127 and the Straits Times rose 27.54 points, or 0.88 percent to 3151.
But European indexes looked depressed. DAX dropped 56.85 points, or 0.79 percent to 7114, CAC fell 11.77 points, or 0.3 percent, to 3917 and the FTSE rose to Rp10, 85 points, or 0.18 percent to 5880.
The entire compact sector index gained supporters. Plantation sector rose 50.61 points, or 2.2 percent, mining sector rose 13.16 points, or 0.4 per cent and the financial sector rose 2.58 points, or 0.5 percent.
The volume of transactions recorded 2.5 billion shares valued at Rp2, 95 trillion. As many as 128 stocks advanced, 97 stocks fell and 104 shares stagnated.
Stocks that move strengthened (Top gainers) is PT Dian Swastatika Sentosa Tbk (DSSA) rose Rp2.650 to Rp16.350, PT Smart Tbk (SMAR) rose Rp750 to Rp7.950 and PT Lionmesh Prima Tbk (LMSH) rose Rp700 to Rp5 .600.
Meanwhile, a weakened stock (top lossers) is Multibreeder Indonesia Tbk PT (MBAI) down 300 to Rp24.700, PT Chandra Asri Petrochemical Tbk (TPIA) down Rp125 to Rp4.125 and PT Bank Central Asia Tbk (BBCA) down 100 to Rp7.150. (GoFinance)
Tuesday, May 24, 2011
::First quarter of 2011, China's Balance of Payments Only Surplus USD29, 8 M>>
Go Finance Reporting in BEIJING - China's balance of payments recorded a surplus in the first quarter of 2011. Nevertheless, the amount of surplus is down 18 percent from the same period last year.
China's trade balance, which could affect world trade, reaching USD29, 8 billion in the first three months of this year. This was revealed by the State Administration for Foreign Exchange (SAFE), China said in a statement, as quoted by AFP on Tuesday (05/24/2011).
This figure is markedly lower when compared to the fourth quarter of last year which amounted to USD102, 1 billion. While direct investment into the country's second largest economy in the world reached USD42, 6 billion in the first quarter compared to the previous $ 39, 1 billion.
In 2010, China's current account surplus jumped 17 percent to USD305, 4 billion, where the demand from the United States (U.S.) and Europe toward China, rebounded after the global financial crisis.
While the increasing demand for Chinese goods to encourage growth. This means China's central bank, must work harder to control the value of the yuan and to stem the flood of liquidity, which has fueled inflation (GoFinance)
China's trade balance, which could affect world trade, reaching USD29, 8 billion in the first three months of this year. This was revealed by the State Administration for Foreign Exchange (SAFE), China said in a statement, as quoted by AFP on Tuesday (05/24/2011).
This figure is markedly lower when compared to the fourth quarter of last year which amounted to USD102, 1 billion. While direct investment into the country's second largest economy in the world reached USD42, 6 billion in the first quarter compared to the previous $ 39, 1 billion.
In 2010, China's current account surplus jumped 17 percent to USD305, 4 billion, where the demand from the United States (U.S.) and Europe toward China, rebounded after the global financial crisis.
While the increasing demand for Chinese goods to encourage growth. This means China's central bank, must work harder to control the value of the yuan and to stem the flood of liquidity, which has fueled inflation (GoFinance)
::Gold Prices Make New Record Again!>>
Go Finance Reporting in SINGAPORE - The price of gold reached its highest price since last two week of the position of USD1.517, 29 per ounce. This precious metal prices skyrocketing because of fears over the crisis that hit Europe.
As quoted by Reuters on Tuesday (05/24/2011), gold was in the number USD1.517, 29 per ounce or rose $ 1, 24. In the previous trading period, gold was even perched on USD1.517, 74 per ounce, gold is the highest price since 11 May.
Gold price increase was driven by negative market sentiment for the dollar value of the United States (U.S.) has weakened against the euro. The value of gold in euro currency also hit a record high at 1081.43 euros per ounce.
Although gold prices again soared, the price of silver remains stagnant at the level of price USD35, 04 per ounce, the price is still below its highest price since April, which soared to USD 49.51 per ounce. (GoFinance)
As quoted by Reuters on Tuesday (05/24/2011), gold was in the number USD1.517, 29 per ounce or rose $ 1, 24. In the previous trading period, gold was even perched on USD1.517, 74 per ounce, gold is the highest price since 11 May.
Gold price increase was driven by negative market sentiment for the dollar value of the United States (U.S.) has weakened against the euro. The value of gold in euro currency also hit a record high at 1081.43 euros per ounce.
Although gold prices again soared, the price of silver remains stagnant at the level of price USD35, 04 per ounce, the price is still below its highest price since April, which soared to USD 49.51 per ounce. (GoFinance)
::Wall Street Down Low Last Month>>
Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) closed at its lowest in a month. The weakening was due to increased worries market players will be weak economic data in global manufacturing.
Stock-based industries, energy and technology, or who has a close relationship with economic growth weakened. Where is the low performance of manufacturing industry in Germany and China gives investors a reason to exit the market.
Mining machinery manufacturer Caterpillar Inc. lost 2.3 percent to USD101, 89, while the industrial sector of the S & P index lost 1.4 percent and the S & P info-technology sector index decreased 1.5 percent.
The case of the euro zone debt crisis increased the anxiety of investors. Trade this stock reflects the negative combination of negative sentiment. "The combination of cooling global economy and increased risk of Europe," according to ING head of stock trading Paul Zemsky, as quoted by Reuters in New York.
Negative sentiment coming from Greece and Italy downgrades and the results of elections in Spain that raised concerns about the deepening of the euro zone debt problems. The euro reached its lowest level in two months against the U.S. currency.
In late trading on Monday (05/24/2011) local time, the Dow Jones Industrial fell 130.78 points, or 1.05 percent, to 12381.26. Standard & Poor's 500 lost 15.90 points, or 1.19 percent, to 1317.37. And the Nasdaq fell 44.42 points, or 1.58 percent to 2758.90. (GoFinance)
Stock-based industries, energy and technology, or who has a close relationship with economic growth weakened. Where is the low performance of manufacturing industry in Germany and China gives investors a reason to exit the market.
Mining machinery manufacturer Caterpillar Inc. lost 2.3 percent to USD101, 89, while the industrial sector of the S & P index lost 1.4 percent and the S & P info-technology sector index decreased 1.5 percent.
The case of the euro zone debt crisis increased the anxiety of investors. Trade this stock reflects the negative combination of negative sentiment. "The combination of cooling global economy and increased risk of Europe," according to ING head of stock trading Paul Zemsky, as quoted by Reuters in New York.
Negative sentiment coming from Greece and Italy downgrades and the results of elections in Spain that raised concerns about the deepening of the euro zone debt problems. The euro reached its lowest level in two months against the U.S. currency.
In late trading on Monday (05/24/2011) local time, the Dow Jones Industrial fell 130.78 points, or 1.05 percent, to 12381.26. Standard & Poor's 500 lost 15.90 points, or 1.19 percent, to 1317.37. And the Nasdaq fell 44.42 points, or 1.58 percent to 2758.90. (GoFinance)
::Finally, IHSG Wake from Sleep>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) could eventually rise over the past two days behind this decline. Asian stocks began to recover, and European markets also opened higher.
IHSG Tuesday (05/24/2011) afternoon monitored rose slightly by 7.49 points, or 0.20 percent to a position equivalent to 3785.94. While the LQ45 index also rose by 0.01 points to 673.41, and the Jakarta Islamic Index (JII) rose 0.60 points to 524.89.
Asian stocks also show off, the Hang Seng rose 19.76 points to 22,730, Japan's Nikkei 225 index rose 16.54 points to level 9477, and the Straits Times index edged up 8.91 points to 3119.
The value of the transaction recorded until this afternoon Rp3, 687 trillion, with volume of 5.65 billion shares. Where monitored stocks rose 165, 67 shares fell, and 88 stocks still in place, aka stagnant.
Stocks that rose among the PT Goodyear Indonesia Tbk (GDYR) rose Rp500 to Rp12.500, PT Mayora Indah Tbk (MYOR) rose Rp500 to Rp12.200, and PT Bayan Resources Tbk (ITMG) rose Rp450 to Rp46. 700.
Meanwhile, stocks that fell among the PT Dian Swastatika Sentosa Tbk (DSSA) down Rp2.500 to Rp15.500, PT Astra International Tbk (ASII) down Rp1.100 to Rp58.100, as well as PT Federal (AUTO) down Rp450 to Rp16.100. (GoFinance)
IHSG Tuesday (05/24/2011) afternoon monitored rose slightly by 7.49 points, or 0.20 percent to a position equivalent to 3785.94. While the LQ45 index also rose by 0.01 points to 673.41, and the Jakarta Islamic Index (JII) rose 0.60 points to 524.89.
Asian stocks also show off, the Hang Seng rose 19.76 points to 22,730, Japan's Nikkei 225 index rose 16.54 points to level 9477, and the Straits Times index edged up 8.91 points to 3119.
The value of the transaction recorded until this afternoon Rp3, 687 trillion, with volume of 5.65 billion shares. Where monitored stocks rose 165, 67 shares fell, and 88 stocks still in place, aka stagnant.
Stocks that rose among the PT Goodyear Indonesia Tbk (GDYR) rose Rp500 to Rp12.500, PT Mayora Indah Tbk (MYOR) rose Rp500 to Rp12.200, and PT Bayan Resources Tbk (ITMG) rose Rp450 to Rp46. 700.
Meanwhile, stocks that fell among the PT Dian Swastatika Sentosa Tbk (DSSA) down Rp2.500 to Rp15.500, PT Astra International Tbk (ASII) down Rp1.100 to Rp58.100, as well as PT Federal (AUTO) down Rp450 to Rp16.100. (GoFinance)
::Rupiah weakened Again and Again!>>
Go Finance Reporting in JAKARTA - The rupiah to trade this time sinkhole again in the middle of the strengthening U.S. dollar (U.S.).
The strengthening dollar is supported by the Greek bond grew stronger after Fitch and S & P lowered the previous back Greece's debt ratings. Fitch downgraded Greece to B +.
Apart from Greece, some European countries have also threatened downgrades outlook such as Italy and Belgium. The Greek government tried to attract the sympathy of investors by approving the sale of assets in bulk and reducing the government budget amounted to six billion euros, or $ 8, 4 billion. But the plan has not helped improve investor sentiment.
As quoted from yahoofinance, the dollar climbed against the euro, in which the euro traded at 1.4086 per USD level. Pounds also weakened to 1.6125 per USD, and the Australian dollar also weakened to 1.0568 per U.S. dollar.
And the rupiah weakened to Rp8.587 top dollar. The range of trade dollars in Rp8.572-Rp8.587 per USD.
Meanwhile, the middle rate of Bank Indonesia (BI) was observed to weaken Rp8.568 per USD compared to earlier in the Rp8.561 per USD. Rp8.611 selling dollars at the exchange rate per USD and the buying rate at Rp8.525 per USD. (GoFinance)
The strengthening dollar is supported by the Greek bond grew stronger after Fitch and S & P lowered the previous back Greece's debt ratings. Fitch downgraded Greece to B +.
Apart from Greece, some European countries have also threatened downgrades outlook such as Italy and Belgium. The Greek government tried to attract the sympathy of investors by approving the sale of assets in bulk and reducing the government budget amounted to six billion euros, or $ 8, 4 billion. But the plan has not helped improve investor sentiment.
As quoted from yahoofinance, the dollar climbed against the euro, in which the euro traded at 1.4086 per USD level. Pounds also weakened to 1.6125 per USD, and the Australian dollar also weakened to 1.0568 per U.S. dollar.
And the rupiah weakened to Rp8.587 top dollar. The range of trade dollars in Rp8.572-Rp8.587 per USD.
Meanwhile, the middle rate of Bank Indonesia (BI) was observed to weaken Rp8.568 per USD compared to earlier in the Rp8.561 per USD. Rp8.611 selling dollars at the exchange rate per USD and the buying rate at Rp8.525 per USD. (GoFinance)
Monday, May 23, 2011
::Asia Down, Gold Prices shot up>>
Go Finance Reporting in HONG KONG - Worries in the euro-zone interest euro to a record low against the Swiss franc. As a result, the flow of funds into riskier assets such as Asian stocks fell and switch to safe-haven investments like U.S. government bonds and gold.
The euro was under renewed selling pressure after Fitch Ratings cut Greece's debt ratings for the third time. This is increasingly making the country worse. While Standard & Poor's cut the outlook for Italy to "negative" from the previous "stable".
The flow of bad news out of the euro zone and the resultant weakening of economic data in the U.S. also make Asian stocks weakened.
"Concerns continue to slump in U.S. stock market led investors step carefully about the background of a severe global economy, and this will continue until June," said a market analyst at Hyundai Securities, Bae Sung-young, as quoted by Reuters on Monday (05/23/2011).
Japan index, the Nikkei index and Australia fell more than one percent. Seoul shares down nearly two percent, led by a decline in shares of Hyundai Motor and Kia Motors due to a strike at one supplier that disrupted production tails. Outside Japan, MSCI's index of Asia Pacific stocks fell 1.7 percent.
U.S. Treasury rose to 3.12 percent immediately, whereas previously fell 3.15 percent. Gold prices also now park in the level of USD1.506, 5 per ounce. (GoFinance)
The euro was under renewed selling pressure after Fitch Ratings cut Greece's debt ratings for the third time. This is increasingly making the country worse. While Standard & Poor's cut the outlook for Italy to "negative" from the previous "stable".
The flow of bad news out of the euro zone and the resultant weakening of economic data in the U.S. also make Asian stocks weakened.
"Concerns continue to slump in U.S. stock market led investors step carefully about the background of a severe global economy, and this will continue until June," said a market analyst at Hyundai Securities, Bae Sung-young, as quoted by Reuters on Monday (05/23/2011).
Japan index, the Nikkei index and Australia fell more than one percent. Seoul shares down nearly two percent, led by a decline in shares of Hyundai Motor and Kia Motors due to a strike at one supplier that disrupted production tails. Outside Japan, MSCI's index of Asia Pacific stocks fell 1.7 percent.
U.S. Treasury rose to 3.12 percent immediately, whereas previously fell 3.15 percent. Gold prices also now park in the level of USD1.506, 5 per ounce. (GoFinance)
::"The IMF's Director Selection Should Process Transparent">>
Go Finance Reporting in BERLIN - German Finance Minister Christine Lagarde said if that came from France crowned a new candidate to replace the leader of the International Monetary Fund (IMF).
Langarde emerged as the second choice to replace Dominique Strauss-Kahn, who also came from France, where Kahn has resigned this week due to allegations of sexual assault.
German finance minister, Germany Wolfgang Schaeuble also explain if langarde will provide the best opportunity for Europe if it can be a leader for the IMF. "Europe will have the best chance if Langarde IMF could be a leader," he said as quoted from Assotiation Press (AP), Monday (05/23/2011).
He explained also, Langarde is someone who is very qualified and highly respected and valued in the financial world. The IMF stressed that since Strauss's resignation does not disrupt the daily activities of the IMF. But clearly still needed a replacement as soon as possible in order to lead the organization, an organization whose function is to lend billions in stabilizing the world economy.
24 The executive council which will choose who the right people in place Srass-Kahn has held preliminary discussions on Friday at the IMF headquarters, Washington. They claim if the selection will be completed by the end of next month.
Meanwhile, Chairman of the organization's policy advisory committee, Finance Minister Tharman Shanmugaratnam Singapore, said that if the new IMF chief selection process should be open and transparent.
For information, Langarde currently 55 years old. Having a clean image and has been praised for his intelligence he had. For example, while helping to overcome the global financial crisis in Europe. He speaks English perfectly and most importantly, most of his career spent in the United States. (GoFinance)
Langarde emerged as the second choice to replace Dominique Strauss-Kahn, who also came from France, where Kahn has resigned this week due to allegations of sexual assault.
German finance minister, Germany Wolfgang Schaeuble also explain if langarde will provide the best opportunity for Europe if it can be a leader for the IMF. "Europe will have the best chance if Langarde IMF could be a leader," he said as quoted from Assotiation Press (AP), Monday (05/23/2011).
He explained also, Langarde is someone who is very qualified and highly respected and valued in the financial world. The IMF stressed that since Strauss's resignation does not disrupt the daily activities of the IMF. But clearly still needed a replacement as soon as possible in order to lead the organization, an organization whose function is to lend billions in stabilizing the world economy.
24 The executive council which will choose who the right people in place Srass-Kahn has held preliminary discussions on Friday at the IMF headquarters, Washington. They claim if the selection will be completed by the end of next month.
Meanwhile, Chairman of the organization's policy advisory committee, Finance Minister Tharman Shanmugaratnam Singapore, said that if the new IMF chief selection process should be open and transparent.
For information, Langarde currently 55 years old. Having a clean image and has been praised for his intelligence he had. For example, while helping to overcome the global financial crisis in Europe. He speaks English perfectly and most importantly, most of his career spent in the United States. (GoFinance)
::Oops, IHSG Down 94 Points>>
Go Finance Reporting in JAKARTA - The negative sentiment of European debt worries create panic selling in global capital markets. As a result, Composite Stock Price Index (IHSG) plummeted to 94 points in trading early this week.
IHSG, in late trading on Monday (05/23/2011) fell 94.5 points or 2.4 percent, to 3778.45. And LQ45 down 18.44 points, or 2.7 percent, to 673.4.
Asian indices also seem to be moving to weaken. The Nikkei fell 146.45 points, or 1.52 percent, to 9460, the Hang Seng fell by 500 points or 2.16 points, or 22,698 and Straits Times fell 54.53 points, or 1.72 percent.
European indices also opened gloomily. FTSE down 87.94 points, or 1.48 percent to 5860, DAX fell 129.49 points, or 1.78 percent, to 7137.33 and the CAC down 65.15 points, or 1.63 percent to 3925.
Sector advocates compact stock index weakened. Plantation sector, down 77.36 points, or 3.3 percent, mining sector, down 84.07 points, or 2.6 percent and the financial sector fell 15.64 points, or 3.1 percent.
Transaction volume there were 6.9 billion shares worth Rp 4, 999 trillion in foreign where do nett sell Rp675, 38 trillion. As many as 255 stocks fell, 31 stocks rose and 44 shares remain stagnant.
Stocks that move down (top lossers) is PT Astra International Tbk (ASII) down Rp2.800, PT Dian Swastatika Sentosa Tbk (DSSA), down 1,000 to Rp18.000 and PT Astra Agro Lestari Tbk (AALI) down Rp850 to Rp23 .150.
While stocks are moving to strengthen (Top gainers), among others, PT Surya Toto Indonesia Tbk (TOTO) rose Rp4.000, PT Miltibreeder MULTIBREEDER Indonesia Tbk (MBAI) rose Rp500 to Rp24.950 and PT Colorpak Indonesia Tbk (CLPI) rose to Rp900 Rp90. (GoFinance)
IHSG, in late trading on Monday (05/23/2011) fell 94.5 points or 2.4 percent, to 3778.45. And LQ45 down 18.44 points, or 2.7 percent, to 673.4.
Asian indices also seem to be moving to weaken. The Nikkei fell 146.45 points, or 1.52 percent, to 9460, the Hang Seng fell by 500 points or 2.16 points, or 22,698 and Straits Times fell 54.53 points, or 1.72 percent.
European indices also opened gloomily. FTSE down 87.94 points, or 1.48 percent to 5860, DAX fell 129.49 points, or 1.78 percent, to 7137.33 and the CAC down 65.15 points, or 1.63 percent to 3925.
Sector advocates compact stock index weakened. Plantation sector, down 77.36 points, or 3.3 percent, mining sector, down 84.07 points, or 2.6 percent and the financial sector fell 15.64 points, or 3.1 percent.
Transaction volume there were 6.9 billion shares worth Rp 4, 999 trillion in foreign where do nett sell Rp675, 38 trillion. As many as 255 stocks fell, 31 stocks rose and 44 shares remain stagnant.
Stocks that move down (top lossers) is PT Astra International Tbk (ASII) down Rp2.800, PT Dian Swastatika Sentosa Tbk (DSSA), down 1,000 to Rp18.000 and PT Astra Agro Lestari Tbk (AALI) down Rp850 to Rp23 .150.
While stocks are moving to strengthen (Top gainers), among others, PT Surya Toto Indonesia Tbk (TOTO) rose Rp4.000, PT Miltibreeder MULTIBREEDER Indonesia Tbk (MBAI) rose Rp500 to Rp24.950 and PT Colorpak Indonesia Tbk (CLPI) rose to Rp900 Rp90. (GoFinance)
::Companies Asked to Adopt International Accounting Reporting Standards>>
Go Finance Reporting in KUTA - All public companies both state and private sectors are expected to soon adopt international accounting reporting standards so that reporting could be more transparent and credible.
Total of 21 countries in the Asia-Oceania was gathered in Bali to discuss important issues in the application of international accounting reporting standards or International Financial Reporting Standards (IFRS).
Vice President Boediono said, diversion or Indonesian accounting standards convergence with international accounting standards is not easy.
"Convergence is not just a matter of IFRS accounting, but the main purpose of the convergence of IFRS is to improve the quality and transparency of financial statements of companies in Indonesia," Boediono said during a keynote speaker at the 5th International Finance (IFRS) in Kuta, Bali, on Monday (05/23/2011).
Boediono claim to be happy because of the convergence of IFRS is also supported by other regulators such as Bapepam, Institute of Finance, Bank Indonesia and the Ministry of SOEs. With that support, become imperative for companies under their supervision to use the IFRS-based GAAP.
"Hopefully, this support can also be followed by other regulators, so that business people in Indonesia can enjoy the synergy of these regulators," he hoped.
Within that framework, Boediono Indonesia declared immediately summon other regulators, to support initiatives by Indonesian Institute of Accountants in complete convergence of IFRS.
Boediono official opening IFRS regional policy forums fifth place from May 23 to 26 who followed 300 participants from 21 countries. Also present Deputy Minister of Finance Anny Ratnawati, officials of Bank Indonesia, Directorate General of Taxation and others.
Vice President added that this event is very important and strategic for Indonesia, because it can explain the world how to build a convergence of IFRS in Indonesia.
"Through this activity could be to convey a message to the world that the Indonesian government strongly supports the ongoing convergence of IFRS," said Chairman of the National Board of Indonesian Institute of Accountants Mardiasmo.
As is known, IFRS Regional Policy Forum is the only international meeting was attended not only the standard-makers, but also regulators and government officials from 21 countries.
Mardiasmo suggests, this event is an annual event in the Asia-Oceania. The meeting is important to set standards of financial accounting, policy makers, regulators and governments to jointly discuss issues about the broader role of each party in financial reporting.
Some interesting topics to be discussed include how the role of local council jurisdictions adopt IFRS accounting standards. (GoFinance)
Total of 21 countries in the Asia-Oceania was gathered in Bali to discuss important issues in the application of international accounting reporting standards or International Financial Reporting Standards (IFRS).
Vice President Boediono said, diversion or Indonesian accounting standards convergence with international accounting standards is not easy.
"Convergence is not just a matter of IFRS accounting, but the main purpose of the convergence of IFRS is to improve the quality and transparency of financial statements of companies in Indonesia," Boediono said during a keynote speaker at the 5th International Finance (IFRS) in Kuta, Bali, on Monday (05/23/2011).
Boediono claim to be happy because of the convergence of IFRS is also supported by other regulators such as Bapepam, Institute of Finance, Bank Indonesia and the Ministry of SOEs. With that support, become imperative for companies under their supervision to use the IFRS-based GAAP.
"Hopefully, this support can also be followed by other regulators, so that business people in Indonesia can enjoy the synergy of these regulators," he hoped.
Within that framework, Boediono Indonesia declared immediately summon other regulators, to support initiatives by Indonesian Institute of Accountants in complete convergence of IFRS.
Boediono official opening IFRS regional policy forums fifth place from May 23 to 26 who followed 300 participants from 21 countries. Also present Deputy Minister of Finance Anny Ratnawati, officials of Bank Indonesia, Directorate General of Taxation and others.
Vice President added that this event is very important and strategic for Indonesia, because it can explain the world how to build a convergence of IFRS in Indonesia.
"Through this activity could be to convey a message to the world that the Indonesian government strongly supports the ongoing convergence of IFRS," said Chairman of the National Board of Indonesian Institute of Accountants Mardiasmo.
As is known, IFRS Regional Policy Forum is the only international meeting was attended not only the standard-makers, but also regulators and government officials from 21 countries.
Mardiasmo suggests, this event is an annual event in the Asia-Oceania. The meeting is important to set standards of financial accounting, policy makers, regulators and governments to jointly discuss issues about the broader role of each party in financial reporting.
Some interesting topics to be discussed include how the role of local council jurisdictions adopt IFRS accounting standards. (GoFinance)
Saturday, May 21, 2011
::Christine Lagarde, The Strong Candidates for New IMF boss>>
Go Finance Reporting in WASHINGTON - French Finance Minister Christine Lagarde emerged as Europe's choice to head the IMF. With the rapid advancement of this Lagarde, prospective Turkish Kemal Dervis automatically be eliminated.
The IMF itself has been led by Europeans since 1946. Analysts said Lagarde big chance to replace Dominique Strauss-Kahn as IMF managing director, after Strauss-Kahn resigned to deal with cases of sexual violence in New York.
Lagarde practical could come as the EU candidate to replace Dominique Strauss-Kahn as IMF managing director. "He's the front runner at this stage, but the race has not started yet," said former IMF economist Michael Mussa, who is now at the Peterson Institute for International Economics as quoted by Reuters on Saturday (05/21/2011).
Meanwhile, Turkey is highly respected economist and also former head of the UN Development Program Kemal Dervis Lagarde ruled out his candidacy in advance of this. While Dervis has been widely accepted and regarded as a good candidate for developing countries and the European Union.
"I have not, and will not be a candidate. I am fully involved in, pleased with, and focused on my global work at the Brookings Institution and hope to continue my research and policy work, including work in Turkey," he said in a statement.
Appears economic strength of developing countries like China, India and Brazil are calling for an end to European dominance in a key position in the IMF. The IMF itself will choose a successor to Strauss-Kahn as new managing director of the IMF on June 30, 2011. (GoFinance)
The IMF itself has been led by Europeans since 1946. Analysts said Lagarde big chance to replace Dominique Strauss-Kahn as IMF managing director, after Strauss-Kahn resigned to deal with cases of sexual violence in New York.
Lagarde practical could come as the EU candidate to replace Dominique Strauss-Kahn as IMF managing director. "He's the front runner at this stage, but the race has not started yet," said former IMF economist Michael Mussa, who is now at the Peterson Institute for International Economics as quoted by Reuters on Saturday (05/21/2011).
Meanwhile, Turkey is highly respected economist and also former head of the UN Development Program Kemal Dervis Lagarde ruled out his candidacy in advance of this. While Dervis has been widely accepted and regarded as a good candidate for developing countries and the European Union.
"I have not, and will not be a candidate. I am fully involved in, pleased with, and focused on my global work at the Brookings Institution and hope to continue my research and policy work, including work in Turkey," he said in a statement.
Appears economic strength of developing countries like China, India and Brazil are calling for an end to European dominance in a key position in the IMF. The IMF itself will choose a successor to Strauss-Kahn as new managing director of the IMF on June 30, 2011. (GoFinance)
::Weekends, the Dow Jones Cs Finally Down>>
Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) tumbled over the weekend due to fears over the euro zone debt and the projected financial performance is weaker than the Gap.
"It seems there are some potential risks that come here," said chief investment officer Calvert Investment Management Inc. Natalie Trunow as quoted by Reuters in Bethesda, Maryland.
Shares of large multinational companies, which generally tend to rely on overseas sales price declined as a stronger dollar against the euro. Shares of 3M producers fell 1.2 percent to USD93, 56.
The euro fell nearly one percent over disputes about how to deal with debt problems in Greece and Spain ahead of local elections. Gap Inc. fell 17.5 percent to USD19, 22 after projected revenue this year will go down due to rising cotton prices. S & P Retail Index fell 1.4 percent.
"Economic recovery and macroeconomic picture seems to suggest the term drag on economic recovery slower long. Unless we see many positive surprises on economic indicators, I think some negative events will continue weighing on the market," he said.
At the close of trading on Friday (05/20/2011) local time, the Dow Jones industrial fell 93.28 points, or 0.74 percent, to 12,512.04. The broader Standard & Poor's 500 index dropped 10.33 points, or 0.77 percent to 1333.27. And the Nasdaq Composite Index fell 19.99 points, or 0.71 percent, to 2803.32. For this week, the Dow fell 0.7 percent, the S & P 500 lost 0.3 percent and the Nasdaq down 0.9 percent. (GoFinance)
"It seems there are some potential risks that come here," said chief investment officer Calvert Investment Management Inc. Natalie Trunow as quoted by Reuters in Bethesda, Maryland.
Shares of large multinational companies, which generally tend to rely on overseas sales price declined as a stronger dollar against the euro. Shares of 3M producers fell 1.2 percent to USD93, 56.
The euro fell nearly one percent over disputes about how to deal with debt problems in Greece and Spain ahead of local elections. Gap Inc. fell 17.5 percent to USD19, 22 after projected revenue this year will go down due to rising cotton prices. S & P Retail Index fell 1.4 percent.
"Economic recovery and macroeconomic picture seems to suggest the term drag on economic recovery slower long. Unless we see many positive surprises on economic indicators, I think some negative events will continue weighing on the market," he said.
At the close of trading on Friday (05/20/2011) local time, the Dow Jones industrial fell 93.28 points, or 0.74 percent, to 12,512.04. The broader Standard & Poor's 500 index dropped 10.33 points, or 0.77 percent to 1333.27. And the Nasdaq Composite Index fell 19.99 points, or 0.71 percent, to 2803.32. For this week, the Dow fell 0.7 percent, the S & P 500 lost 0.3 percent and the Nasdaq down 0.9 percent. (GoFinance)
Thursday, May 19, 2011
::Gold Prices Only Rise Thin>>
Go Finance Reporting in SINGAPORE - The price of gold moves while thin silver prices began to move up. Where previously the gold price has increased due to the weakening United States dollar (U.S.).
As quoted by Reuters on Thursday (05/19/2011) the price of gold in the spot market is stable USD1.496 per ounce, little changed from the previous USD1.496, 60.
Meanwhile, silver prices in the spot market rose 1.6 percent to USD35, 58 after an increase of three percent in the previous session.
Commodity prices may face further correction in the short term after the recent decline, but it is projected to lead to growth in demand.
Commodities will experience the largest increase over the past two months, in which it is caused by a spike in oil prices and commodity grains. (GoFinance)
As quoted by Reuters on Thursday (05/19/2011) the price of gold in the spot market is stable USD1.496 per ounce, little changed from the previous USD1.496, 60.
Meanwhile, silver prices in the spot market rose 1.6 percent to USD35, 58 after an increase of three percent in the previous session.
Commodity prices may face further correction in the short term after the recent decline, but it is projected to lead to growth in demand.
Commodities will experience the largest increase over the past two months, in which it is caused by a spike in oil prices and commodity grains. (GoFinance)
::Dow Jones Cs Boosted Firmer Oil Prices>>
Go Finance Reporting in NEW YORK - Wall Street ended a hit attenuation for three days in a row thanks to the reversal of commodity prices and strong financial performance from Dell.
Its rebound this market managed to lift the S & P that were previously dropped by two percent due to economic data below expectations.
"We saw this only briefly. But is sustainable? It is a multi-million-dollar question," said managing director David Stifel Nicolaus Capital Markets Lutz was quoted as saying by Reuters in Baltimore.
Earlier, the stock market slipped in line with the sharp decline in commodity prices which has encouraged investors divert their funds into other assets. Some investors believe the correction will continue, but the rise in the index fund managers are interested in buying shares at this low price position.
U.S. crude futures rose more than three percent, back above USD100 per barrel as a result of that crude oil inventories fell abruptly. Chevron Corp. rose 2.4 percent to USD102, 86, and is lifting the Dow stocks rose. Dell shares jumped 5.4 percent to USD16, 75 after reporting earnings that exceeded expectations.
At the close of trading on Wednesday (05/18/2011) local time, the Dow Jones industrial rose 80.60 points, or 0.65 percent to 12560.18. The broader Standard & Poor's 500 index rose 11.70 points, or 0.88 percent, to 1340.68. And the Nasdaq Composite Index grew 31.79 points, or 1.14 percent to 2815. (GoFinance)
Its rebound this market managed to lift the S & P that were previously dropped by two percent due to economic data below expectations.
"We saw this only briefly. But is sustainable? It is a multi-million-dollar question," said managing director David Stifel Nicolaus Capital Markets Lutz was quoted as saying by Reuters in Baltimore.
Earlier, the stock market slipped in line with the sharp decline in commodity prices which has encouraged investors divert their funds into other assets. Some investors believe the correction will continue, but the rise in the index fund managers are interested in buying shares at this low price position.
U.S. crude futures rose more than three percent, back above USD100 per barrel as a result of that crude oil inventories fell abruptly. Chevron Corp. rose 2.4 percent to USD102, 86, and is lifting the Dow stocks rose. Dell shares jumped 5.4 percent to USD16, 75 after reporting earnings that exceeded expectations.
At the close of trading on Wednesday (05/18/2011) local time, the Dow Jones industrial rose 80.60 points, or 0.65 percent to 12560.18. The broader Standard & Poor's 500 index rose 11.70 points, or 0.88 percent, to 1340.68. And the Nasdaq Composite Index grew 31.79 points, or 1.14 percent to 2815. (GoFinance)
::Foreign Nett Buy Rp30, 9 M, IHSG 19 Points Stronger>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) was observed to move strengthened as much as 19 points in the positive global indices.
IHSG, at the close of trading Thursday (05/19/2011) rose 19.6 points or 0.5 percent, to 3859.81. While LQ45 rose 4.85 points, or 0.7 percent, to 689.38.
Asian indices this afternoon moves mixed. The Hang Seng rose 152.24 points, or 0.66 percent to 23,163, the Straits Times rose 27.6 points, or 0.88 percent, to 3168.81, but the Nikkei fell 41.26 points, or 0.43 percent to 9620.82.
While the majority move to strengthen the European index. CAC rose 20.30 points, or 0.51 percent to 3998.30, DAX rose 50.59 points, or 0.69 percent to 7354 and the FTSE rose 33.39 points, or 0.56 percent to 5956.
Supporting sector index gained moving a majority stake. Plantation sector rose 23.28 points, or 1.0 percent, mining sector rose 24.64 points, or 0.8 percent and the financial sector rose 6.66 points, or 1.3 percent.
The volume of transactions recorded 6.23 billion shares worth Rp 4, 98 trillion with net buy amounted to Rp30, 9 billion. As many as 117 stocks advanced, 132 stocks and 87 stocks fell flat.
Stocks that move strengthened (Top gainers), among others, PT Astra International Tbk (ASII) rose Rp1.400 to Rp61.100, PT Bayan Resources Tbk (ITMG) rose Rp1.400 to Rp46.850 and PT HM Sampoerna tbk (HMSP) rose Rp700 to Rp28.700.
Stocks that move down (top lossers) is the PT Delta Djakarta Tbk (DLTA) down Rp1.500 to Rp126.500, Multibreeder Indonesia Tbk PT (MBAI) down Rp700 to Rp23.800 and PT United Tractors Tbk (UNTR) down 300 to Rp22.200. (GoFinance)
IHSG, at the close of trading Thursday (05/19/2011) rose 19.6 points or 0.5 percent, to 3859.81. While LQ45 rose 4.85 points, or 0.7 percent, to 689.38.
Asian indices this afternoon moves mixed. The Hang Seng rose 152.24 points, or 0.66 percent to 23,163, the Straits Times rose 27.6 points, or 0.88 percent, to 3168.81, but the Nikkei fell 41.26 points, or 0.43 percent to 9620.82.
While the majority move to strengthen the European index. CAC rose 20.30 points, or 0.51 percent to 3998.30, DAX rose 50.59 points, or 0.69 percent to 7354 and the FTSE rose 33.39 points, or 0.56 percent to 5956.
Supporting sector index gained moving a majority stake. Plantation sector rose 23.28 points, or 1.0 percent, mining sector rose 24.64 points, or 0.8 percent and the financial sector rose 6.66 points, or 1.3 percent.
The volume of transactions recorded 6.23 billion shares worth Rp 4, 98 trillion with net buy amounted to Rp30, 9 billion. As many as 117 stocks advanced, 132 stocks and 87 stocks fell flat.
Stocks that move strengthened (Top gainers), among others, PT Astra International Tbk (ASII) rose Rp1.400 to Rp61.100, PT Bayan Resources Tbk (ITMG) rose Rp1.400 to Rp46.850 and PT HM Sampoerna tbk (HMSP) rose Rp700 to Rp28.700.
Stocks that move down (top lossers) is the PT Delta Djakarta Tbk (DLTA) down Rp1.500 to Rp126.500, Multibreeder Indonesia Tbk PT (MBAI) down Rp700 to Rp23.800 and PT United Tractors Tbk (UNTR) down 300 to Rp22.200. (GoFinance)
::Strengthening Dollar, Rupiah Not Affected>>
Go Finance Reporting in JAKARTA - The United States dollar (U.S.) began to strengthen and push other currencies. But, the rupiah today is still moving strong.
Amount, according to the exchange rate of Bank Indonesia (BI) on Thursday (05/19/2011) rose to Rp8.544 per USD compared with the previous period in Rp8.553 per USD. But according to yahoofinance, parking in Rp8.557 rupiah per USD with a daily trading range in Rp8.552-8562 per USD. U.S. dollar value of this time was trying to strengthen over other currencies.
As a result, the euro weakened to the 1.424 per USD, the yen also weakened to 81.89 per USD as well as the pounds fell to 1.6147 per U.S. dollar.
According to Samuel Securities analyst Lana Soelistianingsih Indonesia, the Fed policy makers, who come from 12 districts began to agree to a policy of contraction after the end of government bond purchase program (quantitative easing / QE), both valued at $ 600 billion, which ends next June with a strategy to start raise rates and make asset sales.
Both these policies will attract liquidity back into the monetary authority. The policy was made because the inflation rate began to strengthen while inflation expectations are still said to moderate.
However, economic growth actually experienced a decrease from the previous revision of 3.4 percent-3, 9 percent to 3.1 percent-3, 3 percent for 2011. One of the President of the Federal Reserve of St. Louis district signaling its benchmark interest rate (FFR) will be maintained until the end of 2011. This increase FFR will make the strengthening of the dollar due to increased demand for dollar-based assets. (GoFinance)
Amount, according to the exchange rate of Bank Indonesia (BI) on Thursday (05/19/2011) rose to Rp8.544 per USD compared with the previous period in Rp8.553 per USD. But according to yahoofinance, parking in Rp8.557 rupiah per USD with a daily trading range in Rp8.552-8562 per USD. U.S. dollar value of this time was trying to strengthen over other currencies.
As a result, the euro weakened to the 1.424 per USD, the yen also weakened to 81.89 per USD as well as the pounds fell to 1.6147 per U.S. dollar.
According to Samuel Securities analyst Lana Soelistianingsih Indonesia, the Fed policy makers, who come from 12 districts began to agree to a policy of contraction after the end of government bond purchase program (quantitative easing / QE), both valued at $ 600 billion, which ends next June with a strategy to start raise rates and make asset sales.
Both these policies will attract liquidity back into the monetary authority. The policy was made because the inflation rate began to strengthen while inflation expectations are still said to moderate.
However, economic growth actually experienced a decrease from the previous revision of 3.4 percent-3, 9 percent to 3.1 percent-3, 3 percent for 2011. One of the President of the Federal Reserve of St. Louis district signaling its benchmark interest rate (FFR) will be maintained until the end of 2011. This increase FFR will make the strengthening of the dollar due to increased demand for dollar-based assets. (GoFinance)
Saturday, May 14, 2011
::Investors Beware, Oil Prices Will Stable>>
Go Finance Reporting in LONDON - Closes this weekend, oil prices tend to be more stable when compared with the previous trade in which oil prices increased approximately two percent.
This is caused by the market makers tend to be cautious of the impact caused by flooding along the Mississippi River this week that could affect the number of refineries in the Southeast region.
Most of the refinery area of the Gulf countries do not necessarily hope for those affected by the flooding. Some of these refineries has prepared a variety of anticipation in order to anticipate the flood disaster by providing sandbags and prepare equipment and emergency measures to overcome it.
Nevertheless, one refinery in Baton Rouge, Los Angeles run by Alon USA Energy Inc., plans to close the refinery if the federal engineer large valve opening this weekend to divert flooding from Baton Rouge and New Orleans.
As reported by the site Associated Press (AP), Saturday (05/14/2011), Tradition Energy analyst Addison Armstrong said the flood could stop nearly 253 million cubic feet per day of natural gas production in Louisiana. Meanwhile, according to analyst Phil Flynn PFGBest, there are fears that crude oil shipments and other commercial traffic on the river can be slowed by high water. Delays in getting gasoline from refiners to wholesale may have contributed to higher pump prices in the Southeast and Midwest.
Benchmark crude for June delivery settled at USD99, 65 per barrel, up 68 cents on the New York Mercantile Exchange. In addition, oil has been stable this week, ranging from USD95 to USD104 per barrel. This means that oil prices rose two and a half percent for a week after losing 15 percent last week.
Despite last week's oil price decline, vehicle users all over the country pay nearly the same for gasoline, with the national average at $ 3, 982 per gallon, according to AAA, Wright Express and the Oil Price Information Service. Motorists in 15 states and the District of Columbia pay more than $ 4 per gallon. The average price of 17.4 cents more than that a month ago and $ 1, 092 more than a year ago.
Meanwhile, based on data from the United States Department of labor (USA), reported that inflation in April rose to its highest level in over two years of husband's dance consumers pay more for gas and food products. There are signs that inflationary pressures may begin to ease as oil prices, corn, wheat and other commodities have declined this month.
In other Nymex trading in the contract June heating oil rose 2.85 cents to settle at $ 2 positions, 9422 per gallon, gasoline futures added 1.05 cents to settle at $ 3, 0744 per gallon and natural gas rose 5.5 cents to settle at $ 4, 311 per 1,000 cubic feet.
In London, the ICE Futures exchange Brent crude oil increased by 85 cents to USD113, 83 per barrel. (GoFinance)
This is caused by the market makers tend to be cautious of the impact caused by flooding along the Mississippi River this week that could affect the number of refineries in the Southeast region.
Most of the refinery area of the Gulf countries do not necessarily hope for those affected by the flooding. Some of these refineries has prepared a variety of anticipation in order to anticipate the flood disaster by providing sandbags and prepare equipment and emergency measures to overcome it.
Nevertheless, one refinery in Baton Rouge, Los Angeles run by Alon USA Energy Inc., plans to close the refinery if the federal engineer large valve opening this weekend to divert flooding from Baton Rouge and New Orleans.
As reported by the site Associated Press (AP), Saturday (05/14/2011), Tradition Energy analyst Addison Armstrong said the flood could stop nearly 253 million cubic feet per day of natural gas production in Louisiana. Meanwhile, according to analyst Phil Flynn PFGBest, there are fears that crude oil shipments and other commercial traffic on the river can be slowed by high water. Delays in getting gasoline from refiners to wholesale may have contributed to higher pump prices in the Southeast and Midwest.
Benchmark crude for June delivery settled at USD99, 65 per barrel, up 68 cents on the New York Mercantile Exchange. In addition, oil has been stable this week, ranging from USD95 to USD104 per barrel. This means that oil prices rose two and a half percent for a week after losing 15 percent last week.
Despite last week's oil price decline, vehicle users all over the country pay nearly the same for gasoline, with the national average at $ 3, 982 per gallon, according to AAA, Wright Express and the Oil Price Information Service. Motorists in 15 states and the District of Columbia pay more than $ 4 per gallon. The average price of 17.4 cents more than that a month ago and $ 1, 092 more than a year ago.
Meanwhile, based on data from the United States Department of labor (USA), reported that inflation in April rose to its highest level in over two years of husband's dance consumers pay more for gas and food products. There are signs that inflationary pressures may begin to ease as oil prices, corn, wheat and other commodities have declined this month.
In other Nymex trading in the contract June heating oil rose 2.85 cents to settle at $ 2 positions, 9422 per gallon, gasoline futures added 1.05 cents to settle at $ 3, 0744 per gallon and natural gas rose 5.5 cents to settle at $ 4, 311 per 1,000 cubic feet.
In London, the ICE Futures exchange Brent crude oil increased by 85 cents to USD113, 83 per barrel. (GoFinance)
::Financial Report Create sinkhole Dow Jones 100 Points>>
Go Finance Reporting in New York - End of this week's stock market the United States (U.S.) is in the red line. This is because the market makers to ignore the inflation that occurred in the U.S., and poor earnings reports a number of firms in the U.S. so the impact on consumer confidence is also falling in the U.S..
As reported by AFP from the site on Saturday (05/14/2011), as far as the Dow Jones index plunged 100.85 points, or 0.79 percent to 12,595.07 at the close of trading positions yesterday.
Not much different, the S & P 500 index also declined by 10.95 points, or 0.81 percent, to 1,337.70. Meanwhile the Nasdaq index was also slumped as much as 34.57 points, or 1.21 percent to 2,828.47.
"At this point the financial markets continue to behave as the impact of throwing it open only the development of the United States economy, but also the development of global economy," said analyst with DA Davidson & Co., Frederic Dickson. (GoFinance)
As reported by AFP from the site on Saturday (05/14/2011), as far as the Dow Jones index plunged 100.85 points, or 0.79 percent to 12,595.07 at the close of trading positions yesterday.
Not much different, the S & P 500 index also declined by 10.95 points, or 0.81 percent, to 1,337.70. Meanwhile the Nasdaq index was also slumped as much as 34.57 points, or 1.21 percent to 2,828.47.
"At this point the financial markets continue to behave as the impact of throwing it open only the development of the United States economy, but also the development of global economy," said analyst with DA Davidson & Co., Frederic Dickson. (GoFinance)
Wednesday, May 11, 2011
::China Inflation Down to 5.3%>>
Go Finance Reporting in BEIJING - China's inflation slowed in April 2011 to 5.3 percent compared with the previous March in the position of 5.4 percent. However, the realization of inflation is still higher than expected.
So, still the Chinese Government is still possible to take steps further economic tightening. Data prices of some goods and bank lending indicates the government has to anticipate rising inflation.
"April data appear mixed. Where industrial production weakened but remains a strong investment. From the view of the whole, the economic situation is still relatively quite hot," said economist with Shao Yu Hongyuan Securities, as quoted by Reuters, in Shanghai.
"The economic indicators April is not off the possibility the central bank will raise the reserve ratio or raising interest rates. I believe that the central bank will, at least, increase reserve requirements once in two months," he added.
Production of the industry in China in April slowed to 13.4 percent (year on year) from 14.8 percent in March. (GoFinance)
So, still the Chinese Government is still possible to take steps further economic tightening. Data prices of some goods and bank lending indicates the government has to anticipate rising inflation.
"April data appear mixed. Where industrial production weakened but remains a strong investment. From the view of the whole, the economic situation is still relatively quite hot," said economist with Shao Yu Hongyuan Securities, as quoted by Reuters, in Shanghai.
"The economic indicators April is not off the possibility the central bank will raise the reserve ratio or raising interest rates. I believe that the central bank will, at least, increase reserve requirements once in two months," he added.
Production of the industry in China in April slowed to 13.4 percent (year on year) from 14.8 percent in March. (GoFinance)
::Stronger, Gold Prices Following Greek Debt Crisis>>
Go Finance Reporting in SINGAPORE - Gold prices rose for the fourth time moving along the strengthening of oil prices due to fears of debt crisis in Greece.
As quoted by Reuters on Wednesday (05/11/2011), price of gold in the spot market rose 0.2 percent to USD1.517, 94 per ounce. In the three previous trading sessions, the price of gold is always strong. Meanwhile, gold prices in the futures market moved slightly to USD1.518, 30.
Silver in the spot market price rose 0.9 percent to $ 38, 78 per ounce. This is an increase for the fourth time. While on the COMEX, silver prices rose 0.8 percent to $ 38, 77.
Greece earlier denied reports that mention it examines a loan of 60 billion euros for bailouts from international lenders with high interest rates. That's because the emergence of Greek concerns have to do without the help of EU restructuring.
Crude oil prices in the futures market rose to around USD104 per barrel after rising $ 1, 33 in the previous session. A stronger oil price is supported by fears of floods could hit the Gulf Coast refineries, the U.S. and concerns over China's oil demand. (GoFinance)
As quoted by Reuters on Wednesday (05/11/2011), price of gold in the spot market rose 0.2 percent to USD1.517, 94 per ounce. In the three previous trading sessions, the price of gold is always strong. Meanwhile, gold prices in the futures market moved slightly to USD1.518, 30.
Silver in the spot market price rose 0.9 percent to $ 38, 78 per ounce. This is an increase for the fourth time. While on the COMEX, silver prices rose 0.8 percent to $ 38, 77.
Greece earlier denied reports that mention it examines a loan of 60 billion euros for bailouts from international lenders with high interest rates. That's because the emergence of Greek concerns have to do without the help of EU restructuring.
Crude oil prices in the futures market rose to around USD104 per barrel after rising $ 1, 33 in the previous session. A stronger oil price is supported by fears of floods could hit the Gulf Coast refineries, the U.S. and concerns over China's oil demand. (GoFinance)
::Investors Focus on Earnings That Boost Wall Street>>
Go Finance Reporting in NEW YORK - The stock price rose again on the third day this week led by the utilities sector and other sectors that can boost profits. This is because the investors in the market betting on the growth of corporate profits, so put aside concerns about weakening demand.
For now, the equity market to filter potential problems that involve debt in the eurozone and a selloff in commodity speculation is a sign of weak economic growth.
"The market has absorbed most of the negative news so far and have to push higher. Based on the facts, investors focused on revenue recovery and growth," said a partner in San Mateo, California-based Grubb & Ellis Co., Jay Leupp, quoted by Reuters , on Wednesday (05/11/2011).
On average, the Dow Jones Industrial (DJI) rose 75.68 points, or 0.60 percent at 12760.36. The broader Standard & Poor's 500 (SPX) rebounded 10.87 points, or 0.81 percent to 1357.16. While the Nasdaq Composite Index (IXIC.) rose 28.64 points, or 1.01 percent to 2871.89.
Utilities sector in the S & P 500 is a utility (GSPU) which rose 1.3 percent. Although regarded as a sector which has low growth. This sector has risen 5.4 percent since April 8 when a recent U.S. bond yields began.
Other conditions that help support the market is the news of China's trade surplus, which slid on concern global economic growth slows.
On the other hand, Microsoft Corp. shares slumped 0.6 percent to $ 25, 67 after it announced plans to buy Internet phone service Skype for $ 8, 5 billion and the price is considered too expensive. And shares of eBay Inc., which owns shares in Skype, rose 2.5 percent to USD33, 93. (GoFinance)
For now, the equity market to filter potential problems that involve debt in the eurozone and a selloff in commodity speculation is a sign of weak economic growth.
"The market has absorbed most of the negative news so far and have to push higher. Based on the facts, investors focused on revenue recovery and growth," said a partner in San Mateo, California-based Grubb & Ellis Co., Jay Leupp, quoted by Reuters , on Wednesday (05/11/2011).
On average, the Dow Jones Industrial (DJI) rose 75.68 points, or 0.60 percent at 12760.36. The broader Standard & Poor's 500 (SPX) rebounded 10.87 points, or 0.81 percent to 1357.16. While the Nasdaq Composite Index (IXIC.) rose 28.64 points, or 1.01 percent to 2871.89.
Utilities sector in the S & P 500 is a utility (GSPU) which rose 1.3 percent. Although regarded as a sector which has low growth. This sector has risen 5.4 percent since April 8 when a recent U.S. bond yields began.
Other conditions that help support the market is the news of China's trade surplus, which slid on concern global economic growth slows.
On the other hand, Microsoft Corp. shares slumped 0.6 percent to $ 25, 67 after it announced plans to buy Internet phone service Skype for $ 8, 5 billion and the price is considered too expensive. And shares of eBay Inc., which owns shares in Skype, rose 2.5 percent to USD33, 93. (GoFinance)
::Stable Dollar, Rupiah Stronger to Rp8.546/USD>>
Go Finance Reporting in JAKARTA - Rupiah strengthened this time moving in the middle of the stable exchange rate U.S. dollar (U.S.).
Amount, according to the exchange rate of Bank Indonesia (BI) on Wednesday (05/11/2011) rose to Rp8.546 per USD, compared with the previous trading period in Rp8.553 per USD.
According yahoofinance, the rupiah is on Rp8.532 per USD with a daily trading range in Rp8.527-Rp8.557 per USD. In fact, this time the dollar exchange rate seem to be moving both ways on other currencies. The euro weakened to 1.4397 per USD, the pound rose to 1.6384 per USD and the yen weakened to 80.775 per U.S. dollar.
Demand for U.S. goods in the stronger seems to be one of positive sentiment for the dollar this time. U.S. sales data for March are announced by the Commerce Department re-recorded an increase of 2.9 percent after the previous mom
was down 0.3 percent in February.
At the same time the inventory level of trade continues to increase, recorded an increase of 1.1 percent mom. The increase in sales is higher than the increase in inventory indicates demand for U.S. goods in the more powerful. Inventory in Q1-2011 and reached a total value of USD43, 8 billion, up sharply compared to the fourth quarter of 2010 which only reached USD16, 2 billion.
Increasing the inventory is also followed by the increasing amount of that work, there were as many as 244 thousand additional workers in April. During the last quarter of 2011, U.S. real GDP grew by 1.8 percent. (GoFinance)
Amount, according to the exchange rate of Bank Indonesia (BI) on Wednesday (05/11/2011) rose to Rp8.546 per USD, compared with the previous trading period in Rp8.553 per USD.
According yahoofinance, the rupiah is on Rp8.532 per USD with a daily trading range in Rp8.527-Rp8.557 per USD. In fact, this time the dollar exchange rate seem to be moving both ways on other currencies. The euro weakened to 1.4397 per USD, the pound rose to 1.6384 per USD and the yen weakened to 80.775 per U.S. dollar.
Demand for U.S. goods in the stronger seems to be one of positive sentiment for the dollar this time. U.S. sales data for March are announced by the Commerce Department re-recorded an increase of 2.9 percent after the previous mom
was down 0.3 percent in February.
At the same time the inventory level of trade continues to increase, recorded an increase of 1.1 percent mom. The increase in sales is higher than the increase in inventory indicates demand for U.S. goods in the more powerful. Inventory in Q1-2011 and reached a total value of USD43, 8 billion, up sharply compared to the fourth quarter of 2010 which only reached USD16, 2 billion.
Increasing the inventory is also followed by the increasing amount of that work, there were as many as 244 thousand additional workers in April. During the last quarter of 2011, U.S. real GDP grew by 1.8 percent. (GoFinance)
::Positive Asia, IHSG up 19 pts>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) rose 19 points to move welcomed the announcement of the BI rate. The strengthening of this index is also in line with Asian indices are also looking positive.
IHSG, at the end of the first session of trading on Wednesday (05/11/2011) rose 19.18 points, or 0.5 percent, to 3819.7. LQ45 rose 5.00 points, or 0.7 percent, to 682.11 and the Jakarta Islamic Index (JII) rose 5.26 points, or 1.0 percent, to 529.57.
Asian indices also observed a positive move. The Nikkei rose 46.56 points, or 0.47 percent to 9865, Hang Seng rose 69.21 points, or 0.3 percent, to 23,405 and the Straits Times rose 14.38 points, or 0.46 percent to 3170.64.
Sector stock index was also majority support moves to strengthen. Plantation sector rose 26.38 points, or 1.2 percent, mining sector rose 7.63 points, or 0.2 per cent and the financial sector rose 2.23 points, or 0.4 percent.
The trading volume of 4.34 billion shares valued at Rp2, 14 trillion. A total of 129 rose, 77 fell and 107 shares of stock to stagnate.
Stocks that move strengthened (Top gainers) is PT Astra International Tbk (ASII) rose Rp1.150 to Rp58.100, PT Indosprings Tbk (inds) rose Rp950 to Rp4.825 and PT Indomobil Sukses Internasional Tbk (Imas) rose Rp450 to Rp8 .920.
While the stock is moving down (top lossers), among others, PT Sona Topas Tourism Industry Tbk (Sona) down Rp500 to Rp3.350, PT Sarana Tbk Menara Bersama (TOWR) down 300 to Rp10.200 and PT HM Sampoerna Tbk (HMSP) down Rp250 to Rp27.600. (GoFinance)
IHSG, at the end of the first session of trading on Wednesday (05/11/2011) rose 19.18 points, or 0.5 percent, to 3819.7. LQ45 rose 5.00 points, or 0.7 percent, to 682.11 and the Jakarta Islamic Index (JII) rose 5.26 points, or 1.0 percent, to 529.57.
Asian indices also observed a positive move. The Nikkei rose 46.56 points, or 0.47 percent to 9865, Hang Seng rose 69.21 points, or 0.3 percent, to 23,405 and the Straits Times rose 14.38 points, or 0.46 percent to 3170.64.
Sector stock index was also majority support moves to strengthen. Plantation sector rose 26.38 points, or 1.2 percent, mining sector rose 7.63 points, or 0.2 per cent and the financial sector rose 2.23 points, or 0.4 percent.
The trading volume of 4.34 billion shares valued at Rp2, 14 trillion. A total of 129 rose, 77 fell and 107 shares of stock to stagnate.
Stocks that move strengthened (Top gainers) is PT Astra International Tbk (ASII) rose Rp1.150 to Rp58.100, PT Indosprings Tbk (inds) rose Rp950 to Rp4.825 and PT Indomobil Sukses Internasional Tbk (Imas) rose Rp450 to Rp8 .920.
While the stock is moving down (top lossers), among others, PT Sona Topas Tourism Industry Tbk (Sona) down Rp500 to Rp3.350, PT Sarana Tbk Menara Bersama (TOWR) down 300 to Rp10.200 and PT HM Sampoerna Tbk (HMSP) down Rp250 to Rp27.600. (GoFinance)
Tuesday, May 10, 2011
::Gold Prices Following Down Oil Prices>>
Go Finance Reporting in SINGAPORE - Gold prices weakened accompany falling oil prices. This is caused by fears of debt crisis in Greece which will lower its ranking.
Oil prices fell more than one U.S. dollar on Tuesday after the CME Group trading margin increase in U.S. crude oil futures by 25 percent following a price surge on Monday.
"The increase in margin reduces the bullish sentiment in the market the commodities market," said an analyst at Phillip Futures Ong Yi Ling was quoted as saying by Reuters on Tuesday (05/10/2011).
He said gold prices could move towards USD1.500 per ounce. The increase in margin transactions in COMEX silver by CME Group for the last two weeks knocking on silver prices fell more than 25 percent compared to last week. This selling action also selling in commodity markets.
The price of silver in the spot market fell 0.7 percent to USD37, 63 per ounce by, after the rally to record up to six percent in the previous session. This is the biggest single-day rise rise in six months. While on the COMEX, silver prices rose 1.6 percent to USD37, 70 per ounce.
The price of gold in the spot market edged down 0.2 percent to USD1.509, 99 per ounce after rising in two consecutive sessions. Gold on COMEX rose half a percent to USD1.510, 60. (GoFinance)
Oil prices fell more than one U.S. dollar on Tuesday after the CME Group trading margin increase in U.S. crude oil futures by 25 percent following a price surge on Monday.
"The increase in margin reduces the bullish sentiment in the market the commodities market," said an analyst at Phillip Futures Ong Yi Ling was quoted as saying by Reuters on Tuesday (05/10/2011).
He said gold prices could move towards USD1.500 per ounce. The increase in margin transactions in COMEX silver by CME Group for the last two weeks knocking on silver prices fell more than 25 percent compared to last week. This selling action also selling in commodity markets.
The price of silver in the spot market fell 0.7 percent to USD37, 63 per ounce by, after the rally to record up to six percent in the previous session. This is the biggest single-day rise rise in six months. While on the COMEX, silver prices rose 1.6 percent to USD37, 70 per ounce.
The price of gold in the spot market edged down 0.2 percent to USD1.509, 99 per ounce after rising in two consecutive sessions. Gold on COMEX rose half a percent to USD1.510, 60. (GoFinance)
::Wall Street Follow Up its Rebound Stocks Commodities>>
Go Finance Reporting in NEW YORK - Stocks rose seconded monitored commodity stocks rebound from the devastation of last week. Thus diminish the doubts about what will sustain long-term market forces.
Last week, sales of large-scale material and oil stocks by investors push high-risk assets, where stocks ended down approximately one percent within a week.
"Commodity re-draw, can be good and bad. This is certainly good in which oil prices have pulled back because only one of the risks faced by consumers and the economy as a whole. But at the same time many of the benefits associated with commodity companies in the S & P prospects may be some sectors experienced a negative impact, "said chief market strategist, LPL Financial in Boston, Jeff Kleintop, quoted by Reuters on Tuesday (05/10/2011).
On average, the Dow Jones Industrial (DJI) rose 45.94 points, or 0.36 percent at 12684.68 position. The broader Standard & Poor's 500 (SPX) edged up 6.09 points, or 0.45 percent, to 1346.29. The Nasdaq Composite Index (IXIC) rose 15.69 points, or 0.55 percent to 2843.25.
On the other hand, he continued, in the future, investors could see increased volatility that may be moving cautiously and be alert. (GoFinance)
Last week, sales of large-scale material and oil stocks by investors push high-risk assets, where stocks ended down approximately one percent within a week.
"Commodity re-draw, can be good and bad. This is certainly good in which oil prices have pulled back because only one of the risks faced by consumers and the economy as a whole. But at the same time many of the benefits associated with commodity companies in the S & P prospects may be some sectors experienced a negative impact, "said chief market strategist, LPL Financial in Boston, Jeff Kleintop, quoted by Reuters on Tuesday (05/10/2011).
On average, the Dow Jones Industrial (DJI) rose 45.94 points, or 0.36 percent at 12684.68 position. The broader Standard & Poor's 500 (SPX) edged up 6.09 points, or 0.45 percent, to 1346.29. The Nasdaq Composite Index (IXIC) rose 15.69 points, or 0.55 percent to 2843.25.
On the other hand, he continued, in the future, investors could see increased volatility that may be moving cautiously and be alert. (GoFinance)
::Stronger, IHSG Finally Back to 3800 Levels>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) is close higher despite afternoon just thin. IHSG is supported strengthening of Asian stocks that parking in the green belt so as to make the domestic sector was verdant.
IHSG Tuesday (05/10/2011) evening closed rose 15.07 points, or 0.40 percent to 3800.52 position. While the LQ45 index rose 2.72 points to 677.11 positions. And the Jakarta Islamic Index (JII) edged up 0.75 points to 524.31 level.
The value of this transaction until the afternoon observed Rp3, 71 trillion, with volume of 8.58 billion shares. In which 137 stocks advanced, 103 stocks fell, and 97 stocks monitored stagnant.
Shares in the domestic sector also recorded strong though not too deep, where the highest reinforcement led by the plantation sector which rose 12.63 points. Only the infrastructure sector are observed to weaken.
The stocks that gained include PT Multi Bintang Indonesia Tbk (MLBI) rose 10,000 to 300,000, PT Indosprings Tbk (inds) rose Rp775 to Rp3.875, PT Astra International Tbk (ASII) rose Rp550 to Rp56. 950, and PT Gudang Garam Tbk (GGRM) rose Rp350 to Rp41.050.
While the stocks that fell among the PT Dian Swastatika Sentosa Tbk (DSSA) down Rp600 to Rp23.200, PT Bayan Resources Tbk (ITMG) down 500 to Rp47.100, and PT Sarana Tower Nusantara Tbk (TOWR) down 200 to Rp10.500. (GoFinance)
IHSG Tuesday (05/10/2011) evening closed rose 15.07 points, or 0.40 percent to 3800.52 position. While the LQ45 index rose 2.72 points to 677.11 positions. And the Jakarta Islamic Index (JII) edged up 0.75 points to 524.31 level.
The value of this transaction until the afternoon observed Rp3, 71 trillion, with volume of 8.58 billion shares. In which 137 stocks advanced, 103 stocks fell, and 97 stocks monitored stagnant.
Shares in the domestic sector also recorded strong though not too deep, where the highest reinforcement led by the plantation sector which rose 12.63 points. Only the infrastructure sector are observed to weaken.
The stocks that gained include PT Multi Bintang Indonesia Tbk (MLBI) rose 10,000 to 300,000, PT Indosprings Tbk (inds) rose Rp775 to Rp3.875, PT Astra International Tbk (ASII) rose Rp550 to Rp56. 950, and PT Gudang Garam Tbk (GGRM) rose Rp350 to Rp41.050.
While the stocks that fell among the PT Dian Swastatika Sentosa Tbk (DSSA) down Rp600 to Rp23.200, PT Bayan Resources Tbk (ITMG) down 500 to Rp47.100, and PT Sarana Tower Nusantara Tbk (TOWR) down 200 to Rp10.500. (GoFinance)
Monday, May 9, 2011
::RI Invited Build Participation Economic Laos>>
Go Finance Reporting in JAKARTA - Prime Minister of the Lao People's Democratic Republic Thongsing invites Indonesia to participate in the economic development of the country.
It was mentioned by the Special Staff of the President (SKP), the field of International Relations, Teuku Faizasyah, after meeting President Susilo Bambang Yudhoyono (SBY) to the Prime Minister of the Lao People's Democratic Republic Thongsing Thammavong, at Merdeka Palace, Jakarta, Monday (05/09/2011).
"In the context of bilateral cooperation submitted some things to help the Indonesian government. In the economic field, Prime Minister of Laos describe at length the economic situation of their country. Say them with 6.5 million residents want the economy to grow and would like to invite Indonesia to participate in their economic development, "said Teuku Faizasyah.
SBY, he added, stressing again that this cooperation will be driven by the Ministry of Trade and also encourage the interaction of economic actors such as the Chamber of Commerce and the state can be improved. "Thus economic interaction could occur," for short.
Then, how both countries can work together in advancing the ASEAN scheme in the field of food which is a continuation of the discussion yesterday, and could continue the food reserve.
"Therefore, such a proposal submitted two countries can work together in building the capacity of relevant regional food reserve," he said. (GoFinance)
It was mentioned by the Special Staff of the President (SKP), the field of International Relations, Teuku Faizasyah, after meeting President Susilo Bambang Yudhoyono (SBY) to the Prime Minister of the Lao People's Democratic Republic Thongsing Thammavong, at Merdeka Palace, Jakarta, Monday (05/09/2011).
"In the context of bilateral cooperation submitted some things to help the Indonesian government. In the economic field, Prime Minister of Laos describe at length the economic situation of their country. Say them with 6.5 million residents want the economy to grow and would like to invite Indonesia to participate in their economic development, "said Teuku Faizasyah.
SBY, he added, stressing again that this cooperation will be driven by the Ministry of Trade and also encourage the interaction of economic actors such as the Chamber of Commerce and the state can be improved. "Thus economic interaction could occur," for short.
Then, how both countries can work together in advancing the ASEAN scheme in the field of food which is a continuation of the discussion yesterday, and could continue the food reserve.
"Therefore, such a proposal submitted two countries can work together in building the capacity of relevant regional food reserve," he said. (GoFinance)
::Despite Sustained Commodity Sector, IHSG is Still Sag>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) is closed this afternoon carrying the sag in stock movements today. IHSG like parking in a red line follow the movement of Asian stocks that move mixed.
IHSG Monday (05/09/2011) slumped 13.10 points, or 0.34 percent equivalent to the level of 3785.45. while the LQ45 index fell 2.63 points to 674.98 thin, and the Jakarta Islamic Index (JII) dropped 0.53 percent to 523.14.
The value of the transaction until this afternoon was recorded at Rp3, 2 trillion, with a volume of 4.2 billion shares. Where listed shares rose 114, 111 shares fell, and 107 shares of stagnant aka silent on the spot.
The movement of stocks in various sectors also recorded mixed moves. Where sectors such as plantation and mining commodities prosper despite increased slightly.
Stocks that move strengthened (Top gainers), of which PT Sona Topas Tourism Industry Tbk (Sona) rose Rp550 to Rp3.250, PT Astra Agro Lestari Tbk (AALI) rose Rp400 to Rp23.800, and Sentosa Tbk PT Dian Swastatika rise 400 to position Rp23.800.
Meanwhile, stocks that move down (top Losers), of which PT United Tractors Tbk (UNTR) down 300 to Rp23.400, PT Gudang Garam Tbk (GGRM) down 200 to Rp40.700, and PT Indosprings Tbk (inds) down 200 to Rp11.000. (GoFinance)
IHSG Monday (05/09/2011) slumped 13.10 points, or 0.34 percent equivalent to the level of 3785.45. while the LQ45 index fell 2.63 points to 674.98 thin, and the Jakarta Islamic Index (JII) dropped 0.53 percent to 523.14.
The value of the transaction until this afternoon was recorded at Rp3, 2 trillion, with a volume of 4.2 billion shares. Where listed shares rose 114, 111 shares fell, and 107 shares of stagnant aka silent on the spot.
The movement of stocks in various sectors also recorded mixed moves. Where sectors such as plantation and mining commodities prosper despite increased slightly.
Stocks that move strengthened (Top gainers), of which PT Sona Topas Tourism Industry Tbk (Sona) rose Rp550 to Rp3.250, PT Astra Agro Lestari Tbk (AALI) rose Rp400 to Rp23.800, and Sentosa Tbk PT Dian Swastatika rise 400 to position Rp23.800.
Meanwhile, stocks that move down (top Losers), of which PT United Tractors Tbk (UNTR) down 300 to Rp23.400, PT Gudang Garam Tbk (GGRM) down 200 to Rp40.700, and PT Indosprings Tbk (inds) down 200 to Rp11.000. (GoFinance)
::Stronger Rupiah Drastically in Early Week>>
Go Finance Reporting in JAKARTA - The rupiah strengthened observed drastic this time. In contrast, the United States dollar (U.S.) observed weakening.
Amount, according to the exchange rate of Bank Indonesia (BI) rose to Rp8.548 per USD compared to the previous trading period Rp8.577 per USD.
According yahoofinance, the rupiah strengthened to Rp8.567 per USD with a daily trading range in Rp8.547-Rp8.580 per USD. This evening is also the value of the dollar looks weak for other currencies.
The euro rose to 1.4426 per USD, pound rose to 1.6371 per USD, and the Australian dollar strengthened to 1.0777 per U.S. dollar.
Indonesian Securities analyst Samuel tells Lana Soelistianingsih adage "sell on May and go way" into a kind of informal signals among the managers of global market investments by selling their portfolios before the sabbatical (summer vacation).
In May this time, beginning with the correction in commodity markets including crude oil after the terrorist Osama in Pakistan was shot dead last Tuesday (05/03/2011). At the same time less encouraging U.S. economic data such as economic growth in Q1 is below estimates and jobless claims that the above estimates.
Investors realized a gain of about 23 percent of commodity markets into cash assets (USD) to make the dollar strengthened, especially against Asian countries. Commodity prices have drastically downward pressure on trading yesterday, especially the price of crude oil and silver. Selling in the month of May is only temporary and usually recover in July. (GoFinance)
Amount, according to the exchange rate of Bank Indonesia (BI) rose to Rp8.548 per USD compared to the previous trading period Rp8.577 per USD.
According yahoofinance, the rupiah strengthened to Rp8.567 per USD with a daily trading range in Rp8.547-Rp8.580 per USD. This evening is also the value of the dollar looks weak for other currencies.
The euro rose to 1.4426 per USD, pound rose to 1.6371 per USD, and the Australian dollar strengthened to 1.0777 per U.S. dollar.
Indonesian Securities analyst Samuel tells Lana Soelistianingsih adage "sell on May and go way" into a kind of informal signals among the managers of global market investments by selling their portfolios before the sabbatical (summer vacation).
In May this time, beginning with the correction in commodity markets including crude oil after the terrorist Osama in Pakistan was shot dead last Tuesday (05/03/2011). At the same time less encouraging U.S. economic data such as economic growth in Q1 is below estimates and jobless claims that the above estimates.
Investors realized a gain of about 23 percent of commodity markets into cash assets (USD) to make the dollar strengthened, especially against Asian countries. Commodity prices have drastically downward pressure on trading yesterday, especially the price of crude oil and silver. Selling in the month of May is only temporary and usually recover in July. (GoFinance)
Sunday, May 8, 2011
::Len Blavatnik acquisition of Warner Music USD3, 3 Billion>>
Go Finance Reporting in NEW YORK - bloody Russian-American billionaire Len Blavatnik, through his company Access Industries seized ownership Warnes Music Group. Blavatnik buy the music company with a value of $ 3, 3 billion.
Warner Music is the company who produced Eric Clapton and Kid Rock also Frank Sinatra and Ray Charles, buffeted by the financial storm because of the music industry was invaded by digital piracy that triggered his CD sales have fallen sharply.
The problem of piracy is also recognized EMI Group, a music company owned by Citigroup, which is a rival Warner Music.
Sold by Warner Music Chief Executive Edgar Bronfman Jr. and investment firms Thomas H. Lee Partners and Bain Capital Partners, which bought the company since 2004 with a value of USD2, 6 billion. They have 56 shares of stock in this company.
Acquisitions made by Access Industries covers all record labels Warner Music, including Asylum, Atlantic, Elektra and Warner Bros., and the division's most valuable music recordings Warner / Chappell. Access also said the debt was owned by Warner Music reach USD1, 9 billion.
"We are very pleased to Access to new players in this extraordinary business. They support the company vision, growth strategy, artistic and entrepreneurial bring a fresh perspective and expert in the field of technology and the media" said Bronfman, who still serves as chief executive of Warner Music as quoted from Asossiated Press, Sunday (05/08/2011).
Blavatnik that in March 2004 to January 2008 and has had two percent of the company described the Warner Music as a big company with a strong heritage and home to a remarkable artist. "I look forward to working with many talented people," said Blavatnik. (GoFinance)
Warner Music is the company who produced Eric Clapton and Kid Rock also Frank Sinatra and Ray Charles, buffeted by the financial storm because of the music industry was invaded by digital piracy that triggered his CD sales have fallen sharply.
The problem of piracy is also recognized EMI Group, a music company owned by Citigroup, which is a rival Warner Music.
Sold by Warner Music Chief Executive Edgar Bronfman Jr. and investment firms Thomas H. Lee Partners and Bain Capital Partners, which bought the company since 2004 with a value of USD2, 6 billion. They have 56 shares of stock in this company.
Acquisitions made by Access Industries covers all record labels Warner Music, including Asylum, Atlantic, Elektra and Warner Bros., and the division's most valuable music recordings Warner / Chappell. Access also said the debt was owned by Warner Music reach USD1, 9 billion.
"We are very pleased to Access to new players in this extraordinary business. They support the company vision, growth strategy, artistic and entrepreneurial bring a fresh perspective and expert in the field of technology and the media" said Bronfman, who still serves as chief executive of Warner Music as quoted from Asossiated Press, Sunday (05/08/2011).
Blavatnik that in March 2004 to January 2008 and has had two percent of the company described the Warner Music as a big company with a strong heritage and home to a remarkable artist. "I look forward to working with many talented people," said Blavatnik. (GoFinance)
::Abraaj Capital Gain First rankings>>
Go Finance Reporting in SINGAPORE - Abraaj Capital, the leading private equity has focused on the Southeast Asia market, has been named as the top private equity group in the emerging markets of the world.
This achievement puts Abraaj Capital is ranked number one in the ranks of Private Equity Asia that carries the top 30 companies with operations in Asia. Moreover, Abraaj Capital also ranked 48th of all private equity firms in the world, according to Private Equity International (PEI), leading magazine for private equity industry, based in London.
"The key to our success for the investors based on in-depth knowledge of major markets will trend growth in a dynamic Asia. For that, in each portfolio, we will always carry a thorough understanding of each character - each market, a holistic approach to each stakeholder and to provide more strategic value. This achievement is evidence of the success of the performance of this approach as long as we believe can strengthen the foundation of our growth and evolution to the next stage, "said Omar Lodhi, Senior Partner and Chief Executive Officer of Abraaj Asia Pte Ltd in a press release on Saturday (05/07/2011).
Abraaj Capital, which has recorded a total of $ 6, 2 billion within five years, is the only group of private equity in the global rankings and top 50 are from outside North America and Europe. During this period, Abraaj Capital funds raised a total of $ 1 billion, larger than its nearest competitor in the emerging markets of Asia.
"Named as number one group of private equity in emerging markets the world have confirmed the long-term focus of the company to continue to identify companies that match our strict investment criteria as well as opening opportunities for their growth potential, which in turn will provide significant added value for investors us. These ratings also prove that the potential in emerging markets today, including the Middle East, North Africa, and several regions in South Asia, where we will continue the commitment to become number one. "Said Mounir Husseini, Senior Partner and Head of Coverage Abraaj Capital.
As information, Abraaj Capital is the largest private equity group in the Middle East, North Africa, and South Asia (MENASA). After standing in 2002, Abraaj Capital has reached nearly $ 7 billion and distributed nearly $ 3 billion to investors. Headquartered in Dubai, Abraaj Group operates 10 branch offices in regional areas, including Istanbul, Cairo, and Riyadh. Funds managed by Abraaj Group Group or its predecessor agencies have made 36 investments in 11 countries and have over 20 exits.
More than 75 world class professionals working in the field of investment for Abraaj Capital, and manages seven funds: four of purchase funds, Riyada Enterprise Development Fund (a special fund for small and medium enterprises), Principles (increased income, sales and leaseback funds), and real estate funds. Funds managed by Abraaj Group has had a holding in about two dozen regional companies, including Air Arabia, the leading low-cost airline, Acibadem Healthcare Group, the largest private hospital operator's Turkey, and Al Borg Laboratory, the largest private medical testing laboratory in the Middle East .
Abraaj Capital has won many awards both regionally and internationally, including named for five consecutive years as the 'Middle Easter Private Equity Firm of the Year "by Private Equity International in London. Abraaj Capital Ltd., A member of the Abraaj Group, has been licensed by Dubai Financial Services Authority. Abraaj Group is also the associate member of the European Venture Capital Association. (GoFinance)
This achievement puts Abraaj Capital is ranked number one in the ranks of Private Equity Asia that carries the top 30 companies with operations in Asia. Moreover, Abraaj Capital also ranked 48th of all private equity firms in the world, according to Private Equity International (PEI), leading magazine for private equity industry, based in London.
"The key to our success for the investors based on in-depth knowledge of major markets will trend growth in a dynamic Asia. For that, in each portfolio, we will always carry a thorough understanding of each character - each market, a holistic approach to each stakeholder and to provide more strategic value. This achievement is evidence of the success of the performance of this approach as long as we believe can strengthen the foundation of our growth and evolution to the next stage, "said Omar Lodhi, Senior Partner and Chief Executive Officer of Abraaj Asia Pte Ltd in a press release on Saturday (05/07/2011).
Abraaj Capital, which has recorded a total of $ 6, 2 billion within five years, is the only group of private equity in the global rankings and top 50 are from outside North America and Europe. During this period, Abraaj Capital funds raised a total of $ 1 billion, larger than its nearest competitor in the emerging markets of Asia.
"Named as number one group of private equity in emerging markets the world have confirmed the long-term focus of the company to continue to identify companies that match our strict investment criteria as well as opening opportunities for their growth potential, which in turn will provide significant added value for investors us. These ratings also prove that the potential in emerging markets today, including the Middle East, North Africa, and several regions in South Asia, where we will continue the commitment to become number one. "Said Mounir Husseini, Senior Partner and Head of Coverage Abraaj Capital.
As information, Abraaj Capital is the largest private equity group in the Middle East, North Africa, and South Asia (MENASA). After standing in 2002, Abraaj Capital has reached nearly $ 7 billion and distributed nearly $ 3 billion to investors. Headquartered in Dubai, Abraaj Group operates 10 branch offices in regional areas, including Istanbul, Cairo, and Riyadh. Funds managed by Abraaj Group Group or its predecessor agencies have made 36 investments in 11 countries and have over 20 exits.
More than 75 world class professionals working in the field of investment for Abraaj Capital, and manages seven funds: four of purchase funds, Riyada Enterprise Development Fund (a special fund for small and medium enterprises), Principles (increased income, sales and leaseback funds), and real estate funds. Funds managed by Abraaj Group has had a holding in about two dozen regional companies, including Air Arabia, the leading low-cost airline, Acibadem Healthcare Group, the largest private hospital operator's Turkey, and Al Borg Laboratory, the largest private medical testing laboratory in the Middle East .
Abraaj Capital has won many awards both regionally and internationally, including named for five consecutive years as the 'Middle Easter Private Equity Firm of the Year "by Private Equity International in London. Abraaj Capital Ltd., A member of the Abraaj Group, has been licensed by Dubai Financial Services Authority. Abraaj Group is also the associate member of the European Venture Capital Association. (GoFinance)
Saturday, May 7, 2011
::U.S. Unemployment Figures Rise to 9%>>
Go Finance Reporting in WASHINGTON - The unemployment rate in the United States (U.S.) have increased in April 2011. Twentieth-century America States unemployment rate rose to 9.0 percent from 8.8 percent in March the same year.
Reported by the AFP, Saturday (05/07/2011), according to Labor Department data, the unemployment rate rose to 9.0 percent. However, has created as many as 244 thousand jobs, this number exceeds expectations in April.
Analysts predict there will be 185 thousand nonfarm employment (not agriculture) created in April, down 14 percent from March, while the unemployment rate remained unchanged after falling for four consecutive months.
But the U.S. Labor Department noted that the unemployment rate rose by 474 thousand in the week ending on April 30, 2011, in which this figure has increased by 10 percent from the prior week.
While the private sector created 268 thousand jobs, the number is far higher than previously estimated, namely 200 thousand jobs.
The federal government itself has been instructed on the state and local levels to make payroll deductions for a balance budget, the private sector is expected to fill job vacancies, so the economy can get back on track.
As information, according to Labor Department data, new unemployment claims fell to 382 thousand in the week ending March 19. This unemployment rate dipped to 8.9 percent recorded in February from 9.0 percent in January.
The figure is a modest amount of one percent a week earlier, and below the average level during the period of four weeks. This also becomes an indication that the rate of layoffs declined as the U.S. economy moving faster. (GoFinance)
Reported by the AFP, Saturday (05/07/2011), according to Labor Department data, the unemployment rate rose to 9.0 percent. However, has created as many as 244 thousand jobs, this number exceeds expectations in April.
Analysts predict there will be 185 thousand nonfarm employment (not agriculture) created in April, down 14 percent from March, while the unemployment rate remained unchanged after falling for four consecutive months.
But the U.S. Labor Department noted that the unemployment rate rose by 474 thousand in the week ending on April 30, 2011, in which this figure has increased by 10 percent from the prior week.
While the private sector created 268 thousand jobs, the number is far higher than previously estimated, namely 200 thousand jobs.
The federal government itself has been instructed on the state and local levels to make payroll deductions for a balance budget, the private sector is expected to fill job vacancies, so the economy can get back on track.
As information, according to Labor Department data, new unemployment claims fell to 382 thousand in the week ending March 19. This unemployment rate dipped to 8.9 percent recorded in February from 9.0 percent in January.
The figure is a modest amount of one percent a week earlier, and below the average level during the period of four weeks. This also becomes an indication that the rate of layoffs declined as the U.S. economy moving faster. (GoFinance)
::Stronger U.S. Dollar, Oil Back Down>>
Go Finance Reporting in LONDON - Oil prices pulled back down due to negative sentiment in a number of commodity prices, declining economic data United States (U.S.), a stronger dollar and concerns over weakening demand for energy.
As reported by AFP from the site on Saturday (05/07/2011), New York's main contract, West Texas Intermediate (WTI) light sweet crude for delivery in June fell by USD96, 63 in London trading on Friday after losing more than eight percent to USD99, 80 where it is the first time the oil price below U.S. $ 100 dollars since March 16, 2011 last.
Meanwhile, crude for Brent North Sea for delivery in June also dropped more than five dollars, reaching its lowest point at the level of USD105, 15 per barrel.
According to some analysts WTI decline at some time ago, it is the heaviest since the beginning of the global financial crisis on September 29, 2008 where more than 9.0 percent decline.
"Commodities in general suffered a significant setback yesterday, as worries over economic growth in the United States that pushed the price, oil prices are very weak, with an additional decline this morning. A stronger U.S. dollar on the day also contributed to weakness." Westhouse Securities analyst said, David Hurt.
Meanwhile, crude oil futures also fell sharply in response to China's economic data and fears of debt crisis, the euro zone after Portugal suffered a debt bailout.
"The weak data from China which is more than expected as well as renewed concerns about the euro zone and the debt problems of countries and the disappointing U.S. economic data have established a negative tone in the market. The figures are disappointing in the U.S. work provided the impetus to further weakness in the market which encourages investors to oil is heavy sell-off in oil prices and base metals, "added Sucden analyst, Myrto Sokou.
On this week a number of commodity prices decline, due to the impact of the weakening euro against the dollar after European Central Bank has raised doubts for immediate interest rate.
The euro, which dropped sharply on Thursday as the impact of after the ECB held rates and the president Jean-Claude Trichet dropped his key word "vigilant" in reference to seeing a bank inflation.
Which is widely regarded as a signal that the ECB will not follow last month's rate increase rapidly with the others, triggering a rise in the dollar. One dollar float tends to make dollar-priced commodities more expensive for buyers using weaker currencies. In turn, that tends to cause a decline in demand and eventually attract a lower price. (GoFinance)
As reported by AFP from the site on Saturday (05/07/2011), New York's main contract, West Texas Intermediate (WTI) light sweet crude for delivery in June fell by USD96, 63 in London trading on Friday after losing more than eight percent to USD99, 80 where it is the first time the oil price below U.S. $ 100 dollars since March 16, 2011 last.
Meanwhile, crude for Brent North Sea for delivery in June also dropped more than five dollars, reaching its lowest point at the level of USD105, 15 per barrel.
According to some analysts WTI decline at some time ago, it is the heaviest since the beginning of the global financial crisis on September 29, 2008 where more than 9.0 percent decline.
"Commodities in general suffered a significant setback yesterday, as worries over economic growth in the United States that pushed the price, oil prices are very weak, with an additional decline this morning. A stronger U.S. dollar on the day also contributed to weakness." Westhouse Securities analyst said, David Hurt.
Meanwhile, crude oil futures also fell sharply in response to China's economic data and fears of debt crisis, the euro zone after Portugal suffered a debt bailout.
"The weak data from China which is more than expected as well as renewed concerns about the euro zone and the debt problems of countries and the disappointing U.S. economic data have established a negative tone in the market. The figures are disappointing in the U.S. work provided the impetus to further weakness in the market which encourages investors to oil is heavy sell-off in oil prices and base metals, "added Sucden analyst, Myrto Sokou.
On this week a number of commodity prices decline, due to the impact of the weakening euro against the dollar after European Central Bank has raised doubts for immediate interest rate.
The euro, which dropped sharply on Thursday as the impact of after the ECB held rates and the president Jean-Claude Trichet dropped his key word "vigilant" in reference to seeing a bank inflation.
Which is widely regarded as a signal that the ECB will not follow last month's rate increase rapidly with the others, triggering a rise in the dollar. One dollar float tends to make dollar-priced commodities more expensive for buyers using weaker currencies. In turn, that tends to cause a decline in demand and eventually attract a lower price. (GoFinance)
::Employment Rises, the Wall Street Closed Positive>>
Go Finance Reporting in NEW YORK - Stock markets United States (U.S.) driving in lane closed positive on Friday trading. The increase in the United States stock market was driven by strong among the number of jobs created by the U.S. Labor Department in April.
However, the number of jobs provided by the U.S. Department of Labor is not enough to reduce unemployment in the U.S., so this is making U.S. stocks suffered a sharp fall on the previous day.
As reported by the AFP website on Saturday (05/07/2011) The Dow Jones closed up by 54.57 points, or 0.43 percent to 12,638.74 after an increase levels as much as 175 points in early trading.
For the S & P 500 index also rose 5.40 points, or 0.38 percent, to 1340.20. While the increase was followed by the Nasdaq Composite index rose by 12.84 points or 0.46 percent to 2827.56.
Fall in commodity prices the past few days to make the fall in some index with more than one percent, except that it also triggered by non-agricultural data indicated by the U.S. as much as 224 thousand U.S. economy entered into the data.
Meanwhile, the private sector create 268 thousand jobs a strong services sector is likely to offset the loss of local and federal jobs.
Nevertheless, according to U.S. Labor Department data, the overall unemployment rate in the U.S. has increased slightly from 8.8 percent to nine percent. (GoFinance)
However, the number of jobs provided by the U.S. Department of Labor is not enough to reduce unemployment in the U.S., so this is making U.S. stocks suffered a sharp fall on the previous day.
As reported by the AFP website on Saturday (05/07/2011) The Dow Jones closed up by 54.57 points, or 0.43 percent to 12,638.74 after an increase levels as much as 175 points in early trading.
For the S & P 500 index also rose 5.40 points, or 0.38 percent, to 1340.20. While the increase was followed by the Nasdaq Composite index rose by 12.84 points or 0.46 percent to 2827.56.
Fall in commodity prices the past few days to make the fall in some index with more than one percent, except that it also triggered by non-agricultural data indicated by the U.S. as much as 224 thousand U.S. economy entered into the data.
Meanwhile, the private sector create 268 thousand jobs a strong services sector is likely to offset the loss of local and federal jobs.
Nevertheless, according to U.S. Labor Department data, the overall unemployment rate in the U.S. has increased slightly from 8.8 percent to nine percent. (GoFinance)
Friday, May 6, 2011
::Vietnam Highlight ASEAN Economic Inequality>>
Go Finance Reporting in JAKARTA - The ASEAN Economic Ministers meeting today is filled with interesting discussion. Economic inequality to the attention of the Vietnamese delegation.
As known previously determined the five sectors that can be developed discussion between trade and economic relations between ASEAN and the EU.
But for a discussion of Vietnam consists of five sectors of infrastructure, Agrifood, automotive, healthcare, and services still need support. Vietnam's rate is still much disparity among ASEAN countries on five sectors.
"Finish the five sectors of economic inequality between the ASEAN countries who wanted to be developed together with the European Union," said Chairman of the Delegation of Vietnam Nguyen Tan Dung in a meeting of the ASEAN Economic Ministers at the JCC, Senayan, Jakarta, Friday (05/06/2011).
In addition, the Vietnamese delegation also approved the proposal if the ASEAN more attention to the products and the development of small and medium businesses. (GoFinance)
As known previously determined the five sectors that can be developed discussion between trade and economic relations between ASEAN and the EU.
But for a discussion of Vietnam consists of five sectors of infrastructure, Agrifood, automotive, healthcare, and services still need support. Vietnam's rate is still much disparity among ASEAN countries on five sectors.
"Finish the five sectors of economic inequality between the ASEAN countries who wanted to be developed together with the European Union," said Chairman of the Delegation of Vietnam Nguyen Tan Dung in a meeting of the ASEAN Economic Ministers at the JCC, Senayan, Jakarta, Friday (05/06/2011).
In addition, the Vietnamese delegation also approved the proposal if the ASEAN more attention to the products and the development of small and medium businesses. (GoFinance)
::After Down, Oil Prices Rebound Thin>>
Go Finance Reporting in SINGAPORE - Oil prices rebounded back to the top level of USD100 per barrel in Asian trade as traders see oil prices after the sell cheaper priced massive advance.
As quoted by AFP on Friday (05/06/2011), crude West Texas Intermediate light sweet crude for June delivery rose 68 cents to USD100, 48 per barrel. Earlier, the price of light sweet crude is declining more than eight percent and parking at USD99, 80 on Thursday (05/05/2011). This is the first time oil prices fell below $ 100 since March 16.
While the price of Brent North Sea crude for June delivery rose 87 cents to USD111, 67 after falling more than USD 10 on Thursday night.
"Rarely in oil prices reached the lowest level. We watched some market players, they regard this as an opportunity to buy," said a senior principal of Purvin and Gertz energy consultants Victor Shum was quoted as saying by AFP.
Earlier, crude oil prices have tumbled on Thursday night after an unexpected commentary from European Central Bank President Jean-Claude Trichet. He expects the U.S. dollar value for rapid strengthening. Meanwhile, with the stronger dollar, meaning oil prices are transacted in dollars will become more expensive if used in other currencies. (GoFinance)
As quoted by AFP on Friday (05/06/2011), crude West Texas Intermediate light sweet crude for June delivery rose 68 cents to USD100, 48 per barrel. Earlier, the price of light sweet crude is declining more than eight percent and parking at USD99, 80 on Thursday (05/05/2011). This is the first time oil prices fell below $ 100 since March 16.
While the price of Brent North Sea crude for June delivery rose 87 cents to USD111, 67 after falling more than USD 10 on Thursday night.
"Rarely in oil prices reached the lowest level. We watched some market players, they regard this as an opportunity to buy," said a senior principal of Purvin and Gertz energy consultants Victor Shum was quoted as saying by AFP.
Earlier, crude oil prices have tumbled on Thursday night after an unexpected commentary from European Central Bank President Jean-Claude Trichet. He expects the U.S. dollar value for rapid strengthening. Meanwhile, with the stronger dollar, meaning oil prices are transacted in dollars will become more expensive if used in other currencies. (GoFinance)
::Fall, IHSG Back to 3700's Level>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) moves to weaken in line with Asian indices weakened. IHSG went back again to the level of 3700's.
IHSG, in late trade on Friday (05/06/2011) fell 17.72 points, or 0.46 percent to 3789.55. LQ45 down 4.05 points, or 0.6 percent, to 676.84 and the Jakarta Islamic Index (JII) fell 3.34 points, or 0.6 percent, to 523.48.
Asian index is still down this afternoon. Nikkei down 145 points or 1.45 percent to 9859, Hang Seng down 102.47 points, or 0.44 percent to 23,159 and Straits Times fell 6.05 points, or 0.19 percent to 3103.
However, European indexes moved in both directions. CAC rose 14.91 points, or 0.37 percent to 4019, DAX rose 17.19 points, or 0.27 percent to 7396 and the FTSE down 28.03 points, or 0.47 percent to 5891.
Sector advocates majority share index also weakened. Plantation sector, down 34.08 points, or 1.5 percent, mining sector, down 32.41 points or 1.0 percent and the financial sector fell 2.97 points, or 0.6 percent.
Transaction volume, there were 4.76 billion shares worth Rp 4, 47 trillion. As many as 155 stocks advanced, 82 fell and 93 shares of stock to stagnate.
Stocks that move down (top lossers) is PT Dian Swastatika Sentosa Tbk (DSSA) down Rp1.400 to Rp23.400, PT Goodyear Indonesia Tbk (GDYR) down 900 to Rp10.800 and PT United Tractors Tbk (UNTR) down 650 to Rp23.700.
While stocks rose (Top gainers), among others, PT Sona Topas Tourism Page (Sona) rose Rp500 to Rp2.675, PT Astra International Tbk (ASII) rose Rp350 to Rp56.600 and PT Bank Central Asia Tbk (BBCA) rose Rp150 to Rp7.300. (GoFinance)
IHSG, in late trade on Friday (05/06/2011) fell 17.72 points, or 0.46 percent to 3789.55. LQ45 down 4.05 points, or 0.6 percent, to 676.84 and the Jakarta Islamic Index (JII) fell 3.34 points, or 0.6 percent, to 523.48.
Asian index is still down this afternoon. Nikkei down 145 points or 1.45 percent to 9859, Hang Seng down 102.47 points, or 0.44 percent to 23,159 and Straits Times fell 6.05 points, or 0.19 percent to 3103.
However, European indexes moved in both directions. CAC rose 14.91 points, or 0.37 percent to 4019, DAX rose 17.19 points, or 0.27 percent to 7396 and the FTSE down 28.03 points, or 0.47 percent to 5891.
Sector advocates majority share index also weakened. Plantation sector, down 34.08 points, or 1.5 percent, mining sector, down 32.41 points or 1.0 percent and the financial sector fell 2.97 points, or 0.6 percent.
Transaction volume, there were 4.76 billion shares worth Rp 4, 47 trillion. As many as 155 stocks advanced, 82 fell and 93 shares of stock to stagnate.
Stocks that move down (top lossers) is PT Dian Swastatika Sentosa Tbk (DSSA) down Rp1.400 to Rp23.400, PT Goodyear Indonesia Tbk (GDYR) down 900 to Rp10.800 and PT United Tractors Tbk (UNTR) down 650 to Rp23.700.
While stocks rose (Top gainers), among others, PT Sona Topas Tourism Page (Sona) rose Rp500 to Rp2.675, PT Astra International Tbk (ASII) rose Rp350 to Rp56.600 and PT Bank Central Asia Tbk (BBCA) rose Rp150 to Rp7.300. (GoFinance)
::Stronger Dollar, Rupiah sinks into Rp8.600/USD>>
Go Finance Reporting in JAKARTA - The rupiah again fell to the level of per USD Rp9.600 this weekend. In contrast, all seemed equally currency weakened against the dollar.
Amount, according to the exchange rate of Bank Indonesia (BI) moves to weaken to Rp8.577 per USD compared to the previous day's trading at Rp8.566 per USD. Meanwhile, according yahoofinance, the rupiah weakened to be at the level of Rp8.602 per USD with a daily trading range in Rp8.582-Rp8.622 per USD.
Value of United States dollars (U.S.) observed rose above other currencies. Against the euro, the dollar climbed to 1.4534 per USD, pound weakened to 1.6391 per USD and the yen also weakened to 80.43 per USD.
Indonesian Securities analyst Samuel Lana Soelistianingsih explained if investors realized a gain of about 23 percent of commodity markets into assets in cash (U.S. dollars) to make the dollar strengthened, especially against Asian countries.
Commodity prices have drastically downward pressure on trading yesterday, especially the price of crude oil and silver. Selling in the month of May is only temporary and usually recover in July. (GoFinance)
Amount, according to the exchange rate of Bank Indonesia (BI) moves to weaken to Rp8.577 per USD compared to the previous day's trading at Rp8.566 per USD. Meanwhile, according yahoofinance, the rupiah weakened to be at the level of Rp8.602 per USD with a daily trading range in Rp8.582-Rp8.622 per USD.
Value of United States dollars (U.S.) observed rose above other currencies. Against the euro, the dollar climbed to 1.4534 per USD, pound weakened to 1.6391 per USD and the yen also weakened to 80.43 per USD.
Indonesian Securities analyst Samuel Lana Soelistianingsih explained if investors realized a gain of about 23 percent of commodity markets into assets in cash (U.S. dollars) to make the dollar strengthened, especially against Asian countries.
Commodity prices have drastically downward pressure on trading yesterday, especially the price of crude oil and silver. Selling in the month of May is only temporary and usually recover in July. (GoFinance)
Thursday, May 5, 2011
::5th ASEAN-EU Discuss Trade Sector>>
Go Finance Reporting in JAKARTA - Hope that will appear in increasing economic cooperation relations between the EU and ASEAN are very large. Both organizations also have a dialogue at the governmental level.
It is said Trade Minister Mari Elka Pangestu, during a press conference at the ASEAN-EU Summit Bussines, at JCC, Senayan, Jakarta, Thursday (05/05/2011).
"There is now way to enhance a comprehensive agreement between ASEAN and the EU, where Malaysia, Singapore has been conducting negotiations. Vietnam is preparing for negotiations. While Indonesia has prepared a vision to look ahead to explore how a comprehensive agreement," he said.
Let's assess the trade agreements that do need to include capacity building. For that, there are five sectors selected in this business meeting and should be parallel meetings. Five sectors are infrastructure, Agrifood, automotive, healthcare, and services.
He gave an example, in the field of automobile, Europe to increase investment by manufacturing to Asia and ASEAN markets. As for spare parts and components, ASEAN can produce to Europe and vice versa.
"comprehensive cooperation between Indonesia and Europe are built to be innovative. In that sense completely integrated between the need to increase investment and trade. As well as increasing our capacity as Indonesia to take advantage of the benefits of that cooperation," he said. (GoFinance)
It is said Trade Minister Mari Elka Pangestu, during a press conference at the ASEAN-EU Summit Bussines, at JCC, Senayan, Jakarta, Thursday (05/05/2011).
"There is now way to enhance a comprehensive agreement between ASEAN and the EU, where Malaysia, Singapore has been conducting negotiations. Vietnam is preparing for negotiations. While Indonesia has prepared a vision to look ahead to explore how a comprehensive agreement," he said.
Let's assess the trade agreements that do need to include capacity building. For that, there are five sectors selected in this business meeting and should be parallel meetings. Five sectors are infrastructure, Agrifood, automotive, healthcare, and services.
He gave an example, in the field of automobile, Europe to increase investment by manufacturing to Asia and ASEAN markets. As for spare parts and components, ASEAN can produce to Europe and vice versa.
"comprehensive cooperation between Indonesia and Europe are built to be innovative. In that sense completely integrated between the need to increase investment and trade. As well as increasing our capacity as Indonesia to take advantage of the benefits of that cooperation," he said. (GoFinance)
::ASEAN-European Union Economic Policies are suggested forms>>
Go Finance Reporting in JAKARTA - The meeting of ASEAN-EU business which opened today opened a major investment opportunities between the two areas.
"I encourage leaders to establish an ASEAN-EU economic policies that encourage investment and job creation," said Coordinating Minister Hatta Rajasa in the opening speech, the JCC, Senayan, Jakarta, Thursday (05/05/2011).
Hatta also expect this meeting to encourage the establishment of a platform of strong economic cooperation between ASEAN and European Union. In addition, he considers it important that encourages constant dialogue among the region's cooperation in economic relations.
Meanwhile EU Trade Commissioner Karel de Gucht expect this meeting to encourage investment in both regions.
"ASEAN-EU business meeting this first to create a trade relationship between the governments including the economic platforms of the two regions," said De Gutch.
According to him, looking at important EU free market will do in ASEAN. The meeting also discussed what should be done to strengthen economic relations between ASEAN and the EU. (GoFinance)
"I encourage leaders to establish an ASEAN-EU economic policies that encourage investment and job creation," said Coordinating Minister Hatta Rajasa in the opening speech, the JCC, Senayan, Jakarta, Thursday (05/05/2011).
Hatta also expect this meeting to encourage the establishment of a platform of strong economic cooperation between ASEAN and European Union. In addition, he considers it important that encourages constant dialogue among the region's cooperation in economic relations.
Meanwhile EU Trade Commissioner Karel de Gucht expect this meeting to encourage investment in both regions.
"ASEAN-EU business meeting this first to create a trade relationship between the governments including the economic platforms of the two regions," said De Gutch.
According to him, looking at important EU free market will do in ASEAN. The meeting also discussed what should be done to strengthen economic relations between ASEAN and the EU. (GoFinance)
::After Down, Gold Prices Stable Now>>
Go Finance Reporting in SINGAPORE - After falling for three consecutive days, gold prices appear stable. Meanwhile, silver prices go back down even one percent.
As reported by Reuters on Thursday (05/04/2011), price of gold in the spot market moves to strengthen thin to USD1.516, 29 per ounce. Meanwhile, gold prices on COMEX futures market edged up $ 1, 30 to USD1.516, 60.
Mexico to increase gold reserves in the first quarter of this year. The country is buying more than gold bullion worth more than $ 4 billion in gold bars due to the weakening U.S. dollar value. Where the U.S. dollar currently located at its lowest level for two and a half years.
The price of silver in COMEX silver futures market fell 1.2 percent to its lowest level in a month at $ 38, 91. And silver prices in the spot market fell by one percent to $ 38, 92.
Drop in the price of COMEX silver is due to raise the margin for a transaction of this silver. CME Group set a margin increase in a row at the silver on the COMEX, margins also rose 84 percent in just eight days. (GoFinance)
As reported by Reuters on Thursday (05/04/2011), price of gold in the spot market moves to strengthen thin to USD1.516, 29 per ounce. Meanwhile, gold prices on COMEX futures market edged up $ 1, 30 to USD1.516, 60.
Mexico to increase gold reserves in the first quarter of this year. The country is buying more than gold bullion worth more than $ 4 billion in gold bars due to the weakening U.S. dollar value. Where the U.S. dollar currently located at its lowest level for two and a half years.
The price of silver in COMEX silver futures market fell 1.2 percent to its lowest level in a month at $ 38, 91. And silver prices in the spot market fell by one percent to $ 38, 92.
Drop in the price of COMEX silver is due to raise the margin for a transaction of this silver. CME Group set a margin increase in a row at the silver on the COMEX, margins also rose 84 percent in just eight days. (GoFinance)
::Print Transaction Rp5, 3 T, IHSG Rebound 1.34 Points>>
Go Finance Reporting in JAKARTA - After struggling to get on the green belt Composite Stock Price Index (IHSG) could finally breathe easily. IHSG monitored rose slightly by one point.
IHSG Thursday (05/05/2011) afternoon rebound was recorded at 1.34 points, or 0.04 percent to as low as 3816.27. While the LQ45 index fell 0.69 points to 680.89 thin and the Jakarta Islamic Index (JII) edged up 0.46 points to 526.82.
Although IHSG park in a green lane, tracked Asian stocks move lower. Where's Hang Seng index slumped 55.83 points, ambles Straits Times index 3.91 points, while the Shanghai Composite Index edged up 7.36 points.
The value of the transaction until this afternoon was recorded at Rp 5, 32 trillion by volume amounted to 7.32 billion shares. As many as 122 stocks advanced, 117 stocks fell, and 90 shares remain stagnant. While recorded net foreign buy Rp1, 56 trillion.
Stocks that rose among the PT Bayan Resources Tbk rose 650 to Rp47.700, PT Sona Topas Tbk (Sona) rose Rp425 to Rp2.175, and PT Indocement Tbk (INTP) rose Rp400 to Rp17.000.
While the stocks that fell among PT Indosprings Tbk (inds) down Rp550 to Rp11.450, PT Astra International Tbk (ASII) down Rp350 to Rp56.050, and PT Bukit Asam Tbk (PTBA) down Rp250 to Rp22.100. (GoFinance)
IHSG Thursday (05/05/2011) afternoon rebound was recorded at 1.34 points, or 0.04 percent to as low as 3816.27. While the LQ45 index fell 0.69 points to 680.89 thin and the Jakarta Islamic Index (JII) edged up 0.46 points to 526.82.
Although IHSG park in a green lane, tracked Asian stocks move lower. Where's Hang Seng index slumped 55.83 points, ambles Straits Times index 3.91 points, while the Shanghai Composite Index edged up 7.36 points.
The value of the transaction until this afternoon was recorded at Rp 5, 32 trillion by volume amounted to 7.32 billion shares. As many as 122 stocks advanced, 117 stocks fell, and 90 shares remain stagnant. While recorded net foreign buy Rp1, 56 trillion.
Stocks that rose among the PT Bayan Resources Tbk rose 650 to Rp47.700, PT Sona Topas Tbk (Sona) rose Rp425 to Rp2.175, and PT Indocement Tbk (INTP) rose Rp400 to Rp17.000.
While the stocks that fell among PT Indosprings Tbk (inds) down Rp550 to Rp11.450, PT Astra International Tbk (ASII) down Rp350 to Rp56.050, and PT Bukit Asam Tbk (PTBA) down Rp250 to Rp22.100. (GoFinance)
::Stronger Dollar, Rupiah Weakened Back>>
Go Finance Reporting in JAKARTA - The rupiah exchange rate to move lower in the middle of the United States dollar (U.S.) who began trying to strengthen. Amount, according to the exchange rate of Bank Indonesia (BI) on Thursday (05/05/2011) weakened to Rp8.566 per USD compared to the previous day Rp8.559 per USD.
Meanwhile, according yahoofinance, the rupiah also weakened to Rp8.587 per USD with a daily trading range in Rp8.564-Rp8.587 per USD. The dollar look better on this afternoon.
The pound weakened to 1.6476 per USD, the Australian dollar also weakened to 1.072 per USD, but the euro rose to 1.4887 still observed per USD.
Meanwhile, from the global side, the market makers are still waiting Europian Central Bank (ECB) to raise interest rates. Where there is a signal that interest rates will be increased then the market makers will sell dollars to the currency borrowed.
Strengthening of the euro is also one of them is because Portugal have agreed to receive bailout funds from the EU amounted to USD116 billion or 78 billion euros and agreed to reduce the budget deficit over the next three years is 5.9 percent of GDP in 2011, 4.5 percent of GDP in 2012, and three percent of GDP in 2013. (GoFinance)
Meanwhile, according yahoofinance, the rupiah also weakened to Rp8.587 per USD with a daily trading range in Rp8.564-Rp8.587 per USD. The dollar look better on this afternoon.
The pound weakened to 1.6476 per USD, the Australian dollar also weakened to 1.072 per USD, but the euro rose to 1.4887 still observed per USD.
Meanwhile, from the global side, the market makers are still waiting Europian Central Bank (ECB) to raise interest rates. Where there is a signal that interest rates will be increased then the market makers will sell dollars to the currency borrowed.
Strengthening of the euro is also one of them is because Portugal have agreed to receive bailout funds from the EU amounted to USD116 billion or 78 billion euros and agreed to reduce the budget deficit over the next three years is 5.9 percent of GDP in 2011, 4.5 percent of GDP in 2012, and three percent of GDP in 2013. (GoFinance)
Wednesday, May 4, 2011
::Portugal Official Receives USD116 Billion Bailout>>
Go Finance Reporting in Lisbon - The Portuguese government eventually formally accept bailout funds (bailout) of the European Union and the International Monetary Fund (IMF) worth 78 billion euros (USD116 billion), equivalent to Rp997 trillion.
The agreement was submitted directly by former Prime Minister (PM), Portugal Jose Socrates who is now the acting Prime Minister before the next general election June 5. According to Socrates, the bailout received a term of three years is a very good deal for Portugal.
Before the deal, officials from the European Commission European Central Bank (ECB) and the IMF has conducted hearings with Portugal for three weeks. In their official statement on television, Socrates says that the eurozone member countries would provide more time to achieve the budget deficit target as expected.
This year, Portugal trimmed the deficit target to 5.9 percent of Gross Domestic Product (GDP), and 4.5 percent in 2012. As for the next two years Portugal ambition to reduce the deficit to three per cent within the limits established by the European Union.
"I want to announce to the people of Portugal that the government has reached an agreement with representatives of international agencies in the financial aid program for this country," says Socrates in Lisbon, quoted by AFP on Wednesday (05/04/2011).
Socrates himself had resigned from his post as prime minister of Portugal in March after spending savings program which parliament rejected filing. But he is still believed to be acting before the general election next month. (GoFinance)
The agreement was submitted directly by former Prime Minister (PM), Portugal Jose Socrates who is now the acting Prime Minister before the next general election June 5. According to Socrates, the bailout received a term of three years is a very good deal for Portugal.
Before the deal, officials from the European Commission European Central Bank (ECB) and the IMF has conducted hearings with Portugal for three weeks. In their official statement on television, Socrates says that the eurozone member countries would provide more time to achieve the budget deficit target as expected.
This year, Portugal trimmed the deficit target to 5.9 percent of Gross Domestic Product (GDP), and 4.5 percent in 2012. As for the next two years Portugal ambition to reduce the deficit to three per cent within the limits established by the European Union.
"I want to announce to the people of Portugal that the government has reached an agreement with representatives of international agencies in the financial aid program for this country," says Socrates in Lisbon, quoted by AFP on Wednesday (05/04/2011).
Socrates himself had resigned from his post as prime minister of Portugal in March after spending savings program which parliament rejected filing. But he is still believed to be acting before the general election next month. (GoFinance)
::Gold Prices Down In 3 Days Respectively>>
Go Finance Reporting in JAKARTA - The price of gold back down to three consecutive trading periods. This time, gold price of parking at the level of USD1.534 per ounce.
As quoted by Reuters on Wednesday (05/04/2010), the gold price this morning down 0.4 percent USD1.534, 75 per ounce. While the price of gold in the gold futures market inched down 0.3 percent to USD1.535, 50.
Not only gold, silver prices also fell on the COMEX, even up to five per cent to USD40, 47 per ounce. This is the lowest level in almost three weeks. Earlier this silver prices also fell by three percent to as low as USD41, 28. While the price of silver in the spot market fell one percent to USD41, 25.
Some sentiment apparently managed to reduce the rate of strengthening commodity prices of these metals. One is the demand for data on U.S. factory production rose in March indicated a healthy manufacturing sector.
U.S. dollars are also back in the end its lowest level in three years on a number of other currencies. This is because market players seem to prefer to hold euros due to rising interest rate expectations in Europe. (GoFinance)
As quoted by Reuters on Wednesday (05/04/2010), the gold price this morning down 0.4 percent USD1.534, 75 per ounce. While the price of gold in the gold futures market inched down 0.3 percent to USD1.535, 50.
Not only gold, silver prices also fell on the COMEX, even up to five per cent to USD40, 47 per ounce. This is the lowest level in almost three weeks. Earlier this silver prices also fell by three percent to as low as USD41, 28. While the price of silver in the spot market fell one percent to USD41, 25.
Some sentiment apparently managed to reduce the rate of strengthening commodity prices of these metals. One is the demand for data on U.S. factory production rose in March indicated a healthy manufacturing sector.
U.S. dollars are also back in the end its lowest level in three years on a number of other currencies. This is because market players seem to prefer to hold euros due to rising interest rate expectations in Europe. (GoFinance)
::Weakening Oil Prices Wall Street Depressed>>
Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) re-emerged weakened by fears of earnings growth of issuers in the coming quarter.
Corrected observed energy-based stock affected due to falling oil prices. S & P energy index fell by 2.4 percent, in which oil prices in the futures market dropped more than two percent.
While the Nasdaq index was pressured by losses Sears Holding Corp., listed issuers, said first-quarter loss. Cognizant Technology Solutions Corp. also declined due to investors' stock prices would slow down its growth estimates.
"There is little market fears of overheating, and some market participants who used the opportunity to take advantage," said co-chief investment Oakbrook Investments Peter Jankovskis as quoted by Reuters in Lisle, Illinois.
S & P 500 Index also fell back for a second day after earlier reaching its highest level in almost three years last weekend.
At the close of trading on Tuesday (05/03/2011) local time, the Dow Jones Industrial edged up 0.15 points, or 0.00 percent, to 12807.51. Standard & Poor's 500 index dropped 4.60 points, or 0.34 percent to 1356.62. And the Nasdaq Composite Index fell 22.46 points, or 0.78 percent, to 2841.62. (GoFinance)
Corrected observed energy-based stock affected due to falling oil prices. S & P energy index fell by 2.4 percent, in which oil prices in the futures market dropped more than two percent.
While the Nasdaq index was pressured by losses Sears Holding Corp., listed issuers, said first-quarter loss. Cognizant Technology Solutions Corp. also declined due to investors' stock prices would slow down its growth estimates.
"There is little market fears of overheating, and some market participants who used the opportunity to take advantage," said co-chief investment Oakbrook Investments Peter Jankovskis as quoted by Reuters in Lisle, Illinois.
S & P 500 Index also fell back for a second day after earlier reaching its highest level in almost three years last weekend.
At the close of trading on Tuesday (05/03/2011) local time, the Dow Jones Industrial edged up 0.15 points, or 0.00 percent, to 12807.51. Standard & Poor's 500 index dropped 4.60 points, or 0.34 percent to 1356.62. And the Nasdaq Composite Index fell 22.46 points, or 0.78 percent, to 2841.62. (GoFinance)
::Rupiah Back Stronger Because Dollar Weakened >>
Go Finance Reporting in JAKARTA - The rupiah strengthened looked back over the weakening United States dollar (U.S.).
Amount, according to the exchange rate of Bank Indonesia (BI), Wednesday (05/04/2011) weakened to Rp8.559 per USD compared to the previous period in Rp8.554 per USD. But according to yahoofinance, the rupiah strengthened to Rp8.557 per USD with a daily trading range in Rp8.545-Rp8.572 per USD. U.S. dollar weakens monitored over other currencies. The euro strengthened against the dollar to 1.4864 per USD, the Australian dollar strengthened to 1.0853 per U.S. $ and Canadian dollar strengthened 0.9533 per USD.
Strengthening of the euro, one of which is because Portugal have agreed to receive bailout funds from the EU amounted to USD116 billion or 78 billion euros and agreed to reduce the budget deficit over the next three years is 5.9 percent of GDP in 2011, 4.5 percent of GDP in 2012, and three percent of GDP in 2013.
In 2010, Portugal would raise its budget deficit from 8.6 percent of GDP to 9.1 percent of GDP for development of road infrastructure (Highways). At the same time, Portugal also has a debt to GDP ratio that is large enough that 93 percent of GDP in 2010.
Efforts to reduce the deficit by raising taxes and reducing spending in large enough quantities. Despite this positive consensus but investors have considered earlier, Portugal had no alternative but to accept the bailout and as a consequence must be willing to tighten the budget. (GoFinance)
Amount, according to the exchange rate of Bank Indonesia (BI), Wednesday (05/04/2011) weakened to Rp8.559 per USD compared to the previous period in Rp8.554 per USD. But according to yahoofinance, the rupiah strengthened to Rp8.557 per USD with a daily trading range in Rp8.545-Rp8.572 per USD. U.S. dollar weakens monitored over other currencies. The euro strengthened against the dollar to 1.4864 per USD, the Australian dollar strengthened to 1.0853 per U.S. $ and Canadian dollar strengthened 0.9533 per USD.
Strengthening of the euro, one of which is because Portugal have agreed to receive bailout funds from the EU amounted to USD116 billion or 78 billion euros and agreed to reduce the budget deficit over the next three years is 5.9 percent of GDP in 2011, 4.5 percent of GDP in 2012, and three percent of GDP in 2013.
In 2010, Portugal would raise its budget deficit from 8.6 percent of GDP to 9.1 percent of GDP for development of road infrastructure (Highways). At the same time, Portugal also has a debt to GDP ratio that is large enough that 93 percent of GDP in 2010.
Efforts to reduce the deficit by raising taxes and reducing spending in large enough quantities. Despite this positive consensus but investors have considered earlier, Portugal had no alternative but to accept the bailout and as a consequence must be willing to tighten the budget. (GoFinance)
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