Monday, June 20, 2011

::Euro Weakens, Oil prices in Asia down to USD92/Barel>>

Go Finance Reporting in SINGAPORE - Oil prices in Asian markets crashing below USD93 per barrel level after Greece shocked the issue of financial crises that undermine investor confidence in the euro currency.

As quoted by the Associated Press (AP), Monday (06/20/2011), benchmark crude for July delivery this afternoon when Singapore fell 40 cents to USD92, 61 per barrel in electronic trading on the New York Mercantile Exchange (Nymex). When compared with last Friday's close, there is a decrease of $ 1, 94 a barrel or two percent at the level of USD93, 01.

Meanwhile, in London, Brent crude for August delivery fell 67 cents to USD112, 54 per barrel on the ICE Futures Exchange.

In addition to the Greek factor, a factor strengthening U.S. dollar also contributed to drag oil prices continue to decline from almost penetrate USD115 at the beginning of the month.

Meeting of eurozone finance ministers did not produce an agreement to provide additional emergency assistance for Greece which is necessary for the country to avoid bankruptcy in the next month.

The euro weakened to $ 1 Monitored, 4281 per euro in trading today from USD1, 4307 per euro at the close of the weekend.

"We think that the strengthening U.S. dollar will continue and bring the price of oil through $ 80 a barrel level," said energy consultant Schork Group.

According to him, if the euro weakened to below USD1, 4 per euro then the likelihood of oil prices will fall lower than USD88 per barrel.

In other Nymex trading in the contracts in July, heating oil fell 1.3 cents to $ 2, 97 per gallon, while gasoline fell 1.7 cents to $ 2, 93 per gallon. Natural gas futures fell 1.7 cents to $ 4, 31 per 1,000 cubic feet. (GoFinance)

::Gold Prices Print record high points>>

Go Finance Reporting in SINGAPORE - The price of gold moves higher gains the highest price in one day in three weeks. This happens due to the falling U.S. dollar exchange rate and the progress of Greece's debt crisis.

As quoted by Reuters on Monday (06/20/2011), the price of gold rose $ 1, 40 to USD1.539, 80 per ounce. Earlier, on Friday last week, gold also rose to USD1.541. However, gold prices are still below the highest level at approximately USD1.575 in early May.

While silver prices stabilized at $ 36, 00 an ounce, below the record highs USD49, 51 per ounce in April.

Finance ministers postpone decision to extend the European zone further assistance of 120 billion euros, or $ 17 billion in emergency loans to Greece. Because the Greek government should first do the saving.

Greek parties say they need the loan to avoid default to pay the debt in mid-July. The ministers affirmed that the disbursement of the loan will depend on the law of the Greek parliament on the issue of fiscal reform and the sale of state assets.

In addition to formal loans, the new bailout will include the rollover will also voluntarily by private investors on their holdings in Greek government securities. But in a statement, it does not say how large the bailout. (GoFinance)

::Japan's export sales drop 10.3%>>

Go Finance Reporting in TOKYO - Japan's export performance in May 2011 decreased 10.3 percent compared to same period previous year. Japan hit by massive losses, especially in the automotive sector following the earthquake and tsunami disaster.

As quoted from the Associate Press on Monday (06/21/2011), Japan's exports to 4.76 trillion yen, equivalent to $ 6 billion. While imports rose 12.3 percent to 5.61 trillion yen, so the trade deficit was recorded 853.7 billion yen. It is Japan's second-largest deficit after deficit of 967.9 billion yen in January 2009.

Japanese automobile exports in May fell 38.9 percent and shipments of auto parts fell 18.5 percent because of the earthquake and tsunami that struck on March 11, northern Japan.

The disaster left more than 23,000 people dead and missing, also destroyed hundreds of factories in the northeastern coast of Japan. This forced manufacturers such as Toyota Motor Corp. and Sony Corp. to stop production. Japanese exports to the United States fell 14.6 percent in May. U.S. bound export car nose dived 43.5 percent in the month.

Exports to China, Japan's largest trading partner fell 8.1 percent. As for Asia, exports dropped 8.7 percent, and Japan's exports to the European Union fell 8.8 percent. (GoFinance)

::EU Delays Provide Emergency Assistance to Greece>>

Go Finance Reporting LUXEMBOURG - Finance Ministers of the European Zone postpone its decision to extend further assistance amounting to 120 billion euros, or $ 17 billion in emergency loans to Greece. Because the Greek government should first do the saving.

Greek parties say they need the loan to avoid default to pay the debt in mid-July. The ministers affirmed that the disbursement of the loan will depend on the law of the Greek parliament on the issue of fiscal reform and the sale of state assets.

As quoted by AFP on Monday (06/20/2011), the ministers issued a statement after a seven-hour hold meetings in Luxembourg. The ministers also plan a second bailout for Greece after the first bailout provided 110 billion euros in May last year.

The minister said that in addition to official loans, the new bailout will include the rollover will also voluntarily by private investors on their holdings in Greek government securities. But the statement did not say how large the bailout.

Meanwhile, Prime Minister of Greece George Papandreou asks citizens to support the austerity measures and avoid disaster by default. He also appealed for the nation to receive a very unpopular tax increases, spending cuts and privatization plans that are required of international donors.

"The consequences of bankruptcy violent or out of the euro zone would be a disaster for households, banks and the credibility of the state," said Papandreou. (GoFinance)

::Global Exchange Fire, IHSG Enduring on the Green Line>>

Go Finance Reporting in JAKARTA - Although still in the green belt, the trade Composite Stock Price Index (IHSG) began to slow compared to the morning trading session which influenced the negative sentiment that swept the regional and global exchanges.

IHSG, Monday (06/20/2011) afternoon closed up 6.82 points, or 0.2 percent, to 3729.12. LQ45 index rose 1.52 points to 660.31 and the Jakarta Islamic Index (JII) rose Rp1, 33 points to 512.29.

Trading volume today was recorded as 4.24 billion shares worth Rp2, 83 trillion. As many as 86 stocks advanced, 143 stocks fell, and 97 stocks experienced price changes. Foreign investors continued selling the action net Rp41, 212 billion.

Asian stocks again buffeted by negative sentiment that makes a number of exchanges plunged into the red zone as the Hang Seng index slipped 95.75 points, or 0.44 percent to 21,599.51 and the broader All Ordinaries index fell 38.6 points, or 0.85 percent, to 4512 , 5. While the Nikkei 225 index still rose a thin 2.92 points, or 0.03 percent, to 9354.32 and the Straits Times rose 13.31 points, or 0.44 percent, to 3017.03.

European bourses are compact in the red zone after a decision postponed a bailout for the Greek cause and the impact on the euro weakened capital markets. FTSE 100 down 66.1 points, or 1.16 percent, to 5648.65, the CAC 40 fell 53.85 points, or 1.41 percent to 3769.99 and the DAX fell 96.03 points, or 1.35 percent to 7067.93 .

Strengthening consumer sector still leads with 12.78 points followed up the mining sector which rose 3.2 points and the manufacturing sector rose 2.51 points.

Stocks are moving higher (top gainers) including PT Surya Toto Indonesia Tbk (TOTO) rose Rp 4.000 to Rp42.000, PT Dian Swastatika Sentosa Tbk (DSSA) rose Rp1.000 to Rp16.000, and PT Gudang Garam Tbk (GGRM) rose Rp 1,000 to Rp 45.300.

While stocks are moving down (top lossers) including PT Indocement Tunggal Prakasa Tbk (INTP) down Rp350 to Rp16.550, PT Bukit Asam Tbk (PTBA) down Rp 250 to Rp 20.550, and PT Adira Dinamika Multifinance Tbk (ADMF) down Rp 200 to Rp 12.800. (GoFinance)

::Depressed Rupiah Greek Issues>>

Go Finance Reporting in  JAKARTA - The rupiah seemed depressed by the weakening euro against the dollar the United States (U.S.). The weakening of the euro is linked to the news of the bailout both to Greeks who have not liquid as well.

Rupiah, according to the middle exchange rate of Bank Indonesia (BI) at the level of parking Rp8.578 per USD, rose when compared with the previous trading period at Rp8.595 per USD.

Meanwhile, according yahoofinance, rupiah at Rp8.617, 5 per USD with a daily trading range in Rp8.587-Rp8.617 per USD. While on the other hand, seem to be rallying above U.S. dollar and other currencies. The euro fell to Rp1, 42 per USD, and the pounds fell 1.6137 per USD.

A stronger U.S. dollar is not separated from the news that blow in Greece. Finance ministers of the European Union (EU) met on June 19 to 20 yesterday to talk about a second bailout for Greece so as not to trigger widespread defaults.

German Chancellor who had previously refused, Greece expects bondholders are willing to do an extension on a voluntary basis with incentives. The meeting will formulate incentives and will set out in EU-led meeting on June 23 to 24 this.

Although the scheme is still complicated, but it seems the EU will approve the bailout plan as requested by the Greeks to prevent a larger financial crisis especially Italians threatened downgrades by Moody's from the current position at Aa2. (GoFinance)

Sunday, June 19, 2011

::National Coffee Production Declines>>

Go Finance Reporting in JAKARTA - The Association of Indonesian Coffee Exporters and Industry (AEKI) predicts, national coffee production this year will reach 600 thousand tons. That number has decreased compared to last year. Chairman AEKI Suyanto Husein said, national coffee production last year was approximately 640 thousand tons.

Actually, Suyanto said, earlier this year, production is targeted to reach 700 thousand tons. However, he continued, the target was revised due to weather conditions that have not been good and still a lot of old coffee plants. Thus, according to Suyanto, production in some areas also decreased. Currently, said Suyanto, 90 percent of the total 1.2 million hectares (ha) coffee plantation in Indonesia are managed by small farmers.

"We will establish cooperation with relevant ministries to provide a broader land for farmers. In order for the next 10 years of production could reach 900 thousand-1, 2 million tons. We also want to improve the quantity and quality by expanding the land and the use of organic fertilizers, "Suyanto said in Jakarta last weekend.

Suyanto said, the effort to improve coffee production is expected to be in line with national growth of coffee consumption. Including, he said, to realize the development of downstream industries in the domestic coffee. The plan, he said, had discussed with the Minister of Industry, MS Hidayat.

"We hope, in the domestic coffee consumption continues to rise. Currently, it has grown and become part of the lifestyle. It appears from the development of the coffee shop," said Suyanto.

AEKI noted, at this time, Indonesia is the third largest coffee producer in the world, after Brazil and Vietnam. Meanwhile, Indonesia's coffee exports in 2010 is 443 thousand tons, valued at USD791, 76 million.

"Currently, the high demand for coffee in the world. The price is also starting high. If 10 percent of Indonesia's population who drink up to three cups of coffee per day, we finished production is absorbed locally," said Vice Chairman AEKI specialty fields and Coffee Industry Pranoto Soenarto.

Therefore, he added, the program increased production with land development, should be focused on farmers. So, can enjoy the growth of the world coffee market.

"If you can, industries with large-scale coffee companies do not invest in medium-land again. We propose the addition of farmers' land only. So, in the domestic industry to buy from farmers," said Pranoto. (GoFinance)

::Not Perfect, PP 54 Precisely Inhibitory Expenditure Budget>>

Go Finance Reporting in JAKARTA - The Ministry of Finance to assess the implementation of Government Regulation (PP) No. 54 regarding the procurement of goods and services does not encourage the realization of shopping Ministry Institute. This is evident when compared with last year, actual spending is lower this year.

"Because there are obstacles in between the PP 54, PP because it turns out it does not accelerate the realization of shopping," said Herry Purnomo Directorate General of Budget in his office, Wahidin Jalan Raya, Jakarta, last weekend.

The low absorption, he said, because there are less perfect and the PP 54. "So the average was re-tender, who was at the tender last year was due to changes in government regulations, it is overloaded," he explained.

Harry said, compared with last year, slides realization shopping this year are even lower. "That was until May but now June, we shall make a report of the semester, but if completed by the end of June," he said.

The PP 54 Year 2010 guidelines contain about procurement of goods / services of the government, speed up the procurement process, so that procurement contracts can be implemented in January / February (Beginning Fiscal Year in progress).

Earlier, Director General of Treasury Agus Suprijanto revealed some ministry from the ministry just Institution of Public Works are already Implement tender since November. "But implementation is still April," he said in Jakarta. (GoFinance)

::RI-Russia Agree on Nuclear Energy Cooperation and Railways>>

Go Finance Reporting in Jakarta - Two ministers in economics from Russia and Indonesia agreed on cooperation in four sectors. Sector who will be explored include the development of nuclear energy and railways.

It is delivered by the Special Staff of the Coordinating Minister for Economic Affairs Amir Sambodo, Saturday (06/18/2011).

"Coordinating Minister Hatta Rajasa met with Russian Minister of Economic Development, Elvira Nabiullina. Chief Economic Minister M. Hatta Rajasa deliver four areas of Indonesia-Russia cooperation," said Amir.

The four sectors are the subject of cooperation are:

     1. Good security (food security)
     2. Energy including the development of nuclear energy for peace
     3. Transport including trains
     4. Trade and investment


"The Russian government welcomes these four areas of cooperation," said Amir.

Amir explained, Russian Minister of Economic Development will be delivering the food security agenda in the APEC meeting in 2012 in Russia.

"Russia calls on the government of Indonesia to finalize the topic of food security to meet the APEC meeting," said Amir.

Hatta Rajasa was indeed central to Russia to attend the St. Petersburg International Economic Forum on 16-17 June 2011.

Hatta will deliver a presentation on the Asia Pacific Economic Cooperation (APEC): The Evaluation and Continuation of a substantial agenda.

He also scheduled meetings with Russian businessmen intending to invest in Indonesia, among others in the mining sector and Nickel smelter with an investment of U.S. $ 6 billion. (GoFinance)

Saturday, June 18, 2011

::Gold Gains Because Dollar Weakens>>

Go Finance Reporting in NEW YORK - Gold prices rose nearly a percent due to declining value of U.S. dollar (U.S.). This is the biggest reinforcement for safe-haven commodities in the last three weeks.

It is also due to economic uncertainty the European Union, including Germany and France step which intends to save Greece from the default by urging the Prime Minister of Greece to replace the Minister of Finance because the savings plan are not considered popular.

The increase in gold prices is also due to U.S. economic activity is interpreted to increase even backwards. Coupled with the poor U.S. consumer sentiment is expected to weaken in June.

"We see risks in the equity markets back up so the dollar down. Obviously, gold is reacting very well," said the Director of Metals Trading Vision Financial Markets David Meger, as quoted by Reuters on Saturday (06/18/2011).

The price of gold in the spot market rose 0.8 percent to USD1.540, 99 per ounce. This is the strongest rise in a single day since May 27 when it jumped 1.1 percent. (GoFinance)

::Gains, Dow Jones Return to Level 12 000>>

Go Finance Reporting in NEW YORK - Stock markets United States (U.S.) began to squirm in the midst of Greece's debt crisis. It is a sign that slowly but surely Europe can overcome the debt crisis that occurred in the region.

As reported by the AFP, in late trade on Friday (06/17/2011) local time, the Dow rose 42.84 points, or 0.36 percent ke12.004, 36. S & P 500 Index also rose 3.86 points, or 0.30 percent to 1271.50, but the Nasdaq Composite index fell 7.22 points, or 0.28 percent, to 2616.48.

In early trading, the stock market positive cloud up after the German chancellor Angela Merkel and French President Nicolas Sarkozy urged fast action to do a new rescue against Greece, but the momentum is fading.

"By the weekend there is a little trepidation and fears of Greek issues, there may be no short-term resolution," said the head of Owen Fitzpatrick of Deutsche Bank's equity.

The Nasdaq index was also weighed by the falling value of the shares of Research in Motion. Shares of BlackBerry manufacturer is dropped more than 21 percent due to disappointing earnings reports. (GoFinance)

Friday, June 17, 2011

::Technical Factors Rescued, Dow Jones Rebound>>

Go Finance Reporting in NEW YORK - Stock prices on Wall Street tend to move up in volatile trade on Thursday, thanks to technical factors. Despite uncertainty about the Greeks could deter investors to exit the market.

Dow Jones Industrial Average (DJI) rose 64.25 points, or 0.54 percent to 11961.52 position. The Standard & Poor's 500 (SPX) edged up 2.22 points, or 0.18 percent to a level of 1267.64. But the Nasdaq Composite Index (IXIC) fell 7.76 points, or 0.29 percent, to 2623.70.

Expiration of stock-index futures, single stock futures, options and stock index options in June, known as quadruple the enchanting thus creating tremendous volatility. As well as pushing the S & P 500 is more than one percent compared to the previous session that was recorded low.

Quoted by Reuters on Friday (06/17/2011), Greece remains one of the factors of negative investor sentiment, although experts say banks' exposure the United States (U.S.) for Greece's debt may be less than many market participants fear.

However, the market needs immediately respond to situations, such as the lack of an agreement to resolve the debt crisis of Greece that could hamper investor confidence.

'Headline today is Greek, and it will continue to happen until there is some clarity or confidence to get out of debt, "said Head NYSE Floor Operations for Meridian Equity Partners in New York, Jonathan Corpina.

However, losses incurred due to investors looking for value after the recent take action. Dow Jones also closed a volatile day with modest gains and the Nasdaq fell slightly more than one percent in afternoon trading. (GoFinance)

::Weakened, Rupiah Back Again to Rp8.600/USD>>

Go Finance Reporting in JAKARTA - A variety of pressures that plagued the rupiah seemed unstoppable. This momentum is used as the arena for market participants to profit-taking at the weekend.

Rupiah, according to the middle exchange rate of Bank Indonesia (BI) on Friday (06/17/2011) weakened to Rp8.595 per USD compared to the previous trading period at the level of Rp8.584 per USD.

But, according to yahoofinance, the rupiah had slipped to as low Rp8.612 per USD with a daily trading range in Rp8.582-Rp8.625 per USD. As also observed stronger dollar over other currencies. The euro weakened to 1.4189 per USD, as well as the pounds are weakened to 1.6133 per USD.

External conditions this time simply press the rupiah in between rising inflation in the eurozone. In addition the unemployment rate in Europe is also experiencing an increase in which is month to month increase from 0.1 percent to 0.2 percent and year to date (ytd) from 14.2 percent to 15 percent.

In addition, bonds issued by Greece gets low ratings from rating agency Standard & Poor's, and some French banks in the region also experienced a downgrade so that the negative impact of the rupiah. (GoFinance)

::Sinkhole, Profit Taking Dominate IHSG Movement>>

Go Finance Reporting in JAKARTA - Movement Composite Stock Price Index (IHSG) is observed again in the afternoon, although not too deep sinkhole. Profit taking is suppose to be triggered weakening IHSG this weekend.

IHSG Friday (06/17/2011) fell 18.17 points, or 0.49 percent to a position equivalent to 3722.30. While thin LQ45 index also fell by 658.79 points, or 3.12, and the Jakarta Islamic Index (JII) fell 4.5 points or at 510.96.

The value of trade transactions recorded today Rp4, 078 trillion, with a volume of 3.75 billion shares. As many as 75 stocks advanced, 173 stocks fell, and 73 stocks tracked stable.

Of stocks in various sectors are also tracked down, where the mining sector led the most in the attenuation of 40.54 points. Followed stocks in the plantation sector which fell 24.51 points. only the financial sector stocks are strengthened by 1.38 points.

The movement of Asian markets also recorded entirely red, like the Hang Seng index dropped 257.85 points to 21695.26 position, the Nikkei 225 index fell 59.88 points to 9351.4 and the Straits Times Index slid 16.28 points to 3003.85.

Stocks that rose among the PT Delta Djakarta Tbk (DLTA) rose to 125 thousand Rp5.000, PT Bayan Resources Tbk (BYAN) rose Rp400 to Rp20.200, and PT United Tractors Tbk (UNTR) rose Rp250 to Rp22. 900.

While stocks fell, among others, PT Gudang Garam Tbk (GGRM) down Rp1.350 to Rp44.300, Tbk PT Indo Tambangraya (ITMG) down Rp950 to Rp44.450, and PT Fast Food Indonesia Tbk (FAST) down Rp500 to Rp10 thousand. (GoFinance)

Wednesday, June 15, 2011

::Japanese Prepare 200 million Yen for ASEAN>>

Go Finance Reporting in JAKARTA - The Ministry of Economy, Trade and Industry (METI) of Japan plans to spend approximately 200 million yen which is used for Pacific Economic Agreement (EPA) in the ASEAN region.

This was conveyed by the Director of ASEAN affairs, Trade Policy Bureau Ministry of Economy, Trade and Industry of Japan, Takuma Yamaguchi, when found in the Ministry of Industry, Jakarta, Wednesday (06/15/2011).

"Put up 200 million yen fund from METI to ASEAN countries in supporting the implementation of the EPA, one of them to Indonesia. Activities which support the activities of the EPA is one of them is for Manufacturing Industrial Development Center (MIDEC)," he said.

However, he could not explain how the section will be accepted by Indonesia of a total of 200 million yen, because it still would be studies further.

"Budgeting for Indonesia is still under discussion. Because not known what activities will be carried out to Indonesia. Each was still under discussion further," he explained.

Dana does not include the Japan International Cooperation Agency (JICA), in which if given a gift from JICA could even greater.

As on Thursday, June 16 return will be a further meeting, in which one of them would discuss what activities will be done to carry MIDEC this year.

"Governance Governance her to a new tomorrow, so you can know what activities will be carried out for this year. So how can the amount of the budget breakdown for Indonesia," he concluded.

For information, cooperation agreements IJEPA (Indonesia-Japan Economic Partnership Agreement) between Indonesia and the Japanese government in principle aims to strengthen economic relations between the two countries.

One agreed in IJEPA in 2008 is a collaboration to increase industrial competitiveness, better known by Manufacturing Industrial Development Center (MIDEC). (GoFinance)

::Finally, Wall Street Stronger Highest in 2 Months>>

Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) finally rose, even this reinforcement is the highest in two months due to the release of retail sales figures which traders fear will erode the economic downturn.

Many analysts said the rally is happening can only be materialized by the existence of a miracle. Although still weak, retail sales data are not as bad as most had expected, which gives reason to buy after the market is approaching oversold conditions that most of the year.

"In the long term, the trend is weakening is still disturbing. If you look at the S & P 500, index in has lost more than $ 1 trillion, the value since its peak in early May," said Director of DME Securities Alan Valdes was quoted as saying by Reuters, in New York.

Many factors still to be pressure, including worries over debt problems in Europe and the United States. In addition, market participants seemed interested in buying the bonds the Federal Reserve, which has become the main source of liquidity to the market.

U.S. retail sales declined for the first time in 11 months in May, but not far from initial estimates. Chinese data also help to alleviate concerns about global growth.

Strengthening trade spread across the board, the Morgan Stanley retail index rose 2.8 percent, this includes the best performance. The energy sector was also positive, the S & P energy sector index rose two percent as oil prices rose.

At the close of trading on Tuesday (06/14/2011), the Dow Jones industrial rose 123.14 points, or 1.03 percent to 12076.11. The broader Standard & Poor's 500 index rose 16.04 points, or 1.26 percent, to 1287.87. The Nasdaq Composite Index rose 39.03 points, or 1.48 percent to 2678.72. (GoFinance)

::Still Positive, IHSG Was Thrown from Level 3800>>

Go Finance Reporting in JAKARTA - Though still showing positive trends, Composite Stock Price Index (IHSG) have failed to maintain its position at the level of stock trading in 3800 after the second session lasted slowed.

IHSG, on Wednesday (06/15/2011) afternoon closed up 20.98 points, or 0.6 percent, to 3794.25. LQ45 index rose 4.45 points to 672.16 and the Jakarta Islamic Index (JII) rose 2.5 points to 521.82.

Trading volume today was recorded at 4.303 billion shares valued at Rp 3, 478 trillion. As many as 128 stocks advanced, 104 stocks fell, and 94 stocks remained unchanged in price. Foreign investors make net buying up to Rp471, 881 billion.

Asian stocks are still moving ahead of the final two-way trade, where the Nikkei 225 index rose 26.53 points, or 0.28 percent to 9574.32. Meanwhile, the Hang Seng index ambles up to 152.23 or 0.68 percent to 22343.77 followed Straits Times index falling 2.75 points, or slim 0.07 percent to 3056.44.

Stocks that move strengthened (Top gainers), among others, PT Multi Bintang Indonesia Tbk (MLBI) rose Rp8.000 to Rp370.000, and PT Astra International Tbk (ASII) rose Rp1.650 to Rp58.900.

Meanwhile, stocks that move down (top lossers) of which PT HM Sampoerna Tbk (HMSP) down 150 to Rp28.100 and PT Harum Energy Tbk (HRUM) down Rp150 to Rp9.300. (GoFinance)

Tuesday, June 14, 2011

::IPO Value Facebook Estimated USD100 Billion>>

Go Finance Reporting in NEW YORK - Social networking site Facebook is preparing to  conduct  bookbulding  IPO (initial public offering / IPO) in early October or November with a value of more than USD100 billion.

As revealed by CNBC quoted by Reuters on Tuesday (06/14/2011), Goldman Sachs will be the lead underwriter in an initial offering of shares Facebook in the first quarter 2012.

With more than 500 million users, Facebook became the media's most popular social network and its IPO was highly anticipated by many on Wall Street.

Last month, Director of Operations Facebook had made ​​the comments that the IPO was inevitable, but now can not comment on the latest conditions related to the plan.

Anticipation of future plans  up came when investor appetite is tasteful to the social networking company that grew rapidly.

Last month, a professional social network LinkedIn Corp. has made an IPO Approximately $ 7 billion. While at the site earlier this month confessed Groupon Inc. bid for Facebook up to USD750 million IPO.

Meanwhile, for Facebook, now valued as a threat to the already well-known Internet companies like Google Inc., Yahoo Inc. distinction.

Earlier this year, Facebook is valued at USD50 billion by Goldman Sachs when it started investments there. Currently Facebook on the secondary market value of approximately USD78-USD81 billion. Facebook itself is expected to earn approximately $ 4 billion for advertising revenue in 2011, up from $ 1, 86 billion last year. (GoFinance)

::Venezuela Electricity Consumption Limit>>

Go Finance Reporting in Caracas - Venezuela, one of the leading oil producer in the world, trying to limit the power consumption as the power to meet domestic demand.

The Venezuelan government said, which is the largest electricity consumers in shopping malls, factories, office buildings and even some houses, had to cut their energy use 10 percent compared to the average monthly usage.

Venezuelan Vice President Elias Jaua and Minister of Energy and Electricity Ali Rodriguez said that homes that have reduced their energy use exceeds 10 percent would receive a sharp discount on their utility bills, which are subsidized.

The move follows a series of blackouts that occurred last weekend, and came after Venezuela impose electricity rationing power control on a monthly basis in 2010.

Quoted by AFP on Tuesday (06/14/20110, exclusion restrictions of this electricity to the hospital, the operation of oil and associated gas, city cleaning service, air traffic control, schools, and embassies. The offices of government should set an example in the use of energy.

"These are the steps for proper use of electrical energy and the rational which aims to keep supply and safe," said Jaua.

Last year, Venezuela's government blames drought due to the power crisis, where nearly 70 percent of the country's electricity comes from the Guri hydroelectric plant in southern Venezuela.

However, energy experts say, the state utility system requires an investment of $ 20 billion dollars over the next four years to meet demand. Venezuela itself nationalized the national electric power utility in 2007. (GoFinance)

::Dow Jones Stronger Thin>>

Go Finance Reporting in NEW YORK - The stock market rose despite thin. It is considered only temporary because of fears of economic slowdown are threatening.

S & P 500 rose for the second time in nine trading sessions, while the Nasdaq 100 managed to survive falls below the average of 200 days in 2218. Investors seemed still flat despite the prices of some stocks have become cheap enough after six weeks of stock market experienced selling pressure.

"If we do not get great information about the economy out of trouble, or the emergence of other things that help determine our trading decisions will still be the same market conditions over the coming weeks," said vice president Cuttone & Co. Keith Bliss was quoted as saying by Reuters on New York.

Evidence of weak global economic recovery has pushed the S & P 500 dropped from 6.6 per cent from its highest position in early May. Some analysts even said that this index will be corrected to 10 percent.

At the same time, transactions that occur between the insurer and communication technology sector showed an attractive valuation. Among them, the Allied World Assurance Co. Holdings Ltd. agreed to buy Transatlantic Holdings Inc. for $ 3, 2 billion.

Transatlantic shares jumped 9.5 percent to $ 48, 19, while Allied fell by 4.5 percent to USD55, 44.

VF Corp., owner of the North Face brand buy Timberland Co. is known for its hiking boots, amounting to $ 2 billion to boost sales of outdoor equipment, which is the largest business. VF Corp. rose 10 percent to USD101, 01 and Timberland jumped 44 percent to USD43, 20.

At the end of the close of trading on Monday (06/13/2011), the Dow Jones Industrial rose 1.06 points, or 0.01 percent, to 11952.97. Standard & Poor's 500 index rose 0.85 points, or 0.07 percent to 1271.83. But the Nasdaq Composite Index dropped 4.04 points, or 0.15 percent, to 2639.69. (GoFinance)

::IHSG Close Trade on the Green Line>>

Go Finance Reporting in JAKARTA - After careful stepping most of the day, finally Composite Stock Price Index (IHSG), steady close today with the strengthening of up to 24 points.

IHSG, on Tuesday (06/14/2011) evening closed rose 24.51 points, or 0.7 percent, to 3773.27. LQ45 index also gained 4.05 points to 667.71 and the Jakarta Islamic Index (JII) rose 3.35 points to 519.32.

Day trading is fairly lively with a volume of 7.145 billion shares valued at Rp 4, 487 trillion. As many as 127 stocks advanced, 88 stocks fell, and 108 shares remained unchanged in price. Foreign investors net this time to take action buying up to Rp1, 787 trillion.

Although still dominated by the strengthening in Asian stocks, but the Hang Seng index slipped 12.08 points, or just 0.05 percent to 22,496 followed by the Straits Times that thin down 2.27 points or 0.07 percent, to 3056.51.

In Europe, positive trends are also making early trading today looks cheerful. The FTSE 100 index rose 25.96 points to 5799.71, the CAC 40 rose 43.87 points to 3851.41 and the DAX soared 109.23 points to 7194.37.

Strengthening indices today led by the plantation sector, which rose 31.02 points, followed by the consumption sector, which rose 20.92 points.

Stocks that move strengthened (Top gainers) PT Merck Indonesia Tbk (MRK) rose Rp5.000 to Rp110.000, PT Multi Bintang Indonesia Tbk (MLBI) rose Rp2.000 to Rp362.000, and PT Gudang Garam Tbk (GGRM ) rose Rp1.700 to Rp45.450.

Meanwhile, stocks that move down (top lossers) of which PT Squibb Indonesia (SQBI) down Rp3.000 to Rp122.000, and PT Delta Djakarta Tbk (DLTA) fell 1,000 to Rp122.000. (GoFinance)

::Rupiah falls Middle Positive Sentiment>>

Go Finance Reporting in JAKARTA - The rupiah again closed lower despite positive sentiment monitored. Where United States dollars (U.S.) observed depressed, and move stock index rose.

Amount, according to the exchange rate of Bank Indonesia (BI) on Tuesday (06/14/2011) weakened to Rp8.536 per USD compared to the previous period in Rp8.531 per USD.

Meanwhile, according yahoofinance, the rupiah is on Rp8.537 per USD with a range of trade-Rp8.547 Rp8.537 per USD. Dollar exchange rate weakened when observed over a number of other currencies. Thus, the euro rose to 1.4453 per USD, and the pound rose to 1.6395 per U.S. dollar.

In fact, Composite Stock Price Index (IHSG) was observed to strengthen the trade this time. But before the selling pressure seen covering the stock index also occurs in the rupiah.

Yet despite such for the medium to long-term movement of the rupiah against foreign currencies is predicted that Uncle Sam can be supported by stronger domestic macro-economy is still stable today. (GoFinance)

Monday, June 13, 2011

::Achieving the MDGs, ADB Claim Help Contribute Asia Region>>

Go Finance Reporting in JAKARTA - The last few years Asian experience in the development and advancement of the attention on the millennium development target program or the Millennium Development Goals (MDGs).

However, homework is piling up. Therefore, there are still 900 million people of Asian society living below the poverty line and 1.9 billion people who do not get the Asian community sanitation access, 450 million people access clean water difficulties.

Managing Director of Asian Development Bank, Rajat M. Nag Rajat claimed all this time his side has a role to help countries in Asia to achieve the millennium development targets.

He said the ADB has provided loans amounting to three times more specific for MDG-related programs. He considered, the role of the private sector is very important and need huge investments.

"Because, from 14 developing countries in Asia Pacific need to be approximately $ 8 billion a year to achieve the MDGs," said Rajat, "in discussions about the MDGs in the title of the World Economic Forum on East Asia, in Jakarta on Monday (06/13/2011) .

The amount of financing and funding needs can be exploited by optimizing the revenue from the taxation sector. Because, he said, countries in Asia, have a collective level of taxes collected on average only 10 percent (tax ratio). It should be carried out not only boost the mobilization of tax revenue, but also improve the system and tax management.

UN Secretary General Special Adviser to Jeffrey Sanchs MDGs program proposed for optimizing the withdrawal of tax to fight poverty and achieve other MDG targets.

He emphasized that countries in Asia were asked not get your hopes up and rely on aid budgets of developed countries. "The United States does not have a policy of budgetary allocations for social programs. Wall Street bonuses are too large, so they forget to donate to poor countries, "said Sanchs.

Assistant Secretary-General of inter-agency policy coordination and Thomas Stelzer reaffirmed the commitments made by leaders of both developed and developing countries to achieve MDGs by 2015.

According to him, in the year, the level of welfare and community life of the world, including in Asia, should be better. Governments in each country have a hard enough task. Therefore, there is still one billion people are starving the world community. While poverty rates in Asia, have declined by 13-60 percent, and only the remaining 19 percent in East Asia.

Related to funding, in general, the investment will come in and can be maximized to finance the MDGs. The private sector must be embraced to not only invest for the sake of profit alone, but also care about social life.

Although less desirable, it still saw great potential for public funding through investments in social sector. "CSR can be done, but now also started to Corporate Social Investment," said Thomas. (GoFinance)

::Supported by Egypt, Indonesia and the UAE, Lagarde More Self-Confidence>>

Go Finance Reporting in PARIS - French Finance Minister Christine Lagarde claims to have won support from Egypt, Indonesia and the United Arab Emirates (UAE) to occupy the chair the Director of the IMF.

In Cairo, Egyptian Foreign Minister Nabil al-Arabi, has announced support for Lagarde compared to two other candidates namely the Head of the Central Bank of Mexico Agustin Carsten and Central Bank of Israel Governor Stanley Fischer.

"The Egyptian government supports the candidature French Finance Minister Christine Lagarde to serve as managing director of the IMF," said al-Arabi, quoted by AFP news agency MENA on Monday (06/13/2011).

In response, Lagarde admitted very happy for the support he received from Egypt. "In this region, I have the honor after support from Bahrain and has support from other Arab countries," said Lagarde.

Meanwhile, Arab Emirate Union also expressed support for the UAE Minister of Finance expressed Humayd Obeid al-Tayer. While in Indonesia, the Finance Minister Agustin Martowardojo also expressed support for the figure depicting Lagarde Lagarde as a professional, highly skilled in the interaction between the organization and have high integrity and expertise.

With all the support that flowed to him, Lagarde said that he believed his chances to occupy the director's chair IMF more wide open.

"I am very confident, especially after a meeting in Egypt. We have a very good relationship," said Lagarde. (GoFinance)

::This is Main Obstacle Fischer If Being IMF Bos>>

Go Finance Reporting in JERUSALEM - Israeli Central Bank Governor Stanley Fischer helped enliven the bourse candidate for Director of the International Monetary Fund (IMF). But it turns out, there are major obstacles to be faced. What is it?

"One stumbling block could be his age Fischer. Fischer will be 68 years old next October. Where the IMF rules, a candidate for the Director of the IMF must be aged under 65 years. But we will continue to support it," said Yuval Steinitz Israeli Finance Minister, quoted by by AFP on Monday (06/13/2011).

The IMF executive Board consisting of 24 people, representing all members of the IMF, have targeted the end of June it reached one name of one candidate forward. However, other obstacles that will confront Fischer namely the state of Israel is not "popular" in Arab countries.

"The main task of the Fund is suitable for Fischer, like a glove, either because of education and experience exceptional. He has built the IMF, World Bank, and in the six years he has become an asset for the Israeli economy to become governor of the central bank," said Steinitz.

Steinitz said that Israel's goal is to support the bid and work together to help the success of Fischer. For your information, French Finance Minister Christine Lagarde, Governor of the central bank of Mexico Agustin Carstens is currently vying to fill the vacancy. (GoFinance)

::Global pressures, IHSG closed lower 38 pts>>

Go Finance Reporting in JAKARTA - Despite the weakening of the index is not as bad as this afternoon, Composite Stock Price Index (IHSG) is still not able to escape from the pressures of global stock and must be willing to lose 38 points.

IHSG, on Monday (06/13/2011) evening closed down 38.89 points or one percent to 3748.76. LQ45 Index fell 6.86 points to 663.21 and the Jakarta Islamic Index (JII) fell 4.56 points to 515.97.

Trading volume today was recorded at 5.817 billion shares worth Rp 3, 782 trillion. Some 37 stocks advanced, 211 stocks fell, and 75 stocks remained unchanged in price. Foreign investors net selling action up to Rp55, 501 billion.

This afternoon Asian stocks started moving in both directions. The Hang Seng Index started to spread the green belt with reinforced up to 87.71 points, or 0.39 percent, to 22508.08. However, attenuation still occurs in the Nikkei 225 index by 66.23 points, or 0.7 percent, to 9448.21 and the Straits Times slipped 15.67 points, or 0.49 percent, to 3062.89.

In early trade in European markets are also dominated by weakness among the sinkhole's FTSE 100 index 81.54 points, or 1.39 percent, to 5774.5, followed by the DAX is down 10.10 points, or 0.14 percent ke7.059, 2 and CAC 40 thin down 1.77 points, or 0.05 percent to 3803.31.

Plantation sector recorded a weakening of the deepest of 42.88 points, followed by the mining sector, which fell 37.55 points.

Stocks that move strengthened (Top gainers) of them Japfa Comfeed PT Tbk (JPFA) rose Rp175 to Rp4.500, XL Axiata PT Tbk (EXCL) rose Rp150 to Rp5.950.

Meanwhile, stocks that move down (top lossers) of them Squibb Indonesia (SQBI) down Rp5.000 to Rp125.000, PT Gudang Garam Tbk (GGRM) down Rp1.600 to Rp43.750, PT Astra International Tbk (ASII) down Rp1.050 to Rp56.400. (GoFinance)

Friday, June 10, 2011

::South Korea's Central Bank Raises Rates Being 3.25%>>

Go Finance Reporting in SEOUL - South Korea's central bank (South Korea) raised its benchmark interest rate by 25 basis points to 3.25 percent. The increase in interest rates this as a step to curb inflationary pressures.

Quoted by AFP on Friday (06/10/2011), increases in interest rates this June is the third year. Although the data show a slowing of economic recovery at home and abroad.

Bank of Korea had an unexpected freeze interest rates in May for the second month in a row, following economic uncertainty. The indicators, among others, volatility in oil prices and the debt crisis in the eurozone.

For your information, now South Korea's central bank has raised borrowing costs at 1.25 percent in five steps since July last year. (GoFinance)

::U.S. Export Data Leads Wall Street to the Green Line>>

Go Finance Reporting in NEW YORK - Good news finally came after a Wall Street trading floor was embroiled in a cloud for a week.

As quoted by the Associated Press (AP), Friday (06/10/2011), reports that U.S. exports reached a record high in April, bringing the positive impact that makes the shares on Wall Street rose sharply. This is caused by investor optimism after a week of economic recovery is bleak economic progress.

The Dow Jones industrial average rose 75.42 points, or 0.6 percent, to 12124.36 position. The broader Standard & Poor's 500 index rose 9.44 points, or 0.7 percent, to 1289.00. Nasdaq Composite Index rose 9.49 points, or 0.4 percent, to 2684.87.

This positive result to break the deadlock over the six days and marks the first time the stock rose in June. Shares have dropped following a bad report on manufacturing, home sales, recruitment and consumer confidence.

The decline during this week to make stock market appears relatively cheap. S & P 500 Index has lost 6.2 percent for six days.

"The movement of the market like a swinging pendulum. The decline was already quite strong, and current conditions you can easily predict that the market 'breathe'" said chief economist for JPMorgan Private Wealth Anthony Chan.

A shrinking trade deficit is a sign that the goods from U.S. manufacturers become more competitive in overseas markets. U.S. companies sell more computers, heavy machinery and telecommunications equipment overseas in April compared with the previous month. Meanwhile, imports decreased because fewer cars are purchased from Japan after a plant is damaged by the earthquake and tsunami disaster that struck the country.

Meanwhile, a report on unemployment benefit claims was in line with the expectation that new applications will be roughly the same. Labor Department reported that new jobless claims edged up 1,000 to 427 thousand. Economists expect the decline a bit. The high level of claims indicates that the job market is still slow.

Advertising companies, the Group of Cos. jumped 6.4 percent was recorded, most companies in the S & P 500 index, after ratings agency Moody's raised ratings on the company.

While the spike in oil prices has also made energy stocks higher. Energy companies in the S & P 500 index rose 1.2 percent. Crude oil rose $ 1, 19 to settle at USD101, 93.

The movement of shares have been slipping since mid-April as investors became worried that the U.S. economy has slowed. Rising oil prices, the Japanese tsunami and disaster risk nuclear and Greece might default on the debt has caused investors to lower their estimates for U.S. economic growth this year. Today, the consolidation of the trading volume was 3.5 billion shares. (GoFinance)

::Lagarde Welcomed China, Carstens to India>>

Go Finance Reporting in BEIJING - Candidates Managing Director of the International Monetary Fund (IMF), Christine Lagarde expressed receives the impression of "positive" during a visit to China yesterday. The arrival of the French Finance Minister to the State Panda is done to garner support after the previous stop in India and Brazil.

In an interview with AFP, Lagarde said that she wanted to become the first woman in the IMF who served as managing director. It was revealed after he held talks with Chinese officials in a marathon on Wednesday (06/08/2011) in Beijing.

Previously, China, India and other developing countries trying to thwart the traditional domination of European countries on leadership at the IMF.

Developing countries assess the rule which has been used is outdated. However, so far developing countries refused to express opinions in public about his candidacy.

"I am very satisfied with the meeting in China. I feel very positive follow this conversation but it's up to them to convey the decision, "he said.

Lagarde said, fine if China wants to increase the representativeness of the IMF. He also praised Beijing's efforts in enabling the growth of the yuan as a positive step.

During the 55-year-old Beijing woman who is a former international lawyer is to meet with Foreign Minister Yang Jiechi, China's central bank governor Zhou Xiaochuan, Minister of Finance Xie Xuren, and Vice Prime Minister Wang Qishan.

Chinese Foreign Minister Yang Jiechi said, the competition to lead the IMF is very open. According to him, the meeting Lagarde convey a warm response as did the Finance Minister of India Pranab Mukherjee in New Delhi Tuesday, June 7 last.

In the meantime, the only serious competitor in the election of IMF Managing Director is the Governor of Central Bank of Mexico Agustin Carstens. Just as Lagarde, Carstens also heavily made visits to other countries to build support. Finally, he traveled to Canada on Tuesday (06/07/2011) then. He also scheduled a visit to India today after the previous visit to Argentina and Brazil.

From New Delhi, Indian Finance Minister Pranab Mukherjee said India's decision to support the candidate led the IMF is in the hands of Prime Minister Manmohan Singh. (GoFinance)

::Rupiah Back Stronger in Final Week>>

Go Finance Reporting in JAKARTA - The rupiah strengthened to move back this weekend. However, it turns out stronger dollar also began to move.

Amount, according to the exchange rate of Bank Indonesia (BI) on Friday (06/10/2011) rose to Rp8.518 per USD compared with the previous trading period in Rp8.523 per USD.

Meanwhile, according yahoofinance, the rupiah is on Rp8.522 per USD with a daily trading range in Rp8.502-Rp8.522 per USD. The value of the dollar was also observed in other currencies strengthened. As a result, the euro fell to Rp1, 4472 as the USD and pound weakened to 1.6263 per U.S. dollar.

Previously, the Board of Governors (RDG) of Bank Indonesia yesterday, Thursday (09/06/2011) define BI benchmark rate at 6.75 percent fixed rate. According to the Indonesian Securities analyst Samuel Lana Soelistianingsih these decisions in accordance with the expectations of analysts and the market so neutral reaction to this decision.

BI rate could still survive because the inflation rate from January to May is still relatively low at 0.51 percent. Although the next three months there was a trend rise in inflation rate because of the seasons that the new school year in July, fasting and feast day in August.

But Lana estimate the BI rate could still survive at 6.75 percent, and there will only increase once more (25 bps) in the fourth quarter of 2011 to seven percent if inflation pressures rise. (GoFinance)

::Troubled, IHSG Back Down 5 Points>>

Go Finance Reporting in JAKARTA - fresh wind that blows on the trading floor this morning apparently did not last long. Pressure from regional exchanges still make Composite Stock Price Index (IHSG) giddy pace and must be willing to lose five points at the close of trading this afternoon.

IHSG, on Friday (06/10/2011) I closed the session down 5.73 points, or 0.15 percent to 3800.46. LQ45 Index fell 1.8 points to 671.59 and the Jakarta Islamic Index also fell 2.96 points to 522.63.

The volume of trade until this afternoon, there were 2.255 billion shares valued at Rp1, 054 trillion. As many as 90 stocks advanced, 100 stocks down and 111 stocks are not moving.

Asian stocks are still shaded by clouds that make some moves leading stock negative. The Hang Seng index still declined 155.13 points, or 0.69 percent to 22,454.7, followed by the Straits Times index falling 6.93 points, or 0.22 percent, to 3090.64. While the Nikkei 225 still survive in the green belt with a strengthening of 90.07 points, or 0.95 percent, to 9557.22.

The mining sector is still weak up to 16.17 points, followed by the plantation sector fell 7.4 points, while private consumption rose by 5.67 points.

Stocks that move strengthened (Top gainers) including PT Dian Swastatika Tbk (DSSA) rose Rp1.950, PT Bukit Asam Tbk (PTBA) rose Rp200 to Rp21.150 and PT SMART Tbk (SMAR) rose Rp200 to Rp7.100.

Meanwhile, stocks that move down (top lossers) including PT Adira Multifinance Tbk (ADMF) down Rp1.100 to Rp13.600, PT Astra International Tbk (ASII) down Rp1.100, PT Bayan Resources Tbk (ITMG) down Rp550 to Rp46.650. (GoFinance)

Thursday, June 9, 2011

::Gold Prices Rise Thin on Middle Weakening Dollar>>

Go Finance Reporting in SINGAPORE - The price of gold was observed to be rallying on the weakening United States dollar (U.S.) and a stronger euro, supported by expectations the European Central Bank (ECB), the signaling will raise interest rates.

As quoted by Reuters on Thursday (06/09/2011), in the spot market price of gold rose $ 1, 39 to USD1.538, 19 per ounce. At previous sessions, the gold price had dropped half a percent. Gold in U.S. GCcv1 slightly changed to USD1.539, 40.

The price of gold has moved in the range of USD1.530-USD1.550 this week, with market players are still looking for clues on U.S. monetary policy related to subsequent stimuli.

Fitch downgraded the U.S. warned it would be a sovereign default in August if the government fails to pay the debt securities that mature on August 15.

Investors are still waiting for the tribe by the European Central Bank (ECB) to which is likely to raise interest rates in July. (GoFinance)

::Movement Economy Slows Press Wall Street Continues>>

Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) again closed lower for the sixth time in line with investor worries that the economic slowdown will make the stock market went backwards.

The latest evidence of economic slowdown comes from the Federal Reserve's Beige Book, which provides anecdotal reports of the economy. This is reinforced rating Fed Governor Ben Bernanke, he said economic growth was slowing.

The atmosphere worsened market when Bernanke did not give instructions step the U.S. central bank is then, whether the central bank will offer a third round of stimulus to the economy or not. Beige Book said the price of food becomes more expensive, so is the price of energy. This is also due to supply disruptions from the earthquake in Japan.

The stock market is still recorded a rise during the year. But the slowdown that occurred this makes the increase is growing thin. Dow on May 2 and up 10.6 percent so far this year, now only go up 4.1 percent.

S & P which recorded its highest level on May 2, due to rise 8.2 percent also now only up 1.7 percent. And Nasdaq that on May 2, up eight percent this year, now it's just a rose by 0.9 percent.

Pres-sure the stock market plummeted recently due to pressure from weak economic data, especially in the labor market. "Investors are again pessimistic after Bernanke's sure going economic slowdown," said Albion Financial Group analyst Jason L Were as quoted by Reuters in Salt Lake City, Utah.

At the close of trading on Wednesday (06/08/2011), the Dow Jones industrial fell 21.87 points, or 0.18 to 12048.94. The Standard & Poor's 500 index dropped 5.38 points, or 0.42 percent, to 1279.56. And the Nasdaq Composite Index fell 26.18 points, or 0.97 percent to 2675.38. (GoFinance)

::Rupiah Depressed U.S. Dollars>>

Go Finance Reporting in JAKARTA - The rupiah weakened slightly in trading this time. Whereas the United States dollar (U.S.) seems to weaken against the euro.

Amount, according to the exchange rate of Bank Indonesia (BI) on Thursday (06/09/2011) is on the level of Rp8.523 per USD, up thin when compared with the period of the previous day in Rp8.521 per USD.

Meanwhile, according yahoofinance, the rupiah is on Rp8.517 per USD, with daily trading range in Rp8.502-Rp8.522 per USD. On the other hand, was observed to weaken the U.S. dollar value of a number of other currencies. Thus, the euro rose to 1.4635 per USD, as well as pounds rose to 1.6452 per U.S. dollar.

Foreign exchange market this time is quite affected by the commodities market. Where for the first time in 20 years of its inception, OPEC production failed to reach agreement. Six countries rejected the proposal of Saudi Arabia to increase production when prices are above USD100 per barrel.

Saudi Arabia as the country's largest oil producer in OPEC along with Kuwait, Qatar and the UAE proposed increase in production by 1.5 million barrels per day so that to 30.5 million barrels per day of production is now about 28.8 million bpd. The proposal was rejected by Iran, OPEC's second largest producer along with Venezuela.

Meanwhile, demand for OPEC oil is expected to reach 30.87 million bpd for the third-quarter 2011. Bloomberg's survey indicates OPEC supply will not change from its current position, at the same time demand is expected to increase so that crude prices still have a potential to increase by the third-quarter 2011. (GoFinance)

::Session I, IHSG is still weary!>>

Go Finance reporting in JAKARTA - The pressure of global markets still make trades Composite Stock Price Index (IHSG) is still cautious and even tended to wilt.

IHSG, on Thursday (06/09/2011) I closed the session down 14.13 points, or 0.4 percent, to 3811.69. LQ45 Index fell 3.54 points to 674.27 and the Jakarta Islamic Index (JII) fell 3.05 points to 525.5.

Trading volume stood at 2.595 billion shares valued at Rp2, 093 trillion. As many as 64 stocks advanced, 142 stocks fell, and 99 stocks remained unchanged in price. Foreign investors choose to sell with the net selling value of Rp162, 46 billion.

Plantation sector was the only sector that was in the green belt with reinforced up to 22.35 points. Meanwhile, the mining sector led the slowdown in the sector fell 14.54 points, followed by a decreased consumption of 5.78 points.

Stocks that move strengthened (Top gainers) including PT Multi Bintang Indonesia Tbk (MLBI) rose Rp2.000 to Rp350.000, PT MAP Tbk (MAPI) rose Rp175 to Rp3.675 and newcomers, PT Salim Ivomas Pratama Tbk (SIMP) (SIMP) rose Rp 120 to Rp1.220.

Meanwhile, stocks that move down (top lossers) including PT Gudang Garam Tbk (GGRM) down Rp750 to Rp44.800, PT Astra International Tbk (ASII) down Rp550 and PT Dian Swastatika Sentosa Tbk (DSSA) down 350 to 15,000 . (GoFinance)

Wednesday, June 8, 2011

::Being a Director of the IMF's, Lagarde "persuasion" China>>

Go Finance Reporting in BEIJING - French Finance Minister Christine Lagarde who nominate themselves as the Director of the IMF to end its campaign by meeting with senior Chinese officials in Beijing. China is the last stop after a number of its global tour to convince developing countries on his nomination as head of the IMF.

Lagarde, 55, had previously been a lawyer will become the first woman to be appointed as Director of the IMF, has made visits to India and China from India where he did not gain support.

As quoted by AFP on Wednesday (06/08/2011), India and China are two of the country's most influential developments in support of traditional European key as the leader of the world monetary institution based in Washington so that their support is expected to be able to support the candidacy Lagarde.

Lagarde is seen as a strong replacement candidate Dominique Strauss-Kahn, who resigned last month after being accused of sexual assault. Earlier, French government spokesman Francosi Baroin regard China as a key to success Lagarde nomination, but apparently has not been proven.

Meanwhile, Chinese Foreign Ministry asserted that the election of the Director of the IMF should be based on openness and transparency and better coming from developing countries better reflect changes in world economic structure.

Earlier, Lagarde also already visited Brazil and promised to reform the IMF is to provide more opportunities for developing countries.

The only serious opponent Lagarde to occupy the chair is the Director of the IMF's central bank governor of Mexico Agustin Carstens who also has made an approach to a number of countries such as Canada, India, Brazil, and Argentina. The deadline for submission of candidate names Director of the IMF is on Friday, a very narrow time for newcomers to nominate themselves. (GoFinance)

::Gold Prices Stable In The Middle Of The Fed's Statement>>

Go Finance Reporting in SINGAPORE - The price of gold was observed to stabilize in the middle of the weakening United States dollar (U.S.) after Federal Reserve Governor Ben Bernanke acknowledged the economic slowdown in growth momentum. But he did not give further clues about the stimulus.

As quoted by Reuters on Wednesday (08/06/2011), the gold price moves only slightly to USD1.544, 26 per ounce. Gold in the U.S. GCcv1 also stable at USD1.545, 40.

The price of gold failed to penetrate the psychological level of USD1.550 for the second time, while positive sentiment came from Bernanke's comments on growth slow, but gold failed to stay above that level because there is no certainty about the continued stimulus package.

While the value of silver fell 0.2 percent to USD37, 04 per ounce, this means the silver price fell for three consecutive days. Silver U.S. SIcv1 moving flat at the level of USD37, 04.

While the value of U.S. dollar fell to its lowest position in the past month over other currencies. (GoFinance)

::Bernanke Comments Trigger Down Dow Jones Cs>>

Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) again closed lower for the fifth time since triggered a statement from the governor of the U.S. central bank (Federal Reserve) Ben Bernanke.

Actually, the stock market began to show signs will be strengthened because the stock index began its lowest level in two months in the previous session. But Bernanke's statement reversing the sentiment.

Bernanake acknowledges the economic slowdown, but he did not provide a solution. He said the central bank was considering further monetary stimulus measures to support economic growth.

Bernanke also issued a stern warning to lawmakers in Washington who is considering budget cuts to make aggressively. He said the members of this council has the potential to derail the economic recovery.

"It should not be like that, the market expects a positive comment from him. But even this impact is negative. But I think the impact will be limited. I do not see this will also affect the market tomorrow," said managing director at Wedbush Morgan as quoted by Stephen Massocca Reuters in San Francisco.

Bernanke indicates the latest bout of economic weakness may not last long and must give way to some growth in the second half of this year.

In late trading on Tuesday (06/07/2011) local time, the Dow Jones industrial fell 19.15 points, or 0.16 percent, to 12070.81. The broader Standard & Poor's 500 index dropped 1.23 points, or 0.10 percent to 1284.94. The Nasdaq Composite Index fell 1.00 points, or 0.04 percent, to 2701.56. (GoFinance)

::Stronger, Rupiah Not Translucent Level Rp8.500/USD>>

Go Finance Reporting in JAKARTA - The rupiah strengthened to move along with the pressure that occurs in the economy, the United States (U.S.) and create pressure on the U.S. dollar value.

Amount, according to the exchange rate of Bank Indonesia (BI) on Wednesday (06/08/2011) rose to Rp8.521 per USD compared with the previous trading period in Rp8.529 per USD.

According yahoofinance, parking in Rp8.517 rupiah per USD with a range of trade in Rp8.492-Rp8.517 per USD. Dollar value also was observed to start moving gained over a number of other currencies. Thus, the euro weakened to 1.4649 per USD, and weakened to 1.6371 pounds per U.S. dollar.

Fed Governor Ben Bernanke, Bernanke said that monetary policy stimulus is still needed to push the U.S. economy was saying as losing momentum and frustratingly slow. The condition was also aggravated by the rising price of energy (fuel), which makes the consumer loses purchasing power.

However, rising U.S. inflation still considered temporary. Personal consumption expenditures (PCE) price index excluding food and fuel rose one per cent recorded yoy in April, still far below the estimated PCE set by the Fed last April at 1.7 percent-2 percent.

The U.S. economy is still below its potential capacity, seen from the increasing unemployment rate of nine percent in April to 9.1 percent in May. Although many analysts began to discuss the quantitative easing III but Bernanke did not mention specific policies to be carried out by the Fed.

At least in U.S. interest rates still low as it will survive this time until the U.S. economic recovery is said to be stable. (GoFinance)

::IHSG closed lower 17 pts>>

Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) feel at home in the red lane and closed lost 17 points due to negative sentiment carried away that hit the global market.

IHSG, on Wednesday (06/08/2011) afternoon closed down 17.13 points, or 0.4 percent, to 3825.82. LQ45 Index fell 4.33 points to 677.81 and the Jakarta Islamic Index (JII) fell 2.56 points to 528.55.

Trading volume today was recorded at 7.527 billion shares valued at Rp6, 295 trillion. As many as 89 stocks advanced, 163 stocks fell, and 82 shares remain stagnant. Foreign investors registered net selling of conduct amounting to Rp119, 11 billion.

Meanwhile, in Asia, the Nikkei 225 this afternoon was observed to reverse direction to a positive 6.51 points to 9449.46. While the Hang Seng is still sinking 207.04 points to 22,661.63 and the Straits Times fell 11.4 points to 3104.55.

In European markets also begin trading today with a bandaged negative sentiment. The FTSE 100 index fell 49.24 points to 5815.41, the CAC 40 fell 28.43 points to 3843.49 and the DAX sinkhole 72.79 points, or 7030.46.

IHSG plantation sector weakness led by a decline of 15.86 points, followed by the consumption sector is down 6.93 points.

Stocks that move strengthened (Top gainers) including PT Multi Bintang Indonesia Tbk (MLBI) rose Rp8.000 to Rp348.000, PT Merck Tbk (MERK) rose Rp2.000 to Rp105.000 and PT Delta Djakarta Tbk (DLTA) rose Rp1.500 to Rp118.500.

Meanwhile, stocks that move down (top lossers) of them Multibreeder Indonesia Tbk PT (MBAI) down Rp950 to Rp25.050, PT Dian Swastatika Sentosa Tbk (DSSA) down 650 to Rp15.350 and PT Indocement Tunggal Prakasa Tbk (INTP) down Rp550 to Rp16.900. (GoFinance)

Tuesday, June 7, 2011

::Ahead of OPEC, Oil Prices in Asian Distressed Lower at USD99/Barel>>

Go Finance Reporting in SINGAPORE - Crude oil prices are under USD99 per barrel in Asian markets today with the hope of meeting of the OPEC countries will increase its production quota in coming weeks.

As quoted by the Associated Press (AP), Tuesday (06/07/2011), benchmark crude oil for July delivery fell 51 cents to as low as USD98, 5 per barrel at noon Singapore time on the basis of trading on the New York Mercantile Exchange (Nymex). Meanwhile, Brent crude also fell 46 cents to as low as USD114, 02 on the ICE Futures exchange in London.

Some analysts try to analyze what steps to be undertaken by the OPEC countries in a meeting in Vienna next Wednesday.

Some OPEC ministers may decide to push for lower prices by increasing production. Because the price of oil is currently overvalued and a threat to global economic recovery.

The black gold commodity traders speculated that OPEC will increase output capacity of approximately 1.5 million barrels per day. If realized, this is the first time OPEC to increase production quotas since September 2007.

Production cartel OPEC countries now approaching 1.5 million barrels above the daily production ceiling. "The picture that oil prices will again decline is due to sluggish demand and risk in the Middle East has faded," he explained.

In other Nymex trading in the contract of July, heating oil fell 1.2 cents to $ 3 per gallon and gasoline lost 1.4 cents to $ 2, 94 per gallon. Natural gas is from 1.4 cents at $ 4, 81 per 1,000 cubic feet. (GoFinance)

::Again, Wall Street Decline Due to Weak U.S. Economic Data>>

Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) closed lower again following the poor U.S. economic data released. S & P 500 continued weakening to its lowest position since 18 March.

The sectors most closely associated with economic growth experienced the deepest blow. Bank of America Corp. shares fell by four percent to $ 10, 83. This is the lowest level since May 2009 these shares.

"Right now investor attention focused on a weakening labor market data, capital needs, asset quality. Especially with the data in the field of housing and flattening all the things that work against financial and define the potential weakness as a whole," said Vice President of BB & T Wealth Management Bucky Hellwig was quoted as saying by Reuters in Birmingham, Alabama.

Energy stocks are also among the hardest hit sector, with the PHLX Oil Service sector index fell 3.2 percent. Chevron Corp. fell 1.3 percent to USD9, 68, these stocks are dragging the Dow Jones fell.

Oil prices fall in trade due to expectations that prices will rise because of OPEC's measures which would increase the production target this week. It is also eroding concern about the high prices which limit demand for oil.

U.S. stocks battered over the last five weeks due to a number of disappointing reports. The climax is the U.S. employment report released on Friday. These data indicate employment edged up just 54,000 jobs last month and the unemployment rate rose to 9.1 percent.

With second quarter earnings season is more than a month away, the market still will focus on the economic outlook uncertain.

At the close of trading on Monday (06/06/2011), the Dow Jones industrial fell 61.15 points, or 0.50 percent to 12090.11. The broader Standard & Poor's 500 index dropped 13.99 points, or 1.08 percent, to 1286.17. The Nasdaq Composite Index fell 30.22 points, or 1.11 percent to 2702.56. (GoFinance)

::Rupiah Appreciation Against the U.S. Dollar Stronger>>

Go Finance Reporting in JAKARTA - The Indonesian Institute of Sciences (LIPI) noted, the strengthening of the rupiah against the U.S. dollar is the highest exchange rate compared to other countries.

LIPI noted strengthening occurred since 2008 to April 2011. "The strengthening of the rupiah from 2008 until April 2011 high compared to most other currencies. Rupiah has appreciated 28 percent, Korea 22 percent, Malaysia 17 percent, Singapore 16 percent, Philippines 10 percent, while China 4 percent, "said economist Adam Latif LIPI in Jakarta, Tuesday (06/07/2011).

He explained, the driving factor strengthening the rupiah exchange rate mainly because of the rapid flow of incoming foreign capital (capital inflow) to Indonesia. The high interest rate (BI Rate) in Indonesia than other countries, becoming one stimulus influx of foreign capital flows.

Another factor is that there is an indication that the government and business circles are very aggressive bond issue. In addition, the strengthening of the rupiah caused by low interest rate policy in the U.S..

The increase in assessed value of the rupiah will benefit the government budget, especially for debt and budget subsidies. The calculations, each gained 100 rupiah per USD then it could save approximately Rp400 billion in the state budget.

"In his state budget is debt that uses the USD, and fuel subsidies it is imported from outside, if the rupiah strengthened the existing subsidy budget also can be saved," he explained. (GoFinance)

::IHSG Finally Out of the Red Zone>>

Go Finance Reporting in JAKARTA - On the afternoon trading session on the trading floor look more lively than this afternoon making the Composite Index (IHSG) a thin eight-point rebound.

IHSG, on Tuesday (06/07/2011) afternoon closed up 8.75 points, or 0.21 percent to 3826.3. LQ45 index edged up 0.43 percent to 682.14 and the Jakarta Islamic Index (JII) thin down 0.35 points to 531.11.

The trading volume today, there were 8.017 billion shares worth Rp 3, 886 trillion. As many as 125 stocks advanced, 106 stocks fell, and 101 shares stagnated.

Asian stocks until this afternoon is still moving in both directions, where the Nikkei 225 index still rose 62.6 points, or 0.67 percent to 9442.95, but the Hang Seng index was still at home in the red zone with 66.29 points or 0.29 sinkhole percent to 22883.27.

Meanwhile, European bourses would begin trading today with a positive move among the CAC 40 rose 24.03 points, or 0.62 percent to 3887.43, DAX rose 54.41 points, or 0.77 percent to 7138.98 and the FTSE 100 rose 22.51 points, or 0.38 percent to 5885.67.

Some sectors have started a positive move among the mining sector rose 6.85 points and the trade sector rose 6.95 points. However, the plantation sector were still in negative zone with down 10.06 points.

Stocks that move strengthened (Top gainers), PT Merck Indonesia Tbk (MERK) rose Rp2.000 to Rp103.000, PT Bayan Resources Tbk (BYAN) rose Rp450 to Rp19.000, and PT United Tractors Tbk (UNTR) rose 400 to Rp23.150.

Meanwhile, stocks that move down (top lossers) of which PT Petrosea Tbk (PTRO) down Rp1.500 to Rp40.500, PT Dian Swastatika Sentosa Tbk (DSSA) down Rp600 to Rp16.000, and PT Bukit Asam Tbk (PTBA ) down Rp250 to Rp21.150. (GoFinance)

Monday, June 6, 2011

::Petronas CEO: Oil prices should be below USD80/Barel>>

Go Finance Reporting in KUALA LUMPUR - Oil and gas companies from Malaysia, Petronas think fundamentally the price of crude oil price level should be lower than currently is between USD75-80 per barrel.

"Given the market's fundamentals and the cost of the current environment, I believe that oil prices should have to remain between USD75-80 per barrel," said Shamsul Azhar Abbas, CEO of Petronas, as quoted by AFP on Monday (06/06/2011).

Oil prices today are moving in the Asian markets mixed ahead of OPEC countries meeting this week in Vienna, Australia. Meanwhile, in New York's main market, the price of light sweet crude for July delivery rose eight cents to U.S. $ 100, 3 per barrel. As for North Sea Brent crude oil fell six cents to USD115, 78 per barrel.

By looking at current oil prices soar above $ 100 per barrel, Shamsul questioning concerning the causes of these conditions because it is not from lack of supply in the market. "How can achieve this price level? This is the beginning of the economic cycle, given the absence of clear evidence of deficiencies in the physical market," he said

The 12-nation Organization of Petroleum Exporting Countries (OPEC) will meet Wednesday in the Austrian capital, Vienna, amid growing fears that high oil prices could further destabilize the world economic growth and energy demand. Turning to oil demand in Asia, Shamsul predicts that this region will grow rapidly with the consumption of more than 250 billion barrels of oil today and in 2030 will be more than six times the current conditions.

In the next 20 years, he said Asian manufacturers have to extend the (oil) field life and increase hunting for oil to meet strong demand. Shamsul said the geology-based assessment has shown that oil is found in Asia are approximately 50 billion barrels, equivalent to one-and-half the combined reserves of Indonesia, Vietnam and Malaysia. "Our challenge to make them commercially attractive (for exploration)," he said. (GoFinance)

::Gold Prices Hold in Position USD1.542/Ounce>>

Go Finance Reporting in SINGAPORE - The price of gold is still at home at the level of USD1.540 per ounce after U.S. economic data (U.S.) Weak investor concerns will trigger economic growth.

As quoted by Reuters on Monday (06/06/2011), price of gold in the spot market turned into USD1.542, 29 per ounce, after strengthening over the last three weeks. Gold in U.S. GCcv1 rose $ 1, 2 to USD1.543, 60.

While the price of silver in the spot market rose 0.7 percent to $ 36, 45, from a low level of USD35, 13 in the previous session. Silver in U.S. SIcv1 also rose 0.7 percent to $ 36, 46.

Unemployment data moving up to 9.1 percent, higher than expected market participants. This sparked concern economic growth may be faltering. And automatically become the gold positive sentiment seen as a safe haven investment during economic uncertainty.

Investors are still focusing on the ongoing debt crisis in Greece, which serves as the international lender said it would disburse some funds to nourish the Greek economy and avoid default. (GoFinance)

::After the riots, IMF Funding Egypt USD3 Billion>>

Go Finance Reporting CAIRO - The International Monetary Fund (International Monetary Fund / IMF) agreed to help fund $ 3 billion Egyptian. On that occasion the IMF also praised the government has managed to stabilize the rebellion which occurred some time ago.

Egypt estimate the funds needed to rebuild his country after the riots to overthrow the government some time ago to reach USD11 billion.

As known, the riots have occurred in the country that triggered massive protests that later ended with the resignation of President Hosni Mubarak in February.

The government, last week approved the use of the budget for the year 2011-2012 which is used as an expenditure to help needy people in the country.

"The first step of the economic program does is to lay the foundation for a more inclusive economic growth led by private sector," the IMF said as quoted by Reuters on Monday (06/06/2011).

"Monetary and exchange rate policy aimed to maintain macroeconomic stability, including by maintaining the level of reserves to ensure that Egypt will have the funds buffer against unexpected things," the IMF added.

Meanwhile, bonds denominated in U.S. dollars that the 10-year maturity date in April 2020 at its lowest since mid-January, reflecting improved investor confidence in the financial state of Egypt.

Before this agreement was announced, Egyptian Finance Minister Samir Radwan says that the IMF disbursed in quarterly installments over 12 months, but Egypt has requested that most of the funds was submitted earlier. "We ask for the largest funds are given at the beginning," said Radwan. (GoFinance)

::Asia followed, IHSG Down 9 Points>>

Go Finance Reporting in JAKARTA - Trading in the day's trading floor is still covered with rain clouds and should be closed with a loss of nine points.

IHSG trading on Monday (06/06/2011) afternoon closed down 9.82 points, or 0.3 percent, to 3834.2. LQ45 Index fell 2.79 points to 681.71 and the Jakarta Islamic Index (JII) thin down 0.76 points.

Trading volume stood at 5.211 billion shares valued at Rp 3, 34 trillion. As many as 91 stocks advanced, 135 stocks fell, and 107 stocks experiencing price changes.

Until this afternoon Asian stocks still feel at home in the negative zone as the Nikkei 225 is more ambles up to 111.86 points, or 1.18 percent to 9380.35 and the Straits Times slipped 30.55 points, or 0.97 percent to 3115.12 .

Meanwhile, European bourses in early trade tracked moves mixed. Reinforcement occurs in the DAX rose 10.97 points, or 0.15 percent to 7120. While the CAC 40 index 18.47 points, or just ambles 0.47 percent to 3872.21 and the FTSE 100 fell 8.34 points, or 0.14 percent, to 5846.67.

The mining sector recorded slipped to 32.96 points, followed by the plantation sector is down 23 points.

Stocks that have strengthened (Top gainers) including PT Multi Bintang Indonesia Tbk (MLBI) rose 10,000 to Rp340.000, PT Gudang Garam Tbk (GGRM) rose Rp800 to Rp45.400 and PT Fastfood Indonesia Tbk (FAST) rose 500 to Rp10.500.

While stocks weakened (top lossers) including PT Lionmesh Prima Tbk (LMSH) down Rp400 to Rp5.200, PT Dian Swastatika Tbk (DSSA) down 300 to Rp16.600 and PT Astra Agro Lestari Tbk (AALI) down Rp250 to Rp23.600. (GoFinance)

::Rupiah Almost Achieving Psychological Level!>>

Go Finance Reporting in JAKARTA - The rupiah strengthened to almost penetrate the psychological level Rp8.500 per USD. In fact, the value of United States dollars (U.S.) began to strengthen again.

Amount, according to the exchange rate of Bank Indonesia (BI) on Monday (06/06/2011) rose to Rp8.506 per USD compared with the previous trade in Rp8.506 per USD.

According yahoofinance, is on the level Rp8.517 rupiah per USD, with the trading range in Rp8.502-Rp8.537 per USD. Value of U.S. dollar looks stronger this afternoon. As a result, the euro weakened to 1.4633 per USD, pound weakened to 1.6429 per USD and the Singapore dollar weakened to 1.0743 per U.S. dollar.

In fact, negative sentiment deteriorating U.S. labor market, unemployment rate 9.1 percent. U.S. Labor Department announced nonfarm payroll data for the month of May only rose by 54,000 from 232,000 earlier in April.

The realization is also below the median consensus estimates surveyed by Bloomberg is 165,000. U.S. unemployment rate rose more than nine percent in April to 9.1 percent in May. Data contributing to the slowing U.S. economy continues to show towards the end of government bond purchase policy (quantitative easing II) worth UD600 billion in June.

U.S. economic slowdown will make speculation continued quantitative easing program II to prevent the economic decline continues. At the same time the U.S. government faced with a deteriorating budget conditions and the need to raise the debt limit above $ 14, 2 trillion. (GoFinance)

Saturday, June 4, 2011

::IMF Provides USD225 Million Fund For Ireland>>

Go Finance Reporting in WASHINGTON - The International Monetary Fund (International Monetary Fund / IMF) had of agreed to provide bridging finance to Ireland worth USD225 million to resolve the crisis.

As reported by AFP on Saturday (06/04/2011), the IMF said that the Irish economy will likely grow again this year. But however the Irish were predicted to face the risk of inflationary pressures, delays in investment, unemployment and slow growth associated with debt restructuring that occurred in the private sector.

It also affects the strategy of the Irish themselves to control their spending as a strategy to be careful.

"Given the tremendous potential out of funds, elimination of budget control should be resumed gradually. The government should give attention to this condition in which the speed of liberalization on the balance of payments can provide the appropriate financial stability," said the IMF.

Ireland said it also warns about the need to continue strengthening the financial institution to maintain its balance sheet in order to stay positive. The country also has to manage those obligations since 2008. Like for example the takeover of the failed Landsbanki bank financially healthy.

Previously, the IMF has to bailout amounted to $ 2, 2 billion on the financial crisis in 2008. (GoFinance)

::Gold Prices Stable in Middle depressed U.S. economy>>

Go Finance Reporting in LONDON - Gold prices do not seem to be affected by exchange rate movements the United States dollar (U.S.).

As quoted by Reuters, gold prices on Friday (06/03/2011) in the spot market is on the level of USD1.531, 19 per ounce. Meanwhile on Thursday (06/02/2011) is on USD1.532, 55 per USD. The price of silver fell $ 36, 04 from the previous $ 36, 17.

Level of bond yields fell and the euro rose to its highest level versus the U.S. dollar as investors anticipate a negative economic data.

Payroll report shows there are as many as 54,000 additional jobs in May, this is the weakest since September. While the U.S. unemployment rate rose to 9.1 percent from nine percent in April before.

While at the close of trading on Friday (06/03/2011), the Dow Jones industrial fell 97.29 points, or 0.79 percent, to 12151.26. The broader Standard & Poor's 500 index dropped 12.78 points, or 0.97 percent to 1300.16. Dam Nasdaq Composite Index fell 40.53 points, or 1.46 percent to 2732.78.

The three main indexes fell 2.3 percent during the week. And the S & P 500 is the worst since mid-August. (GoFinance)

::U.S. Unemployment Data Drag Dow Jones weakened>>

Go Finance Reporting in NEW YORK - U.S. stock index (U.S.) closed lower again this weekend after a weak employment data and prove if the United States economy is slowing.

Selling pressure has plagued the market in early trading after the release of payroll data. As a result, the S & P 500 index recorded its lowest level directly in 1294.70, but the positive data put a halt to the service sector was weakening.

The main index traded at its lowest level in six weeks, and the S & P has fallen 4.7 percent from its peak reached in late April. However, some fund managers said the stock market has an opportunity to strengthen the macro-economic uncertainty right now.

"We did not see the trend of downside from here," said chief investment strategist of Global Investment Trust Jim McDonald was quoted as saying by Reuters. "Correction of five per cent had responded to the slowing economy. And in the medium term, our hope is that we will get back the momentum to strengthen," he said.

Payroll report shows there are as many as 54,000 additional jobs in May, this is the weakest since September. While the U.S. unemployment rate rose to 9.1 percent from nine percent in April before.

At the close of trading on Friday (06/03/2011), the Dow Jones industrial fell 97.29 points, or 0.79 percent, to 12151.26. The broader Standard & Poor's 500 index dropped 12.78 points, or 0.97 percent to 1300.16. Dam Nasdaq Composite Index fell 40.53 points, or 1.46 percent to 2732.78.

The three main indexes fell 2.3 percent during the week. And the S & P 500 is the worst since mid-August. (GoFinance)

Friday, June 3, 2011

::Developing Countries Ready to break down in the IMF's European Domination>>

Go Finance Reporting in BRAZIL - Mexico's central bank governor Agustin Carstens said that developing countries would violate the paradigm in carrying the name of the leader of the IMF's Strauss-Kahn to replace.

He said that if candidates from developing countries, mainly from Latin America, managed to occupy prestigious positions in the IMF, then it will be a victory not only for the countries of Latin America, but for all developing countries.

It is carried to break the dominance of Europeans in the IMF's leadership since the agency was founded in 1945. In addition, Carstens also considered, falling credibility of the European leaders to replace Dominique Strauss-Kahn.

European leadership in the IMF pointed out as a form of tacit agreement, while the United States held the leadership at the World Bank.

"It is clear that for now, they (the Europeans) are unable to get into a situation where they have full credibility. So they need to make more effort," said Carstens was quoted as saying by the AFP on Friday (06/03/2011).

Carstens itself is approaching a number of officials in developing countries to support his candidacy in the leadership position after the resignation of IMF's Strauss-Kahn to fight charges of sexual assault.

He said European countries since the founding of the IMF was never in doubt in creating financial programs and solutions to Latin American countries and in developing countries.

"Why should not one be put in charge of Latin America to help solve the economic problems of Europe?" he asked.

Comments are flung by looking at a number of economic conditions in European countries such as Greece was under strong pressure of debt, creditors and lower ratings Moody's for reform is difficult to balance finances in exchange for a rescue package of fresh and stability of the eurozone members Portugal, Ireland, and Spanish.

Carstens said the euro zone countries facing financial crisis must adopt credible programs to deal with crises that could be supported by the EU and the IMF.

Carstens self nomination to face opposition from European countries, because many who want to continue the tradition of giving to one of them as head of the IMF.

Another candidate is the French Finance Minister Christine Lagarde is supported by European countries. There are other potential candidates from developing countries, namely South Africa's former finance minister Trevor Manuel. (GoFinance)

::Wait & See, Dow Jones Back weakened>>

Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) moves with high volatility. This proves investors wait and see on U.S. economic data that will be released.

The three major U.S. indices  are still  depressed  in spite of trading the news emerged about the progress of  plans  new debt  to Greece that triggered the rebound. However, investors did not seem willing to take risks with economic data this time.

"The direction of the market depends on the data to be released, investors will need to see a more robust data package to move the market,"explained Director of BNY Mellon Wealth Management Christopher Sheldon was quoted as saying by Reuters on Friday (06/03/2011).

Non-farm payroll data expected to show the existence of an additional 150,000 jobs in May, according to Thomson Reuters poll. But because of weak economic data earlier investors, the stock market plummeted in the worst one this year. "Given the recent losses, the potential downside is still there," said Sheldon.

Bank stocks stable after earlier falling on news of Goldman Sachs Group Inc. has been ordered by prosecutors in New York seeking information related to the global financial crisis. Goldman shares fell 1.3 percent to USD134, 38, while the KBW Bank Index rose 0.2 percent after falling earlier.

At the close of trading on Thursday (06/02/2011) local time, the Dow Jones industrial fell 41.59 points, or 0.34 percent to 12248.55. The broader Standard & Poor's 500 index dropped 1.61 points, or 0.12 percent to 1312.94. And the Nasdaq Composite Index rose 4.12 points, or 0.15 percent, to 2773.31. (GoFinance)

::Red all day, IHSG Back to the Green Line>>

Go Finance Reporting in JAKARTA - After previously did not move from the red zone, Composite Stock Price Index (IHSG) returned to the green line.

IHSG trade on Friday (06/03/2011) This rose 6.26 points to 3844.02 or 0.16 percent. Strengthening this because LQ45 index which rose 2.21 points to 684.5, while the Jakarta Islamic Index (JII) thin down 0.28 points to 532.22.

While a number of major Asian stock still seems to be struggling in the red lane, including the Hang Seng index fell 304.28 points, or 1.326 percent to 22,949.56, followed by the Nikkei 225 index fell 62.83 points, or 0.66 percent, to 9492.21 , and Strait Times down 15 points or 0.47 percent to 3145.6.

Stocks that move strengthened (Top gainers) of whom Series I Warrants PT Panorama Transport Tbk (WEHA-W) rose 33.33 percent to Rp28, CENTERTEX PT Tbk (MYTX) rose 22.12 percent to Rp138, and PT Wheels Vivatex Tbk (RDTX) rose 16.67 percent to Rp3.500.

Meanwhile, stocks that move down (top lossers) of which PT Asuransi Dayin Mitra Tbk (ASDM) dropped 13.33 percent to Rp520, Series I Warrants PT Bekasi Asri Starter Page (BAPA-W) dropped 8.82 percent to Rp31, and PT Surabaya Agung Industry Pulp Page (SAIP) dropped 6.38 percent to Rp220. (GoFinance)

::Weekends, Stromger Rupiah per USD Rp8.537>>

Go Finance Reporting in JAKARTA - At the close of this afternoon strengthened the exchange rate moves in line with the depreciation of U.S. dollar (U.S.), which weakened to a number of other currencies.

Amount, according to the exchange rate of Bank Indonesia (BI) Friday (06/03/2011) thin rose to Rp8.537 per USD compared with the previous trading period in Rp8.540 per USD.

Yahoofinance listed, there are at Rp8.522 rupiah per USD with a range of trade in Rp8.522-Rp8.542 per USD. Value of the dollar  also looked depressed in other currencies.  As a result,  the euro  rose to 1.446 per USD, and the yen rose to 80.625 per U.S. dollar.

Previously, based on the prediction of Samuel Securities Indonesia, in trading yesterday on global markets Thursday, the rupiah (IDR) close higher on Rp8.538 per USD, in line with the strengthening of other Asian currencies.

Meanwhile, IHSG closed up at 3837.76. As is known Indonesian Market closed on Thursday due to national holidays. (GoFinance)

Thursday, June 2, 2011

::Australia Bans Livestock Exports to Indonesia>>

Go Finance Reporting in AUSTRALIA - Australia demanded ban on cattle exports to Indonesia after the circulation of a video investigation reveals ill-treatment of their livestock.

As for the video was initiated by a group of animal rights in Australia, was broadcast 11 Indonesian slaughterhouses treat animals badly as Australia whipped, kicked, and tortured to death.

"Our goal is to publish this video to disclose to the Australian people what happened to the fellow beings in Indonesia and to temporarily suspend trading to Indonesia," said one animal rights activists in Australia Glenys Oogjes, quoted by CNN, Thursday (06/02/2011).

Director of Veterinary Public Health Department Ministry of Agriculture Indonesia Djajadi regrets this incident. He stated that a large Australian cattle and wild cattle are different from Indonesia.

"However, we already have plans to put the slaughter houses to ensure the welfare of animals by giving a box holder in the slaughter, stun guns to slaughter houses, as well as training and education for workers," said Djajadi.

Apart from being persecuted, Ogjes also mention that this slaughter is not done through Islamic-style procedure, so the meat is not kosher.

"The animals that should be treated well and facing the Qiblah when slaughtered was nothing they meet. They cut the animals on other animals and it's certainly not kosher," he said.

This tape also has sparked anger in Australia a number of parties such as the Australian Department of Agriculture and tens of thousands of signatures in an online petition, the opposition, farmers and animal rights groups who demanded cessation of animal exports to Indonesia.

On Wednesday, the Australian Veterinary Association and Australian Prime Minister Julia Gillard has also joined this action and demanded the support of animal slaughter in Indonesia that is more humane.

"Starting this week, we had to stop exports of beef because we do not know our animals are sent to slaughterhouses where in Indonesia, because there are thousands," lid Ogjes. (GoFinance)

::Stronger Gold Price Welcomes U.S. Economic Data>>

Go Finance Reporting in SINGAPORE - The price of gold on the trade is going strong economic data following a slump in the United States (U.S.), namely unemployment data and manufacturing data that is below market expectations.

As quoted by Reuters on Thursday (06/02/2011), U.S. economic conditions that showed reduction in the number of workers in May and a decrease in manufacturing output since 2009 is still a sentiment that makes investors before they hit the stock market is risky.

Economic prospects are still not sure it makes investors take a safe step by selecting the gold. In SPDR Gold Trust, the volume of gold transactions, up 2.12 tons to 1212.86 tons.

Step Moody's cuts credit rating of Greece is also a concern in itself, before investors had optimistic that Greece will accept the bailout funds and restructure them.

The price of gold this time edged up 0.1 percent, to USD1.541, 89 per ounce, after the previous session strengthened significantly. The price of silver itself was observed to rise 0.7 percent in the USD37, 06 after a slip of more than four percent on the previous trading session. U.S. Silver itself is also not promising decline 1.6 percent to USD37, 08. (GoFinance)

::U.S. Stock Market Down Crazy madness>>

Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) finally climbed down after four days continues. The weakening of this is the worst since August  2010.

Wall Street Index is apparently entering a weakening trend due to signs of economic recovery continues to retreat. Thus, the potential weakening of the index in the future is still wide open.

The 10 sectors are included in the Standard & Poor's index ended down more than one percent. And as many as 30 stocks in the Dow Industrial fell bluechips. Variety banking sector is experiencing the biggest slowdown as the impact of negative economic reports for work and manufacturing.

"I hope that S & P will be able to survive at the level of 1331 or 1324," said Director of Equities Financial BGC Roger Volz, as quoted by Reuters, in New York. "In fact, the index continued to move toward a correction," he added.

Investors seem cautious in its deliberations, the CBOE Volatility Index rose to 18.5 percent while the market becomes a bit more defensive options.

In late trading Wednesday (06/01/2011), Dow Jones Industrial fell 279.42 points, or 2.22 percent, to 12290.37. The broader Standard & Poor's 500 index dropped 30.66 points, or 2.28 percent to 1314.54. And the Nasdaq Composite Index fell 66.11 points, or 2.33 percent, to 2769.19. (GoFinance)

::By the Holidays, IHSG fact Fatigue>>

Go Finance Reporting JAKARTA - Composite Stock Price Index (IHSG) moved ahead of holiday lethargy. Post an announcement this afternoon inflation movements on the stock exchange moved almost meaningless.

IHSG, on Wednesday (06/01/2011) afternoon thin close higher 0.79 points, or 0.02 percent, to 3837.76. The LQ45 index edged up 0.04 points to 682.29 and the Jakarta Islamic Index (JII) rose 1.12 points to 532.5.

Trading volume today was recorded at 10.263 billion shares valued at Rp 4, 715 trillion. As many as 128 stocks advanced, 111 stocks fell, and 92 shares remain stagnant.

Asian stocks until this afternoon still moving both ways in which the Hang Seng index was negative 57.7 points to 23626.43. Meanwhile, the Nikkei 225 index still rose 25.88 points to 9719.61 and the Straits Times rose 12.53 points to 3172.46.

In Europe, nearly all exposed to the negative sentiment index in early trading. The FTSE 100 index fell 11.04 points to 5978.95, followed by the CAC 40 fell 3.44 points to 4003.5 and the DAX fell 14.19 points to 7279.5.

The movement of the stock today is sustained by the plantation sector, which rose 23.05 points, and the mining sector, which rose 22.81 points.

Stocks that move strengthened (Top gainers), of which PT Petrosea Tbk (PTRO) rose Rp2.250 to Rp42.750, PT Gudang Garam Tbk (GGRM) rose Rp950 to Rp44.500, and PT Astra International Tbk (ASII) rose 350 to Rp59.100.

Meanwhile, stocks that move down (top loosers) of whom Multibreeder Indonesia Tbk PT (MBAI) down 400 to Rp26.500, XL Axiata PT Tbk (EXCL) down Rp300 to Rp5.850, and PT Sumber Alfaria Trijaya Page (AMRT) down 225 to Rp3.250. (GoFinance)

::Closed Rupiah Stronger!>>

Go Finance Reporting in JAKARTA - The rupiah strengthened to move in line with the depreciation of U.S. dollar (U.S.), which weakened to a number of other currencies.

Amount, according to the exchange rate of Bank Indonesia (BI) on Wednesday (06/01/2011) thin weakened to Rp8.540 per USD compared with the previous trading period in Rp8.537 per USD.

According yahoofinance, the rupiah is on Rp8.532 per USD with a range of trade in Rp8.532-Rp8.560 per USD. Value of the dollar  also looked depressed in other currencies.  As a result,  the euro  rose to 1.443 per USD, and the yen rose to 81.345 per U.S. dollar.

The strengthening of rupiah this time supported by the trend of increasing commodity prices such as oil encourages the strengthening of energy sector stocks and it lead to the strengthening of positive sentiment in the movement in the stock market.

With the number of positive sentiment, traders were a little bit distracting to the economic data in the United States (U.S.), which until now still not stable. (GoFinance)