Go Finance Reporting in JAKARTA - The breakdown of Composite Stock Price Index (IHSG) to reach the 4000 level is believed to be backed by good fundamentals. Market participants also welcomed it.
"Be careful that's for sure I will ask all the supervisors and inspectors in the capital markets to see the portfolio. See who sub-sectors or sectors that may be price to earnings or price to book was already a bit too high, to believe that it's all backed up by a fundamental right, "said Finance Minister Agus Martowardojo told reporters when met at the Parliament Building, Senayan, Jakarta, Friday (07/08/2011).
Agus added that the goal itself says that right because he is oriented to protect consumers and the economy of Indonesia. "The orientation is to protect consumers, protect the Indonesian economy," he said.
He was reluctant to comment on the rise that can be said IHSG rapid growth. He said he only wanted to maintain the quality of the IHSG.
"I do not want to comment quickly, I want to keep the quality. It must be quality. I'll say it again. Speech seems to me that there direction (overheating), but not so. It should be precautionary," he said.
As is known, IHSG, Friday (07/08/2011) evening closed soared up to 64.22 points, or 1.6 percent, to 4003.69. LQ45 index 14.39 points, too, sped to 710.90 and the Jakarta Islamic Index (JII) rose 9.68 points to 552.52.
The rise of day trading is characterized by the volume of trade that touched 5.368 billion shares worth Rp 5, 862 trillion. A total of 144 stocks advanced, 77 stocks fell, and 112 stocks unchanged prices. Foreign investors are confident take action to buy with net buying of up to Rp611, 127 billion. (GoFinance)
Friday, July 8, 2011
Wednesday, July 6, 2011
::After Gains, Dow Jones Corrected 12 Pts>>
Go Finance Reporting in NEW YORK - After the rose last week, U.S. stock index (the U.S.) seem lifeless. Nevertheless, the lack of value of transactions indicates the market is still volatile. The Nasdaq managed to close higher, while the Dow Jones and S & P 500 ended down after five days earlier recorded a best position for the last two years.
S & P rose 5.6 percent last week, rebounding from a weakening trend over the last two months. But concerns about economic growth and the potential to harm the U.S. debt in the coming days.
"It is not surprising if the market weakened today. The reason we have passed a sunny week," said Baring Asset Management chief investment Hayes Miller was quoted as saying by Reuters on Wednesday (07/06/2011).
In another prospective, Moody's Investors Service lowered the credit rating Portugal into "junk territory" due to the risk to be borne by the country making it need bailouts before it can return to the capital markets. It makes the debt is still alarming despite eurozone has no resolution for Greece's fiscal crisis.
After the holiday commemorating Independence Day, in late trading Tuesday (07/05/2011) local time, the Dow Jones Industrial Average fell 12.90 points, or 0.10 percent, to 12569.87. Standard & Poor's 500 index fell 1.79 points, or 0.13 percent, to 1337.88. And the Nasdaq Composite Index rose 9.74 points, or 0.35 percent to 2825.77.
Recorded relatively low trading volumes, just as much as 6.04 billion shares traded on the New York Stock Exchange, American Stock Exchange and Nasdaq, below the daily average last year that as many as 8.47 billion shares. (GoFinance)
S & P rose 5.6 percent last week, rebounding from a weakening trend over the last two months. But concerns about economic growth and the potential to harm the U.S. debt in the coming days.
"It is not surprising if the market weakened today. The reason we have passed a sunny week," said Baring Asset Management chief investment Hayes Miller was quoted as saying by Reuters on Wednesday (07/06/2011).
In another prospective, Moody's Investors Service lowered the credit rating Portugal into "junk territory" due to the risk to be borne by the country making it need bailouts before it can return to the capital markets. It makes the debt is still alarming despite eurozone has no resolution for Greece's fiscal crisis.
After the holiday commemorating Independence Day, in late trading Tuesday (07/05/2011) local time, the Dow Jones Industrial Average fell 12.90 points, or 0.10 percent, to 12569.87. Standard & Poor's 500 index fell 1.79 points, or 0.13 percent, to 1337.88. And the Nasdaq Composite Index rose 9.74 points, or 0.35 percent to 2825.77.
Recorded relatively low trading volumes, just as much as 6.04 billion shares traded on the New York Stock Exchange, American Stock Exchange and Nasdaq, below the daily average last year that as many as 8.47 billion shares. (GoFinance)
::Profit Taking Action Trigger weakening IHSG>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) closing stock trading this afternoon carrying more subsidence. Profit taking and trimming rating Portugal suspected as the main trigger.
In addition, external factors such as regional exchanges that move mixed assist IHSG movement. Where IHSG was recorded not too weak inside.
IHSG Wednesday (07/06/2011) afternoon tracked down 15.17 points, or 0.39 percent to 3908.96 position. While the LQ45 index fell 4.31 points to 692.59. And the Jakarta Islamic Index (JII) fell 2.28 points to 539.65.
The value of the transaction until this afternoon recorded Rp3, 20 trillion, with a volume of 3.55 billion shares. As many as 99 stocks advanced, 130 stocks fell, and 88 shares stagnant.
The weakening of the regional exchanges inevitably dragged shares in the domestic sector follow-up eroded or weakened. Where the shares in the plantation sector continued to weaken.
Therefore the stocks that rose in between PT Multi Bredeer Adirama Indonesia Tbk (Mbai) rose Rp1.000 to Rp30.000, PT Mayora Indah Tbk (MYOE) rose Rp800, and PT Japfa Comefeed Tbk (JPFA) rose Rp400 to Rp5 .050.
While stocks fell, among others, PT Astra International Tbk (ASII) down Rp1.200 to Rp65.100, PT Gudang Garam Tbk (GGRM) down Rp800 to Rp40.050, and PT Indo Tambangraya Tbk (ITMG) down Rp350 to Rp44.600. (GoFinance)
In addition, external factors such as regional exchanges that move mixed assist IHSG movement. Where IHSG was recorded not too weak inside.
IHSG Wednesday (07/06/2011) afternoon tracked down 15.17 points, or 0.39 percent to 3908.96 position. While the LQ45 index fell 4.31 points to 692.59. And the Jakarta Islamic Index (JII) fell 2.28 points to 539.65.
The value of the transaction until this afternoon recorded Rp3, 20 trillion, with a volume of 3.55 billion shares. As many as 99 stocks advanced, 130 stocks fell, and 88 shares stagnant.
The weakening of the regional exchanges inevitably dragged shares in the domestic sector follow-up eroded or weakened. Where the shares in the plantation sector continued to weaken.
Therefore the stocks that rose in between PT Multi Bredeer Adirama Indonesia Tbk (Mbai) rose Rp1.000 to Rp30.000, PT Mayora Indah Tbk (MYOE) rose Rp800, and PT Japfa Comefeed Tbk (JPFA) rose Rp400 to Rp5 .050.
While stocks fell, among others, PT Astra International Tbk (ASII) down Rp1.200 to Rp65.100, PT Gudang Garam Tbk (GGRM) down Rp800 to Rp40.050, and PT Indo Tambangraya Tbk (ITMG) down Rp350 to Rp44.600. (GoFinance)
::Rupiah Still Strong! >>
Go Finance Reporting in JAKARTA - The rupiah is still strong despite the condition of Composite Stock Price Index (IHSG) looked shadowed by profit taking.
Rupiah, in late trading Wednesday (07/06/2011) moves to strengthen to Rp8.532 per USD from a position on the previous trading at Rp8.540 per USD.
According yahoofinance, rupiah at Rp8.542 per USD with a trading range in Rp8.517-Rp8.542 per USD. On the other hand, the dollar actually rose over other currencies. So the euro weakened to $ 1, 4367 per euro, and pound also fell to $ 1, 6026 per pound.
In the U.S. alone, orders to factories in the United States recorded an increase of 0.8 percent mom, an indication of improvement in the manufacturing sector from the economic slowdown in the first half of 2011.
The increase is lower than in April a record 0.9 percent mom. Increasing demand has also been signaling a recovery in the manufacturing sector in Japan's earthquake and tsunami disaster last March.
At the same time U.S. exports also increased, rising commodity prices and restrained. This condition supports the Fed's statement last month that the economic downturn is only temporary. (GoFinance)
Rupiah, in late trading Wednesday (07/06/2011) moves to strengthen to Rp8.532 per USD from a position on the previous trading at Rp8.540 per USD.
According yahoofinance, rupiah at Rp8.542 per USD with a trading range in Rp8.517-Rp8.542 per USD. On the other hand, the dollar actually rose over other currencies. So the euro weakened to $ 1, 4367 per euro, and pound also fell to $ 1, 6026 per pound.
In the U.S. alone, orders to factories in the United States recorded an increase of 0.8 percent mom, an indication of improvement in the manufacturing sector from the economic slowdown in the first half of 2011.
The increase is lower than in April a record 0.9 percent mom. Increasing demand has also been signaling a recovery in the manufacturing sector in Japan's earthquake and tsunami disaster last March.
At the same time U.S. exports also increased, rising commodity prices and restrained. This condition supports the Fed's statement last month that the economic downturn is only temporary. (GoFinance)
Tuesday, July 5, 2011
::Strengthening U.S. Dollar Price of Gold Black Forced to USD94/Barrel>>
Go Finance Reporting in SINGAPORE - Oil prices in Asia remained at the level of USD94 per barrel as a result of the strengthening dollar makes crude oil prices look more expensive for investors using other currencies.
As quoted by the Associated Press (AP), Tuesday (07/05/2011), the price of black gold for August delivery rose two cents to USD94, 96 per barrel in electronic trading on the New York Mercantile Exchange (Nymex). Meanwhile, London Brent crude for August delivery fell 21 cents to USD111, 56 per barrel on the ICE Futures Exchange.
The exchange rate of euro against the U.S. dollar fell to as low as $ 1, 4479 per euro from the previous $ 1, 4541 per euro.
Last week, crude oil fell almost close to USD90 a barrel after the International Energy Agency released a number of strategic reserves of 60 million barrels of oil on 24 June.
But oil prices rebounded to move before the announcement of the International Energy Agency (International Energy Agency / IEA) due to weakening against the euro after the Greek parliament approved austerity measures, to avoid debt default.
"In order to see significant weakness down there (approximately USD88), we will probably need to see the rally in the dollar," due diligence.
In other Nymex trading in contracts in August, heating oil fell 0.9 cents to $ 2, 92 per gallon, while gasoline fell 1.3 cents at $ 2, 96 per gallon. Natural gas futures rose 1.2 cents to $ 4, 32 per 1,000 cubic feet. (GoFinance)
As quoted by the Associated Press (AP), Tuesday (07/05/2011), the price of black gold for August delivery rose two cents to USD94, 96 per barrel in electronic trading on the New York Mercantile Exchange (Nymex). Meanwhile, London Brent crude for August delivery fell 21 cents to USD111, 56 per barrel on the ICE Futures Exchange.
The exchange rate of euro against the U.S. dollar fell to as low as $ 1, 4479 per euro from the previous $ 1, 4541 per euro.
Last week, crude oil fell almost close to USD90 a barrel after the International Energy Agency released a number of strategic reserves of 60 million barrels of oil on 24 June.
But oil prices rebounded to move before the announcement of the International Energy Agency (International Energy Agency / IEA) due to weakening against the euro after the Greek parliament approved austerity measures, to avoid debt default.
"In order to see significant weakness down there (approximately USD88), we will probably need to see the rally in the dollar," due diligence.
In other Nymex trading in contracts in August, heating oil fell 0.9 cents to $ 2, 92 per gallon, while gasoline fell 1.3 cents at $ 2, 96 per gallon. Natural gas futures rose 1.2 cents to $ 4, 32 per 1,000 cubic feet. (GoFinance)
::Gold Prices Stable in USD1.496/Ounce>>
Go Finance Reporting in SINGAPORE - The price of gold was observed stable after ratings agency Standard & Poors warned of uncertainty over the rescue efforts that will be Greek to French bank debt rollover, and this could potentially lead to default.
However, it is actually a positive sentiment for gold movements did not succeed hoist up the price of this safe-haven commodities.
As quoted by Reuters on Tuesday (07/05/2011), price of gold in the spot market rose 0.09 percent to USD1.496, 84 per ounce. U.S. gold GCcv1 rose one percent to USD1.497, 60.
On the other hand, the euro almost scored its highest level against the dollar this month. Condition of Greece raises hopes the European Central Bank will raise interest rates on Thursday next.
The dollar index rose slightly on Tuesday, but there are still between lowest in the past month. Crude oil price of U.S. futures edged up on Tuesday to stay above USD95 per barrel ahead of U.S. data demand that the size of the plant world economic power and oil consumption. (GoFinance)
However, it is actually a positive sentiment for gold movements did not succeed hoist up the price of this safe-haven commodities.
As quoted by Reuters on Tuesday (07/05/2011), price of gold in the spot market rose 0.09 percent to USD1.496, 84 per ounce. U.S. gold GCcv1 rose one percent to USD1.497, 60.
On the other hand, the euro almost scored its highest level against the dollar this month. Condition of Greece raises hopes the European Central Bank will raise interest rates on Thursday next.
The dollar index rose slightly on Tuesday, but there are still between lowest in the past month. Crude oil price of U.S. futures edged up on Tuesday to stay above USD95 per barrel ahead of U.S. data demand that the size of the plant world economic power and oil consumption. (GoFinance)
:: Greece Can As East Germany>>
Go Finance Reporting in ATHENA - International rating agency Standard & Poor's (S & P) warned that the involvement of European private banks in the takeover of Greece's debt could increase the risk of failure.
S & P even said that if the Greeks accepted the French proposal to voluntarily change the way the Greek earned funds by involving private sector, will make Greece's debt rating under the agency's criteria. French banks, which holds the Greek foreign debt, previously wanted to Greece to extend the maturity of the bonds.
This proposal is supported by the German debt holders Greece's second largest. "If it is followed, is tantamount to failure to make Greece even more selective," said S & P. In another part, Chairman of European Finance Ministers Jean-Calude Juncker said that if the Greeks still request an additional bailout of the European Union and the IMF, in the future they will lose their sovereignty and many people lost their jobs. These consequences must be accepted Greek as an effort to avoid default on debt. The same thing never experienced the era of East Germany in the 1990s.
It was privatized state-owned enterprises reached only 14 thousand companies in the period 1990-1994. Greece has a problem on the low competitiveness as well as East Germany before joining West Germany. Before it merged with West Germany, East German communist minded listed as one of the countries in Europe with the highest unemployment rate. "The sovereignty of Greece became a limited instantaneous. The consequences would be unpleasant," said Juncker. Juncker's comments sparked criticism from U.S. President Spyros Papaspyros Adedy Working Greece.
Adedy call, Juncker has been disturbing the country's internal affairs and provoking the European rules. Saturday, July 2 last, the Minister of Finance approved the Euro Zone Greece 12 billion euro loan to prevent default. The approval came after the Greek parliament approved the austerity measures amounting to 28 billion euros ($ 40 billion) and promises to bring revenue worth 50 billion euros in 2015. The International Monetary Fund (IMF) and the European Union as well as the new Greek government will meet on July 8 to finalize a bailout is to be submitted disbursement on 15 July.
12 billion euro bailout agreed to yesterday is a continuation of the scheme's first fund worth 110 billion dollars to be disbursed in March a new 53 billion euros. However, a number of people declared, Greece still need a second bailout worth 110 billion, though still debated. EFG Eurobank economist Platon Monokroussos said Greece should accelerate fiscal adjustment and structural reform. It was necessary to balance expenditures and revenues are crippled because of loss of competitiveness.
The socialist government that regulates social welfare in Greece has not yet started selling assets and tax reform to meet the target. The new plan will be discussed this weekend. The Greek government aims to sell assets including its own properties is expected to reach 300 billion euros, although faced with a number of legal problems. Greek businessmen pessimistic target asset sales could be a success. This is due to the government-owned shares in state enterprises are low because of the recession.
"Targeting the 50 billion euro in 2015 could not be reached," said Commerce Chairman Constantinos Mihalos Athens. Meanwhile, Greek Finance Minister Evangelos Venizelos yesterday said that after the bailout approved, the Greek government is targeting economic improvement in order not to fall deeper. The initiative will be discussed in a few days or weeks ahead.
"The target we could restore the economy out of crisis and provide benefits to citizens, especially those who do not have jobs and low-income groups," he said. (GoFinance)
S & P even said that if the Greeks accepted the French proposal to voluntarily change the way the Greek earned funds by involving private sector, will make Greece's debt rating under the agency's criteria. French banks, which holds the Greek foreign debt, previously wanted to Greece to extend the maturity of the bonds.
This proposal is supported by the German debt holders Greece's second largest. "If it is followed, is tantamount to failure to make Greece even more selective," said S & P. In another part, Chairman of European Finance Ministers Jean-Calude Juncker said that if the Greeks still request an additional bailout of the European Union and the IMF, in the future they will lose their sovereignty and many people lost their jobs. These consequences must be accepted Greek as an effort to avoid default on debt. The same thing never experienced the era of East Germany in the 1990s.
It was privatized state-owned enterprises reached only 14 thousand companies in the period 1990-1994. Greece has a problem on the low competitiveness as well as East Germany before joining West Germany. Before it merged with West Germany, East German communist minded listed as one of the countries in Europe with the highest unemployment rate. "The sovereignty of Greece became a limited instantaneous. The consequences would be unpleasant," said Juncker. Juncker's comments sparked criticism from U.S. President Spyros Papaspyros Adedy Working Greece.
Adedy call, Juncker has been disturbing the country's internal affairs and provoking the European rules. Saturday, July 2 last, the Minister of Finance approved the Euro Zone Greece 12 billion euro loan to prevent default. The approval came after the Greek parliament approved the austerity measures amounting to 28 billion euros ($ 40 billion) and promises to bring revenue worth 50 billion euros in 2015. The International Monetary Fund (IMF) and the European Union as well as the new Greek government will meet on July 8 to finalize a bailout is to be submitted disbursement on 15 July.
12 billion euro bailout agreed to yesterday is a continuation of the scheme's first fund worth 110 billion dollars to be disbursed in March a new 53 billion euros. However, a number of people declared, Greece still need a second bailout worth 110 billion, though still debated. EFG Eurobank economist Platon Monokroussos said Greece should accelerate fiscal adjustment and structural reform. It was necessary to balance expenditures and revenues are crippled because of loss of competitiveness.
The socialist government that regulates social welfare in Greece has not yet started selling assets and tax reform to meet the target. The new plan will be discussed this weekend. The Greek government aims to sell assets including its own properties is expected to reach 300 billion euros, although faced with a number of legal problems. Greek businessmen pessimistic target asset sales could be a success. This is due to the government-owned shares in state enterprises are low because of the recession.
"Targeting the 50 billion euro in 2015 could not be reached," said Commerce Chairman Constantinos Mihalos Athens. Meanwhile, Greek Finance Minister Evangelos Venizelos yesterday said that after the bailout approved, the Greek government is targeting economic improvement in order not to fall deeper. The initiative will be discussed in a few days or weeks ahead.
"The target we could restore the economy out of crisis and provide benefits to citizens, especially those who do not have jobs and low-income groups," he said. (GoFinance)
::Rupiah Strengthens to Rp8.540/USD>>
Go Finance Reporting in JAKARTA - The sentiment of the bailout both to the Greeks of 120 billion euro currency affect other countries in Asia including Indonesia.
Rupiah, according to the middle exchange rate of Bank Indonesia (BI) on Tuesday (07/05/2011) strengthened to a level of Rp8.540 per USD compared to the previous trading period Rp8.522 per USD.
According yahoofinance, the rupiah is a little different at the level of Rp8.532 per USD with a daily trading range in Rp8.517-Rp8.537 per USD. Meanwhile, for other currencies like the euro was at $ 1, 4475 per euro, the pound was in the level of $ 1, 6122.
It is caused by the approval of the loan to Greece of 120 billion euros. So the Asia market will still be expected to positively include the rupiah. (GoFinance)
Rupiah, according to the middle exchange rate of Bank Indonesia (BI) on Tuesday (07/05/2011) strengthened to a level of Rp8.540 per USD compared to the previous trading period Rp8.522 per USD.
According yahoofinance, the rupiah is a little different at the level of Rp8.532 per USD with a daily trading range in Rp8.517-Rp8.537 per USD. Meanwhile, for other currencies like the euro was at $ 1, 4475 per euro, the pound was in the level of $ 1, 6122.
It is caused by the approval of the loan to Greece of 120 billion euros. So the Asia market will still be expected to positively include the rupiah. (GoFinance)
::IHSG Weakens, Because Stock Regional>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) this afternoon had to settle for parking in a red line. After the close of trading on the first session was monitored subsidence.
IHSG Tuesday (07/05/2011) evening fell 29.39 points, or 0.74 percent to a position equivalent to 3924.13. While the LQ45 index fell 7.34 points to 696.9 positions, as well as the Jakarta Islamic Index (JII) fell 6.55 points to 541.93.
Attenuation is supported due to regional exchanges such as the Hang Seng index fell 22.52 points ambles, Straits Times Index fell 19.6 points to 3133.84. However, only the Nikkei 225 index rose by 7.37 points.
This condition is also inevitably create internal sectors participated in the red lane. Almost all sectors recorded the red, led from the mining sector. Only the trade sector are strengthened thin.
The value of this transaction recorded in the afternoon Rp3, 32 trillion by volume as much as 3.75 billion shares. Where the 94 stocks tracked higher, stocks fell 122, and 122 shares stagnant.
Therefore, stocks that gained include PT Multi Breeder Adirama Indonesia Tbk (Mbai) rose Rp1.000 to Rp29.000, PT Goodyear Indonesia Tbk (GDYR) rose Rp450 to Rp10.950, and PT Hexindo Adiperkasa Tbk (hexa ) rose Rp450 to Rp7.700.
While the stocks that fell in between, PT Astra International Tbk (ASII) down Rp2.200 to Rp66.300, PT Bukit Asam Tbk (PTBA) down 400 to Rp20.950, and PT Bank Rakyat Indonesia Tbk (BBRI) down 200 to Rp6.700. (GoFinance)
IHSG Tuesday (07/05/2011) evening fell 29.39 points, or 0.74 percent to a position equivalent to 3924.13. While the LQ45 index fell 7.34 points to 696.9 positions, as well as the Jakarta Islamic Index (JII) fell 6.55 points to 541.93.
Attenuation is supported due to regional exchanges such as the Hang Seng index fell 22.52 points ambles, Straits Times Index fell 19.6 points to 3133.84. However, only the Nikkei 225 index rose by 7.37 points.
This condition is also inevitably create internal sectors participated in the red lane. Almost all sectors recorded the red, led from the mining sector. Only the trade sector are strengthened thin.
The value of this transaction recorded in the afternoon Rp3, 32 trillion by volume as much as 3.75 billion shares. Where the 94 stocks tracked higher, stocks fell 122, and 122 shares stagnant.
Therefore, stocks that gained include PT Multi Breeder Adirama Indonesia Tbk (Mbai) rose Rp1.000 to Rp29.000, PT Goodyear Indonesia Tbk (GDYR) rose Rp450 to Rp10.950, and PT Hexindo Adiperkasa Tbk (hexa ) rose Rp450 to Rp7.700.
While the stocks that fell in between, PT Astra International Tbk (ASII) down Rp2.200 to Rp66.300, PT Bukit Asam Tbk (PTBA) down 400 to Rp20.950, and PT Bank Rakyat Indonesia Tbk (BBRI) down 200 to Rp6.700. (GoFinance)
Monday, July 4, 2011
::European Union Provides funds much as 12 Billion Euros To Greece >>
Go Finance Reporting in BRUSSELS - European zone finance ministers agreed to disburse a loan of 12 billion euros to Greece.
After a conference call some time ago, 17 ministers in the euro zone agreed that the funds of 110 billion euro bailout approved for Greece on 10 May last year will be paid on 15 July, is expected to board the International Monetary Fund (IMF) could be agreed on 8 July .
The payment will allow Greece to avoid the threat of an increasingly severe crises. Greeks today still requires a second rescue fund of a total 110 billion euros and which will now allow only be completed in September.
"It has been decided by the European zone melting can be carried out before mid-September," said Greek Finance Minister Evangelos Venizelos, as quoted by Reuters on Monday (07/04/2011).
As is known, a loan of 12 billion euros will help Athens to redeem the debentures (bonds) amounted to 5.9 billion euros in August. but the government still has a lot of other debt.
Greece has repeatedly failed to meet budget targets set, so it increases the risk that the crisis will continue to spread throughout the Euro zone if it has not been resolved.
The second program will help with the cost Greek conducted from 2011-2014. Greece will also raise about 30 billion euros from privatization, while the EU and the IMF will provide approximately 50 billion euros. (GoFinance)
After a conference call some time ago, 17 ministers in the euro zone agreed that the funds of 110 billion euro bailout approved for Greece on 10 May last year will be paid on 15 July, is expected to board the International Monetary Fund (IMF) could be agreed on 8 July .
The payment will allow Greece to avoid the threat of an increasingly severe crises. Greeks today still requires a second rescue fund of a total 110 billion euros and which will now allow only be completed in September.
"It has been decided by the European zone melting can be carried out before mid-September," said Greek Finance Minister Evangelos Venizelos, as quoted by Reuters on Monday (07/04/2011).
As is known, a loan of 12 billion euros will help Athens to redeem the debentures (bonds) amounted to 5.9 billion euros in August. but the government still has a lot of other debt.
Greece has repeatedly failed to meet budget targets set, so it increases the risk that the crisis will continue to spread throughout the Euro zone if it has not been resolved.
The second program will help with the cost Greek conducted from 2011-2014. Greece will also raise about 30 billion euros from privatization, while the EU and the IMF will provide approximately 50 billion euros. (GoFinance)
::Confidence growing, IHSG Parking in 3953>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) continued to carve out a new record level through 3950. Passion investors on the stock exchange continues to boost the stock indexes today.
IHSG, Monday (07/04/2011) afternoon closed up 26.42 points, or 0.7 percent, to 3953.52. LQ45 index rose 5.38 points to 704.24 and the Jakarta Islamic Index (JII) rose 7.56 points to 548.48.
Trading volume today as much as 4.702 billion shares worth Rp 4, 374 trillion. As many as 112 stocks advanced, 110 stocks fell, and 97 stocks unchanged prices. Foreign investors more confident doing the action purchased with the net buying rates for Rp430, 103 billion.
The manufacturing sector is now leading the reinforcement with rose 12.99 points, followed by the mining sector which rose 8.7 points.
Asian stocks more solidly in the green belt. Hang Seng Index soared 372.37 points, or 1.66 percent, to 22,770.47, the Nikkei 225 rose 97.02 points, or 0.98 per cent and Straits Times index rose 6.53 points, or 0.24 percent, to 3146.69.
Meanwhile, European bourses moved even though it is still dominated strengthening mixed in early trading today in response to the bailout of Greece. CAC 40 rose 0.71 points, or 0.02 percent, to 4008.06, the DAX rose 13.11 points, or 0.18 percent to 7432.29 and the FTSE 100 index rose 11.11 points, or 0.19 percent, to 6000.84.
Stocks are moving higher (top gainers) including PT Astra International Tbk (ASII) rose Rp2.950 to Rp68.500, PT Indomobil Sukses Makmur Tbk (IMAS) rose Rp1.600 to Rp9.650 and PT United Tractors Tbk (UNTR ) rose 500 to 25,000.
While stocks are moving down (top lossers) including PT Gudang Garam Tbk (GGRM) down Rp1.200 to Rp48.800, Multibreeder Adirama PT Tbk (Mbai) down Rp750 to Rp28.000 and PT HM Sampoerna Tbk (HMSP) down 300 to Rp28.700. (GoFinance)
IHSG, Monday (07/04/2011) afternoon closed up 26.42 points, or 0.7 percent, to 3953.52. LQ45 index rose 5.38 points to 704.24 and the Jakarta Islamic Index (JII) rose 7.56 points to 548.48.
Trading volume today as much as 4.702 billion shares worth Rp 4, 374 trillion. As many as 112 stocks advanced, 110 stocks fell, and 97 stocks unchanged prices. Foreign investors more confident doing the action purchased with the net buying rates for Rp430, 103 billion.
The manufacturing sector is now leading the reinforcement with rose 12.99 points, followed by the mining sector which rose 8.7 points.
Asian stocks more solidly in the green belt. Hang Seng Index soared 372.37 points, or 1.66 percent, to 22,770.47, the Nikkei 225 rose 97.02 points, or 0.98 per cent and Straits Times index rose 6.53 points, or 0.24 percent, to 3146.69.
Meanwhile, European bourses moved even though it is still dominated strengthening mixed in early trading today in response to the bailout of Greece. CAC 40 rose 0.71 points, or 0.02 percent, to 4008.06, the DAX rose 13.11 points, or 0.18 percent to 7432.29 and the FTSE 100 index rose 11.11 points, or 0.19 percent, to 6000.84.
Stocks are moving higher (top gainers) including PT Astra International Tbk (ASII) rose Rp2.950 to Rp68.500, PT Indomobil Sukses Makmur Tbk (IMAS) rose Rp1.600 to Rp9.650 and PT United Tractors Tbk (UNTR ) rose 500 to 25,000.
While stocks are moving down (top lossers) including PT Gudang Garam Tbk (GGRM) down Rp1.200 to Rp48.800, Multibreeder Adirama PT Tbk (Mbai) down Rp750 to Rp28.000 and PT HM Sampoerna Tbk (HMSP) down 300 to Rp28.700. (GoFinance)
::Rupiah Strengthens Because Weakening U.S. Dollar>>
Go Finance Reporting in JAKARTA - United States Dollars (U.S.) moves down and makes the value of other currencies to strengthen. Likewise with the rupiah is now getting closer to the level of Rp8.500's.
Rupiah, according to the middle exchange rate of Bank Indonesia (BI) on Monday (07/04/2011) rose to Rp8.522 per USD compared to the previous trading period Rp8.563 per USD.
According yahoofinance, the rupiah even exist at the level of Rp8.512, 5 per USD with a daily trading range in Rp8.507-Rp8.547 per USD. Also observed depressed dollar over other currencies. Against the euro, the dollar weakened to $ 1, 4526 per euro, the pound also rose to $ 1, 6122 per pound.
Some U.S. economic data that will be announced at this week is expected to record improvement according to Blomberg surveys. Estimated repair is the factory orders data, initial jobless claims, nonfarm payrolls, private payrolls, manufacturing payrolls and unemployment rate is expected to remain at 9.1 percent.
As for the ISM nonmanufacturing index is expected to fall. Previous ISM manufacturing index rose from 53.5 in May to 55.3 in June. The market responded positively to increased manufacturing index after nearly a month ago U.S. economic data showed weakness, plus the approval signal from the U.S. Republican Party to raise U.S. debt limit from the current position of $ 14, 3 trillion. (GoFinance)
Rupiah, according to the middle exchange rate of Bank Indonesia (BI) on Monday (07/04/2011) rose to Rp8.522 per USD compared to the previous trading period Rp8.563 per USD.
According yahoofinance, the rupiah even exist at the level of Rp8.512, 5 per USD with a daily trading range in Rp8.507-Rp8.547 per USD. Also observed depressed dollar over other currencies. Against the euro, the dollar weakened to $ 1, 4526 per euro, the pound also rose to $ 1, 6122 per pound.
Some U.S. economic data that will be announced at this week is expected to record improvement according to Blomberg surveys. Estimated repair is the factory orders data, initial jobless claims, nonfarm payrolls, private payrolls, manufacturing payrolls and unemployment rate is expected to remain at 9.1 percent.
As for the ISM nonmanufacturing index is expected to fall. Previous ISM manufacturing index rose from 53.5 in May to 55.3 in June. The market responded positively to increased manufacturing index after nearly a month ago U.S. economic data showed weakness, plus the approval signal from the U.S. Republican Party to raise U.S. debt limit from the current position of $ 14, 3 trillion. (GoFinance)
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