Monday, September 12, 2011

::Debt crisis of Europe, Asian Stock Collapsing>>

Go Finance Reporting in TOKYO - Asian stock markets fell sharply in early trading on worries about Europe's debt problems. Sentiment worsened after Wall Street fell hard enough last weekend.

Japan's Nikkei 225 index fell 2.1 percent to 8550.45, or at their lowest point in the last six months. It is quoted from the AP on Monday (09/12/2011).

Hong Kong's Hang Seng index fell three percent to 19264.68. In Australia, the S & P / ASX 200 lost nearly three percent to 4069.8. In addition, benchmarks in New Zealand and Singapore also retreated.

Currency markets the dollar traded at 77.49 yen, while the euro appreciated USD1, 35 946. Meanwhile, financial markets in South Korea, China, and Taiwan was closed Monday for national holidays. (GoFinance)

::Gold Prices Down Again to USD1.852, 95>>

Go Finance Reporting in SINGAPORE - Gold prices fell again in trading Monday (09/12/2011) at the level of USD1.852, 95 per ounce.

However, this condition can still attract the attention of buyers in the previous session after experiencing the worst trade since last June as a result of the strengthening dollar against the euro and the growing doubts about the ability of Europeans to resolve the debt crisis.

In trading this morning, gold fell $ 4, 21 to USD1.852, 95 per ounce. This price is far below the highest price at last week's trading, which is USD1.920 per ounce.

U.S. Gold GCcv1 fell $ 3, 3 to USD1.856, 2 per ounce. It is quoted by Reuters on Monday (09/12/2011).

Senior officials of World Gold Council (WGC) said demand for gold, which fell in the second quarter of this year, is expected to strengthen in late 2011. This was driven by strong buying jewelry in India and China, as well as the recovery in investment demand. Meanwhile, oil prices down approximately $ 1 this morning as a result of the strengthening dollar. (GoFinance)

::Oil Prices Down Again to USD86/Barel>>

Go Finance Reporting in SINGAPORE - Oil prices fell and at the level of USD86 per barrel Monday in Asia as investor fears about the debt crisis in Europe that undermine confidence in equities and commodities.

As quoted by the Associated Press on Monday (09/12/2011), the benchmark oil for October delivery fell $ 1, 64 to USD85, 60 at noon Singapore time in electronic trading on the New York Mercantile Exchange.

In London, Brent crude for October delivery fell 96 cents to USD111, 81 on the ICE Futures exchange.

As for today, the cash-strapped condition of Greece and the Greek government on Sunday said it would put on property taxes in an effort to meet fiscal targets to maintain an international bailout.

Debt crisis has helped strengthen the U.S. dollar (U.S.) against the euro. A stronger dollar makes commodities like oil more expensive for investors compared to other currencies.

The euro fell to $ 1, 3521 on Mondays than $ 1, 3651 at the end of Friday. Stock market, oil traders seen as a barometer of overall investor sentiment, fell in Asia on Monday.

In other Nymex trading for the contract in October, heating oil fell 2.4 cents to $ 2, 96 per gallon and gasoline futures fell 4.3 cents to $ 2, 73 per gallon. Natural gas for October delivery fell 3.0 cents to $ 3, 89 per 1,000 cubic feet. (GoFinance)

::Rupiah Down Following IHSG>>

Go Finance Reporting in JAKARTA - Negative Composite Stock Price Index (IHSG) and the stock exchange in Asia to negative sentiment for the appreciation of the rupiah. Rupiah weakens on the level recorded Rp8.603 per USD.

Middle exchange rate of Bank Indonesia (BI) on Monday (09/12/2011), recorded at the level Rp8.603 rupiah per USD, down one point compared to the previous trading period that is Rp8.571 per USD. According yahoofinance, the rupiah traded at Rp8.632 per USD with a daily trading range Rp8.570-8.640 per USD.

On the other hand, the euro also appears to weaken against the U.S. dollar (U.S.) to $ 1, 36 per USD with an average daily trading EUR1 0.34 to 1, 36 per EUR, as well as a weaker pound to USD1, 50 per pound with a flat The average daily trading transactions $ 1 0.57 to 1, 58 per GBP.

As is known, IHSG at the close of trading today, recorded dived 102.38 points, or 2.56 percent, to 3896.12. LQ45 shares fell 21.07 points, or three percent to a level of 684.18, while the Jakarta Islamic Index (JII) fell 13.84 points, 2.5 percent, to 538.74.

On the other hand, Asian stocks also dropped sharply, noted the Nikkei 225 fell 201.99 points, or 2.31 ​​percent, to 8535.67, the Straits Times Index fell 71.41 points, or 2.53 percent to as low as 2753.69, while the Hang Seng fell sharply 836.09 points, or 4.21 percent, to 19030.54.

Stocks in Europe Major European Exchange also isolated to a ravine where London's FTSE-down 2:35 percent, Frankfurt's Dax-4.04 percent, and the Paris CAC-3.6 percent. This encouraged the fall of the financial sector particularly stocks of Goldman Sachs cuts price target of major European banks. (GoFinance)