Go Finance Reporting in WASHINGTON - Economic growth in the United States more slowly than expected over the last few months in 2010 yesterday. Because the U.S. government cut spending to prevent further weight in its budget crisis.
Quoted by AFP on Sunday (02/27/2011), economic growth fell to 2.8 percent in the last quarter in 2010, where more slowly than expected, giving rise to the question of the vitality of the economic recovery is Uncle Sam's country.
Through the political debate in the U.S. that fierce because trimming spending by the government, then the local government budget cuts to help the nearly 2.5 percent economic growth rate.
At first, the U.S. Commerce Department estimates of Gross Domestic Product will increase 3.2 percent in the fourth quarter with government spending to cut costs by just under one percent.
"State and local governments have mobilized the various ways to the economy," said Aichi Amemiya, from Nomura Bank, Japan.
In addition, Washington also reduce federal spending decreased by 0.2 percent compared with an increase of 8.8 percent in the third quarter. Meanwhile, President Barack Obama and some economists have warned that spending can not be cut too fast because this will stalling economic recovery.
"We could argue means to reduce the deficit but we can not argue about the implications. There is no such thing as a free lunch when it comes due to budget cuts. In the short term, reducing the deficits slowed economic growth," said Economic Advisors, Joel Naroff of Naroff. (GoFinance)
Sunday, February 27, 2011
::Russian Central Bank Raises Interest Rates 0.25 Bps>>
Go Finance Report in MOSCOW - Russia's Central Bank raised interest rates by 0.25 basis points to eight percent. This is the first rate hike since the economic crisis two years ago.
Quoted by AFP on Sunday (02/27/2011), the Russian central bank said higher interest rates are effective from Monday due to expectations of higher inflation in Russia, and high world oil prices.
Kala economic crisis started to hit the country, the central bank interest rate cuts later dressed in a row over to help out of the economic slowdown.
The Russian government under Prime Minister Vladimir Putin, the last few years working hard to reduce high inflation after the collapse of the Soviet Union.
However, concerns re-struck in recent months after a wave of summer and the fire destroyed more than a quarter of the crop that resulted in reduced supply thus depressing prices.
Russia's central bank said that inflation reached 9.7 percent in the period February 21 when compared with the previous year in which inflation pressures remain significant.
Economic recovery in Russia has shown a trend which contrasts, with industrial production showed a steady growth for several consecutive months, but the investment volume was recorded falls in January. (GoFinance)
Quoted by AFP on Sunday (02/27/2011), the Russian central bank said higher interest rates are effective from Monday due to expectations of higher inflation in Russia, and high world oil prices.
Kala economic crisis started to hit the country, the central bank interest rate cuts later dressed in a row over to help out of the economic slowdown.
The Russian government under Prime Minister Vladimir Putin, the last few years working hard to reduce high inflation after the collapse of the Soviet Union.
However, concerns re-struck in recent months after a wave of summer and the fire destroyed more than a quarter of the crop that resulted in reduced supply thus depressing prices.
Russia's central bank said that inflation reached 9.7 percent in the period February 21 when compared with the previous year in which inflation pressures remain significant.
Economic recovery in Russia has shown a trend which contrasts, with industrial production showed a steady growth for several consecutive months, but the investment volume was recorded falls in January. (GoFinance)
::Small Entrepreneur and Medium inhibited by SNI>>
Go Finance Reporting in JAKARTA - At present, competitiveness and growth of SMEs in the country is still hampered problem of Indonesian National Standard (SNI).
It was said Director General of Small and Medium Enterprises (SME) Kemenperin Euis Saedah confessed, on the sidelines of the Family Gathering Industry Journalists Forum (Forwin) 2011 in Anyer, Banten, on Saturday (02/26/2010) yesterday.
"The problem is, many do not yet have a small industry standards. Socialization Increased Use of Domestic Products (P3DN) also have not we heard the echo, "said Euis.
In addition, according Euis, lack of budget is also still inhibit the growth of SMEs. So, he said, it was heavily promoting SME products, both at home and abroad. (GoFinance)
It was said Director General of Small and Medium Enterprises (SME) Kemenperin Euis Saedah confessed, on the sidelines of the Family Gathering Industry Journalists Forum (Forwin) 2011 in Anyer, Banten, on Saturday (02/26/2010) yesterday.
"The problem is, many do not yet have a small industry standards. Socialization Increased Use of Domestic Products (P3DN) also have not we heard the echo, "said Euis.
In addition, according Euis, lack of budget is also still inhibit the growth of SMEs. So, he said, it was heavily promoting SME products, both at home and abroad. (GoFinance)
Saturday, February 26, 2011
::Investors Back Supports U.S. economy, Wall Street Stronger>>
Go Finance Reporting in NEW YORK - At this weekend's Wall Street tends to move stable when investors are nervous because of the turmoil in Libya have not abated, making the oil price data and estimates of economic growth the United States (U.S.) weaker.
Reporting from the site AFP on Saturday (02/26/2011), the Dow Jones moved up 64.22 points (0.53 percent) to 12,132.95. Then the Nasdaq index rose 43.08 points (1.57 percent) to 2780.98 at the close of trading this weekend. While the S & P 500 index rebounded to 3.89 points (1.06 percent) to 1319.99.
Kimberly Dubord in Briefing.com said the market perspective has now shifted back to the U.S., having weakened in recent days related to transmission pro-democracy spread to the Arab State.
"Oil prices helped re-focus on sentiment ongoing economic recovery combined with a healthy corporate sector and valuations are attractive and continue to attract investor interest," says Kimberly. (GoFinance)
Reporting from the site AFP on Saturday (02/26/2011), the Dow Jones moved up 64.22 points (0.53 percent) to 12,132.95. Then the Nasdaq index rose 43.08 points (1.57 percent) to 2780.98 at the close of trading this weekend. While the S & P 500 index rebounded to 3.89 points (1.06 percent) to 1319.99.
Kimberly Dubord in Briefing.com said the market perspective has now shifted back to the U.S., having weakened in recent days related to transmission pro-democracy spread to the Arab State.
"Oil prices helped re-focus on sentiment ongoing economic recovery combined with a healthy corporate sector and valuations are attractive and continue to attract investor interest," says Kimberly. (GoFinance)
::Prepared Scenarios For Oil Unrest>>
Go Finance Reporting in Jakarta - The government is preparing a variety of simulated conditions of oil prices and their impact on the national economy for some time to come. This step will make the government better prepared to face the world oil price fluctuations.
Minister for National Development Planning / Head of Bappenas Alisjahbana Armida said, the influence of conflict Libya to shocks in oil prices lately is significant. Because of the impact on the national economy, the government will continue to monitor world oil price movements.
"This external shock and outside of government control. But, as far as possible we manage it well. We hope that the conflict in Libya over with, "said Armida in Jakarta yesterday.
Crude oil prices remained above yesterday's level of USD112 per barrel in Asian trade due to increasing concerns about supply due to unrest in the Middle East and North Africa. New York's main contract for delivery in April next, light sweet crude rose $ 36 cents to USD97, 64 per barrel.
Brent North Sea crude oil also rose $ 1, 26 to USD112, 62 per barrel. Armida said, despite fluctuating oil prices, the government has not intention of changing the macro assumptions in the near future.
Indonesian oil price is pegged at $ 80 per barrel level in the state budget in 2011 is assessed to be relevant because this assumption is the average annual price. The government is optimistic the violence that occurred in the Middle East and Africa quickly subsided and oil prices return to its original level.
Turbulence in the regional countries of Africa and the Middle East these days to encourage governments to think hard to maintain domestic economic stability.
To meet the demand for oil in the country, the government will begin to look to import from countries outside of Africa and the Middle East. "It could be our oil imports from Malaysia if it was difficult from the Middle East or Africa," said Armida.
The government remains wary of the economic turmoil caused by rising world oil prices. Armida explained, when oil prices rise, the cost of production and distribution of foodstuffs driven possible rise.
"That is why the policy of subsidized fuel restrictions have not decided and still be reviewed depending on the results of the study," he said.
Special Staff of the Minister of Planning / Bappenas Dedi Masykur Riyadi said, the National Development Planning Agency is conducting relevant studies and simulations of oil price fluctuations and the impact that may arise.
"While we arrange it based on current conditions and data support, but no need to panic yet," said Dedi. Related possibility of postponement of consumption restrictions on fuel oil (BBM) subsidy, further Dedi, more leads to double-impact effects (multiplier effects) on the national economy if imposed force April 2011.
He said, if forced to run, that policy will affect food prices. However, if not enforced, the burden of government subsidies will gain weight.
"Should the allocation of funds for development programs, but it ran more to the subsidy. It's hard for the government, "he said.
He predicts, probably waiting for the application of restrictions on subsidized fuel oil prices stabilized. Subsidy budget in 2011 is expected to swell as the trend of rising global oil prices and yet the realization of policy of limiting the consumption of subsidized fuel.
Budget subsidies in the 2011 state budget allocated Rp187, 624 trillion. Of that amount, the government energy subsidies allocated Rp136, 614 trillion. While non-energy subsidies in the Budget 2011 at Rp51, 010 trillion.
"The budget subsidy is expected to swell as a result of oil price hikes that have reached U.S. $ 100 per barrel and have not done programs subsidized fuel savings," said Vice Chairman of Commission XI DPR Achsanul Qosasi. (GoFinance)
Minister for National Development Planning / Head of Bappenas Alisjahbana Armida said, the influence of conflict Libya to shocks in oil prices lately is significant. Because of the impact on the national economy, the government will continue to monitor world oil price movements.
"This external shock and outside of government control. But, as far as possible we manage it well. We hope that the conflict in Libya over with, "said Armida in Jakarta yesterday.
Crude oil prices remained above yesterday's level of USD112 per barrel in Asian trade due to increasing concerns about supply due to unrest in the Middle East and North Africa. New York's main contract for delivery in April next, light sweet crude rose $ 36 cents to USD97, 64 per barrel.
Brent North Sea crude oil also rose $ 1, 26 to USD112, 62 per barrel. Armida said, despite fluctuating oil prices, the government has not intention of changing the macro assumptions in the near future.
Indonesian oil price is pegged at $ 80 per barrel level in the state budget in 2011 is assessed to be relevant because this assumption is the average annual price. The government is optimistic the violence that occurred in the Middle East and Africa quickly subsided and oil prices return to its original level.
Turbulence in the regional countries of Africa and the Middle East these days to encourage governments to think hard to maintain domestic economic stability.
To meet the demand for oil in the country, the government will begin to look to import from countries outside of Africa and the Middle East. "It could be our oil imports from Malaysia if it was difficult from the Middle East or Africa," said Armida.
The government remains wary of the economic turmoil caused by rising world oil prices. Armida explained, when oil prices rise, the cost of production and distribution of foodstuffs driven possible rise.
"That is why the policy of subsidized fuel restrictions have not decided and still be reviewed depending on the results of the study," he said.
Special Staff of the Minister of Planning / Bappenas Dedi Masykur Riyadi said, the National Development Planning Agency is conducting relevant studies and simulations of oil price fluctuations and the impact that may arise.
"While we arrange it based on current conditions and data support, but no need to panic yet," said Dedi. Related possibility of postponement of consumption restrictions on fuel oil (BBM) subsidy, further Dedi, more leads to double-impact effects (multiplier effects) on the national economy if imposed force April 2011.
He said, if forced to run, that policy will affect food prices. However, if not enforced, the burden of government subsidies will gain weight.
"Should the allocation of funds for development programs, but it ran more to the subsidy. It's hard for the government, "he said.
He predicts, probably waiting for the application of restrictions on subsidized fuel oil prices stabilized. Subsidy budget in 2011 is expected to swell as the trend of rising global oil prices and yet the realization of policy of limiting the consumption of subsidized fuel.
Budget subsidies in the 2011 state budget allocated Rp187, 624 trillion. Of that amount, the government energy subsidies allocated Rp136, 614 trillion. While non-energy subsidies in the Budget 2011 at Rp51, 010 trillion.
"The budget subsidy is expected to swell as a result of oil price hikes that have reached U.S. $ 100 per barrel and have not done programs subsidized fuel savings," said Vice Chairman of Commission XI DPR Achsanul Qosasi. (GoFinance)
Friday, February 25, 2011
::Libya Will Cut Supply, the Price of Black Gold USD98/Barel Approach>>
Go Finance Reporting in Singapore - Crude oil prices tracked back slightly increased, although that is close to USD98 per barrel in Asian trade. This increase as the impact amid signs the crisis in Libya, which might have cut crude supplies.
The price of oil for April delivery rose 36 cents to USD97, 64 per barrel at midday in Singapore time, after a fall to USD96, 39 in early trading session on the New York Mercantile Exchange.
Reporting from the Associated Press, on Friday (02/25/2011), contract delivery fell 82 cents, and stable at USD97, 28 in trading Thursday. While in London, Brent crude for April delivery rose 89 cents to USD112, 25 per barrel on the ICE Futures exchange.
Previously, the International Energy Agency stated when oil prices rose as high as USD103 on Thursday that impact that violent uprising in Libya, has forced oil companies to idle oil producing between 500 thousand-750 thousand barrels per day.
Production is less than one percent of daily global oil consumption. Where production is approximately half of which produced the largest oil producer in Libya, Italy's Eni.
Paris-based IEA also said it can make every delivery of oil lost from Libya because of the surplus is owned by member countries, including the United States, Britain, France, and Germany.
Saudi Arabia, as the biggest crude oil producer from the Organization of Petroleum Exporting Countries (OPEC) said that, if necessary, it will increase their production to cover the shortage of oil supply due to unrest in Libya. (GoFinance)
The price of oil for April delivery rose 36 cents to USD97, 64 per barrel at midday in Singapore time, after a fall to USD96, 39 in early trading session on the New York Mercantile Exchange.
Reporting from the Associated Press, on Friday (02/25/2011), contract delivery fell 82 cents, and stable at USD97, 28 in trading Thursday. While in London, Brent crude for April delivery rose 89 cents to USD112, 25 per barrel on the ICE Futures exchange.
Previously, the International Energy Agency stated when oil prices rose as high as USD103 on Thursday that impact that violent uprising in Libya, has forced oil companies to idle oil producing between 500 thousand-750 thousand barrels per day.
Production is less than one percent of daily global oil consumption. Where production is approximately half of which produced the largest oil producer in Libya, Italy's Eni.
Paris-based IEA also said it can make every delivery of oil lost from Libya because of the surplus is owned by member countries, including the United States, Britain, France, and Germany.
Saudi Arabia, as the biggest crude oil producer from the Organization of Petroleum Exporting Countries (OPEC) said that, if necessary, it will increase their production to cover the shortage of oil supply due to unrest in Libya. (GoFinance)
::Dow Jones weaker, World Oil Prices Soar>>
Go Finance Reporting in NEW YORK - Although closed mixed, no doubt the movement of the Dow Jones remains weak as oil prices continue to soar, making the stock market worried investors.
Nevertheless, the Nasdaq index recorded a rebound, so a little help stabilize the volatile stock that moves. Investors are also advised not to give in to the market is rallying.
Reported by Reuters on Friday (02/25/2011), the average Dow Jones industrial fell 37.28 points, or 0.31 percent, to 12068.50. The broader Standard & Poor's 500 slid 1.30 points, or 0.10 percent to 1306.10. While the Nasdaq Composite Index rebounded 0.55 percent or 14.91 points to 2737.90.
S & P 500 Index recovered from its lowest position, although initially triggered by a deep concern that oil prices will be higher so that it can withstand economic activity. Stocks were observed to reach their worst level when Brent crude oil near USD120 per barrel due to problems in Libya.
Known, oil prices alone have risen about 12 percent during the last three sessions. This sharp rise has sparked fears about the impact of energy costs on economic activity.
The price of oil itself is at its highest position since the end of August 2008 due to increased supply problem which affected Libya. Brent oil climbed to nearly USD120 in intraday trading but later fell back to USD111, 12 which was triggered by rumors that the Libyan leader Muammar Gaddafi had been shot. (GoFinance)
Nevertheless, the Nasdaq index recorded a rebound, so a little help stabilize the volatile stock that moves. Investors are also advised not to give in to the market is rallying.
Reported by Reuters on Friday (02/25/2011), the average Dow Jones industrial fell 37.28 points, or 0.31 percent, to 12068.50. The broader Standard & Poor's 500 slid 1.30 points, or 0.10 percent to 1306.10. While the Nasdaq Composite Index rebounded 0.55 percent or 14.91 points to 2737.90.
S & P 500 Index recovered from its lowest position, although initially triggered by a deep concern that oil prices will be higher so that it can withstand economic activity. Stocks were observed to reach their worst level when Brent crude oil near USD120 per barrel due to problems in Libya.
Known, oil prices alone have risen about 12 percent during the last three sessions. This sharp rise has sparked fears about the impact of energy costs on economic activity.
The price of oil itself is at its highest position since the end of August 2008 due to increased supply problem which affected Libya. Brent oil climbed to nearly USD120 in intraday trading but later fell back to USD111, 12 which was triggered by rumors that the Libyan leader Muammar Gaddafi had been shot. (GoFinance)
::Bonuses on Wall Street Workers Reach Rp187 Trillion>>
Go Finance Reporting in New York - Bonus workers in the financial center of Wall Street, New York, United States (U.S.) during 2010 reached USD20, 8 billion (Rp187 trillion). The amount is nine percent lower than the previous year as the implementation of financial reforms, including restrictions on bonuses.
Under the Financial Supervisory Agency official report of New York Thomas DiNapoli, the average Wall Street employee cash bonus during the past year is USD128.530 (Rp1, 15 billion). The report is based on estimates of bonus payments on the capital markets industry working in the City of New York.
Although in the midst of efforts initiated limitations banking bonuses governments and politicians, overall compensation in the form of share increased six percent over the previous year. In terms of wages, increased sharply by 21.9 percent in the first half of 2010.
Unlike most other employees, professionals on Wall Street usually receive most of their annual compensation in the form of year-end bonuses.
"Past practices appreciated the short-term gains at the expense of long-term benefits," DiNapoli said, quoted by Reuters on Friday (02/25/2011).
According to the report, along the 2010 corporate profits on Wall Street USD27, 6 billion, following the positive performance of 2009, where profits reached USD61, 4 billion. The increase in stock compensation triggered the anger of U.S. citizens who do not like the financial industry after the bailout by the government in 2008.
However, the bonus amount based on a report the banking consolidation throughout 2010 even mentions the nominal amount of the big five banks on Wall Street reached USD119 billion. Among these banks are Goldman Sachs Group Inc. paid an average bonus of USD431 thousand (Rp3, 8 billion), Citigroup Inc. (USD94 thousand or Rp846 million).
Wall Street is the area that became the pillars of financial economics at New York area. However, due to financial crisis, Wall Street's contribution to the state in cash receipts to be only 13 percent from the previous 20 percent. As for New York City, his tax contributions only seven percent compared to 13 percent before the crisis.
With bonuses in the form of stock options, the bankers and brokers receive deferred compensation so that no income tax arrears to the government.
According to DiNapoli, although payment of taxes to local government delayed, However the financial industry on Wall Street will be more stable and balanced. This is because the compensation that is deferred will accumulate in the future when the tax is paid as compensation paid in cash.
According to politicians, the impulse to defer bonus compensation is intended to limit risk in case the next financial crisis. (GoFinance)
Under the Financial Supervisory Agency official report of New York Thomas DiNapoli, the average Wall Street employee cash bonus during the past year is USD128.530 (Rp1, 15 billion). The report is based on estimates of bonus payments on the capital markets industry working in the City of New York.
Although in the midst of efforts initiated limitations banking bonuses governments and politicians, overall compensation in the form of share increased six percent over the previous year. In terms of wages, increased sharply by 21.9 percent in the first half of 2010.
Unlike most other employees, professionals on Wall Street usually receive most of their annual compensation in the form of year-end bonuses.
"Past practices appreciated the short-term gains at the expense of long-term benefits," DiNapoli said, quoted by Reuters on Friday (02/25/2011).
According to the report, along the 2010 corporate profits on Wall Street USD27, 6 billion, following the positive performance of 2009, where profits reached USD61, 4 billion. The increase in stock compensation triggered the anger of U.S. citizens who do not like the financial industry after the bailout by the government in 2008.
However, the bonus amount based on a report the banking consolidation throughout 2010 even mentions the nominal amount of the big five banks on Wall Street reached USD119 billion. Among these banks are Goldman Sachs Group Inc. paid an average bonus of USD431 thousand (Rp3, 8 billion), Citigroup Inc. (USD94 thousand or Rp846 million).
Wall Street is the area that became the pillars of financial economics at New York area. However, due to financial crisis, Wall Street's contribution to the state in cash receipts to be only 13 percent from the previous 20 percent. As for New York City, his tax contributions only seven percent compared to 13 percent before the crisis.
With bonuses in the form of stock options, the bankers and brokers receive deferred compensation so that no income tax arrears to the government.
According to DiNapoli, although payment of taxes to local government delayed, However the financial industry on Wall Street will be more stable and balanced. This is because the compensation that is deferred will accumulate in the future when the tax is paid as compensation paid in cash.
According to politicians, the impulse to defer bonus compensation is intended to limit risk in case the next financial crisis. (GoFinance)
::Weekends, IHSG Only Up 4 Points>>
Go Finance Reporting in Jakarta - Composite Stock Price Index (IHSG) finally close higher, although only four points this weekend. The positive sentiment appeared to start back to haunt regional Asian and European indexes rose.
IHSG, in late trade on Friday (02/25/2011) close higher thin 4.4 points or 0.1 percent, to 3443.53. LQ45 rose 0.13 points, or 0.01 percent, to 607.7, and the Jakarta Islamic Index (JII) rose 0.26 points, or 0.1 percent, to 490.68.
Asian indices also seem to be moving strong. Hang Seng Index rose 411.33 points to 23,012.37, the Nikkei rose 74.05 points to 10,526.76 and the Straits Times rose 48.62 points to 3021. While the indexes in Europe also seem to be rallying. FTSE rose 20.77 points to 5940.75, the CAC rose 23.36 points to 4032.9 and the Dax rose 21.16 points to 7151.
Sector indices supporters seem to be moving in both directions. Mining sector rose 12.56 points, or 0.4 percent, the plantation sector rose 3.02 points, or 0.2 percent, the consumption sector fell 3.04 points, or 0.3 percent, and infrastructure sectors fell 1.07 points, or 0.1 percent.
The total transaction value was recorded at Rp3, 75 trillion by volume of 3.6 billion shares. 134 stocks advanced, 76 stocks fell and 84 shares remain stagnant.
Stocks that move strengthened (Top gainers), among others Multibreeder Indonesia Tbk PT (MBAI) rose Rp700 to Rp12.200, PT HM Sampoerna Tbk (HMSP) rose Rp350 to Rp25.750, and PT Adira Dinamika Multi Finance Tbk (ADMF) rose 200 to Rp10.600.
While the stock is moving down (top lossers) is PT Bayan Resources Tbk (ITMG) down 900 to Rp45.200, PT Sarana Tower Nusantara Tbk (ITMG) down Rp700 to Rp10.500, and PT Gudang Garam Tbk (GGRM) down Rp450 to Rp36.050. (GoFinance)
IHSG, in late trade on Friday (02/25/2011) close higher thin 4.4 points or 0.1 percent, to 3443.53. LQ45 rose 0.13 points, or 0.01 percent, to 607.7, and the Jakarta Islamic Index (JII) rose 0.26 points, or 0.1 percent, to 490.68.
Asian indices also seem to be moving strong. Hang Seng Index rose 411.33 points to 23,012.37, the Nikkei rose 74.05 points to 10,526.76 and the Straits Times rose 48.62 points to 3021. While the indexes in Europe also seem to be rallying. FTSE rose 20.77 points to 5940.75, the CAC rose 23.36 points to 4032.9 and the Dax rose 21.16 points to 7151.
Sector indices supporters seem to be moving in both directions. Mining sector rose 12.56 points, or 0.4 percent, the plantation sector rose 3.02 points, or 0.2 percent, the consumption sector fell 3.04 points, or 0.3 percent, and infrastructure sectors fell 1.07 points, or 0.1 percent.
The total transaction value was recorded at Rp3, 75 trillion by volume of 3.6 billion shares. 134 stocks advanced, 76 stocks fell and 84 shares remain stagnant.
Stocks that move strengthened (Top gainers), among others Multibreeder Indonesia Tbk PT (MBAI) rose Rp700 to Rp12.200, PT HM Sampoerna Tbk (HMSP) rose Rp350 to Rp25.750, and PT Adira Dinamika Multi Finance Tbk (ADMF) rose 200 to Rp10.600.
While the stock is moving down (top lossers) is PT Bayan Resources Tbk (ITMG) down 900 to Rp45.200, PT Sarana Tower Nusantara Tbk (ITMG) down Rp700 to Rp10.500, and PT Gudang Garam Tbk (GGRM) down Rp450 to Rp36.050. (GoFinance)
::Depressed, Rupiah still falls Weekend>>
Go Finance Reporting in Jakarta - Rupiah seems to experience the pressure and eventually weaken over the United States dollar (U.S.). In fact, other world major currencies rose on Uncle Sam's country's currency this.
Rupiah, according to the exchange rate of Bank Indonesia (BI) on Friday (02/25/2011) stagnated at the level of Rp8.858 per USD, compared to Rp8.857 per USD in the previous trading period.
According yahoofinance, the rupiah weakened to Rp8.832, 5 per USD with a daily trading range between Rp8.832,5-Rp8.862,5 per USD. In fact, the dollar is now looking to move to weaken. The euro rose to 1.3819 per USD, the yen rose to 81.875 per USD, the Australian dollar strengthened to 1.0125 per U.S. dollar.
Indonesian Securities analyst Samuel Lana Soelistianingsih said the U.S. economy more stable is shown by the increase in orders for durable goods in January by 2.7 percent mom, up from negative 0.4 percent mom last December in line with increased demand for aircraft.
But orders excluding transportation equipment fell (negative) 6.9 percent mom, mom from positive 4.3 percent in December last. This decrease indicates the weakness of demand for capital goods.
Nevertheless, the manufacturing sector will still be strengthened to encourage economic growth. Employment data also show improvements, applications for jobless benefits dropped by 22,000 to 391,000 in the third week ago. (GoFinance)
Rupiah, according to the exchange rate of Bank Indonesia (BI) on Friday (02/25/2011) stagnated at the level of Rp8.858 per USD, compared to Rp8.857 per USD in the previous trading period.
According yahoofinance, the rupiah weakened to Rp8.832, 5 per USD with a daily trading range between Rp8.832,5-Rp8.862,5 per USD. In fact, the dollar is now looking to move to weaken. The euro rose to 1.3819 per USD, the yen rose to 81.875 per USD, the Australian dollar strengthened to 1.0125 per U.S. dollar.
Indonesian Securities analyst Samuel Lana Soelistianingsih said the U.S. economy more stable is shown by the increase in orders for durable goods in January by 2.7 percent mom, up from negative 0.4 percent mom last December in line with increased demand for aircraft.
But orders excluding transportation equipment fell (negative) 6.9 percent mom, mom from positive 4.3 percent in December last. This decrease indicates the weakness of demand for capital goods.
Nevertheless, the manufacturing sector will still be strengthened to encourage economic growth. Employment data also show improvements, applications for jobless benefits dropped by 22,000 to 391,000 in the third week ago. (GoFinance)
Thursday, February 24, 2011
::Spanish Banking Enters Difficult Period>>
Go Finance Reporting in Madrid - rating agencies from the United States (U.S.) Standard & Poor's (S & P) predicted that this year is a difficult period for banks Spain.
This is based on the number of banks in Spain that his debt ratings lowered, including Spain's biggest savings bank, La Caixa, which is being restructured into retail lending. S & P also warned that Spanish banks are facing the challenges of post-reduction in long-term sovereign debt rating of Spain to "AA" and short-term debt to "A-1 +" in the last month.
Rating agency headquartered in New York, United States, it added that other problems in the banking Matador State that is the high cost of funds which can suppress earnings. In fact, at the same time decreasing the volume of loans that burden the bank's operations.
"This industry will face intense competition to attract retail funds while there will be a sequel. Although moderate, the accumulation of nonperforming loans will peak before the end of the year, "said S & P as quoted by AFP.
Last month, the government announced a policy that requires banks to increase the ratio of core capital to eight per cent to boost customer confidence. In addition, Spanish monetary authorities are also forcing financial institutions that are not listed on the stock to convert into traditional bank to help economic growth. On the other hand, the Government of Spain saw strong demand for short-term debt securities during the auction conducted on Tuesday (2/22/2011) ago.
This suggests that financial markets still believe in the ability of government to solve the fiscal gap width. According to the Ministry of Finance of Spain, during an auction of short-term debt Tuesday, the funds collected to reach 2.87 billion euros ($ 3, 89 billion) or about Rp35 trillion for bond maturities of three and six months. (GoFinance)
This is based on the number of banks in Spain that his debt ratings lowered, including Spain's biggest savings bank, La Caixa, which is being restructured into retail lending. S & P also warned that Spanish banks are facing the challenges of post-reduction in long-term sovereign debt rating of Spain to "AA" and short-term debt to "A-1 +" in the last month.
Rating agency headquartered in New York, United States, it added that other problems in the banking Matador State that is the high cost of funds which can suppress earnings. In fact, at the same time decreasing the volume of loans that burden the bank's operations.
"This industry will face intense competition to attract retail funds while there will be a sequel. Although moderate, the accumulation of nonperforming loans will peak before the end of the year, "said S & P as quoted by AFP.
Last month, the government announced a policy that requires banks to increase the ratio of core capital to eight per cent to boost customer confidence. In addition, Spanish monetary authorities are also forcing financial institutions that are not listed on the stock to convert into traditional bank to help economic growth. On the other hand, the Government of Spain saw strong demand for short-term debt securities during the auction conducted on Tuesday (2/22/2011) ago.
This suggests that financial markets still believe in the ability of government to solve the fiscal gap width. According to the Ministry of Finance of Spain, during an auction of short-term debt Tuesday, the funds collected to reach 2.87 billion euros ($ 3, 89 billion) or about Rp35 trillion for bond maturities of three and six months. (GoFinance)
::Dow Jones weakened 107 pts>>
Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) tumbled following a warming condition of Libya and the trigger price of gold soared through the level of USD100 per barrel. In addition, the technology sector also weakened further aggravated the state of the market.
Oil prices jumped to their highest since October 2008 amid concerns about supply disruptions in Libya, which is an oil producer. Brent oil prices also had penetrated the level of USD107 per barrel.
"We have solid strength for long periods of time, completely without correction. So this is a long-term correction would be a good thing for the market," said chief investment officer of Investment Gradient Wayne Schmidt was quoted as saying by Reuters.
Nasdaq looks to lead the weakening that occurred in the stock market. This index plummeted because Netflix stock down 4.7 percent at USD211, 20, and Salesforce.com fell 2.5 percent to USD133, 37.
Hewlett-Packard projected that its earnings will weaken due to slowing demand for personal computers, and at least six brokers lowered their price target. Its stock price slumped 9.6 percent to USD43, 59.
At the close of trading on Wednesday (02/23/2011), the Dow Jones Industrial fell 107.01 points, or 0.88 percent, to 12105.78. The broader Standard & Poor's 500 fell 8.04 points, or 0.61 percent, to 1307.40. And the Nasdaq Composite Index fell 33.43 points, or 1.21 percent to 2722.99. (GoFinance)
Oil prices jumped to their highest since October 2008 amid concerns about supply disruptions in Libya, which is an oil producer. Brent oil prices also had penetrated the level of USD107 per barrel.
"We have solid strength for long periods of time, completely without correction. So this is a long-term correction would be a good thing for the market," said chief investment officer of Investment Gradient Wayne Schmidt was quoted as saying by Reuters.
Nasdaq looks to lead the weakening that occurred in the stock market. This index plummeted because Netflix stock down 4.7 percent at USD211, 20, and Salesforce.com fell 2.5 percent to USD133, 37.
Hewlett-Packard projected that its earnings will weaken due to slowing demand for personal computers, and at least six brokers lowered their price target. Its stock price slumped 9.6 percent to USD43, 59.
At the close of trading on Wednesday (02/23/2011), the Dow Jones Industrial fell 107.01 points, or 0.88 percent, to 12105.78. The broader Standard & Poor's 500 fell 8.04 points, or 0.61 percent, to 1307.40. And the Nasdaq Composite Index fell 33.43 points, or 1.21 percent to 2722.99. (GoFinance)
::IHSG Opened Down 14 Points>>
Go Finance Reporting in Jakarta - Negative sentiment still seems to haunt regional stock markets. As a result, Composite Stock Price Index (IHSG) was opened down 14 points.
IHSG, in early trading Thursday (02/24/2011) fell 13.76 points, or 0.4 percent, to 3460.36. LQ45 down 3.53 points, or 0.6 percent, to 612.61 and the Jakarta Islamic Index (JII) fell 2.85 points, or 0.6 percent, to 495.08.
Unlike the stock index in the United States (U.S.), stock indexes in Asia this time observed moving in both directions. The Hang Seng rose 103.22 points to 23,010.12, the Nikkei fell 58.81 points to 10,520.29 and the Straits Times fell 1.57 points to 2999.
Sector advocates compact stock index seemed to weaken. Mining sector fell 4.73 points, or 0.2 percent, the plantation sector fell 4.43 points, or 0.2 percent, the manufacturing sector fell 5.58 points, or 0.7 percent.
The volume of transactions recorded 137.89 million shares valued at Rp95, 39 billion. The 49 stocks fell, 18 stocks advanced and 48 shares remain stagnant.
Stocks that move down (top lossers) is PT Bayan Resources Tbk (ITMG) down Rp800 to Rp47.800, PT Astra International Tbk (ITMG) down 400 to Rp51.500, PT Indocement Tbk (INTP) down Rp350 to Rp14 .650 and PT Astra Agro Lestari Tbk (AALI) down 300 to Rp21.900.
While stocks rose (Top gainers) is Inovisi Infracom PT Tbk (INVS) rose Rp1.050 to Rp6.300, PT Federal (AUTO) rose Rp350 to Rp13.00 and PT Smart Tbk (SMAR) rose Rp250 to Rp5.250. (GoFinance)
IHSG, in early trading Thursday (02/24/2011) fell 13.76 points, or 0.4 percent, to 3460.36. LQ45 down 3.53 points, or 0.6 percent, to 612.61 and the Jakarta Islamic Index (JII) fell 2.85 points, or 0.6 percent, to 495.08.
Unlike the stock index in the United States (U.S.), stock indexes in Asia this time observed moving in both directions. The Hang Seng rose 103.22 points to 23,010.12, the Nikkei fell 58.81 points to 10,520.29 and the Straits Times fell 1.57 points to 2999.
Sector advocates compact stock index seemed to weaken. Mining sector fell 4.73 points, or 0.2 percent, the plantation sector fell 4.43 points, or 0.2 percent, the manufacturing sector fell 5.58 points, or 0.7 percent.
The volume of transactions recorded 137.89 million shares valued at Rp95, 39 billion. The 49 stocks fell, 18 stocks advanced and 48 shares remain stagnant.
Stocks that move down (top lossers) is PT Bayan Resources Tbk (ITMG) down Rp800 to Rp47.800, PT Astra International Tbk (ITMG) down 400 to Rp51.500, PT Indocement Tbk (INTP) down Rp350 to Rp14 .650 and PT Astra Agro Lestari Tbk (AALI) down 300 to Rp21.900.
While stocks rose (Top gainers) is Inovisi Infracom PT Tbk (INVS) rose Rp1.050 to Rp6.300, PT Federal (AUTO) rose Rp350 to Rp13.00 and PT Smart Tbk (SMAR) rose Rp250 to Rp5.250. (GoFinance)
::Preparation, Rupiah Will Continue Strengthening>>
Go Finance Reporting Jakarta - The positive composite stock price index (IHSG) seems to be a positive sentiment for the rupiah. As a result, the rupiah would be expected to continue strengthening in the trade this time.
"With the positive movement of stock, we projected the rupiah will strengthen and be between, Rp8.825-Rp8.887 per USD," said foreign exchange analyst Tony Mariano, Thursday (02/24/2011).
Tony explains the strengthening of the rupiah was triggered also by the movement of wall street that has the potential to experience correction and movement that mixed Down Jones indirectly will not favorable for the movement of the dollar itself.
As is known, the rupiah, according to the exchange rate of Bank Indonesia (BI) on Wednesday (02/23/2011) close higher to Rp8.857 per USD, compared with the previous period in Rp8.873 per USD.
According yahoofinance, the rupiah also climbed to Rp8.847, 5 per USD with a daily trading range in the 0.5-Rp8 Rp8.847 .875 per USD. (GoFinance)
"With the positive movement of stock, we projected the rupiah will strengthen and be between, Rp8.825-Rp8.887 per USD," said foreign exchange analyst Tony Mariano, Thursday (02/24/2011).
Tony explains the strengthening of the rupiah was triggered also by the movement of wall street that has the potential to experience correction and movement that mixed Down Jones indirectly will not favorable for the movement of the dollar itself.
As is known, the rupiah, according to the exchange rate of Bank Indonesia (BI) on Wednesday (02/23/2011) close higher to Rp8.857 per USD, compared with the previous period in Rp8.873 per USD.
According yahoofinance, the rupiah also climbed to Rp8.847, 5 per USD with a daily trading range in the 0.5-Rp8 Rp8.847 .875 per USD. (GoFinance)
::Libya The Heat, Crude Oil in Asia Translucent Records to USD95/Barel>>
Go Finance Reporting in Singapore - Crude oil prices in Asian spot market increasingly haunted by the violent crisis in Libya so feared could disrupt crude supplies in the Middle East. As a result, the oil price soared to close to USD96 per barrel level.
As quoted by the Associated Press (AP), Wednesday (02/23/2011), price of crude oil for March delivery rose 30 cents to the position of USD95, 72 per barrel or print a record high since October 2008, in electronic trading in New York Mercantile Exchange ( Nymex) noon Singapore time. Meanwhile, in London, Brent crude for April delivery also rose 72 cents to USD106, 5 per barrel on the ICE Futures exchange.
Increasingly heated situation in Libya after Libyan leader Moammar Gadhafi called on its supporters to attack anti-government demonstrators. As a result, nearly approximately 300 people were killed in the uprising, according to a count of human rights NGO in New York.
Libya was recorded as a country that has the largest oil reserves in Africa or occupies the 15th position in world crude oil exporter by 1.2 million barrels per day. Because the Libyan government's repressive actions against the protesters making Western oil companies including Eni and Repsol-YPF to temporarily suspend its production there, and BP has started evacuation of workers.
"A wave of protests in Libya was the first to show a real risk to oil supplies," the report Goldmand Sachs.
Goldman also predicts the price of crude oil will penetrate the level of USD103 per barrel within the next 12 months as a signal that the oil-rich countries in the Gulf are vulnerable to political turmoil.
Crisis in the Middle East and North Africa have been started since last January in Tunisia and Egypt. Then spread to several countries in the region such as Yemen, Bahrain, Iran, Algeria, Morocco, and Jordan.
Some investors and analysts was watching developments in Iran as the second largest OPEC producer. Some analysts worried that the spike in oil prices which continue to occur could fuel inflation, reduce consumer spending and hamper global economic growth.
"If the current situation continues to deteriorate then this has the potential to not only disrupt the energy market but also hinder economic growth in developed and developing countries," said energy analyst Richard Soultanian NUS Consulting.
In other Nymex trading in the contract of March, heating oil rose 0.4 cents to $ 2, 80 per gallon and gasoline rose 2.5 cents to $ 2, 63 per gallon. Natural gas futures rose 2.5 cents to $ 3, 89 per 1,000 cubic feet. (GoFinance)
As quoted by the Associated Press (AP), Wednesday (02/23/2011), price of crude oil for March delivery rose 30 cents to the position of USD95, 72 per barrel or print a record high since October 2008, in electronic trading in New York Mercantile Exchange ( Nymex) noon Singapore time. Meanwhile, in London, Brent crude for April delivery also rose 72 cents to USD106, 5 per barrel on the ICE Futures exchange.
Increasingly heated situation in Libya after Libyan leader Moammar Gadhafi called on its supporters to attack anti-government demonstrators. As a result, nearly approximately 300 people were killed in the uprising, according to a count of human rights NGO in New York.
Libya was recorded as a country that has the largest oil reserves in Africa or occupies the 15th position in world crude oil exporter by 1.2 million barrels per day. Because the Libyan government's repressive actions against the protesters making Western oil companies including Eni and Repsol-YPF to temporarily suspend its production there, and BP has started evacuation of workers.
"A wave of protests in Libya was the first to show a real risk to oil supplies," the report Goldmand Sachs.
Goldman also predicts the price of crude oil will penetrate the level of USD103 per barrel within the next 12 months as a signal that the oil-rich countries in the Gulf are vulnerable to political turmoil.
Crisis in the Middle East and North Africa have been started since last January in Tunisia and Egypt. Then spread to several countries in the region such as Yemen, Bahrain, Iran, Algeria, Morocco, and Jordan.
Some investors and analysts was watching developments in Iran as the second largest OPEC producer. Some analysts worried that the spike in oil prices which continue to occur could fuel inflation, reduce consumer spending and hamper global economic growth.
"If the current situation continues to deteriorate then this has the potential to not only disrupt the energy market but also hinder economic growth in developed and developing countries," said energy analyst Richard Soultanian NUS Consulting.
In other Nymex trading in the contract of March, heating oil rose 0.4 cents to $ 2, 80 per gallon and gasoline rose 2.5 cents to $ 2, 63 per gallon. Natural gas futures rose 2.5 cents to $ 3, 89 per 1,000 cubic feet. (GoFinance)
::IHSG Stronger 23 pts Thanks to Mining Sector>>
Go Finance Reporting in Jakarta - Composite Stock Price Index (IHSG) is still entrenched in the green belt at the close of trading today, against the negative sentiment that swept the global and regional exchanges. Although not as aggressive as the first session, but capable of supporting the mining sector index to score 23 points.
IHSG, on Wednesday (02/23/2011) evening closed 23.02 points, or 0.7 percent, to 3474.12. LQ45 index rose 5.92 points, or 616.14 and the Jakarta Islamic Index (JII) rose 5.1 points to 497.93.
The value of transactions recorded today Rp4, 024 trillion with a transaction volume 3.136 billion shares. As many as 133 stocks advanced, 69 stocks fell, and 104 shares remained unchanged in price. Selling still occurs on foreign investors who reached Rp253, 047 billion.
Asian stocks are still shrouded in fear of crisis in the Middle East who fear it would continue to spread to other countries. Nikkei index down 85.6 points or 0.8 percent, to 10,579.1 followed the Hang Seng fell 83.91 points, or 0.36 percent to 22,906.9 and Strai Times fell 10.78 points, or 0.36 percent, to 3008, 34.
Meanwhile, European bourses were shaded by negative sentiment in early trade. The FTSE 100 index fell 38 points, or 0.63 percent, to 5959.39, followed by the DAX fell 36.82 points, or 0.5 percent, to 7281.53 and the CAC 40 fell 2.25 points, or thin 0.06 percent to 4048.02 .
The mining sector is still victorious sustain movement of the index by scoring 52.58 points, followed by consumer sector rose 16.53 points and the manufacturing sector rose 7.79 points. While the weakening occurred in the plantation sector, down 16.06 points and infrastructure sectors thin down 1.29 points.
Stocks that move strengthened (Top gainers) include PT Bayan Resources Tbk (ITMG) rose Rp2.000 to Rp48.600, PT Bukit Asam Tbk (PTBA) rose Rp600 to Rp20.200, and PT Unilever Indonesia Tbk (UNVR) rose Rp450 to Rp15.700.
Meanwhile, stocks that move down (top lossers) including PT Sarana Tower Nusantara Tbk (TOWR) down Rp1.200 to Rp9.800, PT Inovisi Infracom Tbk (INVS) dropped Rp1.150 and PT United Tractors Tbk (UNTR) down Rp250 to Rp22.900. (GoFinance)
IHSG, on Wednesday (02/23/2011) evening closed 23.02 points, or 0.7 percent, to 3474.12. LQ45 index rose 5.92 points, or 616.14 and the Jakarta Islamic Index (JII) rose 5.1 points to 497.93.
The value of transactions recorded today Rp4, 024 trillion with a transaction volume 3.136 billion shares. As many as 133 stocks advanced, 69 stocks fell, and 104 shares remained unchanged in price. Selling still occurs on foreign investors who reached Rp253, 047 billion.
Asian stocks are still shrouded in fear of crisis in the Middle East who fear it would continue to spread to other countries. Nikkei index down 85.6 points or 0.8 percent, to 10,579.1 followed the Hang Seng fell 83.91 points, or 0.36 percent to 22,906.9 and Strai Times fell 10.78 points, or 0.36 percent, to 3008, 34.
Meanwhile, European bourses were shaded by negative sentiment in early trade. The FTSE 100 index fell 38 points, or 0.63 percent, to 5959.39, followed by the DAX fell 36.82 points, or 0.5 percent, to 7281.53 and the CAC 40 fell 2.25 points, or thin 0.06 percent to 4048.02 .
The mining sector is still victorious sustain movement of the index by scoring 52.58 points, followed by consumer sector rose 16.53 points and the manufacturing sector rose 7.79 points. While the weakening occurred in the plantation sector, down 16.06 points and infrastructure sectors thin down 1.29 points.
Stocks that move strengthened (Top gainers) include PT Bayan Resources Tbk (ITMG) rose Rp2.000 to Rp48.600, PT Bukit Asam Tbk (PTBA) rose Rp600 to Rp20.200, and PT Unilever Indonesia Tbk (UNVR) rose Rp450 to Rp15.700.
Meanwhile, stocks that move down (top lossers) including PT Sarana Tower Nusantara Tbk (TOWR) down Rp1.200 to Rp9.800, PT Inovisi Infracom Tbk (INVS) dropped Rp1.150 and PT United Tractors Tbk (UNTR) down Rp250 to Rp22.900. (GoFinance)
::Stronger, Rupiah Parking at Rp8.857/USD>>
Go Finance Reporting in Jakarta - The rupiah exchange rate moves to strengthen the dollar because the United States (U.S.) weakened. Rupiah finally parked at the level of Rp8.857 per USD.
Amount, according to the exchange rate of Bank Indonesia (BI) on Wednesday (02/23/2011) close higher to Rp8.857 per USD, compared with the previous period in Rp8.873 per USD.
According yahoofinance, the rupiah also climbed to Rp8.847, 5 per USD with a daily trading range in the 0.5-Rp8 Rp8.847 .875 per USD.
In addition to dollars, other currencies seem to be rallying for the United States dollar (U.S.). The euro rose to 1.3722 per USD, as well as the yen rose to 82.685 per U.S. dollar. Pounds also rose to 1.621 per U.S. dollar.
In fact, analyst Samuel Securities Indonesia Soelistianingsih Lana said if the dollar is now in a stronger trend. U.S. dollar strengthened followed by weakness in the stock and bond markets in the global market. In addition, rising crude oil prices will be followed by rising food prices are increasingly worrying.
This is because the crisis of Libya is reported to have killed more than 500 demonstrators. Gaddafi did not budge and further strengthen its position by means of violence. Libyan crisis is feared spread to other countries particularly to Saudi Arabia. Saudi Arabia and Libya is a member of OPEC crude oil production and the second largest.
Not just in the Middle East region, is also worried the crisis spread to China along with starting the small riots in Shanghai at the end of last week. (GoFinance)
Amount, according to the exchange rate of Bank Indonesia (BI) on Wednesday (02/23/2011) close higher to Rp8.857 per USD, compared with the previous period in Rp8.873 per USD.
According yahoofinance, the rupiah also climbed to Rp8.847, 5 per USD with a daily trading range in the 0.5-Rp8 Rp8.847 .875 per USD.
In addition to dollars, other currencies seem to be rallying for the United States dollar (U.S.). The euro rose to 1.3722 per USD, as well as the yen rose to 82.685 per U.S. dollar. Pounds also rose to 1.621 per U.S. dollar.
In fact, analyst Samuel Securities Indonesia Soelistianingsih Lana said if the dollar is now in a stronger trend. U.S. dollar strengthened followed by weakness in the stock and bond markets in the global market. In addition, rising crude oil prices will be followed by rising food prices are increasingly worrying.
This is because the crisis of Libya is reported to have killed more than 500 demonstrators. Gaddafi did not budge and further strengthen its position by means of violence. Libyan crisis is feared spread to other countries particularly to Saudi Arabia. Saudi Arabia and Libya is a member of OPEC crude oil production and the second largest.
Not just in the Middle East region, is also worried the crisis spread to China along with starting the small riots in Shanghai at the end of last week. (GoFinance)
Wednesday, February 23, 2011
::Libya Inherited Debt Rating>>
Go Finance Reporting Paris - Rating agency Standard & Poor's downgraded the debt of Libya, a day after Fitch Ratings does the same thing where the oil-rich country is currently experiencing unrest.
Standard & Poor's lowered its long-term rating from A-to Libya BBB +, and placed in the position creditwatch with the intention of further downgrades in the near future. Previously, the rating agency Fitch Ratings on Monday downgraded the curve of Libya's debt to BBB + BBB.
"We hope that the violence of civil unrest that occurred in eastern Libya, and especially the city of Benghazi, the last few days will survive. Where the unrest has now spread to the capital Tripoli," the rating agency stated in its report, quoted by AFP on Wednesday (02/23/2011).
Statement S & P added when Libyan leader Moamer Kadhafi apparently continues to maintain support in Tripoli that the longer the rioting continued. And caused a higher political risk which makes the instability spread throughout the country.
Standard & Poor's noted that the Libyan government has significant flexibility to expand their social spending. In addition, the government surplus is estimated at 11.5 percent of production, supported by the current fiscal revenue from oil prices that more than USD100 per barrel.
"However, there is no quick resolution due to the current crisis. We believe that the risks to macroeconomic stability in Libya is likely to grow," he said. (GoFinance)
Standard & Poor's lowered its long-term rating from A-to Libya BBB +, and placed in the position creditwatch with the intention of further downgrades in the near future. Previously, the rating agency Fitch Ratings on Monday downgraded the curve of Libya's debt to BBB + BBB.
"We hope that the violence of civil unrest that occurred in eastern Libya, and especially the city of Benghazi, the last few days will survive. Where the unrest has now spread to the capital Tripoli," the rating agency stated in its report, quoted by AFP on Wednesday (02/23/2011).
Statement S & P added when Libyan leader Moamer Kadhafi apparently continues to maintain support in Tripoli that the longer the rioting continued. And caused a higher political risk which makes the instability spread throughout the country.
Standard & Poor's noted that the Libyan government has significant flexibility to expand their social spending. In addition, the government surplus is estimated at 11.5 percent of production, supported by the current fiscal revenue from oil prices that more than USD100 per barrel.
"However, there is no quick resolution due to the current crisis. We believe that the risks to macroeconomic stability in Libya is likely to grow," he said. (GoFinance)
::Follow Regional & Global, IHSG corrected Thin>>
Go Finance Reporting in Jakarta - Composite Stock Price Index (IHSG) on opening trade this morning observed a thin weakened. Dow Jones cs Asian stocks closed lower as well which are all flushed, dragging the index to be corrected.
IHSG Wednesday (02/23/2011) at 09.30 was observed to weaken when JATS 10.98 points, or 0.32 percent, to 3440.12. LQ45 index was down 1.83 points to go 608, and the Jakarta Islamic Index (JII) was also down 1.71 points to 491.12 level.
The value of transactions this morning was recorded at Rp239, 75 billion, with transaction volume amounted to 206.98 million shares. As many as 42 stocks advanced, 62 stocks fell, and 57 shares remain stagnant.
Known, the Dow industrial average 178.46 points, or sag Jones 1.44 percent, to 12212.79. The broader Standard & Poor's 500 index dropped 27.57 points, or 2.05 percent, to 1315.44. The Nasdaq Composite Index dropped 77.53 points, or 2.74 percent to as low as 2756.42.
Asian stocks this morning was seen in the red lines, such as the Nikkei 225 index fell 20.90 points, or 0.20 percent to 10,643.8, followed by the Hang Seng fell 58.09 points, or 0.25 percent to 22,932.72 and the Straits Times down 25.28 points, to 0.84 percent to 2993.84.
Stocks that move strengthened (Top gainers), of which PT Bayan Resources Tbk (ITMG) rose Rp500 to Rp47.100, PT Astra Agro Lestari Tbk (AALI) rose Rp400 to Rp22.650, PT Astra International Tbk (ASII) rose Rp250 to Rp51.900, and PT Indocement Tbk (INTP) rose 150 to Rp14.900.
Meanwhile, stocks that move down (top lossers) of which PT Sarana Tower Nusantara Tbk (TOWR) fell 1,000 to 10,000, PT Unilever Indonesia Tbk (UNVR) down Rp250 to 15,000, and PT Bank Mandiri Tbk ( BMRI) down Rp100 to Rp5.850. (GoFinance)
IHSG Wednesday (02/23/2011) at 09.30 was observed to weaken when JATS 10.98 points, or 0.32 percent, to 3440.12. LQ45 index was down 1.83 points to go 608, and the Jakarta Islamic Index (JII) was also down 1.71 points to 491.12 level.
The value of transactions this morning was recorded at Rp239, 75 billion, with transaction volume amounted to 206.98 million shares. As many as 42 stocks advanced, 62 stocks fell, and 57 shares remain stagnant.
Known, the Dow industrial average 178.46 points, or sag Jones 1.44 percent, to 12212.79. The broader Standard & Poor's 500 index dropped 27.57 points, or 2.05 percent, to 1315.44. The Nasdaq Composite Index dropped 77.53 points, or 2.74 percent to as low as 2756.42.
Asian stocks this morning was seen in the red lines, such as the Nikkei 225 index fell 20.90 points, or 0.20 percent to 10,643.8, followed by the Hang Seng fell 58.09 points, or 0.25 percent to 22,932.72 and the Straits Times down 25.28 points, to 0.84 percent to 2993.84.
Stocks that move strengthened (Top gainers), of which PT Bayan Resources Tbk (ITMG) rose Rp500 to Rp47.100, PT Astra Agro Lestari Tbk (AALI) rose Rp400 to Rp22.650, PT Astra International Tbk (ASII) rose Rp250 to Rp51.900, and PT Indocement Tbk (INTP) rose 150 to Rp14.900.
Meanwhile, stocks that move down (top lossers) of which PT Sarana Tower Nusantara Tbk (TOWR) fell 1,000 to 10,000, PT Unilever Indonesia Tbk (UNVR) down Rp250 to 15,000, and PT Bank Mandiri Tbk ( BMRI) down Rp100 to Rp5.850. (GoFinance)
Tuesday, February 22, 2011
::Libya Still In Violence, Crude Oil Asia rocketed to USD93/Barel>>
Go Finance Reporting in Singapore - Crude oil prices in Asian spot market suddenly leap into the highest level to the level of USD93 per barrel after Libyan leader Moammar Gadhafi to struggle to maintain power amid loud protests Libyan people who demanded to withdraw.
As quoted by the Associated Press (AP), Tuesday (02/22/2011), price of crude oil for March delivery jumped $ 6, 75 to the position of USD92, 95 per barrel in electronic trading on the New York Mercantile Exchange (Nymex) at noon Singapore time . Meanwhile, in London, Brent crude for April delivery also rose $ 1, 21 to the position of USD106, 95 per barrel on the ICE Futures exchange.
Libyan government action to quell protests and bloody people fairly hard because it has killed approximately 233 people in action.
This makes some investors increasingly worried about the conditions in Libya, as one of OPEC's leading exporter of approximately one million barrels per day, because these conditions can make a number of foreign oil companies operating there to evacuate its staff from the country. Besides Libya, investors also continue to observe developments in Iran, the second largest producer in OPEC countries after Saudi Arabia.
"Unlike Egypt, Libya is a significant producer of crude oil and allow it to bring in serious disturbances since the beginning of the largest and second Gulf War," said energy consultant Schork.
Some analysts are also concerned about this spike in oil prices could hinder recovery underway a number of developed countries. The reason is, since the crisis in the Middle East who spread ranging from Tunisia to Libya have increased the price of crude oil up to $ 10.
In other Nymex trading in the contract of March, heating oil rose 11.2 cents to $ 2, 82 per gallon and gasoline rose 10 cents to $ 2, 65 per gallon. Natural gas futures rose 9.2 cents to $ 3, 97 per 1,000 cubic feet. (GoFinance)
As quoted by the Associated Press (AP), Tuesday (02/22/2011), price of crude oil for March delivery jumped $ 6, 75 to the position of USD92, 95 per barrel in electronic trading on the New York Mercantile Exchange (Nymex) at noon Singapore time . Meanwhile, in London, Brent crude for April delivery also rose $ 1, 21 to the position of USD106, 95 per barrel on the ICE Futures exchange.
Libyan government action to quell protests and bloody people fairly hard because it has killed approximately 233 people in action.
This makes some investors increasingly worried about the conditions in Libya, as one of OPEC's leading exporter of approximately one million barrels per day, because these conditions can make a number of foreign oil companies operating there to evacuate its staff from the country. Besides Libya, investors also continue to observe developments in Iran, the second largest producer in OPEC countries after Saudi Arabia.
"Unlike Egypt, Libya is a significant producer of crude oil and allow it to bring in serious disturbances since the beginning of the largest and second Gulf War," said energy consultant Schork.
Some analysts are also concerned about this spike in oil prices could hinder recovery underway a number of developed countries. The reason is, since the crisis in the Middle East who spread ranging from Tunisia to Libya have increased the price of crude oil up to $ 10.
In other Nymex trading in the contract of March, heating oil rose 11.2 cents to $ 2, 82 per gallon and gasoline rose 10 cents to $ 2, 65 per gallon. Natural gas futures rose 9.2 cents to $ 3, 97 per 1,000 cubic feet. (GoFinance)
::Wow ... Japan Debt Rating Down So Negative>>
Go Finance Reporting in Tokyo - Rating agency Moody's International Services lowered Japan's foreign debt outlook to "negative". This decision is based on the assumption that the State government Sakura considered not strong enough to overcome the deficit.
Moody's decision is expected to press the government of Prime Minister Naoto Kan that in recent months his popularity goes down. This is the second time Japan's debt rating lowered after last month. Other rating agencies namely Standard & Poor's (S & P) also cut its rating of Japan for the first time since 2002.
At that time Japan's S & P rate loss strategy that will go in an effort to alleviate the amount of government debt. Moody's previously maintains outlook "stable" with a rating of "AA2" which is the third highest ranking of the 19 measurement scale debt rating.
"(Decrease) rating is the action of growing attention on economic and fiscal policies are not strong enough from the government, including targets to reduce the deficit. Japan currently has a debt above the level of other developed countries," said Moody's said in a statement quoted by AFP, Tuesday (02/22/2011).
Just to note, the current debt on the world's largest industrialized countries it reaches 200 percent of gross domestic product (GDP) after the government pumped trillions of yen into the economy to help the ailing economy as the global financial crisis. However, rapid population aging and the deflation that continues to happen, making Japan's economy remains weak so that the policy makers to prevent discharge of the loan. (GoFinance)
Moody's decision is expected to press the government of Prime Minister Naoto Kan that in recent months his popularity goes down. This is the second time Japan's debt rating lowered after last month. Other rating agencies namely Standard & Poor's (S & P) also cut its rating of Japan for the first time since 2002.
At that time Japan's S & P rate loss strategy that will go in an effort to alleviate the amount of government debt. Moody's previously maintains outlook "stable" with a rating of "AA2" which is the third highest ranking of the 19 measurement scale debt rating.
"(Decrease) rating is the action of growing attention on economic and fiscal policies are not strong enough from the government, including targets to reduce the deficit. Japan currently has a debt above the level of other developed countries," said Moody's said in a statement quoted by AFP, Tuesday (02/22/2011).
Just to note, the current debt on the world's largest industrialized countries it reaches 200 percent of gross domestic product (GDP) after the government pumped trillions of yen into the economy to help the ailing economy as the global financial crisis. However, rapid population aging and the deflation that continues to happen, making Japan's economy remains weak so that the policy makers to prevent discharge of the loan. (GoFinance)
::When the Indonesian Stock Exchange Mergers, Depending Government>>
Go Finance Reporting in Jakarta - Indonesia Stock Exchange is not allowed to merge with another country because stock refers to the Act (Act), the Indonesian Capital Market.
"Exchange our mutual corporate form. In terms of the stock owned by members of the exchanges. So, not possible to do a merger," said President Director of Indonesia Stock Exchange (IDX) Ito Warsito, when met in the Socialization of Bapepam-LK No. VD 3, VD4, and VD5, at the Ritz Carlton, PP, Sudirman, Jakarta, Tuesday (02/22/2011).
He added that a merger is a stock exchange which have had a repair only, where anyone can become a shareholder, not necessarily members of the exchange or broker.
"If the future for Indonesia's stock exchange will be merged or not, it depends on the government, because the Act is the government authority to determine what the future policy,"said Ito.
Earlier, the stock merger trend that is currently being conducted several securities exchanges in the world is not considered a threat to Indonesia's capital market.
Chairman of Bapepam-LK Nurhaida reveal if the merger would be in line with the needs of each country. Indonesia was considered not necessary to merge with other exchanges. (GoFinance)
"Exchange our mutual corporate form. In terms of the stock owned by members of the exchanges. So, not possible to do a merger," said President Director of Indonesia Stock Exchange (IDX) Ito Warsito, when met in the Socialization of Bapepam-LK No. VD 3, VD4, and VD5, at the Ritz Carlton, PP, Sudirman, Jakarta, Tuesday (02/22/2011).
He added that a merger is a stock exchange which have had a repair only, where anyone can become a shareholder, not necessarily members of the exchange or broker.
"If the future for Indonesia's stock exchange will be merged or not, it depends on the government, because the Act is the government authority to determine what the future policy,"said Ito.
Earlier, the stock merger trend that is currently being conducted several securities exchanges in the world is not considered a threat to Indonesia's capital market.
Chairman of Bapepam-LK Nurhaida reveal if the merger would be in line with the needs of each country. Indonesia was considered not necessary to merge with other exchanges. (GoFinance)
::Global Exchange Mergers, Not Threat For RI>>
Go Finance Reporting in Jakarta - Trends in the stock merger that is currently being conducted several securities exchanges in the world is not considered a threat to Indonesia's capital market.
Chairman of Bapepam-LK Nurhaida reveal if the merger would be in line with the needs of each country. Indonesia was considered not necessary to merge with other exchanges.
This is be published, when met in the Socialization of Bappepam-LK VD3, VD4, and VD5, at the Ritz Carlton, PP, Sudirman, Jakarta, Tuesday (02/22/2011).
"If today we see no need, there are still many domestic agenda that we need to do, such as improvement and development in the stock. That we do everything together. Exchange also has a program with members of existing exchanges, and exchanges also see what developments there at global, also doing some development. It is expected that the stock could be strong, "explained Nurhaida.
Needs a merger between the exchanges in this world, he added, more visits to the needs and expand the market in terms of demand and supply.
"There may be some regional exchanges experienced stagnant and find a solution to resolve it by way of merger. We see several years into the future, if yes we do need a merger, but for now maybe not," he concluded. (GoFinance)
Chairman of Bapepam-LK Nurhaida reveal if the merger would be in line with the needs of each country. Indonesia was considered not necessary to merge with other exchanges.
This is be published, when met in the Socialization of Bappepam-LK VD3, VD4, and VD5, at the Ritz Carlton, PP, Sudirman, Jakarta, Tuesday (02/22/2011).
"If today we see no need, there are still many domestic agenda that we need to do, such as improvement and development in the stock. That we do everything together. Exchange also has a program with members of existing exchanges, and exchanges also see what developments there at global, also doing some development. It is expected that the stock could be strong, "explained Nurhaida.
Needs a merger between the exchanges in this world, he added, more visits to the needs and expand the market in terms of demand and supply.
"There may be some regional exchanges experienced stagnant and find a solution to resolve it by way of merger. We see several years into the future, if yes we do need a merger, but for now maybe not," he concluded. (GoFinance)
Sunday, February 20, 2011
::BI Optimistic in 2011 Bad Debt Levels Will Down!>>
Go Finance Reporting in Padalarang - Bank Indonesia believes non-performing loans (non-performing loans / NPL) in 2011 banks will continue to fall from the previous year or at least does not increase because the risk managment banking capability is now very good.
"We're confident because of risk management, the ability of banks is now very good. So they can give a better assessment in lending. So that is reflected from a year ago, a good credit expansion with low NPL. It is thanks to the application of risk management better than the banks, "said researcher Main Directorate of Banking Research and Regulation workshop BI Suhaedi in economics reporter at Mason Pine Hotel, Bandung, on Saturday (02/19/2010).
He said BI also expects a change of the structure of these loans so that loans for investment and working capital to increase and support sustainable economic growth.
"We expect in the future there is a change from the structure of these loans, so loans for investment and working capital will increase. This concern shared between the BI and banking in order to support sustainable economic development, which means that the productive sector efforts to produce goods and services directly , "he added.
He said BI also will continue to maintain and pursue these NPLs to stay awake and not increased so that credit can be developed with selectivity.
"Yes we are seeking so that the NPL remain in conditions such as, say will not increase. So developing credit and selectivity and a better appraisal, credit growth, it remained well-managed," he added. (GoFinance)
"We're confident because of risk management, the ability of banks is now very good. So they can give a better assessment in lending. So that is reflected from a year ago, a good credit expansion with low NPL. It is thanks to the application of risk management better than the banks, "said researcher Main Directorate of Banking Research and Regulation workshop BI Suhaedi in economics reporter at Mason Pine Hotel, Bandung, on Saturday (02/19/2010).
He said BI also expects a change of the structure of these loans so that loans for investment and working capital to increase and support sustainable economic growth.
"We expect in the future there is a change from the structure of these loans, so loans for investment and working capital will increase. This concern shared between the BI and banking in order to support sustainable economic development, which means that the productive sector efforts to produce goods and services directly , "he added.
He said BI also will continue to maintain and pursue these NPLs to stay awake and not increased so that credit can be developed with selectivity.
"Yes we are seeking so that the NPL remain in conditions such as, say will not increase. So developing credit and selectivity and a better appraisal, credit growth, it remained well-managed," he added. (GoFinance)
::China Trigger Debate at Meeting of G20>>
Go Finance Reporting in Paris - Member of the G-20 continues to press China to reach agreement in the economic indicators that will be used to evaluate and address the economic imbalances that occur today.
As reported by the AFP on Sunday (02/20/2011), French Economy Minister Christine Lagarde suggested that the discussion leader of this agreement marks the first step to fix this problem, thus the global economy could grow more balanced and lead to prosperity.
Lagarde added there has been a long debate about the discussion of this indicator because China is so sensitive on the issue of currency policy and trade balance. "It's not simple," said Lagarde.
A series of indicators are under consideration to measure the imbalances within and between countries, and which will form the basis for economic policy recommendations for states to avoid a repeat of problems at the heart of the financial crisis in 2008.
Within easy reach agreement on an internal indicator of the public deficit and public debt, plus personal savings rates and debt. (GoFinance)
As reported by the AFP on Sunday (02/20/2011), French Economy Minister Christine Lagarde suggested that the discussion leader of this agreement marks the first step to fix this problem, thus the global economy could grow more balanced and lead to prosperity.
Lagarde added there has been a long debate about the discussion of this indicator because China is so sensitive on the issue of currency policy and trade balance. "It's not simple," said Lagarde.
A series of indicators are under consideration to measure the imbalances within and between countries, and which will form the basis for economic policy recommendations for states to avoid a repeat of problems at the heart of the financial crisis in 2008.
Within easy reach agreement on an internal indicator of the public deficit and public debt, plus personal savings rates and debt. (GoFinance)
Friday, February 18, 2011
::The Heat Middle East, in Asia Penetrating Oil USD86/Barel >>
Go Finance Reporting in Singapore - Crude oil prices in the spot market in Asia began to survive USD86 per barrel level affected by the protests that accompanied the violence in some Middle East countries. This is what is feared by investors that a prolonged protest that would disrupt crude supplies.
As quoted by the Associated Press (AP), Friday (02/18/2011), price of crude oil for March delivery was down 18 cents to the position of USD86, 18 per barrel.
A number of large-scale demostransi action in the Middle East of which occur in Bahrain that killed five demonstrators and wounded more than 200 other people. Bahrain is not a major oil producing countries, but Bahrain is a place of strategic importance for the United States.
In addition to Bahrain, a similar incident also occurred in Iran, Algeria, Jordan, and Libya after triggered by the action happens Tunisia and Egypt. Iran itself is the fourth largest oil producer in the world and Libya are also important suppliers of crude oil in the region.
In London, Brent crude for April delivery rose six cents to USD102, 65 per barrel on the ICE Futures exchange. Some investors are likely to consider Brent oil which was considered more representative of events in Asia and the Middle East, while traditional oil benchmark, West Texas intermediary, today is more influenced by U.S. crude inventories and sluggish demand.
"Brent market remains a more important gauge of the strength of Asian demand and geopolitical risk premium associated with civilians development flourished in the Middle East," said Ritterbusch and Associates report.
In other Nymex trading in the contract of March, heating oil was steady at $ 2, 73 per gallon and gasoline held at $ 2, 53 per gallon. Natural gas futures fell 0.4 cents to $ 3, 86 per 1,000 cubic feet. (GoFinance)
As quoted by the Associated Press (AP), Friday (02/18/2011), price of crude oil for March delivery was down 18 cents to the position of USD86, 18 per barrel.
A number of large-scale demostransi action in the Middle East of which occur in Bahrain that killed five demonstrators and wounded more than 200 other people. Bahrain is not a major oil producing countries, but Bahrain is a place of strategic importance for the United States.
In addition to Bahrain, a similar incident also occurred in Iran, Algeria, Jordan, and Libya after triggered by the action happens Tunisia and Egypt. Iran itself is the fourth largest oil producer in the world and Libya are also important suppliers of crude oil in the region.
In London, Brent crude for April delivery rose six cents to USD102, 65 per barrel on the ICE Futures exchange. Some investors are likely to consider Brent oil which was considered more representative of events in Asia and the Middle East, while traditional oil benchmark, West Texas intermediary, today is more influenced by U.S. crude inventories and sluggish demand.
"Brent market remains a more important gauge of the strength of Asian demand and geopolitical risk premium associated with civilians development flourished in the Middle East," said Ritterbusch and Associates report.
In other Nymex trading in the contract of March, heating oil was steady at $ 2, 73 per gallon and gasoline held at $ 2, 53 per gallon. Natural gas futures fell 0.4 cents to $ 3, 86 per 1,000 cubic feet. (GoFinance)
::Technology Sector Pull Wall Street >>
Go Finance Reporting in New York - The existence of negative economic news in the United States (U.S.) appeared to make investors ketiban fortune. Because this is a place for them to buy shares and become the market leader.
This also makes the shares on Wall Street shot though not too high. Where the average Dow Jones Industrial (DJI) rose 29.97 points, or 0.24 percent to 12318.14.
While the broad Standard & Poor's 500 (SPX) edged up 4.11 points, or 0.31 percent to 1.340.43. While the Nasdaq Composite Index (IXIC) added 6.02 points, or 0.21 percent to 2831.58.
Reported by Reuters on Friday (02/18/2011), showed his strength in the technology sector where the company Nvidia Corp. (NVDA) rose to 9.8 per cent to USD25, 68 a day after a post processor which estimates sales revenue would be bullish. Semiconductor stock index (SOX) rose 1.4 percent and 21.3 percent recorded raced since early December.
While the S & P energy sector (GSPE) rose 0.8 percent, as crude futures in the U.S. jumped 1.7 percent, the impact of the unrest in the Middle East that disrupts the supply thus increasing the shares of energy companies.
"People have focused on positive things like the company's prospects and good earnings season," said a money manager at Chase Investment Counsel in Charlottesville, Virginia, Brian Lazorishak. (GoFinance)
This also makes the shares on Wall Street shot though not too high. Where the average Dow Jones Industrial (DJI) rose 29.97 points, or 0.24 percent to 12318.14.
While the broad Standard & Poor's 500 (SPX) edged up 4.11 points, or 0.31 percent to 1.340.43. While the Nasdaq Composite Index (IXIC) added 6.02 points, or 0.21 percent to 2831.58.
Reported by Reuters on Friday (02/18/2011), showed his strength in the technology sector where the company Nvidia Corp. (NVDA) rose to 9.8 per cent to USD25, 68 a day after a post processor which estimates sales revenue would be bullish. Semiconductor stock index (SOX) rose 1.4 percent and 21.3 percent recorded raced since early December.
While the S & P energy sector (GSPE) rose 0.8 percent, as crude futures in the U.S. jumped 1.7 percent, the impact of the unrest in the Middle East that disrupts the supply thus increasing the shares of energy companies.
"People have focused on positive things like the company's prospects and good earnings season," said a money manager at Chase Investment Counsel in Charlottesville, Virginia, Brian Lazorishak. (GoFinance)
::Weekends, Rupiah Safe at Level Rp8.852 >>
Go Finance Reporting in Jakarta - The rupiah movement this afternoon closed a bright cheerful. In line with the movement of the Composite Index (IHSG), which skyrocketed, the exchange rate of the country is secure in the range of Rp8.852 per USD.
Based on the exchange rate of Bank Indonesia (BI), Friday (02/18/2011), at the level Rp8.858 rupiah per U.S. dollar. While based on yahoofinance, the rupiah was comfortable in Rp8.852, 5 per USD with a daily range-Rp8.872 Rp8.837 per USD.
While the movement of the euro against the U.S. dollar weakened and is in the position of 1.3574, and the U.S. dollar against the Japanese yen strengthened to a record 83.45.
Previously, the rupiah movement today was predicted to be stronger where the rupiah will reach a new equilibrium level of per USD Rp8.800 which is likely still will last long enough to help reduce inflationary pressures.
In addition, foreign selling pressure continued in the Indonesian stock market despite Composite Stock Price Index (IHSG) closed up 0.02 points to 3416.78 thin. Meanwhile, WTI crude oil prices slightly rose to USD84, 99 per barrel. (GoFinance)
Based on the exchange rate of Bank Indonesia (BI), Friday (02/18/2011), at the level Rp8.858 rupiah per U.S. dollar. While based on yahoofinance, the rupiah was comfortable in Rp8.852, 5 per USD with a daily range-Rp8.872 Rp8.837 per USD.
While the movement of the euro against the U.S. dollar weakened and is in the position of 1.3574, and the U.S. dollar against the Japanese yen strengthened to a record 83.45.
Previously, the rupiah movement today was predicted to be stronger where the rupiah will reach a new equilibrium level of per USD Rp8.800 which is likely still will last long enough to help reduce inflationary pressures.
In addition, foreign selling pressure continued in the Indonesian stock market despite Composite Stock Price Index (IHSG) closed up 0.02 points to 3416.78 thin. Meanwhile, WTI crude oil prices slightly rose to USD84, 99 per barrel. (GoFinance)
::IHSG Weekend Parking in 3500 >>
Go Finance Reporting Jakarta - Composite Stock Price Index (IHSG) has finally been able to maintain gains in trading this weekend by scoring 66 points and parking at the psychological level of 3,500. Fresh Wind regional exchanges still evoke the confidence of investors in this weekend.
IHSG, on Friday (02/18/2011) evening closed rose 66.14 points, or 3500.52. LQ45 Index rose 14.57 points to 619.2 and the Jakarta Islamic Index (JII) participate strengthened to 10.88 points to 500.07.
The value of transactions today fairly lively with penetrating Rp6, 018 trillion with a transaction volume amounted to 4.006 billion shares. As many as 168 stocks advanced, 59 stocks fell and 78 stocks remained unchanged in price. Foreign investors take action with the net buying the entire stock reached Rp555, 109 billion.
Asian stocks continued to trust him on this weekend trade. Nikkei 225 index still rose 6.16 points, or 0.06 percent to 10,842.8, followed by Straits Times rose 4.17 points, or 0.15 percent to 3087.54 and the Hang Seng which kept rising up to 293.4 points, or 1 , 26 per cent to 23595.24.
Meanwhile, the stock would start trading in Europe this weekend with the move in both directions. The FTSE 100 index up 15.07 points, or sinkhole 0.24 percent to 6072.49 followed by the DAX is down 6.73 points, or 0.1 percent, to 7398.48. However, the CAC 40 rose still thin 2.59 points, or 0.06 percent to 4154.9.
The mining sector is still leading the reinforcement index, scoring 43.26 points, followed by consumer sector which rose 32.72 points and the plantation sector rose 28.38 points.
Stocks that move strengthened (Top gainers), of which PT Gudang Garam Tbk (GGRM) rose Rp2.300 to Rp35.750, PT Astra International Tbk (ASII) rose Rp2.000 to Rp53.000, and PT Bayan Resources Tbk (ITMG) rose Rp850 to Rp47.200.
Meanwhile, stocks that move down (top lossers) of which PT Shoe Bata Tbk (BATA) down Rp1.500 to Rp66.000, Multibreeder PT Tbk (MBAI) down Rp350 to Rp11.600, and PT Bayan Resources Tbk (BYAN) down 100 to Rp18.000. (GoFinance)
IHSG, on Friday (02/18/2011) evening closed rose 66.14 points, or 3500.52. LQ45 Index rose 14.57 points to 619.2 and the Jakarta Islamic Index (JII) participate strengthened to 10.88 points to 500.07.
The value of transactions today fairly lively with penetrating Rp6, 018 trillion with a transaction volume amounted to 4.006 billion shares. As many as 168 stocks advanced, 59 stocks fell and 78 stocks remained unchanged in price. Foreign investors take action with the net buying the entire stock reached Rp555, 109 billion.
Asian stocks continued to trust him on this weekend trade. Nikkei 225 index still rose 6.16 points, or 0.06 percent to 10,842.8, followed by Straits Times rose 4.17 points, or 0.15 percent to 3087.54 and the Hang Seng which kept rising up to 293.4 points, or 1 , 26 per cent to 23595.24.
Meanwhile, the stock would start trading in Europe this weekend with the move in both directions. The FTSE 100 index up 15.07 points, or sinkhole 0.24 percent to 6072.49 followed by the DAX is down 6.73 points, or 0.1 percent, to 7398.48. However, the CAC 40 rose still thin 2.59 points, or 0.06 percent to 4154.9.
The mining sector is still leading the reinforcement index, scoring 43.26 points, followed by consumer sector which rose 32.72 points and the plantation sector rose 28.38 points.
Stocks that move strengthened (Top gainers), of which PT Gudang Garam Tbk (GGRM) rose Rp2.300 to Rp35.750, PT Astra International Tbk (ASII) rose Rp2.000 to Rp53.000, and PT Bayan Resources Tbk (ITMG) rose Rp850 to Rp47.200.
Meanwhile, stocks that move down (top lossers) of which PT Shoe Bata Tbk (BATA) down Rp1.500 to Rp66.000, Multibreeder PT Tbk (MBAI) down Rp350 to Rp11.600, and PT Bayan Resources Tbk (BYAN) down 100 to Rp18.000. (GoFinance)
::Commodity Stocks Drag IHSG Stronger 60 pts >>
Go Finance Reporting in Jakarta - Composite Stock Price Index (IHSG) went more confident in trading this weekend. Fresh winds from the regional exchanges as well as the rampant trade in seed stocks join JCI shot lead to 60 points.
IHSG, on Friday (02/18/2011) session I closed up 60.51 points, or 1.8 percent, to 3494.89. LQ45 Index rose 13.21 points to 617.84 and the Jakarta Islamic Index (JII) rose 10.42 points to 499.61.
Value of transactions until this afternoon to Rp2, 64 trillion with a transaction volume amounted to 1.917 billion shares. As many as 148 stocks advanced, 51 stocks fell, and 76 stocks remained unchanged in price. Foreign investors are still positive action with the net buying reached Rp276, 165 billion.
Asian stocks more confident step in the green belt. Nikkei 225 Index rose 12.49 points, or 0.12 percent to 10,849.13, followed by Strait Times gained 24.79 points, or 0.8 percent, to 3108.51 and the Hang Seng which soared 257.64 points, or 1.11 percent to 23559.48.
Sectors crutch walking compact index in the positive zone led by the mining sector which rose 48.79 points, followed by the plantation sector, which rose 45.23 points and the consumption sector rose 21.59 points.
Stocks that move strengthened (Top gainers) include PT Astra International Tbk (ASII) rose Rp2.000 to Rp53.000, PT Bayan Resources Tbk (ITMG) rose Rp1.100 to Rp47.450, and PT Gudang Garam Tbk (GGRM) rose 650 to Rp34.100.
Meanwhile, stocks that move down (top lossers) of which Multibreeder PT Tbk (MBAI) down Rp850 to Rp11.100, PT Perusahaan Gas Negara Tbk (PGAS) dropped 75 to Rp3.900, and PT Bayan Resources Tbk (BYAN) down 50 to Rp18.050. (GoFinance)
IHSG, on Friday (02/18/2011) session I closed up 60.51 points, or 1.8 percent, to 3494.89. LQ45 Index rose 13.21 points to 617.84 and the Jakarta Islamic Index (JII) rose 10.42 points to 499.61.
Value of transactions until this afternoon to Rp2, 64 trillion with a transaction volume amounted to 1.917 billion shares. As many as 148 stocks advanced, 51 stocks fell, and 76 stocks remained unchanged in price. Foreign investors are still positive action with the net buying reached Rp276, 165 billion.
Asian stocks more confident step in the green belt. Nikkei 225 Index rose 12.49 points, or 0.12 percent to 10,849.13, followed by Strait Times gained 24.79 points, or 0.8 percent, to 3108.51 and the Hang Seng which soared 257.64 points, or 1.11 percent to 23559.48.
Sectors crutch walking compact index in the positive zone led by the mining sector which rose 48.79 points, followed by the plantation sector, which rose 45.23 points and the consumption sector rose 21.59 points.
Stocks that move strengthened (Top gainers) include PT Astra International Tbk (ASII) rose Rp2.000 to Rp53.000, PT Bayan Resources Tbk (ITMG) rose Rp1.100 to Rp47.450, and PT Gudang Garam Tbk (GGRM) rose 650 to Rp34.100.
Meanwhile, stocks that move down (top lossers) of which Multibreeder PT Tbk (MBAI) down Rp850 to Rp11.100, PT Perusahaan Gas Negara Tbk (PGAS) dropped 75 to Rp3.900, and PT Bayan Resources Tbk (BYAN) down 50 to Rp18.050. (GoFinance)
Thursday, February 17, 2011
::January, the China Foreign Investment Increases 23%>>
Go Finance Reporting in Beijing - China's direct foreign investment in January, grew 23 percent over the previous year amid government efforts to curb liquidity and control inflation.
Data released by China's Commerce Ministry said yesterday, in the first months of 2011, the value of foreign investment reached USD10 Panda Affairs, 03 billion or approximately Rp102, 7 billion. However, this number is lower than in December 2010 that reached $ 14, 03 billion, growing 15.6 percent.
These data illustrate continued flow of foreign funds into China after being slowed down in August last year as efforts to prevent economic overheating. Throughout 2010, foreign direct investment China reached USD105, 7 billion or grew 17.4 percent compared to 2009.
"The biggest share of foreign investment into China is in the property sector are booming," said Chinese Commerce Ministry spokesman Yao Jian was quoted as saying by AFP on Thursday (02/17/2011).
The measurement of foreign direct investment in China includes the manufacturing sector, real estate, services and agriculture. But do not include deposits in banks and other financial institutions.
Analysts said the strong growth of investment in the country with the world's second largest economy was expected due to the stronger yuan exchange rate. These conditions used the investors in the hope of getting a worthwhile return in the future.
The local government is already anticipating a surge in foreign funds suspected to affect the rising food and housing. Beijing does not want inflation continues to strengthen because it could trigger keresaham community.
Known, Tuesday, February 15 and then the government announces that China's inflation rate in January was 4.9 percent level and is considered still too high. (GoFinance)
Data released by China's Commerce Ministry said yesterday, in the first months of 2011, the value of foreign investment reached USD10 Panda Affairs, 03 billion or approximately Rp102, 7 billion. However, this number is lower than in December 2010 that reached $ 14, 03 billion, growing 15.6 percent.
These data illustrate continued flow of foreign funds into China after being slowed down in August last year as efforts to prevent economic overheating. Throughout 2010, foreign direct investment China reached USD105, 7 billion or grew 17.4 percent compared to 2009.
"The biggest share of foreign investment into China is in the property sector are booming," said Chinese Commerce Ministry spokesman Yao Jian was quoted as saying by AFP on Thursday (02/17/2011).
The measurement of foreign direct investment in China includes the manufacturing sector, real estate, services and agriculture. But do not include deposits in banks and other financial institutions.
Analysts said the strong growth of investment in the country with the world's second largest economy was expected due to the stronger yuan exchange rate. These conditions used the investors in the hope of getting a worthwhile return in the future.
The local government is already anticipating a surge in foreign funds suspected to affect the rising food and housing. Beijing does not want inflation continues to strengthen because it could trigger keresaham community.
Known, Tuesday, February 15 and then the government announces that China's inflation rate in January was 4.9 percent level and is considered still too high. (GoFinance)
::China Property Price Change Measurement Index>>
Go Finance Reporting in Shanghai - The Chinese government will stop the excessive housing products after the publication of national property index in that country continued to strengthen and make the anger of their citizens.
In addition, China also plans to replace the benchmark index of properties with two new indicators. Anticipate the upward trend in housing prices, China's National Statistics Bureau (NBS) has summarized the two new index to measure a second home sales that began in January.
According to NBS, the new index will replace the previous indices are routinely released every month. The index includes indicators of housing prices in 70 major cities.
"The first data on which the new system of measurement harag home will be released on Friday (today)," NBS said, quoted by AFP on Thursday (02/17/2011).
This announcement just a few days ago after the government earlier this week released the consumer price index is an indicator of inflation.
But the plan was considered by economists as a diversion of attention and only temporary. Economics professor from the China-Europe International Business School Xu Xiaonian states, new housing index is like a thermometer scale change that would be used to heat ill patients.
"Users thermometer will then say that their patients no longer need to take medicine for fever. The result is then responded well by the family that the illness (heat) had healed," Xu said in his blog.
In fact, the NBS claims, housing sales data methodology will help consumers and policy makers better understand the changes in prices in their cities. The new method aims to describe the differences in regional conditions because the data comes from local governments and real estate agents rather than sample surveys.
Earlier, China's national property price index has been criticized for the level of asset bubbles shrink in the big city. Last December, the property price index rose 6.4 percent, although Beijing has melalkukan various measures to reduce speculation and price controls.
One of them by raising the amount of advance payment is higher and prohibit the purchase of second homes and third in some cities. (GoFinance)
In addition, China also plans to replace the benchmark index of properties with two new indicators. Anticipate the upward trend in housing prices, China's National Statistics Bureau (NBS) has summarized the two new index to measure a second home sales that began in January.
According to NBS, the new index will replace the previous indices are routinely released every month. The index includes indicators of housing prices in 70 major cities.
"The first data on which the new system of measurement harag home will be released on Friday (today)," NBS said, quoted by AFP on Thursday (02/17/2011).
This announcement just a few days ago after the government earlier this week released the consumer price index is an indicator of inflation.
But the plan was considered by economists as a diversion of attention and only temporary. Economics professor from the China-Europe International Business School Xu Xiaonian states, new housing index is like a thermometer scale change that would be used to heat ill patients.
"Users thermometer will then say that their patients no longer need to take medicine for fever. The result is then responded well by the family that the illness (heat) had healed," Xu said in his blog.
In fact, the NBS claims, housing sales data methodology will help consumers and policy makers better understand the changes in prices in their cities. The new method aims to describe the differences in regional conditions because the data comes from local governments and real estate agents rather than sample surveys.
Earlier, China's national property price index has been criticized for the level of asset bubbles shrink in the big city. Last December, the property price index rose 6.4 percent, although Beijing has melalkukan various measures to reduce speculation and price controls.
One of them by raising the amount of advance payment is higher and prohibit the purchase of second homes and third in some cities. (GoFinance)
::Middle East Oil Prices Back Ready to Heat>>
Go Finance Reporting in Singapore - Oil prices in Asia are still in the range of USD85 per barrel overshadowed by continuing investor concerns about political turmoil in the Middle East that could disrupt world oil supplies.
As quoted by the Associated Press (AP), Thursday (02/17/2011), price of crude oil for March delivery rose four cents to the position of USD85, 03 per barrel in electronic trading on the New York Mercantile Exchange (Nymex) at noon Singapore time . Meanwhile, in London, Brent crude for April delivery has skyrocketed to 20 cents to the position of USD103, 98 per barrel on the ICE Futures exchange.
Massive demonstrations in Tunisia and Egypt to overthrow the ruler in the country has sparked a number of similar action in Iran, Algeria, Jordan, Bahrain, and Libya. It certainly is making investors wary attitude. The reason, Iran is the fourth largest producer in the world, while Algeria and Libya also an important crude oil supplier countries in the world.
In other Nymex trading in the contract of March, heating oil was steady at $ 2, 77 per gallon and gasoline rose 0.3 cents to $ 2, 55 per gallon. Natural gas futures rose 1.3 cents to $ 3, 93 per 1,000 cubic feet. (GoFinance)
As quoted by the Associated Press (AP), Thursday (02/17/2011), price of crude oil for March delivery rose four cents to the position of USD85, 03 per barrel in electronic trading on the New York Mercantile Exchange (Nymex) at noon Singapore time . Meanwhile, in London, Brent crude for April delivery has skyrocketed to 20 cents to the position of USD103, 98 per barrel on the ICE Futures exchange.
Massive demonstrations in Tunisia and Egypt to overthrow the ruler in the country has sparked a number of similar action in Iran, Algeria, Jordan, Bahrain, and Libya. It certainly is making investors wary attitude. The reason, Iran is the fourth largest producer in the world, while Algeria and Libya also an important crude oil supplier countries in the world.
In other Nymex trading in the contract of March, heating oil was steady at $ 2, 77 per gallon and gasoline rose 0.3 cents to $ 2, 55 per gallon. Natural gas futures rose 1.3 cents to $ 3, 93 per 1,000 cubic feet. (GoFinance)
::Singapore Economy Grows 12%>>
Go Finance Reporting in Singapore - Singapore's economy grew Viewing up to 12 percent in the fourth quarter of last year because of global demand for its exports have recovered.
As reported by the Associated Press (AP), Thursday (02/17/2011), the Department of Trade and Industry said that Singapore's gross domestic product (GDP) increased by 12 percent in the fourth quarter of last year. Meanwhile, if compared with the third quarter, its SDF grew 10.5 percent.
A report last month pendahuluam also mentioned the country's GDP grew 12.5 percent last quarter.
The State Department says ekonominmya grow as usual, ie, 3.9 percent in the fourth quarter. The ministry also did not change the economic growth forecast for this year between four percent and six percent. (GoFinance)
As reported by the Associated Press (AP), Thursday (02/17/2011), the Department of Trade and Industry said that Singapore's gross domestic product (GDP) increased by 12 percent in the fourth quarter of last year. Meanwhile, if compared with the third quarter, its SDF grew 10.5 percent.
A report last month pendahuluam also mentioned the country's GDP grew 12.5 percent last quarter.
The State Department says ekonominmya grow as usual, ie, 3.9 percent in the fourth quarter. The ministry also did not change the economic growth forecast for this year between four percent and six percent. (GoFinance)
::Must IHSG Satisfied Closed Up 17 Points >>
Go Finance Reporting Jakarta - Composite Stock Price Index (IHSG) continues to maintain the positive results in trading today with managed to score 17 points. Fresh winds from the stock exchange global and regiobal still bring a positive aura of confidence of investors on the trading floor.
IHSG, on Thursday (02/17/2011) evening closed rose 17.6 points or 0.5 percent, to 3434.38. LQ45 index rose 3.96 points to 604.63 and the Jakarta Islamic Index (JII) rose 5.43 points to 489.19.
The value of transactions today reached Rp4, 003 trillion with a transaction volume amounted to 3.133 billion shares. A total of 121 stocks advanced, 90 stocks fell, and 95 stocks remained unchanged in price. Action Foreign investors still fairly positive with net buying of Rp114, 378 billion.
Although still moving in both directions, but the strengthening of Asian stocks still dominate the movement. Nikkei 225 Index rose 28.35 points, or 0.26 percent, to 10,836.64, followed by the Hang Seng which rose to 144.87 points, or 0.63 percent, to 23301.84. Meanwhile, the Straits Times was 'faithful' in the negative zone with down 7.6 points, or 0.25 percent, to 3087.12.
Meanwhile, European bourses were mixed in early trade moves but with strengthening dominated. The FTSE 100 index edged up 3.97 points, or 0.07 percent, to 6089.24, the CAC 40 rose 2.46 points, or 0.06 percent to 4153.72 and the DAX rose 5.17 points, or 0.07 percent, to 7419, 47.
Plantation sector is still weak until 31.34 points, followed sector consumption down 9.2 points. While the mining sector gained 11.95 points and the manufacturing sector rose 9.98 points.
Stocks that move strengthened (Top gainers) include PT Astra International Tbk (ASII) rose Rp1.700 to Rp51.000, PT Bayan Resources Tbk (ITMG) rose Rp1.450 to Rp46.350, and PT Indocement Tunggal Prakasa Tbk (INTP) rose Rp600 to Rp15.050.
Meanwhile, stocks that move down (top lossers) of which PT Gudang Garam Tbk (GGRM) down 650 to Rp33.450, PT Astra Agro Lestari Tbk (AALI) down Rp550 to Rp21.750 and PT London Sumatra Indonesia (LSIP) down 350 to Rp10.550. (GoFinance)
IHSG, on Thursday (02/17/2011) evening closed rose 17.6 points or 0.5 percent, to 3434.38. LQ45 index rose 3.96 points to 604.63 and the Jakarta Islamic Index (JII) rose 5.43 points to 489.19.
The value of transactions today reached Rp4, 003 trillion with a transaction volume amounted to 3.133 billion shares. A total of 121 stocks advanced, 90 stocks fell, and 95 stocks remained unchanged in price. Action Foreign investors still fairly positive with net buying of Rp114, 378 billion.
Although still moving in both directions, but the strengthening of Asian stocks still dominate the movement. Nikkei 225 Index rose 28.35 points, or 0.26 percent, to 10,836.64, followed by the Hang Seng which rose to 144.87 points, or 0.63 percent, to 23301.84. Meanwhile, the Straits Times was 'faithful' in the negative zone with down 7.6 points, or 0.25 percent, to 3087.12.
Meanwhile, European bourses were mixed in early trade moves but with strengthening dominated. The FTSE 100 index edged up 3.97 points, or 0.07 percent, to 6089.24, the CAC 40 rose 2.46 points, or 0.06 percent to 4153.72 and the DAX rose 5.17 points, or 0.07 percent, to 7419, 47.
Plantation sector is still weak until 31.34 points, followed sector consumption down 9.2 points. While the mining sector gained 11.95 points and the manufacturing sector rose 9.98 points.
Stocks that move strengthened (Top gainers) include PT Astra International Tbk (ASII) rose Rp1.700 to Rp51.000, PT Bayan Resources Tbk (ITMG) rose Rp1.450 to Rp46.350, and PT Indocement Tunggal Prakasa Tbk (INTP) rose Rp600 to Rp15.050.
Meanwhile, stocks that move down (top lossers) of which PT Gudang Garam Tbk (GGRM) down 650 to Rp33.450, PT Astra Agro Lestari Tbk (AALI) down Rp550 to Rp21.750 and PT London Sumatra Indonesia (LSIP) down 350 to Rp10.550. (GoFinance)
Tuesday, February 15, 2011
::Obama Prepare 2 Weapons Press Deficit 2013>>
Go Finance Reporting in Washington - President Barack Obama has pledged to reduce the two things that lead to deficits the United States (U.S.) by 2013. Two things are spending cuts and tax increases up to $ 1, 1 trillion. Obama called it a "down payment" of fiscal control.
As quoted by Reuters on Tuesday (/02/152011), Obama said the plan would balance the deficit reduction and investment growth.
"What we're doing here is making advances, but we will work even more, especially Democrats and Republicans who will together make it happen," said Obama.
However, Obama's plan is drawn protests from some quarters. There are accusing Obama as a tax scraper which depletes to party supporters, Democrats.
The budget for investment that will be provided in areas such as construction of railway track at high speed, Internet broadband, and energy efficiency research. These votes will hurt poor people who need help for specific programs.
Obama noted that the budget proposal for fiscal year 2012 approximately $ 3, 729 trillion, which means experiencing a very rapid increase in the deficit over the previous year, 2011 is approximately USD1, 645 trillion. Furthermore, a drastic decrease up to USD1.101 billion for the year 2012.
This trend will cut the deficit in part of the U.S. economy to 3.2 percent in 2015 from 10.9 percent in this year. And Obama's promise to the 20 partners that divides the two deficit in 2013.
Two-thirds of USD1.2 trillion comes from spending cuts. The rest comes from a higher opinion as evidence of U.S. growth continues to take the step of increasing taxes. The President will seek additional approximately USD328 billion through various measures including policies to end tax breaks for big business on the income earned abroad. (GoFinance)
As quoted by Reuters on Tuesday (/02/152011), Obama said the plan would balance the deficit reduction and investment growth.
"What we're doing here is making advances, but we will work even more, especially Democrats and Republicans who will together make it happen," said Obama.
However, Obama's plan is drawn protests from some quarters. There are accusing Obama as a tax scraper which depletes to party supporters, Democrats.
The budget for investment that will be provided in areas such as construction of railway track at high speed, Internet broadband, and energy efficiency research. These votes will hurt poor people who need help for specific programs.
Obama noted that the budget proposal for fiscal year 2012 approximately $ 3, 729 trillion, which means experiencing a very rapid increase in the deficit over the previous year, 2011 is approximately USD1, 645 trillion. Furthermore, a drastic decrease up to USD1.101 billion for the year 2012.
This trend will cut the deficit in part of the U.S. economy to 3.2 percent in 2015 from 10.9 percent in this year. And Obama's promise to the 20 partners that divides the two deficit in 2013.
Two-thirds of USD1.2 trillion comes from spending cuts. The rest comes from a higher opinion as evidence of U.S. growth continues to take the step of increasing taxes. The President will seek additional approximately USD328 billion through various measures including policies to end tax breaks for big business on the income earned abroad. (GoFinance)
::China Inflation January Translucent 4.9% As Food Prices>>
Go Finance Reporting in Beijing - China Inflation January increasingly depressed food prices are increasing. This makes China should balance the cost of living with interest rates, and perform other actions.
Based on the data quoted by the Associated Press (AP), Tuesday (02/15/2011), inflation rate for January was recorded at 4.9 percent driven by rising food prices around 10.3 percent from the previous in December last only approximately 4.6 percent.
Central Bank of China has raised interest rates three times since October last year. Where it is done to cool the faster economic growth and stabilizing inflation.
"The government is currently struggling with all kinds of ways to see the back problems that have occurred previously. In addition, to this very day still have not seen inflation peak," said an economist from Standard Chartered Bank Jinn Yan.
Besides food, there are also political concerns about inflation which is very dangerous for the Chinese government because the resulting economic benefits society undermine and threaten the acceptance of China's communist government. In addition, the result of rising food prices, the poorest families in China have to spend up to half of their income for food.
The government has set a target inflation rate to four percent this year. But analysts expect the private sector will reach six per cent, which will include a sharper increase for food.
China National Statistics Bureau reported on in January, fresh fruit prices jumped approximately 34.8 percent more than the previous year. Meanwhile, the price of eggs has increased approximately 20.2 percent.
Economists say the Chinese government was too slow to respond to China's inflationary pressure after recovering from the global financial crisis in 2008.
In addition, the economic growth that occurred up to 9.8 percent in the last quarter of last year expected to slow this year, but will remain strong where it is supported by high demand for food goods.
Global Source, a supplier company that connects China with foreign customers say if this week based on a survey of 232 Chinese firms found 74 percent of them to raise prices last year, some of which raise the price to 20 percent.
Finally, higher inflation also may lead the government to slow the rise of its currency, the yuan against the U.S. dollar which is to help its exporters to compete. (GoFinance)
Based on the data quoted by the Associated Press (AP), Tuesday (02/15/2011), inflation rate for January was recorded at 4.9 percent driven by rising food prices around 10.3 percent from the previous in December last only approximately 4.6 percent.
Central Bank of China has raised interest rates three times since October last year. Where it is done to cool the faster economic growth and stabilizing inflation.
"The government is currently struggling with all kinds of ways to see the back problems that have occurred previously. In addition, to this very day still have not seen inflation peak," said an economist from Standard Chartered Bank Jinn Yan.
Besides food, there are also political concerns about inflation which is very dangerous for the Chinese government because the resulting economic benefits society undermine and threaten the acceptance of China's communist government. In addition, the result of rising food prices, the poorest families in China have to spend up to half of their income for food.
The government has set a target inflation rate to four percent this year. But analysts expect the private sector will reach six per cent, which will include a sharper increase for food.
China National Statistics Bureau reported on in January, fresh fruit prices jumped approximately 34.8 percent more than the previous year. Meanwhile, the price of eggs has increased approximately 20.2 percent.
Economists say the Chinese government was too slow to respond to China's inflationary pressure after recovering from the global financial crisis in 2008.
In addition, the economic growth that occurred up to 9.8 percent in the last quarter of last year expected to slow this year, but will remain strong where it is supported by high demand for food goods.
Global Source, a supplier company that connects China with foreign customers say if this week based on a survey of 232 Chinese firms found 74 percent of them to raise prices last year, some of which raise the price to 20 percent.
Finally, higher inflation also may lead the government to slow the rise of its currency, the yuan against the U.S. dollar which is to help its exporters to compete. (GoFinance)
::Give Iran a warming signal is Rising Oil Prices>>
Go Finance Reporting in Singapore - a warming political climate in Iran provide a signal rising prices of crude oil. This raises concern investors will be disruption of crude supplies in the Middle East.
As quoted by the Associated Press (AP), Tuesday (02/15/2011), price of crude oil for March delivery there is an increase 35 cents to USD85, 16 per barrel electronically traded New York Mercantile Exchange (Nymex) at noon Singapore time. Earlier on Monday declined to 77 cents to as low as USD84, 81 per barrel.
Meanwhile, in London, Brent crude oil for April delivery rose 37 cents to go back through the level of USD103, 45 per barrel on the ICE Futures exchange.
As we know, Iran is the second largest oil exporter in the Organization of Petroleum Exporting Countries (OPEC) behind Saudi Arabia. So the emergence of conflict in Iran fear it would disrupt world oil supplies.
"Investors have been worried about Algeria and Jordan, Yemen and Arab Gulf states. Meanwhile, by looking at the pro-democracy movement in Iran increasingly made us surprised. Any person into a panic because every country in the Middle East suddenly seem to be in a position it, "said energy consultant Cameron Hanover report.
Other Nymex trading in the March contract also rose, to heating oil rose 0.4 cents to $ 2, 75 per gallon, and gasoline rose 0.8 cents to go into $ 2, 53 per gallon. For natural gas futures declined 1.2 cents to $ 3, 91 per 1000 cubic feet. (GoFinance)
As quoted by the Associated Press (AP), Tuesday (02/15/2011), price of crude oil for March delivery there is an increase 35 cents to USD85, 16 per barrel electronically traded New York Mercantile Exchange (Nymex) at noon Singapore time. Earlier on Monday declined to 77 cents to as low as USD84, 81 per barrel.
Meanwhile, in London, Brent crude oil for April delivery rose 37 cents to go back through the level of USD103, 45 per barrel on the ICE Futures exchange.
As we know, Iran is the second largest oil exporter in the Organization of Petroleum Exporting Countries (OPEC) behind Saudi Arabia. So the emergence of conflict in Iran fear it would disrupt world oil supplies.
"Investors have been worried about Algeria and Jordan, Yemen and Arab Gulf states. Meanwhile, by looking at the pro-democracy movement in Iran increasingly made us surprised. Any person into a panic because every country in the Middle East suddenly seem to be in a position it, "said energy consultant Cameron Hanover report.
Other Nymex trading in the March contract also rose, to heating oil rose 0.4 cents to $ 2, 75 per gallon, and gasoline rose 0.8 cents to go into $ 2, 53 per gallon. For natural gas futures declined 1.2 cents to $ 3, 91 per 1000 cubic feet. (GoFinance)
::Wall Street pushed weakening of Wal Mart>>
Go Finance Reporting in NEW YORK - The Dow Jones go down after Wal-Mart Inc. closed lower after JP Morgan analyst lowered their outlook on Wal Mart. Meanwhile the Standard & Poor's 500 (S & P 500) and the Nasdaq closed slightly higher.
As reported at the site Associated Press (AP), Tuesday (02/15/2011) JP Morgan analysts said the risks faced by the world's largest retailer is the potential loss of subcribers in which low-income customers who will switch to the store that gives more discounts and customer Another would be to switch to other shopping centers are more expensive. Thus, Wal-Mart shares fell 1.6 percent and is the company most vulnerable among 30 other companies supporting the Dow Jones industrial index.
The Dow fell 5.07 points, or less than 0.1 percent, to 12268.19. It is the second time the Dow closed lower in February.
Meanwhile, the broad Standard & Poor's 500 index rose 3.17 points, or 0.2 percent, to 1332.32. The Nasdaq composite index rose 7.74 points, or 0.3 percent, to 2817.18.
Stock markets last week obtained a slight advantage after the resignation of Egyptian President Hosni Mubarak to help push both the Dow and S & P 500 to its highest level since June 2008.
Shares rise more than the shares fell by a small difference in the New York Stock Exchange. Consolidated trading volume was 3.59 billion shares. (GoFinance)
As reported at the site Associated Press (AP), Tuesday (02/15/2011) JP Morgan analysts said the risks faced by the world's largest retailer is the potential loss of subcribers in which low-income customers who will switch to the store that gives more discounts and customer Another would be to switch to other shopping centers are more expensive. Thus, Wal-Mart shares fell 1.6 percent and is the company most vulnerable among 30 other companies supporting the Dow Jones industrial index.
The Dow fell 5.07 points, or less than 0.1 percent, to 12268.19. It is the second time the Dow closed lower in February.
Meanwhile, the broad Standard & Poor's 500 index rose 3.17 points, or 0.2 percent, to 1332.32. The Nasdaq composite index rose 7.74 points, or 0.3 percent, to 2817.18.
Stock markets last week obtained a slight advantage after the resignation of Egyptian President Hosni Mubarak to help push both the Dow and S & P 500 to its highest level since June 2008.
Shares rise more than the shares fell by a small difference in the New York Stock Exchange. Consolidated trading volume was 3.59 billion shares. (GoFinance)
Monday, February 14, 2011
::Trigger Inflation Worries Oil Down to USD85/Barel>>
Go Finance Reporting in Singapore - Crude oil prices in Asian spot market dropped to USD85 per barrel level after the shadows of the higher inflation increasingly worried traders. The signs of the increasingly high prices of some commodities is feared could damage global economic growth.
As quoted by the Associated Press (AP), Monday (02/14/2011) for March delivery in electronic trading on the New York Mercantile Exchange (Nymex) at noon Singapore time.
Meanwhile, in London, Brent crude oil prices again soared 68 cents to USD101, 62 per barrel on the ICE Futures exchange.
Some investors middle of watching the latest inflation data in the United States (U.S.) and retail sales data last week and showed signs that food and fuel prices are higher which is feared could interfere with consumption. Meanwhile, world number two in the country, China, the new inflation figures will be announced on Tuesday.
"A wave of commodity prices is expected to dominate economic releases this week. The increase in food and energy prices have caused some stiffness increase in the level of consumer prices and producer," said Capital Economics report.
Earlier, oil prices had touched the level of USD92 per month before finally falling back on the level of $ 80 per barrel as the easing fears of Egypt's political crisis that would disrupt world oil supplies, especially after President Hosni Mubarak formally resigned last Friday.
Currently, investors have turned their attention to the impact of high oil prices that could threaten inflation.
In other Nymex trading in the contract of March, heating oil rose 1.6 cents to $ 2, 71 per gallon and gasoline rose 2.3 cents to $ 2, 49 per gallon. Natural gas futures fell 2.8 cents to $ 3, 88 per 1,000 cubic feet. (GoFinance)
As quoted by the Associated Press (AP), Monday (02/14/2011) for March delivery in electronic trading on the New York Mercantile Exchange (Nymex) at noon Singapore time.
Meanwhile, in London, Brent crude oil prices again soared 68 cents to USD101, 62 per barrel on the ICE Futures exchange.
Some investors middle of watching the latest inflation data in the United States (U.S.) and retail sales data last week and showed signs that food and fuel prices are higher which is feared could interfere with consumption. Meanwhile, world number two in the country, China, the new inflation figures will be announced on Tuesday.
"A wave of commodity prices is expected to dominate economic releases this week. The increase in food and energy prices have caused some stiffness increase in the level of consumer prices and producer," said Capital Economics report.
Earlier, oil prices had touched the level of USD92 per month before finally falling back on the level of $ 80 per barrel as the easing fears of Egypt's political crisis that would disrupt world oil supplies, especially after President Hosni Mubarak formally resigned last Friday.
Currently, investors have turned their attention to the impact of high oil prices that could threaten inflation.
In other Nymex trading in the contract of March, heating oil rose 1.6 cents to $ 2, 71 per gallon and gasoline rose 2.3 cents to $ 2, 49 per gallon. Natural gas futures fell 2.8 cents to $ 3, 88 per 1,000 cubic feet. (GoFinance)
::China Trade Surplus in January Just $ 6, 5 M>>
Go Finance Reporting in Beijing - China's trade surplus for January 2011 is narrowed sharply to $ 6, 5 billion. This figure is the lowest surplus in the last nine months.
At the Chinese government announcement quoted from the Associated Press (AP), Monday (02/14/2011), China's global trade surplus has fallen to 55 percent over the previous year and so far compared with analysts' estimates. Throughout the last year exports surge 37.7 percent had to position 150, 7 billion while imports exploded 53.5 percent to the position of USD144, 3 billion.
In recent months, China's trade surplus has narrowed because of the rapid growth in demand for imported goods, while export demand even weaker. Some economists say that China's global trade gap should show a rebound this year to USD200 billion.
The Chinese government complained that the rebound is too fast when the crisis came to have sacrificed its trading partners are struggling to support its economic growth.
Meanwhile, criticism about China's yuan currency is undervalued levels mentioned are in fact giving its exporters an unfair advantage but hurting foreign competitors by making their goods become more expensive in China.
However, the government promised that the yuan exchange rate flexibility will begin next June and will increase approximately 3.5 percent against the U.S. dollar since then. The analysis estimates the value of the currency will appreciate Yian approximately five percent this year, but that figure is still relatively small compared to the criticism undervalued Yuan is currently reaching 40 percent.
In addition to criticism against the Yuan, the Chinese government also faced criticism has hindered access to the financial industry that supports the production of solar energy, wind and other renewable energy by closing the supply of foreign parties from projects funded by the government. (GoFinance)
At the Chinese government announcement quoted from the Associated Press (AP), Monday (02/14/2011), China's global trade surplus has fallen to 55 percent over the previous year and so far compared with analysts' estimates. Throughout the last year exports surge 37.7 percent had to position 150, 7 billion while imports exploded 53.5 percent to the position of USD144, 3 billion.
In recent months, China's trade surplus has narrowed because of the rapid growth in demand for imported goods, while export demand even weaker. Some economists say that China's global trade gap should show a rebound this year to USD200 billion.
The Chinese government complained that the rebound is too fast when the crisis came to have sacrificed its trading partners are struggling to support its economic growth.
Meanwhile, criticism about China's yuan currency is undervalued levels mentioned are in fact giving its exporters an unfair advantage but hurting foreign competitors by making their goods become more expensive in China.
However, the government promised that the yuan exchange rate flexibility will begin next June and will increase approximately 3.5 percent against the U.S. dollar since then. The analysis estimates the value of the currency will appreciate Yian approximately five percent this year, but that figure is still relatively small compared to the criticism undervalued Yuan is currently reaching 40 percent.
In addition to criticism against the Yuan, the Chinese government also faced criticism has hindered access to the financial industry that supports the production of solar energy, wind and other renewable energy by closing the supply of foreign parties from projects funded by the government. (GoFinance)
::Middle East Crisis, Gold Prices Stable>>
Go Finance Reporting in Singapore - The price of gold appears to be moving steady decline in post-Hosni Mubarak from his post as president of Egypt. Investors appear to still pay attention to how the continuation of a demonstration in Yemen today.
As quoted by Reuters on Monday (2/14/2011), the price of gold in the spot market moves only thin to USD1.355, 15 per ounce. While in the futures market, gold prices down 0.3 percent to USD1.355, 8.
After the mass protests that succeeded in overthrowing the Egyptian President Hosni Mubarak, hundreds of anti-government protesters clashed with police in Yemen which prevents them from demonstrating in the presidential palace on Sunday.
Egyptian military that controls government and dissolve parliament to keep the constitution on Sunday. But they said it would rule only until the election to replace President Hosni Mubarak, who may only six months.
Political turmoil in the Middle East can provide the leverage to gold prices, but traders said prices may be rangebound as the market has no clear direction.
While the euro weakened against the dollar appears on Monday morning, while the dollar index was the highest level up to three weeks. (GoFinance)
As quoted by Reuters on Monday (2/14/2011), the price of gold in the spot market moves only thin to USD1.355, 15 per ounce. While in the futures market, gold prices down 0.3 percent to USD1.355, 8.
After the mass protests that succeeded in overthrowing the Egyptian President Hosni Mubarak, hundreds of anti-government protesters clashed with police in Yemen which prevents them from demonstrating in the presidential palace on Sunday.
Egyptian military that controls government and dissolve parliament to keep the constitution on Sunday. But they said it would rule only until the election to replace President Hosni Mubarak, who may only six months.
Political turmoil in the Middle East can provide the leverage to gold prices, but traders said prices may be rangebound as the market has no clear direction.
While the euro weakened against the dollar appears on Monday morning, while the dollar index was the highest level up to three weeks. (GoFinance)
::Early Week, IHSG Stronger 25 Points>>
Go Finance Reporting Jakarta - fresh breeze of global and regional exchanges still bring positive effects for trade on the stock exchange until the close of trading earlier this week. Composite Stock Price Index (IHSG) successfully closed today by scoring 25 points.
IHSG, on Monday (02/14/2011) afternoon close higher 25 points or 0.7 percent, to 3416.77. LQ45 index rose 5.05 points to 600.17 and the Jakarta Islamic Index (JII) rose 3.86 points to 483.62.
The value of transactions today stood at Rp2, 623 trillion in transaction volume reached 4.685 billion shares. As many as 128 stocks advanced, 87 stocks fell, and 82 stocks remained unchanged in price. Foreign investors fairly positive action with the net buying of Rp1, 761 trillion.
Asian stocks continue to be positive path throughout the day. The Nikkei 225 rose 119.89 points, or 1.13 percent to 10725.54, followed Hang Seng which soared 292.14 points, or 1.28 percent to 23,121.06 and the Straits Times darted 34.34 points, or 1.12 percent to 3111.61.
Meanwhile, in European markets, was a positive aura radiated in early trading. The FTSE 100 index rose 20.62 points, or 0.34 percent to 6083.59, followed by the CAC 40 rose 8.26 points, or 0.2 percent, to 4109.57 and the DAX rose 41.26 points, or 0.56 percent to 7412 , 46.
Almost all sectors of the cantilever index was still in the green belt unless the infrastructure sector slim down 0.55 points. Meanwhile, the strengthening of the index was led by the plantation sector, which rose 26.74 points, followed by the mining sector, which rose 25.59 points.
Stocks that move strengthened (Top gainers), PT Astra International Tbk (ASII) rose Rp1.150 to Rp49.550, PT Bayan Resources Tbk (ITMG) rose Rp950 to Rp45.200, and PT Astra Agro Lestari Tbk (AALI ) rose Rp750 to Rp23.000.
Meanwhile, stocks that move down (top lossers) of which PT Multi Bintang Indonesia Tbk (MLBI) down Rp1.500 to Rp270.500, PT Mayora Indah Tbk (MYOR) down Rp600 to Rp10.150, and PT Harum Energy Tbk ( HRUM) down Rp200 to Rp8.250. (GoFinance)
IHSG, on Monday (02/14/2011) afternoon close higher 25 points or 0.7 percent, to 3416.77. LQ45 index rose 5.05 points to 600.17 and the Jakarta Islamic Index (JII) rose 3.86 points to 483.62.
The value of transactions today stood at Rp2, 623 trillion in transaction volume reached 4.685 billion shares. As many as 128 stocks advanced, 87 stocks fell, and 82 stocks remained unchanged in price. Foreign investors fairly positive action with the net buying of Rp1, 761 trillion.
Asian stocks continue to be positive path throughout the day. The Nikkei 225 rose 119.89 points, or 1.13 percent to 10725.54, followed Hang Seng which soared 292.14 points, or 1.28 percent to 23,121.06 and the Straits Times darted 34.34 points, or 1.12 percent to 3111.61.
Meanwhile, in European markets, was a positive aura radiated in early trading. The FTSE 100 index rose 20.62 points, or 0.34 percent to 6083.59, followed by the CAC 40 rose 8.26 points, or 0.2 percent, to 4109.57 and the DAX rose 41.26 points, or 0.56 percent to 7412 , 46.
Almost all sectors of the cantilever index was still in the green belt unless the infrastructure sector slim down 0.55 points. Meanwhile, the strengthening of the index was led by the plantation sector, which rose 26.74 points, followed by the mining sector, which rose 25.59 points.
Stocks that move strengthened (Top gainers), PT Astra International Tbk (ASII) rose Rp1.150 to Rp49.550, PT Bayan Resources Tbk (ITMG) rose Rp950 to Rp45.200, and PT Astra Agro Lestari Tbk (AALI ) rose Rp750 to Rp23.000.
Meanwhile, stocks that move down (top lossers) of which PT Multi Bintang Indonesia Tbk (MLBI) down Rp1.500 to Rp270.500, PT Mayora Indah Tbk (MYOR) down Rp600 to Rp10.150, and PT Harum Energy Tbk ( HRUM) down Rp200 to Rp8.250. (GoFinance)
Saturday, February 12, 2011
::Hosni Mubarak Down Wallstreet Closed Stronger>>
Go Finance Reporting in NEW YORK - Wall Street closed Weekends strengthened along with the news will be the resignation of President Hosni Mubarak of Egypt.
"The resignation of Egyptian President Hosni Mubarak is the momentum. This information is responded to positively by the stock," as quoted by Briefing.com, on Saturday (02/12/2011).
Known, the average Dow Jones Industrial (DJI) rose 43.97 points, or thin to 0.36 percent, to 12273.26. The broader Standard & Poor's 500 (SPX) rose 7.28 points, or 0.55 percent to 1329.15. And the Nasdaq Composite Index (IXIC), which rises high enough, or 0.68 percent 18.99 points to 2809.44.
Large margin came from the financial sector. The sector rose 1.4 per cent obtained from Banks stocks, while for the collective according to KBW Bank Index recorded an increase of 1.8 percent.
As information is positively affected sector was 1.4 per cent of Finance, Telecom Consumer Discretionary 1.0 percent, industry 0.7 percent, 0.5 percent Materials, Consumer Staples 0.5 percent, 0.3 percent Technology, Health 0.1 percent .
While carrying moving stagnant energy sector and utilities sector fell 0.20 percent. (GoFinance)
"The resignation of Egyptian President Hosni Mubarak is the momentum. This information is responded to positively by the stock," as quoted by Briefing.com, on Saturday (02/12/2011).
Known, the average Dow Jones Industrial (DJI) rose 43.97 points, or thin to 0.36 percent, to 12273.26. The broader Standard & Poor's 500 (SPX) rose 7.28 points, or 0.55 percent to 1329.15. And the Nasdaq Composite Index (IXIC), which rises high enough, or 0.68 percent 18.99 points to 2809.44.
Large margin came from the financial sector. The sector rose 1.4 per cent obtained from Banks stocks, while for the collective according to KBW Bank Index recorded an increase of 1.8 percent.
As information is positively affected sector was 1.4 per cent of Finance, Telecom Consumer Discretionary 1.0 percent, industry 0.7 percent, 0.5 percent Materials, Consumer Staples 0.5 percent, 0.3 percent Technology, Health 0.1 percent .
While carrying moving stagnant energy sector and utilities sector fell 0.20 percent. (GoFinance)
Friday, February 11, 2011
::Fortunately Thin, Egypt Strengthen Conflict Wall Street>>
Go Finance Reporting in New York - The Standard Poor's (S & P) and Nasdaq in the final minutes of trading thin profit on Thursday after Egyptian President Hosni Mubarak gave a statement to delegate authority powers to the vice president.
But decreases with the Dow Jones ended down thin after an eight-day rally. Weakening after the network equipment maker stocks, Cisco Systems Inc. (CSCO.O), weaken.
Shares of Cisco fell 14 percent to $ 18, 92, see Cisco's competitors have lost market share. Meanwhile, shares of Juniper Networks (JNPR.N) rising 7.6 percent to USD43, 40.
Reported by Reuters on Friday (02/11/2011), the average Dow Jones industrial fell 10.60 points, or 0.09 percent to 12229.29. The broader Standard & Poor's 500 edged up 0.99 points, or 0.07 percent, to 1321.87. Medium-heavy Nasdaq Composite Index rose 1.38 points, or 0.05 percent to 2790.45.
Trade the S & P and Nasdaq initially was hesitant to move in a volatile action as Mubarak's speech began to protests from civil society. Earlier in the day, the media reported that Mubarak would resign, thus making the stock rebounded from the lows triggered by Cisco.
"When Mubarak said he would give the duties to his vice president, market says it is a good thing to rise," said the chairman of Holland & Co., Michael Holland.
For your information, more than two weeks there has been civil unrest in Egypt which created some anxiety among global investors amid fears of political instability. (GoFinance)
But decreases with the Dow Jones ended down thin after an eight-day rally. Weakening after the network equipment maker stocks, Cisco Systems Inc. (CSCO.O), weaken.
Shares of Cisco fell 14 percent to $ 18, 92, see Cisco's competitors have lost market share. Meanwhile, shares of Juniper Networks (JNPR.N) rising 7.6 percent to USD43, 40.
Reported by Reuters on Friday (02/11/2011), the average Dow Jones industrial fell 10.60 points, or 0.09 percent to 12229.29. The broader Standard & Poor's 500 edged up 0.99 points, or 0.07 percent, to 1321.87. Medium-heavy Nasdaq Composite Index rose 1.38 points, or 0.05 percent to 2790.45.
Trade the S & P and Nasdaq initially was hesitant to move in a volatile action as Mubarak's speech began to protests from civil society. Earlier in the day, the media reported that Mubarak would resign, thus making the stock rebounded from the lows triggered by Cisco.
"When Mubarak said he would give the duties to his vice president, market says it is a good thing to rise," said the chairman of Holland & Co., Michael Holland.
For your information, more than two weeks there has been civil unrest in Egypt which created some anxiety among global investors amid fears of political instability. (GoFinance)
::Alongside Global Stock Operator Merger>>
Go Finance Reporting Frankfurt - German stock market operator Deutsche Boerse and NYSE Euronext, said it would work together to achieve the ambitions of the world's largest stock market.
His remarks came several hours after the London Stock Exchange and the Toronto Stock Exchange (TMX Group) agreed to merge. Rising stock market performance makes stock operator in the world get ready for this opportunity.
Plans have also expressed Singapore's stock exchange operator (SGX) who wants to equate the operations with the Australian stock exchange (ASX).
"This transaction will create the group's biggest stock exchange operator in the world to support derivatives and risk management business. It will also be where the owners of capital increased in value," said Deutsche Boerse and NYSE Euronext in their official statement, yesterday.
Both exchange authority is added, the global capital markets will benefit from the formation of this joint stock exchange operator that will be more efficient and transparent.
It also claimed the merger would create a rule that "more friendly" for the company and clients from around the world. In contrast to London and Toronto stock exchange that will focus on commodity trading of raw materials and energy sectors, the Frankfurt stock exchange and NYSE Euronext will target the financial sector.
"Currently we are conducting intensive talks, but the deal has not reached the final," said Deutsche Boerse.
"The battle between the stock market became apparent. Stock merger announcement shows that the movement of capital market more excited, "said Head of Capital Spreads Simon Denham.
NYSE Euronext is the operator of stock exchanges in New York, Paris, Brussels, and Amsterdam. That is, if the merger with Deutsche Boerse will make manifest the largest in the world, perhaps even the most liquid in terms of stock trading.
"The reunification of these stock groups will offer to our clients that we have a large scale, product innovation, operational and cost efficiency. We will also make changes in terms of technological solutions and other solutions," said a joint statement the Frankfurt stock exchange.
Based on preliminary information, the merger will allocate 59-60 per cent stake to Deutsche Boerse and 40-41 percent for the NYSE Euronext. For Deutsche Boerse, the merger is not the first time.
Previously existing exchanges in Frankfurt in cooperation with Euronext in 2007. Then join the NYSE Euronext operates the New York Stock Exchange.
Deutsche Boerse also had three times the bid to buy London's stock exchange operator, namely in 1998, 2000, and 2005, but all declined.
As for mergers between stock exchanges in London and Toronto that produced the new company will reach the 20 stock markets in Europe and North America. The new bourse operator to focus on the trade of raw materials such as copper and crude oil.
TMX Group currently operates the Toronto Stock Exchange, Montreal Stock Exchange and the Securities Exchange Calgary. The newly merged company's stock in London with TMX Group is LSEGTMX and make one of the major exchanges in the world with a total of 6700 registered company issuers.
"This will be a place for international companies from countries and emerging markets," said a joint statement the London Stock Exchange and TMX. (GoFinance)
His remarks came several hours after the London Stock Exchange and the Toronto Stock Exchange (TMX Group) agreed to merge. Rising stock market performance makes stock operator in the world get ready for this opportunity.
Plans have also expressed Singapore's stock exchange operator (SGX) who wants to equate the operations with the Australian stock exchange (ASX).
"This transaction will create the group's biggest stock exchange operator in the world to support derivatives and risk management business. It will also be where the owners of capital increased in value," said Deutsche Boerse and NYSE Euronext in their official statement, yesterday.
Both exchange authority is added, the global capital markets will benefit from the formation of this joint stock exchange operator that will be more efficient and transparent.
It also claimed the merger would create a rule that "more friendly" for the company and clients from around the world. In contrast to London and Toronto stock exchange that will focus on commodity trading of raw materials and energy sectors, the Frankfurt stock exchange and NYSE Euronext will target the financial sector.
"Currently we are conducting intensive talks, but the deal has not reached the final," said Deutsche Boerse.
"The battle between the stock market became apparent. Stock merger announcement shows that the movement of capital market more excited, "said Head of Capital Spreads Simon Denham.
NYSE Euronext is the operator of stock exchanges in New York, Paris, Brussels, and Amsterdam. That is, if the merger with Deutsche Boerse will make manifest the largest in the world, perhaps even the most liquid in terms of stock trading.
"The reunification of these stock groups will offer to our clients that we have a large scale, product innovation, operational and cost efficiency. We will also make changes in terms of technological solutions and other solutions," said a joint statement the Frankfurt stock exchange.
Based on preliminary information, the merger will allocate 59-60 per cent stake to Deutsche Boerse and 40-41 percent for the NYSE Euronext. For Deutsche Boerse, the merger is not the first time.
Previously existing exchanges in Frankfurt in cooperation with Euronext in 2007. Then join the NYSE Euronext operates the New York Stock Exchange.
Deutsche Boerse also had three times the bid to buy London's stock exchange operator, namely in 1998, 2000, and 2005, but all declined.
As for mergers between stock exchanges in London and Toronto that produced the new company will reach the 20 stock markets in Europe and North America. The new bourse operator to focus on the trade of raw materials such as copper and crude oil.
TMX Group currently operates the Toronto Stock Exchange, Montreal Stock Exchange and the Securities Exchange Calgary. The newly merged company's stock in London with TMX Group is LSEGTMX and make one of the major exchanges in the world with a total of 6700 registered company issuers.
"This will be a place for international companies from countries and emerging markets," said a joint statement the London Stock Exchange and TMX. (GoFinance)
::Session I, still slumped 19 pts>>
Go Finance Reporting jakarta - The presence of PT Garuda Indonesia Tbk (GIAA) as new residents on the trading floor was not able to make the market squirm. Having had crept up in mid-morning trade, Composite Stock Price Index (IHSG), apparently still reluctant to come out of the red zone that still face regional pressure.
IHSG, on Friday (02/11/2011) First session down 19.22 points, or 0.6 percent, to 3354.42. LQ45 Index fell 3.51 points to 587.1 and the Jakarta Islamic Index fell 2.88 points to participate 475.48.
Transaction up to this afternoon stood at Rp1, 916 trillion with a transaction volume 1.506 billion shares. As many as 59 stocks advanced, 123 stocks declined and 80 stocks remained unchanged in price. Profit taking by foreign investors amounted to Rp98, 319 billion.
Asian stocks until this afternoon is still dominated by negative sentiment. Nikkei 225 Index fell 12.18 points, or 0.11 percent to 10,605.65, Hang Seng fell 81.11 points, or 0.36 percent to 22,627.51 and the Straits Times ambles 28.7 points, or 0.92 percent to 3704, 69.
Plantation sector was the only sector which rose by 5.21 points. While weakening the deepest place in the infrastructure sector which fell by 15.64 points and the consumption sector is down 4.23 points.
Stocks that move strengthened (Top gainers) including PT Astra Agro Lestari Tbk (AALI) rose Rp400 to Rp22.100, PT FKS Multi Agro Tbk (FISH) climbed 150 to Rp 2,000 and PT Harum Energy Tbk (HRUM) rose 150 to Rp8.250.
Meanwhile, stocks that move down (top lossers) of which PT Bayan Resources Tbk (ITMG) down 650 to Rp44.000, PT HM Sampoerna Tbk (HMSP) down Rp550 to Rp24.800 and PT Sarana Tower Nusantara Tbk ( TOWR) down 500 to Rp11.700. Shares of PT Garuda Indonesia Tbk (GIAA) own this afternoon fell to Rp110 to Rp640. (GoFinance)
IHSG, on Friday (02/11/2011) First session down 19.22 points, or 0.6 percent, to 3354.42. LQ45 Index fell 3.51 points to 587.1 and the Jakarta Islamic Index fell 2.88 points to participate 475.48.
Transaction up to this afternoon stood at Rp1, 916 trillion with a transaction volume 1.506 billion shares. As many as 59 stocks advanced, 123 stocks declined and 80 stocks remained unchanged in price. Profit taking by foreign investors amounted to Rp98, 319 billion.
Asian stocks until this afternoon is still dominated by negative sentiment. Nikkei 225 Index fell 12.18 points, or 0.11 percent to 10,605.65, Hang Seng fell 81.11 points, or 0.36 percent to 22,627.51 and the Straits Times ambles 28.7 points, or 0.92 percent to 3704, 69.
Plantation sector was the only sector which rose by 5.21 points. While weakening the deepest place in the infrastructure sector which fell by 15.64 points and the consumption sector is down 4.23 points.
Stocks that move strengthened (Top gainers) including PT Astra Agro Lestari Tbk (AALI) rose Rp400 to Rp22.100, PT FKS Multi Agro Tbk (FISH) climbed 150 to Rp 2,000 and PT Harum Energy Tbk (HRUM) rose 150 to Rp8.250.
Meanwhile, stocks that move down (top lossers) of which PT Bayan Resources Tbk (ITMG) down 650 to Rp44.000, PT HM Sampoerna Tbk (HMSP) down Rp550 to Rp24.800 and PT Sarana Tower Nusantara Tbk ( TOWR) down 500 to Rp11.700. Shares of PT Garuda Indonesia Tbk (GIAA) own this afternoon fell to Rp110 to Rp640. (GoFinance)
Thursday, February 10, 2011
::Again, Gold Prices Down!>>
Go Finance Reporting Singapore - Gold prices fell back on their feet. But the plunging value of U.S. dollar (U.S.) can make it through the direction of commodity prices rose due to the Fed Governor Ben Bernanke said he has no plans to purchase bonds on a large scale.
As reported by Reuters on the spot market price of gold fell $ 1, 05 per ounce to USD1.361, 84 per ounce. The farther from its highest level achieved last December at USD1.430 per ounce. While in the futures market, gold prices for April fell $ 2, 8 per ounce to USD1.362, 8 per ounce.
Value of U.S. dollar declined against the euro because of interest from the treasury to move down after Bernanke said it akana continuing bond purchase program.
While the Japanese index, the Nikkei moved lower as profit taking amid market concerns about overheating in the market because of the threat of global inflation. (GoFinance)
As reported by Reuters on the spot market price of gold fell $ 1, 05 per ounce to USD1.361, 84 per ounce. The farther from its highest level achieved last December at USD1.430 per ounce. While in the futures market, gold prices for April fell $ 2, 8 per ounce to USD1.362, 8 per ounce.
Value of U.S. dollar declined against the euro because of interest from the treasury to move down after Bernanke said it akana continuing bond purchase program.
While the Japanese index, the Nikkei moved lower as profit taking amid market concerns about overheating in the market because of the threat of global inflation. (GoFinance)
::2010, German exports increased 18.5%>>
Go Finance Reporting Frankfurt - German Statistics Office Destatis Panzer State yesterday declared exports during 2010 increased by 18.5 percent or worth 951.9 billion euros ($ 1, 3 trillion, Rp11.700 trillion). The export value of that makes a trade surplus of 154 billion euros or 11.2 percent increase over the previous year.
According to Destatis, the German who is now the second largest exporter after China recorded imports amounted to 797 billion euros, up 20 percent compared to 2009. Germany's largest export partners benefit from the euro zone to rise 12.7 percent while imports rose 16.7 percent.
"Overall, German exports to EU countries rose 14 percent but imports also rose 17.5 percent," said Destatis.
Despite overall strong performance of German exports, the country with Europe's biggest economy is still distressed debt crisis in the region.
As we all know, Europe is now trying to rise due to the debt crisis that has caused the economy in a number of countries still affected by the crisis. Berlin government estimates, the German economy predicted to grow 2.3 percent year over budget deficit reduced to three percent of gross domestic product (GDP). Especially in December, German exports grew 0.5 percent on a monthly basis, while imports fell 2.3 percent.
"When the recovery, we stand on two legs, trade and domestic demand," said Economy Minister German Rainer Bruederle.
He believes, is currently his country's economy is running at full capacity. "Germany is now in the shadow of China, but both are still the most important partners in trade in addition to the United States (U.S.) and Eastern Europe," said Carsten Brzeski Senior Economist ING yesterday.
Earlier the German government reported that industrial activity throughout the country last December suffered the worst decline in two decades. In December 2010 the German industrial output contracted 24.1 percent due to weaker construction sector. The weakening of German industrial activity was also evident from data on machinery orders last month dropped 3.4 percent compared to the previous month. In fact, in November 2010, German industrial orders rose 5.2 percent chance.
Meanwhile, in Tokyo, Japan's consumer index for the first time in seven months in January, rose in the middle of the labor market recovery. Consumer sentiment index rose to 41.1 last month from 40.1 earlier in December 2010. "However, despite the increase in the figure is still below 50, which indicates consumers more pessimistic than optimistic," Japan's Cabinet Office said yesterday.
Japanese government to link these results with the improved conditions of employment, thus encouraging increased revenues so that more consumers are buying durable goods.
Last December, Japan's unemployment rate fell to 4.9 percent or 0.2 points better than the previous month. Japanese Cabinet Office also said that consumer confidence in January and make an equally first revision in seven months. Consumer sentiment index released yesterday showed that export expansion and strong corporate earnings. (GoFinance)
According to Destatis, the German who is now the second largest exporter after China recorded imports amounted to 797 billion euros, up 20 percent compared to 2009. Germany's largest export partners benefit from the euro zone to rise 12.7 percent while imports rose 16.7 percent.
"Overall, German exports to EU countries rose 14 percent but imports also rose 17.5 percent," said Destatis.
Despite overall strong performance of German exports, the country with Europe's biggest economy is still distressed debt crisis in the region.
As we all know, Europe is now trying to rise due to the debt crisis that has caused the economy in a number of countries still affected by the crisis. Berlin government estimates, the German economy predicted to grow 2.3 percent year over budget deficit reduced to three percent of gross domestic product (GDP). Especially in December, German exports grew 0.5 percent on a monthly basis, while imports fell 2.3 percent.
"When the recovery, we stand on two legs, trade and domestic demand," said Economy Minister German Rainer Bruederle.
He believes, is currently his country's economy is running at full capacity. "Germany is now in the shadow of China, but both are still the most important partners in trade in addition to the United States (U.S.) and Eastern Europe," said Carsten Brzeski Senior Economist ING yesterday.
Earlier the German government reported that industrial activity throughout the country last December suffered the worst decline in two decades. In December 2010 the German industrial output contracted 24.1 percent due to weaker construction sector. The weakening of German industrial activity was also evident from data on machinery orders last month dropped 3.4 percent compared to the previous month. In fact, in November 2010, German industrial orders rose 5.2 percent chance.
Meanwhile, in Tokyo, Japan's consumer index for the first time in seven months in January, rose in the middle of the labor market recovery. Consumer sentiment index rose to 41.1 last month from 40.1 earlier in December 2010. "However, despite the increase in the figure is still below 50, which indicates consumers more pessimistic than optimistic," Japan's Cabinet Office said yesterday.
Japanese government to link these results with the improved conditions of employment, thus encouraging increased revenues so that more consumers are buying durable goods.
Last December, Japan's unemployment rate fell to 4.9 percent or 0.2 points better than the previous month. Japanese Cabinet Office also said that consumer confidence in January and make an equally first revision in seven months. Consumer sentiment index released yesterday showed that export expansion and strong corporate earnings. (GoFinance)
::Session I, IHSG sinkhole 68 pts>>
Go Finance reporting Jakarta - clouds still covered the movement of the Composite Index (IHSG) to trade this afternoon. Regional negative sentiment and profit taking makes IHSG session I must ambles to the level of 3300's.
IHSG, on Thursday (02/10/2011) session I closed down 68.25 points, or two percent to 3349.22. LQ45 Index fell 13.95 points to 585.69 and the Jakarta Islamic Index (JII) dropped 10.21 points to 474.54.
Transaction up to this afternoon stood at Rp1, 703 trillion by volume of 1.256 billion shares. As many as 26 stocks advanced, 192 stocks fell, and 56 stocks remained unchanged in price.
Asian stocks are still shrouded by clouds is dominated by the attenuation. Nikkei 225 Index fell 6.34 points, or thin 0.06 percent to 10,611.49, followed by the Strait Times fell 28.19 points, or 0.86 percent to 3123.37 and the Hang Seng which ambles 169.09 points, or 0.73 percent to 22994.94.
All sector indices compact support negative move, led by the mining sector, which ambles 50.1 points, followed by the consumption sector, down 29.45 points and the plantation sector, down 22.06 points.
Stocks that move strengthened (Top gainers), of which PT FKS Multi Agro Tbk (FISH) rose Rp180 to Rp1.720, PT Pillars Raharja Tbk (KING) rose Rp120 to Rp740, and PT Bank CIMB Niaga (BNGA) rose Rp70 to Rp1 .900.
Meanwhile, stocks that move down (top lossers) of which PT Gudang Garam Tbk (GGRM) down Rp950 to Rp33.700, PT Bayan Resources Tbk (ITMG) down Rp950 to Rp44.850, and PT Adira Multifinance Tbk ( ADMF) down 650 to Rp10.700. (GoFinance)
IHSG, on Thursday (02/10/2011) session I closed down 68.25 points, or two percent to 3349.22. LQ45 Index fell 13.95 points to 585.69 and the Jakarta Islamic Index (JII) dropped 10.21 points to 474.54.
Transaction up to this afternoon stood at Rp1, 703 trillion by volume of 1.256 billion shares. As many as 26 stocks advanced, 192 stocks fell, and 56 stocks remained unchanged in price.
Asian stocks are still shrouded by clouds is dominated by the attenuation. Nikkei 225 Index fell 6.34 points, or thin 0.06 percent to 10,611.49, followed by the Strait Times fell 28.19 points, or 0.86 percent to 3123.37 and the Hang Seng which ambles 169.09 points, or 0.73 percent to 22994.94.
All sector indices compact support negative move, led by the mining sector, which ambles 50.1 points, followed by the consumption sector, down 29.45 points and the plantation sector, down 22.06 points.
Stocks that move strengthened (Top gainers), of which PT FKS Multi Agro Tbk (FISH) rose Rp180 to Rp1.720, PT Pillars Raharja Tbk (KING) rose Rp120 to Rp740, and PT Bank CIMB Niaga (BNGA) rose Rp70 to Rp1 .900.
Meanwhile, stocks that move down (top lossers) of which PT Gudang Garam Tbk (GGRM) down Rp950 to Rp33.700, PT Bayan Resources Tbk (ITMG) down Rp950 to Rp44.850, and PT Adira Multifinance Tbk ( ADMF) down 650 to Rp10.700. (GoFinance)
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