Go Finance Reporting in NEW YORK - The stock market is the United States (U.S.) tumbled following a weak crude oil prices. The fall in the price of black gold makes the energy sector stocks on Wall Street free fall.
In addition, concern increased raw material costs as a result of the Japanese earthquake could affect the performance of issuers in the second quarter, and will make the market participants increase their attention for the company's performance.
"These companies will try to lower the target in the second quarter," said chief investment strategist at Subodh Kumar & Associates Subodh Kumar, as quoted by Reuters, in Toronto.
"The market will focus will be internal conditions when the news from outside the tight blow and make stock prices rise too fast," he explained.
Alcoa Inc. reported first-quarter profit past estimates and said the prospects for the remainder of 2011 and beyond remain positive. But revenue from aluminum maker was down 3.6 percent to USD17, 13 in trade.
Energy stocks fell as U.S. crude futures fell due to profit taking. Occidental Petroleum fell 3.2 percent to USD100, 42 while the S & P energy index fell 1.9 percent.
At the close of trading on Monday (04/11/2011) local time, the Dow Jones Industrial rose 1.06 points, or 0.01 percent, to 12381.11. The broader Standard & Poor's 500 index dropped 3.71 points, or 0.28 percent to be 1324.46. And the Nasdaq Composite Index fell 8.91 points, or 0.32 percent to 2771.51. (GoFinance)
Tuesday, April 12, 2011
::Mining Sector Drag Down IHSG 26 Points>>
Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) closed down 26 points at the end of trading this time. The weakening stock index is similar to a compact index of Asia weakened.
IHSG, in late trading Tuesday (04/12/2011) fell 26.6 points or 0.7 percent to 3719.23. LQ45 down 5.61 points, or 0.8 percent to 664.9 and the Jakarta Islamic Index (JII) fell 5.02 points, or 1.0 percent, to 518.21.
Asian indices still look "inflamed" on this afternoon. The Hang Seng fell 326.7 points to 23,976, the Nikkei sinkhole 164.44 points, or 9555.26 and Straits Times fell 22.44 points to 3138.
Supporting sector stock index rose looks compact. Plantation sector, down 22.35 points, or 1.0 percent, mining sector, down 47.22 points, or 1.5 percent and the financial sector fell 2.41 points, or 0.5 percent.
The value of transactions recorded at Rp3, 7 trillion, with a volume of 2.6 billion shares. A total of 160 shares fell, 80 stocks advanced and 81 shares remain stagnant.
Stocks that move down (top lossers) is PT Bayan Resources Tbk (ITMG) down Rp1.250 to Rp48.100, PT Lion Metal Works Tbk (LION) down Rp900 to Rp4.300 and PT Astra International tbk (ASII) down 650 to Rp56.150.
While stocks are moving to strengthen (Top gainers), among others, PT Multi Bintang Indonesia Tbk (MLBI) rose 1,000 to Rp269.000, PT Supre Cable Manufacturing Corp. Tbk (SCCO) rose Rp250 to Rp2.500 and PT Mayora Indah Tbk (MYOR ) rose Rp250 to Rp11.650. (GoFinance)
IHSG, in late trading Tuesday (04/12/2011) fell 26.6 points or 0.7 percent to 3719.23. LQ45 down 5.61 points, or 0.8 percent to 664.9 and the Jakarta Islamic Index (JII) fell 5.02 points, or 1.0 percent, to 518.21.
Asian indices still look "inflamed" on this afternoon. The Hang Seng fell 326.7 points to 23,976, the Nikkei sinkhole 164.44 points, or 9555.26 and Straits Times fell 22.44 points to 3138.
Supporting sector stock index rose looks compact. Plantation sector, down 22.35 points, or 1.0 percent, mining sector, down 47.22 points, or 1.5 percent and the financial sector fell 2.41 points, or 0.5 percent.
The value of transactions recorded at Rp3, 7 trillion, with a volume of 2.6 billion shares. A total of 160 shares fell, 80 stocks advanced and 81 shares remain stagnant.
Stocks that move down (top lossers) is PT Bayan Resources Tbk (ITMG) down Rp1.250 to Rp48.100, PT Lion Metal Works Tbk (LION) down Rp900 to Rp4.300 and PT Astra International tbk (ASII) down 650 to Rp56.150.
While stocks are moving to strengthen (Top gainers), among others, PT Multi Bintang Indonesia Tbk (MLBI) rose 1,000 to Rp269.000, PT Supre Cable Manufacturing Corp. Tbk (SCCO) rose Rp250 to Rp2.500 and PT Mayora Indah Tbk (MYOR ) rose Rp250 to Rp11.650. (GoFinance)
Monday, April 11, 2011
::U.S. Reduce Expenditure $ 38 Billion>>
Go Finance Reporting in WASHINGTON - President of the United States (U.S.), Barack Obama on Saturday (04/09/2011) and then finally signed the budget after compromise with the rival Republican Party.
Both sides agreed to open a wider path for the reduction of budget deficits in the future by cutting spending by $ 38 billion (Rp342 trillion) for fiscal year 2011. However, these savings only apply to six months in the current fiscal year.
In his speech, Obama said that Washington is open to the deal. According to him, the U.S. Congress considered able to resolve differences over this between the government of the Republic. "I will and have made this wound in a better state. We also prevents important than the political debates and disputes that are not related to social issues, "Obama said.
Among U.S. ratification of the agreed expenditure is expenditure for social programs that are not trimmed. As for some expenditure items are salaries cut 800,000 federal employees and the possibility of delays in salary of U.S. forces in the Middle East and Afghanistan. In addition, to save expenses, the U.S. also will close a number of national parks and monuments in the second half of fiscal year 2011. Not to forget, a number of infrastructure projects are also threatened delayed its completion.
"This policy is to start a new life and became the only way to keep the investment and make the sector more competitive workforce," Obama said in his weekly radio address. (GoFinance)
Both sides agreed to open a wider path for the reduction of budget deficits in the future by cutting spending by $ 38 billion (Rp342 trillion) for fiscal year 2011. However, these savings only apply to six months in the current fiscal year.
In his speech, Obama said that Washington is open to the deal. According to him, the U.S. Congress considered able to resolve differences over this between the government of the Republic. "I will and have made this wound in a better state. We also prevents important than the political debates and disputes that are not related to social issues, "Obama said.
Among U.S. ratification of the agreed expenditure is expenditure for social programs that are not trimmed. As for some expenditure items are salaries cut 800,000 federal employees and the possibility of delays in salary of U.S. forces in the Middle East and Afghanistan. In addition, to save expenses, the U.S. also will close a number of national parks and monuments in the second half of fiscal year 2011. Not to forget, a number of infrastructure projects are also threatened delayed its completion.
"This policy is to start a new life and became the only way to keep the investment and make the sector more competitive workforce," Obama said in his weekly radio address. (GoFinance)
::Asian Stock sinkhole, IHSG Not Influential>>
Go Finance Reporting in JAKARTA - Asian stocks on trading this afternoon observed in the red line, but this did not dampen the movement of the Composite Index (IHSG) follow-up to weaken.
IHSG Monday (04/11/2011) afternoon thin rose 4.03 points, or 0.11 percent to 3745.84. While the LQ45 index edged up 0.91 points to 670.51 and the Jakarta Islamic Index (JII) rose 3.5 points to 523.23 level.
The value of this transaction until the afternoon observed Rp3, 45 trillion, with volume of 2.63 billion shares. seen as many as 109 stocks gained, 118 stocks fell, and 110 shares stagnated.
The Hang Seng index fell 93 points to the position of 24,303.07, the Nikkei 225 fell 48.38 to 9719.70 position, and the Straits Times index slumped 28.51 points to 3158.8. While the domestic sector of which eroded the consumer sector, financial sector, and mining sectors.
Therefore, stocks that rose among the PT Brands International Tbk (MERK) rose 1,000 to Rp95.000, PT United Tractors Tbk (UNTR) rose Rp350 to Rp22.500, PT Astra Agro Lestari Tbk (AALI) rose Rp300 to Rp22.800, and PT Adira Dinamika Multi Finance Tbk (ADMF) rose 300 to Rp12.000.
While stocks fell, PT Multi Bintang Indonesia Tbk (MLBI) down Rp2.500 to Rp268.000, PT Dian Swastatika Sentosa Tbk (DSSA) down Rp1.550 to Rp31.950, PT Shoe Bata Tbk (BATA) down 500 to Rp66.000, and PT Bayan Resources Tbk (ITMG) down 500 to Rp49.350. (GoFinance)
IHSG Monday (04/11/2011) afternoon thin rose 4.03 points, or 0.11 percent to 3745.84. While the LQ45 index edged up 0.91 points to 670.51 and the Jakarta Islamic Index (JII) rose 3.5 points to 523.23 level.
The value of this transaction until the afternoon observed Rp3, 45 trillion, with volume of 2.63 billion shares. seen as many as 109 stocks gained, 118 stocks fell, and 110 shares stagnated.
The Hang Seng index fell 93 points to the position of 24,303.07, the Nikkei 225 fell 48.38 to 9719.70 position, and the Straits Times index slumped 28.51 points to 3158.8. While the domestic sector of which eroded the consumer sector, financial sector, and mining sectors.
Therefore, stocks that rose among the PT Brands International Tbk (MERK) rose 1,000 to Rp95.000, PT United Tractors Tbk (UNTR) rose Rp350 to Rp22.500, PT Astra Agro Lestari Tbk (AALI) rose Rp300 to Rp22.800, and PT Adira Dinamika Multi Finance Tbk (ADMF) rose 300 to Rp12.000.
While stocks fell, PT Multi Bintang Indonesia Tbk (MLBI) down Rp2.500 to Rp268.000, PT Dian Swastatika Sentosa Tbk (DSSA) down Rp1.550 to Rp31.950, PT Shoe Bata Tbk (BATA) down 500 to Rp66.000, and PT Bayan Resources Tbk (ITMG) down 500 to Rp49.350. (GoFinance)
::Stronger Rupiah Rp8.641 per USD>>
Go Finance Reporting in JAKARTA - The rupiah strengthened at the end of trade move earlier this week despite the United States dollar (U.S.).
Amount, according to the exchange rate of Bank Indonesia (BI) at the end of trading earlier this week, on Monday (04/11/2011) rose to Rp8.641 per USD, compared with trading over the weekend that at Rp8.656 per USD.
Meanwhile, according yahoofinance, parking to Rp8.652 rupiah per USD with a daily trading range in Rp8.637-Rp8.655 per USD. Meanwhile, the dollar appears to be moving higher, consequently other currencies seemed to weaken. The euro seems to weaken to 1.4455 per USD, the pound weakened to 1.6343 per USD, and the weakening Australian dollar 1.0558 per USD.
One reason is because of the strengthening U.S. dollar budget proposed by the U.S. government to the Congress finally agreed to a deficit of $ 38 billion worth of USD61 billion as desired by the Republican party.
Indonesia Securities Samuel analyst Lana Soelistianingsih said the budget discussion was very tough, long-winded and had been a deadlock, giving rise to concern will be the closure of public services by the government for a while.
The closure will affect about 800,000 workers. Government proposes $ 3, 6 trillion budget for 2012 with a deficit of 9.8 percent of GDP.
By trimming the budget deficit is estimated to be around 9.4 percent of GDP from Republican target in 9.1 percent of GDP. But the U.S. government still faces fiscal problems in the long term because government debt is already approaching 90 percent of its GDP. (GoFinance)
Amount, according to the exchange rate of Bank Indonesia (BI) at the end of trading earlier this week, on Monday (04/11/2011) rose to Rp8.641 per USD, compared with trading over the weekend that at Rp8.656 per USD.
Meanwhile, according yahoofinance, parking to Rp8.652 rupiah per USD with a daily trading range in Rp8.637-Rp8.655 per USD. Meanwhile, the dollar appears to be moving higher, consequently other currencies seemed to weaken. The euro seems to weaken to 1.4455 per USD, the pound weakened to 1.6343 per USD, and the weakening Australian dollar 1.0558 per USD.
One reason is because of the strengthening U.S. dollar budget proposed by the U.S. government to the Congress finally agreed to a deficit of $ 38 billion worth of USD61 billion as desired by the Republican party.
Indonesia Securities Samuel analyst Lana Soelistianingsih said the budget discussion was very tough, long-winded and had been a deadlock, giving rise to concern will be the closure of public services by the government for a while.
The closure will affect about 800,000 workers. Government proposes $ 3, 6 trillion budget for 2012 with a deficit of 9.8 percent of GDP.
By trimming the budget deficit is estimated to be around 9.4 percent of GDP from Republican target in 9.1 percent of GDP. But the U.S. government still faces fiscal problems in the long term because government debt is already approaching 90 percent of its GDP. (GoFinance)
Friday, April 8, 2011
::After Make New Record, Gold Prices Continue weakened>>
Go Finance Reporting in SINGAPORE - Although only a thin, gold prices continued to experience weakness after scoring record highs recently.
As quoted by Reuters on Friday (04/08/2011), price of gold dropped 60 cents to the level of USD1.456, 85 per ounce. The decline was due to gold inflation concerns and expectations the European Central Bank continues to experience financial crises in 2008 and continued to weaken the U.S. dollar.
While the price of gold futures in June alone fell $ 1, 1 to the number USD1.458, 2 per ounce.
The price of gold in yesterday's trading can be told not to move, after an increase in the first session. In fact, silver prices predicted to rise the highest.
The price of silver itself on the trading day yesterday was steady at USD 39.54 per ounce after a crash on level 39, 75 on Wednesday. (GoFinance)
As quoted by Reuters on Friday (04/08/2011), price of gold dropped 60 cents to the level of USD1.456, 85 per ounce. The decline was due to gold inflation concerns and expectations the European Central Bank continues to experience financial crises in 2008 and continued to weaken the U.S. dollar.
While the price of gold futures in June alone fell $ 1, 1 to the number USD1.458, 2 per ounce.
The price of gold in yesterday's trading can be told not to move, after an increase in the first session. In fact, silver prices predicted to rise the highest.
The price of silver itself on the trading day yesterday was steady at USD 39.54 per ounce after a crash on level 39, 75 on Wednesday. (GoFinance)
::U.S. Stock Index Shaken By Japan Earthquake>>
Go Finance Reporting in NEW YORK - U.S. stock index (U.S.) weakened due to the occurrence of aftershocks in Japan are re-raised concerns about the nuclear crisis. However, the stability of the U.S. economy prevented Wall Street indexes fell more severe.
Retail sector moving better than expected in March is an additional evidence of economic recovery continues. Investors also take action by moving into assets that did not materialize because it is more secure because of these aftershocks.
The CBOE Volatility Index VIX rose 1.2 percent at 17.11 after rising more than two percent in the previous session.
"VIX is very reactive to the news of the earthquake. In addition, there is no positive sentiment that existed," said stock analyst Chris McKhann, as quoted by Reuters in Chicago.
In early trading, the S & P 500 experienced a large wedge of decline in the unemployment rate in the U.S. and retail sales rose in March. In the retail sector, the performance of Costco Wholesale Corp. beat expectations to make its shares gained 3.8 percent to $ 77, 82. Macy's Inc rose 0.8 percent traffic system is USD 25.40 while Target Corp. fell 2.6 percent in the position of USD 49.62.
At the close of trading on Thursday (04/07/2011) local time, the Dow Jones industrial fell 17.26 points, or 0.14 percent, to 12409.49. The broader Standard & Poor's 500 index dropped 2.03 points, or 0.15 percent, to 1333.51. And the Nasdaq Composite Index fell 3.68 points, or 0.13 percent, to 2796.14.
Trading volume showed the 7.06 billion shares on the New York Stock Exchange, NYSE Amex and Nasdaq, while an estimated daily average of 8.47 billion last year. (GoFinance)
Retail sector moving better than expected in March is an additional evidence of economic recovery continues. Investors also take action by moving into assets that did not materialize because it is more secure because of these aftershocks.
The CBOE Volatility Index VIX rose 1.2 percent at 17.11 after rising more than two percent in the previous session.
"VIX is very reactive to the news of the earthquake. In addition, there is no positive sentiment that existed," said stock analyst Chris McKhann, as quoted by Reuters in Chicago.
In early trading, the S & P 500 experienced a large wedge of decline in the unemployment rate in the U.S. and retail sales rose in March. In the retail sector, the performance of Costco Wholesale Corp. beat expectations to make its shares gained 3.8 percent to $ 77, 82. Macy's Inc rose 0.8 percent traffic system is USD 25.40 while Target Corp. fell 2.6 percent in the position of USD 49.62.
At the close of trading on Thursday (04/07/2011) local time, the Dow Jones industrial fell 17.26 points, or 0.14 percent, to 12409.49. The broader Standard & Poor's 500 index dropped 2.03 points, or 0.15 percent, to 1333.51. And the Nasdaq Composite Index fell 3.68 points, or 0.13 percent, to 2796.14.
Trading volume showed the 7.06 billion shares on the New York Stock Exchange, NYSE Amex and Nasdaq, while an estimated daily average of 8.47 billion last year. (GoFinance)
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