The global market was down again last night, still with the fears of the European Union. Securities economist Samuel, Lana Soelistianingsih inJakarta, Tuesday (15/05/2012) estimate the exchange rate will be maintained in the range of BI is now between Rp 9240 to Rp.9.260 per U.S. dollar.
Rupiah weakened again yesterday, closing at Rp 9250 per U.S. dollar(Bloomberg middle rate). Negative sentiment comes from the weakening euro for fear that the release of the Greek of the euro zone. Stock markets in Asia, including Indonesia also fell. Jakarta Composite Index fell 1.48percent to 4053.07.
While the price of Brent crude oil is stable and WTI prices drop. Of thecountry, along with the rise in nine-month SBI rate in the last three months,from lows at 3.8229 to 4.23785, it seems that expectations of interest ratesfall more limited.
Nine-month SBI rate is part of the monetary operations, so the increase in interest rates is a signal interest rates start moving up. Trend of rising interest rates is also evident from the rising yields on Treasury bonds, especially for medium and long tenor.
Rise in yields is expected to also attract funding to sing portfolio securities, which can reduce the potential of Indonesia's balance of payments deficit this year 2012.
Kamis, 17 Mei 2012
Euro Slump To Lowest Position 4 Months
The euro fell to its lowest in nearly four months against the U.S. dollaralong with the leadership vacuum in Greece prompting European officials toconsider the prospects for the early departure of a currency union member country.
The euro slipped 0.7 percent to 1.2823 U.S. dollar on Monday (5/14/2012)at 5 PM in New York, having earlier touched 1.2821 dollars, the lowest level since January 18, 2012. The euro also fell 0.8 percent to 102.39 yen and 102.23 yen which had touched its lowest level since February 16, 2012.
Meanwhile, the yen rose 0.1 percent to 79.85 dollars. The weakening of a common currency for 17 European countries the second day against the yen as the ratings agency Moody's cut its credit rating 26 Italian banks, Unicredit SpA and include Intesa Sanpaolo SpA. The agency sees revenues and a weakening economic outlook.
"The problem now is the Europeans have much trouble spots right now, and Greece is only one of it," said Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman & Co., in New York on Monday.
Marc says, the Greeks wanted to remain in the euro zone, but the local government wants to renegotiate the fiscal pact. Meanwhile, the dollar index (DXY) rose for the day-to-11 and the British pound rose to its highest level against the euro since 2008 as investors sought refuge.
The euro slipped 0.7 percent to 1.2823 U.S. dollar on Monday (5/14/2012)at 5 PM in New York, having earlier touched 1.2821 dollars, the lowest level since January 18, 2012. The euro also fell 0.8 percent to 102.39 yen and 102.23 yen which had touched its lowest level since February 16, 2012.
Meanwhile, the yen rose 0.1 percent to 79.85 dollars. The weakening of a common currency for 17 European countries the second day against the yen as the ratings agency Moody's cut its credit rating 26 Italian banks, Unicredit SpA and include Intesa Sanpaolo SpA. The agency sees revenues and a weakening economic outlook.
"The problem now is the Europeans have much trouble spots right now, and Greece is only one of it," said Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman & Co., in New York on Monday.
Marc says, the Greeks wanted to remain in the euro zone, but the local government wants to renegotiate the fiscal pact. Meanwhile, the dollar index (DXY) rose for the day-to-11 and the British pound rose to its highest level against the euro since 2008 as investors sought refuge.
U.S. stocks Knocked Greece
Wall Street blush. At 16.00 hours, Monday (5/14/2012) New York time, Standard & Poor's 500 index fell 1.1 percent to 1338.35. This is the lowest level since Feb. 2. While the Dow Jones Industrial Average index fell 1percent to 12695.35. Approximately 6.6 billion shares changed hands in transactions throughout last night.
Financial and energy sectors posted the biggest decline among 10 other sectors are gathered in the S & P 500. Meanwhile, a number of stock movements also influence the U.S. market are: JPMorgan Chase & Co. and Bank of America Corp., which fell at least 2.6 percent. In addition, there are also stocks of Alcoa Inc. and Schlumberger Ltd. fell more than1.5 percent, and Symantec Corp. are down 1.4 percent.
U.S. stocks decline was influenced by a number of factors. Of which the Greek state is still not stable and are trying to create a new government. Not only that, the market is also increasingly worried that European leaders are considering to exclude Greece from the Blue Continent.
"Investors are very worried about this Saar. Overall, investors focused on the political condition of Europe. No one knows what will happen later and the markets hate uncertainty," said Madelynn Matlock, an analyst at Huntington Asset Advisors in Cincinnati.
Financial and energy sectors posted the biggest decline among 10 other sectors are gathered in the S & P 500. Meanwhile, a number of stock movements also influence the U.S. market are: JPMorgan Chase & Co. and Bank of America Corp., which fell at least 2.6 percent. In addition, there are also stocks of Alcoa Inc. and Schlumberger Ltd. fell more than1.5 percent, and Symantec Corp. are down 1.4 percent.
U.S. stocks decline was influenced by a number of factors. Of which the Greek state is still not stable and are trying to create a new government. Not only that, the market is also increasingly worried that European leaders are considering to exclude Greece from the Blue Continent.
"Investors are very worried about this Saar. Overall, investors focused on the political condition of Europe. No one knows what will happen later and the markets hate uncertainty," said Madelynn Matlock, an analyst at Huntington Asset Advisors in Cincinnati.
European Distressed Situations, 4100 Leave Index
Political chaos and economic recovery in Europe has not been dragged Composite Stock Price Index (CSPI) fell 61 points. European stock markets were falling because the Greek government had not yet formed.
At the close of trading on Monday (5/14/2012), Jakarta Composite Index fell by 61.073 points or 1.49 percent, to 4053.067. While the LQ45 index fell 9.688 points, or 1.40 percent, to 686.856. Kompas 100 index fell 13.8 to 899.05.
Foreign investors still continue to release the stock to record net sales of 132.17 billion. Total trade value reached Rp 3.4 trillion.
Stock exchanges in Europe in early trade also depressed due to political and economic situation of Greece is still uncertain. London's FTSE index fell 0.80 percent to 5531.21. Athens index lost 4.5 percent to hit bottom in 1992. Index in Spain also fell 0.7 percent.
Bourses in Asia which had gained was partially closed down. Shanghai Composite Index fell 14.26 points, or 0.60 percent, to 2380.73. Hang Seng Index fell 229.59 points, or 1.15 percent, to 19735.04. Nikkei 225 index rose 20.53 points, or 0.23 percent, to 8973.84.
At the close of trading on Monday (5/14/2012), Jakarta Composite Index fell by 61.073 points or 1.49 percent, to 4053.067. While the LQ45 index fell 9.688 points, or 1.40 percent, to 686.856. Kompas 100 index fell 13.8 to 899.05.
Foreign investors still continue to release the stock to record net sales of 132.17 billion. Total trade value reached Rp 3.4 trillion.
Stock exchanges in Europe in early trade also depressed due to political and economic situation of Greece is still uncertain. London's FTSE index fell 0.80 percent to 5531.21. Athens index lost 4.5 percent to hit bottom in 1992. Index in Spain also fell 0.7 percent.
Bourses in Asia which had gained was partially closed down. Shanghai Composite Index fell 14.26 points, or 0.60 percent, to 2380.73. Hang Seng Index fell 229.59 points, or 1.15 percent, to 19735.04. Nikkei 225 index rose 20.53 points, or 0.23 percent, to 8973.84.
Ranch Market price IPO Offer at Rp 425 - Rp 510
PT Supra Boga Lestari offers the public offering price or the initial public offering (IPO) in the range of Rp 425 - Rp 510 per share.
This is expressed by Managing Director Michael Steven Securindo KresnaGraha in Jakarta, Monday (14/05/2012). Supra Hospitality has appointed Krishna Graha Securindo as IPO underwriters.
Supra Catering will issue shares as much as 20 percent of the total capital paid-in shares, the maximum alias 312.897 million ordinary shares. It means that high retail manager Ranch Market and Farmers Market this will cost the fresh around Rp 132 billion to Rp 159 billion through the celebration.
The Company will use 60 percent of the proceeds from the IPO for expansion, particularly the increase Ranch Market stores and Farmer Market. This expansion will be gradual over the next two years. Mean while, 21 percent of the funds will be used to pay off debts to the bank, and the remaining 19 percent is used for working capital.
Is estimated that the offering period on 1 June to 4 June next. Allotment on June 5, and listing of shares on the Stock Exchange on June 7, 2012.
This is expressed by Managing Director Michael Steven Securindo KresnaGraha in Jakarta, Monday (14/05/2012). Supra Hospitality has appointed Krishna Graha Securindo as IPO underwriters.
Supra Catering will issue shares as much as 20 percent of the total capital paid-in shares, the maximum alias 312.897 million ordinary shares. It means that high retail manager Ranch Market and Farmers Market this will cost the fresh around Rp 132 billion to Rp 159 billion through the celebration.
The Company will use 60 percent of the proceeds from the IPO for expansion, particularly the increase Ranch Market stores and Farmer Market. This expansion will be gradual over the next two years. Mean while, 21 percent of the funds will be used to pay off debts to the bank, and the remaining 19 percent is used for working capital.
Is estimated that the offering period on 1 June to 4 June next. Allotment on June 5, and listing of shares on the Stock Exchange on June 7, 2012.
The weakening Rupiah carefully
The rupiah is expected to move with the trend of consolidation to weaken this week. Reported about the euro zone is still a determinant for the movement of dollars this week.
That was said by analysts of BNI Treasury Unit, Klara Pramesti, inJakarta, Monday (14/05/2012).
Europe's economic fundamental data such as gross domestic product, inflation and economic sentiment is an important data which can affect the rise and fall of rupiah. Indication of the strength of the supremacy of the U.S. dollar against other major currencies come to give a negative sentiment for dollars.
Moreover, market expectations of them think that safe haven is still the mainstay for the placement of the rupiah strengthening its portfolio of potential loosening.
Meanwhile, the lack of economic data Indonesia which will be released next week likely to make the move less volatile rupiah. Overshadow the lack of positive sentiment Indonesia rupiah predicted participate withstandfluctuations.
Tug global sentiment that will affect market transactions allegedly made investors hold a portfolio in rupiah. But through the help of Bank Indonesia intervention opportunities for the strengthening of rupiah.
That was said by analysts of BNI Treasury Unit, Klara Pramesti, inJakarta, Monday (14/05/2012).
Europe's economic fundamental data such as gross domestic product, inflation and economic sentiment is an important data which can affect the rise and fall of rupiah. Indication of the strength of the supremacy of the U.S. dollar against other major currencies come to give a negative sentiment for dollars.
Moreover, market expectations of them think that safe haven is still the mainstay for the placement of the rupiah strengthening its portfolio of potential loosening.
Meanwhile, the lack of economic data Indonesia which will be released next week likely to make the move less volatile rupiah. Overshadow the lack of positive sentiment Indonesia rupiah predicted participate withstandfluctuations.
Tug global sentiment that will affect market transactions allegedly made investors hold a portfolio in rupiah. But through the help of Bank Indonesia intervention opportunities for the strengthening of rupiah.
Stock Domestic Support Rupiah
In trading on the Forex market today, Monday (5/14/2012), the rupiah potential move with the trend of consolidation. According to analysts of BNI's Treasury Unit, market participants indicated that vigilance will still be affected by the issue of Europe's debt crisis.
This situation led to his limited opportunities would further support the rupiah movement of the supremacy of the U.S. dollar. China's central bank called for the news will cut China's banking minimum reserve requirement by 50 basis points by May 18 next following cues signaling the rise of the stock of domestic currency persistence of RI.
While the organization of auctions of government securities targeted Rp 6trillion opportunity to attract foreign funds flow into the domestic economy and the potential to increase energy for dollars.
On Friday (11/52012), the rupiah closed lower in thin level of 9190 perU.S. dollar compared with the opening level and positioned at 9180 perU.S. dollar, after moving in the range of 9135-9190 per U.S. dollar. The continuing problem of Greek political deadlock that threatens the worsening debt crisis and the euro zone trade data of China in April was lower than expected, were pressing the rupiah exchange rate movements.
This situation led to his limited opportunities would further support the rupiah movement of the supremacy of the U.S. dollar. China's central bank called for the news will cut China's banking minimum reserve requirement by 50 basis points by May 18 next following cues signaling the rise of the stock of domestic currency persistence of RI.
While the organization of auctions of government securities targeted Rp 6trillion opportunity to attract foreign funds flow into the domestic economy and the potential to increase energy for dollars.
On Friday (11/52012), the rupiah closed lower in thin level of 9190 perU.S. dollar compared with the opening level and positioned at 9180 perU.S. dollar, after moving in the range of 9135-9190 per U.S. dollar. The continuing problem of Greek political deadlock that threatens the worsening debt crisis and the euro zone trade data of China in April was lower than expected, were pressing the rupiah exchange rate movements.
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