Go Finance Information

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

2011-09-12T22:31:00.002+07:00

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

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

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

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

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

2011-09-12T22:28:00.003+07:00

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

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

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

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

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

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

2011-09-12T22:26:00.001+07:00

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

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

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

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

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

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

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

::Rupiah Down Following IHSG>>

2011-09-12T22:21:00.001+07:00

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

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

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

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

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

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

::IHSG Up 4000 Powered Fundamental Right>>

2011-07-08T23:18:00.000+07:00

Go Finance Reporting in JAKARTA - The breakdown of Composite Stock Price Index (IHSG) to reach the 4000 level is believed to be backed by good fundamentals. Market participants also welcomed it.

"Be careful that's for sure I will ask all the supervisors and inspectors in the capital markets to see the portfolio. See who sub-sectors or sectors that may be price to earnings or price to book was already a bit too high, to believe that it's all backed up by a fundamental right, "said Finance Minister Agus Martowardojo told reporters when met at the Parliament Building, Senayan, Jakarta, Friday (07/08/2011).

Agus added that the goal itself says that right because he is oriented to protect consumers and the economy of Indonesia. "The orientation is to protect consumers, protect the Indonesian economy," he said.

He was reluctant to comment on the rise that can be said IHSG rapid growth. He said he only wanted to maintain the quality of the IHSG.

"I do not want to comment quickly, I want to keep the quality. It must be quality. I'll say it again. Speech seems to me that there direction (overheating), but not so. It should be precautionary," he said.

As is known, IHSG, Friday (07/08/2011) evening closed soared up to 64.22 points, or 1.6 percent, to 4003.69. LQ45 index 14.39 points, too, sped to 710.90 and the Jakarta Islamic Index (JII) rose 9.68 points to 552.52.

The rise of day trading is characterized by the volume of trade that touched 5.368 billion shares worth Rp 5, 862 trillion. A total of 144 stocks advanced, 77 stocks fell, and 112 stocks unchanged prices. Foreign investors are confident take action to buy with net buying of up to Rp611, 127 billion. (GoFinance)

::After Gains, Dow Jones Corrected 12 Pts>>

2011-07-06T18:33:00.000+07:00

Go Finance Reporting in NEW YORK - After the rose last week, U.S. stock index (the U.S.) seem lifeless. Nevertheless, the lack of value of transactions indicates the market is still volatile. The Nasdaq managed to close higher, while the Dow Jones and S & P 500 ended down after five days earlier recorded a best position for the last two years.

S & P rose 5.6 percent last week, rebounding from a weakening trend over the last two months. But concerns about economic growth and the potential to harm the U.S. debt in the coming days.

"It is not surprising if the market weakened today. The reason we have passed a sunny week," said Baring Asset Management chief investment Hayes Miller was quoted as saying by Reuters on Wednesday (07/06/2011).

In another prospective, Moody's Investors Service lowered the credit rating Portugal into "junk territory" due to the risk to be borne by the country making it need bailouts before it can return to the capital markets. It makes the debt is still alarming despite eurozone has no resolution for Greece's fiscal crisis.

After the holiday commemorating Independence Day, in late trading Tuesday (07/05/2011) local time, the Dow Jones Industrial Average fell 12.90 points, or 0.10 percent, to 12569.87. Standard & Poor's 500 index fell 1.79 points, or 0.13 percent, to 1337.88. And the Nasdaq Composite Index rose 9.74 points, or 0.35 percent to 2825.77.

Recorded relatively low trading volumes, just as much as 6.04 billion shares traded on the New York Stock Exchange, American Stock Exchange and Nasdaq, below the daily average last year that as many as 8.47 billion shares. (GoFinance)

::Profit Taking Action Trigger weakening IHSG>>

2011-07-06T18:28:00.000+07:00

Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) closing stock trading this afternoon carrying more subsidence. Profit taking and trimming rating Portugal suspected as the main trigger.

In addition, external factors such as regional exchanges that move mixed assist IHSG movement. Where IHSG was recorded not too weak inside.

IHSG Wednesday (07/06/2011) afternoon tracked down 15.17 points, or 0.39 percent to 3908.96 position. While the LQ45 index fell 4.31 points to 692.59. And the Jakarta Islamic Index (JII) fell 2.28 points to 539.65.

The value of the transaction until this afternoon recorded Rp3, 20 trillion, with a volume of 3.55 billion shares. As many as 99 stocks advanced, 130 stocks fell, and 88 shares stagnant.

The weakening of the regional exchanges inevitably dragged shares in the domestic sector follow-up eroded or weakened. Where the shares in the plantation sector continued to weaken.

Therefore the stocks that rose in between PT Multi Bredeer Adirama Indonesia Tbk (Mbai) rose Rp1.000 to Rp30.000, PT Mayora Indah Tbk (MYOE) rose Rp800, and PT Japfa Comefeed Tbk (JPFA) rose Rp400 to Rp5 .050.

While stocks fell, among others, PT Astra International Tbk (ASII) down Rp1.200 to Rp65.100, PT Gudang Garam Tbk (GGRM) down Rp800 to Rp40.050, and PT Indo Tambangraya Tbk (ITMG) down Rp350 to Rp44.600. (GoFinance)

::Rupiah Still Strong! >>

2011-07-06T18:19:00.001+07:00

Go Finance Reporting in JAKARTA - The rupiah is still strong despite the condition of Composite Stock Price Index (IHSG) looked shadowed by profit taking.

Rupiah, in late trading Wednesday (07/06/2011) moves to strengthen to Rp8.532 per USD from a position on the previous trading at Rp8.540 per USD.

According yahoofinance, rupiah at Rp8.542 per USD with a trading range in Rp8.517-Rp8.542 per USD. On the other hand, the dollar actually rose over other currencies. So the euro weakened to $ 1, 4367 per euro, and pound also fell to $ 1, 6026 per pound.

In the U.S. alone, orders to factories in the United States recorded an increase of 0.8 percent mom, an indication of improvement in the manufacturing sector from the economic slowdown in the first half of 2011.

The increase is lower than in April a record 0.9 percent mom. Increasing demand has also been signaling a recovery in the manufacturing sector in Japan's earthquake and tsunami disaster last March.

At the same time U.S. exports also increased, rising commodity prices and restrained. This condition supports the Fed's statement last month that the economic downturn is only temporary. (GoFinance)

::Strengthening U.S. Dollar Price of Gold Black Forced to USD94/Barrel>>

2011-07-05T22:00:00.000+07:00

Go Finance Reporting in SINGAPORE - Oil prices in Asia remained at the level of USD94 per barrel as a result of the strengthening dollar makes crude oil prices look more expensive for investors using other currencies.

As quoted by the Associated Press (AP), Tuesday (07/05/2011), the price of black gold for August delivery rose two cents to USD94, 96 per barrel in electronic trading on the New York Mercantile Exchange (Nymex). Meanwhile, London Brent crude for August delivery fell 21 cents to USD111, 56 per barrel on the ICE Futures Exchange.

The exchange rate of euro against the U.S. dollar fell to as low as $ 1, 4479 per euro from the previous $ 1, 4541 per euro.

Last week, crude oil fell almost close to USD90 a barrel after the International Energy Agency released a number of strategic reserves of 60 million barrels of oil on 24 June.

But oil prices rebounded to move before the announcement of the International Energy Agency (International Energy Agency / IEA) due to weakening against the euro after the Greek parliament approved austerity measures, to avoid debt default.

"In order to see significant weakness down there (approximately USD88), we will probably need to see the rally in the dollar," due diligence.

In other Nymex trading in contracts in August, heating oil fell 0.9 cents to $ 2, 92 per gallon, while gasoline fell 1.3 cents at $ 2, 96 per gallon. Natural gas futures rose 1.2 cents to $ 4, 32 per 1,000 cubic feet. (GoFinance)

::Gold Prices Stable in USD1.496/Ounce>>

2011-07-05T21:58:00.000+07:00

Go Finance Reporting in SINGAPORE - The price of gold was observed stable after ratings agency Standard & Poors warned of uncertainty over the rescue efforts that will be Greek to French bank debt rollover, and this could potentially lead to default.

However, it is actually a positive sentiment for gold movements did not succeed hoist up the price of this safe-haven commodities.

As quoted by Reuters on Tuesday (07/05/2011), price of gold in the spot market rose 0.09 percent to USD1.496, 84 per ounce. U.S. gold GCcv1 rose one percent to USD1.497, 60.

On the other hand, the euro almost scored its highest level against the dollar this month. Condition of Greece raises hopes the European Central Bank will raise interest rates on Thursday next.

The dollar index rose slightly on Tuesday, but there are still between lowest in the past month. Crude oil price of U.S. futures edged up on Tuesday to stay above USD95 per barrel ahead of U.S. data demand that the size of the plant world economic power and oil consumption. (GoFinance)

:: Greece Can As East Germany>>

2011-07-05T21:54:00.000+07:00

Go Finance Reporting in ATHENA - International rating agency Standard & Poor's (S & P) warned that the involvement of European private banks in the takeover of Greece's debt could increase the risk of failure.

S & P even said that if the Greeks accepted the French proposal to voluntarily change the way the Greek earned funds by involving private sector, will make Greece's debt rating under the agency's criteria. French banks, which holds the Greek foreign debt, previously wanted to Greece to extend the maturity of the bonds.

This proposal is supported by the German debt holders Greece's second largest. "If it is followed, is tantamount to failure to make Greece even more selective," said S & P. In another part, Chairman of European Finance Ministers Jean-Calude Juncker said that if the Greeks still request an additional bailout of the European Union and the IMF, in the future they will lose their sovereignty and many people lost their jobs. These consequences must be accepted Greek as an effort to avoid default on debt. The same thing never experienced the era of East Germany in the 1990s.

It was privatized state-owned enterprises reached only 14 thousand companies in the period 1990-1994. Greece has a problem on the low competitiveness as well as East Germany before joining West Germany. Before it merged with West Germany, East German communist minded listed as one of the countries in Europe with the highest unemployment rate. "The sovereignty of Greece became a limited instantaneous. The consequences would be unpleasant," said Juncker. Juncker's comments sparked criticism from U.S. President Spyros Papaspyros Adedy Working Greece.

Adedy call, Juncker has been disturbing the country's internal affairs and provoking the European rules. Saturday, July 2 last, the Minister of Finance approved the Euro Zone Greece 12 billion euro loan to prevent default. The approval came after the Greek parliament approved the austerity measures amounting to 28 billion euros ($ 40 billion) and promises to bring revenue worth 50 billion euros in 2015. The International Monetary Fund (IMF) and the European Union as well as the new Greek government will meet on July 8 to finalize a bailout is to be submitted disbursement on 15 July.

12 billion euro bailout agreed to yesterday is a continuation of the scheme's first fund worth 110 billion dollars to be disbursed in March a new 53 billion euros. However, a number of people declared, Greece still need a second bailout worth 110 billion, though still debated. EFG Eurobank economist Platon Monokroussos said Greece should accelerate fiscal adjustment and structural reform. It was necessary to balance expenditures and revenues are crippled because of loss of competitiveness.

The socialist government that regulates social welfare in Greece has not yet started selling assets and tax reform to meet the target. The new plan will be discussed this weekend. The Greek government aims to sell assets including its own properties is expected to reach 300 billion euros, although faced with a number of legal problems. Greek businessmen pessimistic target asset sales could be a success. This is due to the government-owned shares in state enterprises are low because of the recession.

"Targeting the 50 billion euro in 2015 could not be reached," said Commerce Chairman Constantinos Mihalos Athens. Meanwhile, Greek Finance Minister Evangelos Venizelos yesterday said that after the bailout approved, the Greek government is targeting economic improvement in order not to fall deeper. The initiative will be discussed in a few days or weeks ahead.

"The target we could restore the economy out of crisis and provide benefits to citizens, especially those who do not have jobs and low-income groups," he said. (GoFinance)

::Rupiah Strengthens to Rp8.540/USD>>

2011-07-05T21:49:00.002+07:00

Go Finance Reporting in JAKARTA - The sentiment of the bailout both to the Greeks of 120 billion euro currency affect other countries in Asia including Indonesia.

Rupiah, according to the middle exchange rate of Bank Indonesia (BI) on Tuesday (07/05/2011) strengthened to a level of Rp8.540 per USD compared to the previous trading period Rp8.522 per USD.

According yahoofinance, the rupiah is a little different at the level of Rp8.532 per USD with a daily trading range in Rp8.517-Rp8.537 per USD. Meanwhile, for other currencies like the euro was at $ 1, 4475 per euro, the pound was in the level of $ 1, 6122.

It is caused by the approval of the loan to Greece of 120 billion euros. So the Asia market will still be expected to positively include the rupiah. (GoFinance)

::IHSG Weakens, Because Stock Regional>>

2011-07-05T21:47:00.000+07:00

Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) this afternoon had to settle for parking in a red line. After the close of trading on the first session was monitored subsidence.

IHSG Tuesday (07/05/2011) evening fell 29.39 points, or 0.74 percent to a position equivalent to 3924.13. While the LQ45 index fell 7.34 points to 696.9 positions, as well as the Jakarta Islamic Index (JII) fell 6.55 points to 541.93.

Attenuation is supported due to regional exchanges such as the Hang Seng index fell 22.52 points ambles, Straits Times Index fell 19.6 points to 3133.84. However, only the Nikkei 225 index rose by 7.37 points.

This condition is also inevitably create internal sectors participated in the red lane. Almost all sectors recorded the red, led from the mining sector. Only the trade sector are strengthened thin.

The value of this transaction recorded in the afternoon Rp3, 32 trillion by volume as much as 3.75 billion shares. Where the 94 stocks tracked higher, stocks fell 122, and 122 shares stagnant.

Therefore, stocks that gained include PT Multi Breeder Adirama Indonesia Tbk (Mbai) rose Rp1.000 to Rp29.000, PT Goodyear Indonesia Tbk (GDYR) rose Rp450 to Rp10.950, and PT Hexindo Adiperkasa Tbk (hexa ) rose Rp450 to Rp7.700.

While the stocks that fell in between, PT Astra International Tbk (ASII) down Rp2.200 to Rp66.300, PT Bukit Asam Tbk (PTBA) down 400 to Rp20.950, and PT Bank Rakyat Indonesia Tbk (BBRI) down 200 to Rp6.700. (GoFinance)

::European Union Provides funds much as 12 Billion Euros To Greece >>

2011-07-04T19:00:00.001+07:00

Go Finance Reporting in BRUSSELS - European zone finance ministers agreed to disburse a loan of 12 billion euros to Greece.
After a conference call some time ago, 17 ministers in the euro zone agreed that the funds of 110 billion euro bailout approved for Greece on 10 May last year will be paid on 15 July, is expected to board the International Monetary Fund (IMF) could be agreed on 8 July .
The payment will allow Greece to avoid the threat of an increasingly severe crises. Greeks today still requires a second rescue fund of a total 110 billion euros and which will now allow only be completed in September.
"It has been decided by the European zone melting can be carried out before mid-September," said Greek Finance Minister Evangelos Venizelos, as quoted by Reuters on Monday (07/04/2011).
As is known, a loan of 12 billion euros will help Athens to redeem the debentures (bonds) amounted to 5.9 billion euros in August. but the government still has a lot of other debt.
Greece has repeatedly failed to meet budget targets set, so it increases the risk that the crisis will continue to spread throughout the Euro zone if it has not been resolved.
The second program will help with the cost Greek conducted from 2011-2014. Greece will also raise about 30 billion euros from privatization, while the EU and the IMF will provide approximately 50 billion euros. (GoFinance)

::Confidence growing, IHSG Parking in 3953>>

2011-07-04T18:45:00.002+07:00

Go Finance Reporting in JAKARTA - Composite Stock Price Index (IHSG) continued to carve out a new record level through 3950. Passion investors on the stock exchange continues to boost the stock indexes today.

IHSG, Monday (07/04/2011) afternoon closed up 26.42 points, or 0.7 percent, to 3953.52. LQ45 index rose 5.38 points to 704.24 and the Jakarta Islamic Index (JII) rose 7.56 points to 548.48.

Trading volume today as much as 4.702 billion shares worth Rp 4, 374 trillion. As many as 112 stocks advanced, 110 stocks fell, and 97 stocks unchanged prices. Foreign investors more confident doing the action purchased with the net buying rates for Rp430, 103 billion.

The manufacturing sector is now leading the reinforcement with rose 12.99 points, followed by the mining sector which rose 8.7 points.

Asian stocks more solidly in the green belt. Hang Seng Index soared 372.37 points, or 1.66 percent, to 22,770.47, the Nikkei 225 rose 97.02 points, or 0.98 per cent and Straits Times index rose 6.53 points, or 0.24 percent, to 3146.69.

Meanwhile, European bourses moved even though it is still dominated strengthening mixed in early trading today in response to the bailout of Greece. CAC 40 rose 0.71 points, or 0.02 percent, to 4008.06, the DAX rose 13.11 points, or 0.18 percent to 7432.29 and the FTSE 100 index rose 11.11 points, or 0.19 percent, to 6000.84.

Stocks are moving higher (top gainers) including PT Astra International Tbk (ASII) rose Rp2.950 to Rp68.500, PT Indomobil Sukses Makmur Tbk (IMAS) rose Rp1.600 to Rp9.650 and PT United Tractors Tbk (UNTR ) rose 500 to 25,000.

While stocks are moving down (top lossers) including PT Gudang Garam Tbk (GGRM) down Rp1.200 to Rp48.800, Multibreeder Adirama PT Tbk (Mbai) down Rp750 to Rp28.000 and PT HM Sampoerna Tbk (HMSP) down 300 to Rp28.700. (GoFinance)

::Rupiah Strengthens Because Weakening U.S. Dollar>>

2011-07-04T18:14:00.000+07:00

Go Finance Reporting in JAKARTA - United States Dollars (U.S.) moves down and makes the value of other currencies to strengthen. Likewise with the rupiah is now getting closer to the level of Rp8.500's.

Rupiah, according to the middle exchange rate of Bank Indonesia (BI) on Monday (07/04/2011) rose to Rp8.522 per USD compared to the previous trading period Rp8.563 per USD.

According yahoofinance, the rupiah even exist at the level of Rp8.512, 5 per USD with a daily trading range in Rp8.507-Rp8.547 per USD. Also observed depressed dollar over other currencies. Against the euro, the dollar weakened to $ 1, 4526 per euro, the pound also rose to $ 1, 6122 per pound.

Some U.S. economic data that will be announced at this week is expected to record improvement according to Blomberg surveys. Estimated repair is the factory orders data, initial jobless claims, nonfarm payrolls, private payrolls, manufacturing payrolls and unemployment rate is expected to remain at 9.1 percent.

As for the ISM nonmanufacturing index is expected to fall. Previous ISM manufacturing index rose from 53.5 in May to 55.3 in June. The market responded positively to increased manufacturing index after nearly a month ago U.S. economic data showed weakness, plus the approval signal from the U.S. Republican Party to raise U.S. debt limit from the current position of $ 14, 3 trillion. (GoFinance)

::Euro Weakens, Oil prices in Asia down to USD92/Barel>>

2011-06-20T21:41:00.000+07:00

Go Finance Reporting in SINGAPORE - Oil prices in Asian markets crashing below USD93 per barrel level after Greece shocked the issue of financial crises that undermine investor confidence in the euro currency.

As quoted by the Associated Press (AP), Monday (06/20/2011), benchmark crude for July delivery this afternoon when Singapore fell 40 cents to USD92, 61 per barrel in electronic trading on the New York Mercantile Exchange (Nymex). When compared with last Friday's close, there is a decrease of $ 1, 94 a barrel or two percent at the level of USD93, 01.

Meanwhile, in London, Brent crude for August delivery fell 67 cents to USD112, 54 per barrel on the ICE Futures Exchange.

In addition to the Greek factor, a factor strengthening U.S. dollar also contributed to drag oil prices continue to decline from almost penetrate USD115 at the beginning of the month.

Meeting of eurozone finance ministers did not produce an agreement to provide additional emergency assistance for Greece which is necessary for the country to avoid bankruptcy in the next month.

The euro weakened to $ 1 Monitored, 4281 per euro in trading today from USD1, 4307 per euro at the close of the weekend.

"We think that the strengthening U.S. dollar will continue and bring the price of oil through $ 80 a barrel level," said energy consultant Schork Group.

According to him, if the euro weakened to below USD1, 4 per euro then the likelihood of oil prices will fall lower than USD88 per barrel.

In other Nymex trading in the contracts in July, heating oil fell 1.3 cents to $ 2, 97 per gallon, while gasoline fell 1.7 cents to $ 2, 93 per gallon. Natural gas futures fell 1.7 cents to $ 4, 31 per 1,000 cubic feet. (GoFinance)

::Gold Prices Print record high points>>

2011-06-20T21:38:00.000+07:00

Go Finance Reporting in SINGAPORE - The price of gold moves higher gains the highest price in one day in three weeks. This happens due to the falling U.S. dollar exchange rate and the progress of Greece's debt crisis.

As quoted by Reuters on Monday (06/20/2011), the price of gold rose $ 1, 40 to USD1.539, 80 per ounce. Earlier, on Friday last week, gold also rose to USD1.541. However, gold prices are still below the highest level at approximately USD1.575 in early May.

While silver prices stabilized at $ 36, 00 an ounce, below the record highs USD49, 51 per ounce in April.

Finance ministers postpone decision to extend the European zone further assistance of 120 billion euros, or $ 17 billion in emergency loans to Greece. Because the Greek government should first do the saving.

Greek parties say they need the loan to avoid default to pay the debt in mid-July. The ministers affirmed that the disbursement of the loan will depend on the law of the Greek parliament on the issue of fiscal reform and the sale of state assets.

In addition to formal loans, the new bailout will include the rollover will also voluntarily by private investors on their holdings in Greek government securities. But in a statement, it does not say how large the bailout. (GoFinance)

::Japan's export sales drop 10.3%>>

2011-06-20T21:35:00.000+07:00

Go Finance Reporting in TOKYO - Japan's export performance in May 2011 decreased 10.3 percent compared to same period previous year. Japan hit by massive losses, especially in the automotive sector following the earthquake and tsunami disaster.

As quoted from the Associate Press on Monday (06/21/2011), Japan's exports to 4.76 trillion yen, equivalent to $ 6 billion. While imports rose 12.3 percent to 5.61 trillion yen, so the trade deficit was recorded 853.7 billion yen. It is Japan's second-largest deficit after deficit of 967.9 billion yen in January 2009.

Japanese automobile exports in May fell 38.9 percent and shipments of auto parts fell 18.5 percent because of the earthquake and tsunami that struck on March 11, northern Japan.

The disaster left more than 23,000 people dead and missing, also destroyed hundreds of factories in the northeastern coast of Japan. This forced manufacturers such as Toyota Motor Corp. and Sony Corp. to stop production. Japanese exports to the United States fell 14.6 percent in May. U.S. bound export car nose dived 43.5 percent in the month.

Exports to China, Japan's largest trading partner fell 8.1 percent. As for Asia, exports dropped 8.7 percent, and Japan's exports to the European Union fell 8.8 percent. (GoFinance)

::EU Delays Provide Emergency Assistance to Greece>>

2011-06-20T21:32:00.000+07:00

Go Finance Reporting LUXEMBOURG - Finance Ministers of the European Zone postpone its decision to extend further assistance amounting to 120 billion euros, or $ 17 billion in emergency loans to Greece. Because the Greek government should first do the saving.

Greek parties say they need the loan to avoid default to pay the debt in mid-July. The ministers affirmed that the disbursement of the loan will depend on the law of the Greek parliament on the issue of fiscal reform and the sale of state assets.

As quoted by AFP on Monday (06/20/2011), the ministers issued a statement after a seven-hour hold meetings in Luxembourg. The ministers also plan a second bailout for Greece after the first bailout provided 110 billion euros in May last year.

The minister said that in addition to official loans, the new bailout will include the rollover will also voluntarily by private investors on their holdings in Greek government securities. But the statement did not say how large the bailout.

Meanwhile, Prime Minister of Greece George Papandreou asks citizens to support the austerity measures and avoid disaster by default. He also appealed for the nation to receive a very unpopular tax increases, spending cuts and privatization plans that are required of international donors.

"The consequences of bankruptcy violent or out of the euro zone would be a disaster for households, banks and the credibility of the state," said Papandreou. (GoFinance)

::Global Exchange Fire, IHSG Enduring on the Green Line>>

2011-06-20T21:28:00.000+07:00

Go Finance Reporting in JAKARTA - Although still in the green belt, the trade Composite Stock Price Index (IHSG) began to slow compared to the morning trading session which influenced the negative sentiment that swept the regional and global exchanges.

IHSG, Monday (06/20/2011) afternoon closed up 6.82 points, or 0.2 percent, to 3729.12. LQ45 index rose 1.52 points to 660.31 and the Jakarta Islamic Index (JII) rose Rp1, 33 points to 512.29.

Trading volume today was recorded as 4.24 billion shares worth Rp2, 83 trillion. As many as 86 stocks advanced, 143 stocks fell, and 97 stocks experienced price changes. Foreign investors continued selling the action net Rp41, 212 billion.

Asian stocks again buffeted by negative sentiment that makes a number of exchanges plunged into the red zone as the Hang Seng index slipped 95.75 points, or 0.44 percent to 21,599.51 and the broader All Ordinaries index fell 38.6 points, or 0.85 percent, to 4512 , 5. While the Nikkei 225 index still rose a thin 2.92 points, or 0.03 percent, to 9354.32 and the Straits Times rose 13.31 points, or 0.44 percent, to 3017.03.

European bourses are compact in the red zone after a decision postponed a bailout for the Greek cause and the impact on the euro weakened capital markets. FTSE 100 down 66.1 points, or 1.16 percent, to 5648.65, the CAC 40 fell 53.85 points, or 1.41 percent to 3769.99 and the DAX fell 96.03 points, or 1.35 percent to 7067.93 .

Strengthening consumer sector still leads with 12.78 points followed up the mining sector which rose 3.2 points and the manufacturing sector rose 2.51 points.

Stocks are moving higher (top gainers) including PT Surya Toto Indonesia Tbk (TOTO) rose Rp 4.000 to Rp42.000, PT Dian Swastatika Sentosa Tbk (DSSA) rose Rp1.000 to Rp16.000, and PT Gudang Garam Tbk (GGRM) rose Rp 1,000 to Rp 45.300.

While stocks are moving down (top lossers) including PT Indocement Tunggal Prakasa Tbk (INTP) down Rp350 to Rp16.550, PT Bukit Asam Tbk (PTBA) down Rp 250 to Rp 20.550, and PT Adira Dinamika Multifinance Tbk (ADMF) down Rp 200 to Rp 12.800. (GoFinance)

::Depressed Rupiah Greek Issues>>

2011-06-20T21:24:00.000+07:00

Go Finance Reporting in JAKARTA - The rupiah seemed depressed by the weakening euro against the dollar the United States (U.S.). The weakening of the euro is linked to the news of the bailout both to Greeks who have not liquid as well.

Rupiah, according to the middle exchange rate of Bank Indonesia (BI) at the level of parking Rp8.578 per USD, rose when compared with the previous trading period at Rp8.595 per USD.

Meanwhile, according yahoofinance, rupiah at Rp8.617, 5 per USD with a daily trading range in Rp8.587-Rp8.617 per USD. While on the other hand, seem to be rallying above U.S. dollar and other currencies. The euro fell to Rp1, 42 per USD, and the pounds fell 1.6137 per USD.

A stronger U.S. dollar is not separated from the news that blow in Greece. Finance ministers of the European Union (EU) met on June 19 to 20 yesterday to talk about a second bailout for Greece so as not to trigger widespread defaults.

German Chancellor who had previously refused, Greece expects bondholders are willing to do an extension on a voluntary basis with incentives. The meeting will formulate incentives and will set out in EU-led meeting on June 23 to 24 this.

Although the scheme is still complicated, but it seems the EU will approve the bailout plan as requested by the Greeks to prevent a larger financial crisis especially Italians threatened downgrades by Moody's from the current position at Aa2. (GoFinance)

::National Coffee Production Declines>>

2011-06-19T17:20:00.000+07:00

Go Finance Reporting in JAKARTA - The Association of Indonesian Coffee Exporters and Industry (AEKI) predicts, national coffee production this year will reach 600 thousand tons. That number has decreased compared to last year. Chairman AEKI Suyanto Husein said, national coffee production last year was approximately 640 thousand tons.

Actually, Suyanto said, earlier this year, production is targeted to reach 700 thousand tons. However, he continued, the target was revised due to weather conditions that have not been good and still a lot of old coffee plants. Thus, according to Suyanto, production in some areas also decreased. Currently, said Suyanto, 90 percent of the total 1.2 million hectares (ha) coffee plantation in Indonesia are managed by small farmers.

"We will establish cooperation with relevant ministries to provide a broader land for farmers. In order for the next 10 years of production could reach 900 thousand-1, 2 million tons. We also want to improve the quantity and quality by expanding the land and the use of organic fertilizers, "Suyanto said in Jakarta last weekend.

Suyanto said, the effort to improve coffee production is expected to be in line with national growth of coffee consumption. Including, he said, to realize the development of downstream industries in the domestic coffee. The plan, he said, had discussed with the Minister of Industry, MS Hidayat.

"We hope, in the domestic coffee consumption continues to rise. Currently, it has grown and become part of the lifestyle. It appears from the development of the coffee shop," said Suyanto.

AEKI noted, at this time, Indonesia is the third largest coffee producer in the world, after Brazil and Vietnam. Meanwhile, Indonesia's coffee exports in 2010 is 443 thousand tons, valued at USD791, 76 million.

"Currently, the high demand for coffee in the world. The price is also starting high. If 10 percent of Indonesia's population who drink up to three cups of coffee per day, we finished production is absorbed locally," said Vice Chairman AEKI specialty fields and Coffee Industry Pranoto Soenarto.

Therefore, he added, the program increased production with land development, should be focused on farmers. So, can enjoy the growth of the world coffee market.

"If you can, industries with large-scale coffee companies do not invest in medium-land again. We propose the addition of farmers' land only. So, in the domestic industry to buy from farmers," said Pranoto. (GoFinance)

::Not Perfect, PP 54 Precisely Inhibitory Expenditure Budget>>

2011-06-19T17:18:00.000+07:00

Go Finance Reporting in JAKARTA - The Ministry of Finance to assess the implementation of Government Regulation (PP) No. 54 regarding the procurement of goods and services does not encourage the realization of shopping Ministry Institute. This is evident when compared with last year, actual spending is lower this year.

"Because there are obstacles in between the PP 54, PP because it turns out it does not accelerate the realization of shopping," said Herry Purnomo Directorate General of Budget in his office, Wahidin Jalan Raya, Jakarta, last weekend.

The low absorption, he said, because there are less perfect and the PP 54. "So the average was re-tender, who was at the tender last year was due to changes in government regulations, it is overloaded," he explained.

Harry said, compared with last year, slides realization shopping this year are even lower. "That was until May but now June, we shall make a report of the semester, but if completed by the end of June," he said.

The PP 54 Year 2010 guidelines contain about procurement of goods / services of the government, speed up the procurement process, so that procurement contracts can be implemented in January / February (Beginning Fiscal Year in progress).

Earlier, Director General of Treasury Agus Suprijanto revealed some ministry from the ministry just Institution of Public Works are already Implement tender since November. "But implementation is still April," he said in Jakarta. (GoFinance)

::RI-Russia Agree on Nuclear Energy Cooperation and Railways>>

2011-06-19T17:14:00.000+07:00

Go Finance Reporting in Jakarta - Two ministers in economics from Russia and Indonesia agreed on cooperation in four sectors. Sector who will be explored include the development of nuclear energy and railways.

It is delivered by the Special Staff of the Coordinating Minister for Economic Affairs Amir Sambodo, Saturday (06/18/2011).

"Coordinating Minister Hatta Rajasa met with Russian Minister of Economic Development, Elvira Nabiullina. Chief Economic Minister M. Hatta Rajasa deliver four areas of Indonesia-Russia cooperation," said Amir.

The four sectors are the subject of cooperation are:

     1. Good security (food security)
     2. Energy including the development of nuclear energy for peace
     3. Transport including trains
     4. Trade and investment

"The Russian government welcomes these four areas of cooperation," said Amir.

Amir explained, Russian Minister of Economic Development will be delivering the food security agenda in the APEC meeting in 2012 in Russia.

"Russia calls on the government of Indonesia to finalize the topic of food security to meet the APEC meeting," said Amir.

Hatta Rajasa was indeed central to Russia to attend the St. Petersburg International Economic Forum on 16-17 June 2011.

Hatta will deliver a presentation on the Asia Pacific Economic Cooperation (APEC): The Evaluation and Continuation of a substantial agenda.

He also scheduled meetings with Russian businessmen intending to invest in Indonesia, among others in the mining sector and Nickel smelter with an investment of U.S. $ 6 billion. (GoFinance)