*Biar Berita nya BALANCE*
*http://biz.yahoo.com/ap/081007/wall_street.html*
*AP*
Wall Street set for shaky start after global rout
Tuesday October 7, 9:06 am ET
By Joe Bel Bruno, AP Business Writer
Wall Street heads for unsteady open as investors looking for rate cut to
steady markets
NEW YORK (AP) -- Wall Street headed to a shaky start Tuesday after a huge
sell-off the previous session, with investors waiting to see if central
banks would try to alleviate the ongoing turmoil in the credit markets by
cutting interest rates.
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central bank cut interest rates by the largest amount since 1992 in a
surprise move, and that reignited hopes that others including the Federal
Reserve and European Central Bank might follow. The move helped Asian
markets, and later European bourses, rebound from a global rout in stocks on
Monday.
U.S. investors were optimistic early in the morning, but that upbeat
sentiment was receding when no Fed cut was announced in the hour before
trading began on Wall Street.
Investors believe a rate cut will help reanimate the credit markets that
have been stagnant for weeks. The markets seized up after the failure of
Lehman Brothers Holdings Inc., and banks have been reluctant to lend to most
customers, including other banks, fearing they won't be repaid.
Dow Jones industrial average futures gave up an earlier moderate gain and
fell 12, or 0.24 percent, to 9,952. Standard & Poor's 500 index futures rose
2.90, or 0.27 percent, to 1,056.20, while Nasdaq 100 futures rose 3.50, or
0.25 percent, to 1,410.00.
In Asia, the Nikkei 225 closed 3.58 percent lower, responding to a turbulent
session Monday on Wall Street, where the Dow Jones industrials skidded as
much as 800 points before closing with a loss of 370.
Europe markets were mixed after being up uniformly earlier. In Britain, the
FTSE-100 rose 1.16 percent, Germany's DAX fell 0.21 percent, and France's
CAC-40 rose 1.14 percent.
Financial markets around the world have taken a bleak view of the global
economy, believing that government bailouts including the $700 billion plan
to rescue battered U.S. banks won't in the near term limit the damage to the
banking systems of many countries.
Monday's sell-off put the Dow below 10,000 for the first time in four years,
and that will likely bring some buyers into the market looking for bargains.
Wall Street rallied in the final 90 minutes of trading Monday, with some of
the buying driven by speculation that a rate cut was in the offing.
Both Fed Chairman Ben Bernanke and European Central Bank President
Jean-Claude Trichet have speeches scheduled Tuesday, and the Fed is due to
release minutes from the last interest-rate setting meeting.
Though not giving the market a rate cut that many traders have been
clamoring for, the Fed has taken other steps to help unclog the credit
markets. On Tuesday, policymakers provided more details about when it will
make $900 billion in short-term loans available to squeezed banks.
The loans -- part of an effort to ease intensifying credit stresses -- are
made available to banks through auctions. The Fed, in coordination with
other countries' central banks engaged in similar efforts, laid out dates
that it will conduct the auctions through the rest of this year.
In addition, the Fed is working with the Treasury on a plan to buy
commercial paper, the short-term financing mechanism that many companies
rely on to fund day-to-day operations, according to a person with knowledge
of the plan. The person asked not to be identified because the plan is still
being put together.
Traders might get a better idea of what central bankers are thinking when
the Fed releases minutes from its Sept. 16 meeting. Policymakers, who will
meet again later this month, previously left its key interest rate unchanged
at 2 percent.
Concerns about the credit markets still pushed investors into the relative
safety of government debt. Investors moved into longer-term Treasury bonds,
with the yield on the 10-year note fell to 3.48 percent from 3.58 percent
late Monday.
However, speculation that the Fed might cut interest rates caused yields on
shorter-term debt to rise. The yield on the three-month Treasury bill
rebounded to 0.64 percent from 0.50 percent late Monday.
Demand for Treasurys remains high because of their safety; investors are
willing to take extremely low returns just to have their money in a secure
place.
Oil prices rebounded to near $90 Tuesday, a day after plunging to an
eight-month low on concerns a global recession will undermine demand for
crude. Light, sweet crude rose $3.07 to $90.88 a barrel in electronic
trading on the New York Mercantile Exchange.
In corporate news, Bank of America Corp. is expected to fall after reporting
late Monday that profits fell 68 percent during the third quarter. The bank
also said it will raise $10 billion by issuing common stock and slashed its
dividend.
Technology stocks got a boost after chip maker Advanced Micro Devices Inc.
said it will spin off its manufacturing businesses into a new joint venture
with Abu Dhabi-backed Advanced Technology Investment Co. AMD said the deal
will dramatically cut costs and allow it to better compete with chief rival
Intel Corp.
Wall Street is also looking for Alcoa Inc. to unofficially kick off earnings
season when it releases results after the closing bell. The company is
expected to report a profit of 51 cents per share, down from 55 cents in the
year-ago period.
Pada 7 Oktober 2008 20:00, Dadi Resmawan <[EMAIL PROTECTED]> menulis:
> Klik dan baca.. judul pada tulisan berikut :
>
> - 07/10/2008 17:14 WIB
> Review IHSG
> Hijau Sesaat, Melemah
> Kemudian<http://www.detikfinance.com/read/2008/10/07/171428/1016700/6/hijau-sesaat-melemah-kemudian>
>
>
> - 07/10/2008 18:45 WIB
> Bank Islandia Korban Baru
> Krisis<http://www.detikfinance.com/read/2008/10/07/184507/1016727/5/bank-islandia-korban-baru-krisis>
> - 07/10/2008 18:01 WIB
> Belanda Umumkan Bank Indover dalam Kondisi
> Darurat<http://www.detikfinance.com/read/2008/10/07/180125/1016717/5/belanda-umumkan-bank-indover-dalam-kondisi-darurat>
> - 07/10/2008 16:05 WIB
> Lelang SUN Distop Karena Krisis
> Global<http://www.detikfinance.com/read/2008/10/07/160537/1016637/5/lelang-sun-distop-karena-krisis-global>
> - 07/10/2008 15:53 WIB
> Menkeu Jualan Sukuk di
> Dubai<http://www.detikfinance.com/read/2008/10/07/155312/1016628/5/menkeu-jualan-sukuk-di-dubai>
> - 07/10/2008 15:15 WIB
> BI Rate Naik, Dunia Usaha
> Menjerit<http://www.detikfinance.com/read/2008/10/07/151533/1016607/5/bi-rate-naik-dunia-usaha-menjerit>
> - 07/10/2008 14:13 WIB
> Pelajari Pusat Krisis AS, Gubernur BI Hadiri Sidang
> IMF<http://www.detikfinance.com/read/2008/10/07/141345/1016569/5/pelajari-pusat-krisis-as-gubernur-bi-hadiri-sidang-imf>
> - Penarikan Reksa Dana Masih
> Tipis<http://www.detikfinance.com/read/2008/10/07/190646/1016757/6/penarikan-reksa-dana-masih-tipis>
> - 07/10/2008 17:37 WIB
> Borong Saham Bakrie, Danatama Gagal
> Bayar<http://www.detikfinance.com/read/2008/10/07/173726/1016709/6/borong-saham-bakrie-danatama-gagal-bayar>
> - 07/10/2008 17:31 WIB
> Pelemahan Rupiah Tertahan di
> 9.560/US$<http://www.detikfinance.com/read/2008/10/07/173107/1016706/6/pelemahan-rupiah-tertahan-di-9560/us$>
> - 07/10/2008 16:33 WIB
> Rumor Gagal Bayar, BEI Minta Penjelasan Grup
> Bakrie<http://www.detikfinance.com/read/2008/10/07/163359/1016668/6/rumor-gagal-bayar-bei-minta-penjelasan-grup-bakrie>
> - 07/10/2008 16:17 WIB
> IHSG Terus Terpuruk di Zona
> Merah<http://www.detikfinance.com/read/2008/10/07/161732/1016660/6/ihsg-terus-terpuruk-di-zona-merah>
> - 07/10/2008 14:45
> WIB<http://www.detikfinance.com/read/2008/10/07/144518/1016578/4/krisis-as-goncang-industri-hulu-migas-ri>
> - Krisis AS Goncang Industri Hulu Migas
> RI<http://www.detikfinance.com/read/2008/10/07/144518/1016578/4/krisis-as-goncang-industri-hulu-migas-ri>
>
> Mudah-mudahan... RI siap hadapi imbas Krisis global berikutnya.... !!!
>
>
>
