Wall Street Week Ahead: Time for some more stimulus? ReutersReuters 3 hours ago
By Edward Krudy NEW YORK (Reuters) - Things are shaping up for another hot summer on Wall Street, and there is a long, long way to go yet. Federal Reserve Chairman Ben Bernanke will be back on Capitol Hill on Thursday to testify before a congressional committee about the state of the U.S. economy. He's not going to get an easy ride. The blue-chip Dow average (.DJI) of stocks is now negative for the year. Employment appears to be slowing to a snail's pace and Europe remains mired in crisis. "This puts the Fed firmly in play and they will likely feel compelled to respond," said Tom Porcelli, chief U.S. economist at RBC Capital Markets in New York, after data on Friday showed U.S. job growth in May was the weakest in a year. "The missing ingredient preventing the Fed from action had been the equity market, but now we are seeing it softening," he said. "Equities are falling and that was the last hurdle for Fed policy action because all the other criteria have been met." For the week, the Dow Jones industrial average fell 2.7 percent, the Standard & Poor's 500 index (.SPX) was down 3 percent and the Nasdaq composite index (.IXIC) fell 3.2 percent. The Fed's next policy meeting occurs on June 19-20. A Reuters poll of 15 dealers gives a 35 percent chance of the Fed extending its stimulative operating twist at that meeting. The poll showed that dealers expecting further quantitative easing, or QE3, rose to 50 percent from 33 percent in May. Stock market rallies in each of the past three years were fueled by combinations of massive central bank and government stimulus spending. That maybe the only hope for equities this year, too. The world's economic outlook darkened on Friday as reports showed as well as slowing U.S. employment growth, Chinese factory output barely grew and European manufacturing fell deeper into malaise. "It certainly suggests that perhaps the softness in Europe is either influencing the U.S. or that the U.S. recovery may not be strong enough to overcome the softness in Europe," said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. "I underestimated the relationship or the alignment of the world markets to the European markets," he said. "I felt that Europe could potentially proceed in their own little corner of the world. For right now anyway it just doesn't seem that way." Nothing tells the story of the global economy at the moment better than the world's equity markets. Bear markets are raging in Spain, Italy, Brazil and Russia. Asian stocks have been weak. Most of Europe's other markets are negative for the year, and that is where U.S. stocks are going - and fast. "I don't see any compelling reason to think that we are going to have any sustained recovery absent new fiscal, monetary stimulus, not only here in the United States but perhaps even more importantly elsewhere around the world," said Clark Yingst, chief market analyst at Joseph Gunnar. Yingst said that signs of more stimulus may be a compelling reason to get bullish. We will be "watching very closely for new fiscal and monetary stimulus from a variety of countries. I think the source will be important, I think the magnitude, the scope will be important," he said. On Friday the S&P 500 fell 2.5 percent, edging below its 200-day moving average for the first time since December. The level is closely watched by investors, and a significant breach there could open the way for steeper losses. That looks like a distinct possibility at the moment. Greece will face new elections in two weeks. A victory for parties that oppose the bailout led by the European Union and International Monetary Fund could start the ball rolling on the country's withdrawal from the euro zone. Such an event would have unforeseen consequences for the global economy and financial markets. Part of the 6.3 percent drop in the S&P 500 in May - its worst month since September - was about pricing that in. But it is anyone's guess how far stocks will fall if a Greek exit sparks the Lehman-type event that some investors fear. Fears the euro-zone debt crisis is spilling over to the United States sparked fresh buying of U.S., German, Japanese, Swiss and Nordic government debt, which are perceived as safe havens in times of market turbulence. Yields on the benchmark 10-year Treasury note hit 1.442 percent, the lowest level in records going back to the early 1800s. At the same time, funding options are narrowing for companies across the globe as issuers are shut out of markets due to risk aversion for weaker credits and demand for spread that is sending costs soaring. Volume in the robust U.S. investment-grade market has dwindled from $284.8 billion in the first quarter to just $118.7 billion in the first two months of the second quarter, according to data from IFR, a unit of Thomson Reuters. That number is expected to fall even more in the summer. But not everyone is hitting the sell button. Zahid Siddique, associate portfolio manager of the Gabelli Equity Trust, says his two to four year time horizon and focus on value is allowing him to add to positions in sectors that are getting hit the hardest. "Companies that we liked before are becoming more attractive from a valuation perspective and we have been buying more of those," he said. "We just buy on any dips and exit when valuations reach our assessment of value." Siddique said he'd been adding to holdings in auto suppliers, aerospace and consumer sectors. (Reporting By Edward Krudy; Editing by Kenneth Barry) --- In [email protected], "aloysiussiwira" <aloysiussiwira@...> wrote: > > Why the Dow Plunged Today > > After finishing its worst month in two years yesterday, investors may have > been asking themselves whether the Dow Jones Industrial Average (INDEX: ^DJI > ) would turn itself around in June. Unfortunately, at least for now, the > answer is an emphatic "no." > > Today, a dismal U.S. jobs report combined with weak manufacturing data from > around the world to help drop the Dow down more than 2%. That was enough to > push the blue chip index into the red for all of 2012. > > The day got off to a bad start before the bell, when U.S. jobs data showed > that payrolls increased by just 69,000 in May, the smallest increase in a > year. On top of that, April's jobs number was revised significantly lower > that initially reported. Manufacturing data from around the world was also > underwhelming. U.S. manufacturing growth slowed more than expected in May, > while eurozone manufacturing contracted for the 10th straight month. Asia > wasn't immune, either -- manufacturing in China grew less than expected in > May, leading more investors to call for stronger stimulus from the government. > > Let's check the damage and see how the three major U.S. indices fared on the > day: > > Index > > > Change > > > Ending Value > Dow Jones Industrial Average -274.88 [-2.22%] 12,118.57 > Nasdaq -79.66 [-2.82%] 2,747.48 > S&P 500 -32.29 [-2.46%] 1,278.04 > > It didn't get any prettier looking at individual stocks; all 30 Dow > components finished the day in negative territory. Hewlett-Packard (NYSE: HPQ > ) was the biggest Dow loser, plummeting 6.3%. The poor U.S. economic reports > certainly didn't help the stock, but perhaps the biggest catalyst for the > drop was a downgrade to "hold" from Peter Misek of Jeffries & Co., saying > that the company could continue to be hurt by its lack of a meaningful > presence in the smartphone and tablet computer space. > > The financial sector as a whole seemed to take the hardest hit today, with > Bank of America (NYSE: BAC ) dropping 4.5%, American Express down 4.3%, and > JPMorgan Chase (NYSE: JPM ) falling 3.7%. Considering the financial sector > is one of the most sensitive to consumer habits and the economy as a whole, > this is not terribly surprising. Still, Bank of America remains the Dow's top > performer in 2012, up 26% year to date. > > Outside the Dow, Facebook (Nasdaq: FB ) continued its slide, dropping 6.4%. > The stock wasn't able to replicate yesterday's improbable comeback when it > rallied from down 4% to finish up 5% in just a few hours of afternoon > trading. There continue to be plenty of events for Facebook investors to > digest, including the rumors of a Facebook smartphone, a potential takeover > of Web browser company Opera Software, and the beginning of options trading > on the stock this week. Above all, investors continue to wonder whether the > company can do a better job of monetizing its huge user base and mobile > traffic. > > The big picture > After a day like today, it can be tempting to run far away from the stock > market. But that can be one of the worst mistakes long-term investors can > make. The most successful stock picks are often great businesses purchased at > attractive prices that grow over many years. Our analysts have uncovered one > such company in our new report, "The Motley Fool's Top Stock for 2012." It > highlights a company that is revolutionizing commerce in Latin America. You > can get instant access to the name of this company -- it's absolutely free. > The Steve Jobs Betrayal > You may already know that in the final year of his life, Jobs revealed a > stunning betrayal and told his biographer, "I will spend my last dying > breath... and every penny of Apple's $40 billion in the bank to right this > wrong." What was it that made Jobs so irate and why could it make a few > in-the-know investors some major profits over the coming months and years? > > > --- In [email protected], "aloysiussiwira" <aloysiussiwira@> wrote: > > > > Wall Street sinks on U.S. jobs data, Dow negative for 2012 > > Reuters > > > > Stocks fell more than 2 percent on Friday, dragging the Dow into negative > > territory for the year after a dismal U.S. jobs report added to fears that > > Europe's spiraling debt crisis was dragging down the ... > > > > Dow Jones Industrial Average (^DJI) > > -DJI > > > > 12,118.57 Down 274.88(2.22%) June 1,4:04PM EDT > > Add to Portfolio > > Prev Close: 12,393.45 > > Open: 12,391.56 > > Day's Range: 12,107.48 - 12,391.63 > > 52wk Range: 10,362.30 - 13,359.60 > > Compare Brokers > > Quotes delayed, except where indicated otherwise. Currency in USD. > > Yahoo! Finance Exclusives > > > > By Rodrigo Campos > > > > NEW YORK (Reuters) - Stocks fell more than 2 percent on Friday, dragging > > the Dow into negative territory for the year after a dismal U.S. jobs > > report added to fears that Europe's spiraling debt crisis was dragging down > > the world economy. > > > > The S&P 500 closed at its lowest since early January and ended below its > > 200-day moving average for the first time in 2012 after the Labor > > Department said employers created just 69,000 jobs last month, the weakest > > in a year. > > > > The bleak May jobs report caps a week of soft economic data from China and > > growing problems in Europe as Spain's bank crisis deepened. > > > > The global flight to safety pushed U.S. and German government debt yields > > to record lows while the VIX (.VIX), a gauge of U.S. stock market anxiety, > > jumped more than 20 percent for the week. > > > > "The vast majority of investors are choosing to panic," said Brian > > Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in > > Menomonee Falls, Wisconsin. > > > > "It's been pretty clear for the last year that Europe was going to be a > > drag for the global economy." > > > > Though steep, Jacobsen said he would view the pullback as a buying > > opportunity unless it pushed the S&P 500 below 1,250. > > > > The Dow Jones industrial average (DJI:^DJI - News) fell 274.88 points, or > > 2.22 percent, to 12,118.57 at the close. The S&P 500 Index (MXP:^GSPC - > > News) dropped 32.29 points, or 2.46 percent, to 1,278.04. The Nasdaq > > Composite (NAS:^IXIC - News) dropped 79.86 points, or 2.82 percent, to > > 2,747.48. > > > > The benchmark S&P 500 ended below its 200-day moving average, which was > > 1,284.53 late Friday afternoon. > > > > Friday's decline was the largest daily percentage drop for the S&P 500 > > since November 9, when a spike in Italian benchmark bond yields sent the > > broad U.S. stock index down 3.7 percent. > > > > For the week, the Dow fell 2.7 percent, the S&P 500 lost 3 percent and the > > Nasdaq dropped 3.2 percent. > > > > Financial sector stocks were among the worst hit in Friday's selloff, with > > the KBW bank index (DJI:^BKX - News) down 4.9 percent, its largest daily > > drop since early November. > > > > "Most investors don't think the problem in Europe is going to infect the > > U.S. economy as much as it would the U.S. financial system," Wells Fargo's > > Jacobsen said. > > > > JPMorgan Chase & Co (NYS:JPM - News) fell 3.7 percent to $31.93 and Bank of > > America Corp (NYS:BAC - News) slid 4.5 percent to $7.02. > > > > More than six issues fell for every one that rose on the New York Stock > > Exchange, while on the Nasdaq, more than five stocks fell for every one > > that advanced. > > > > Homebuilders ranked among the weakest stocks. Pulte Group (NYS:PHM - News) > > plunged 11.8 percent to $8.26 while D.R. Horton (NYS:DHI - News) lost 8.4 > > percent to $15.21. The PHLX housing sector index (XPH:^HGX - News) fell 6.3 > > percent, but it was still up nearly 14 percent for the year. > > > > In one of the few positive moves of the day, Newmont Mining (NYS:NEM - > > News) surged 6.7 percent to $50.30 and Barrick Gold (ABX.N) added 7.3 > > percent to $41.91 as the price of gold scored its biggest one-day rise in > > slightly more than three years. (GOL/) > > > > More than 8.3 billion shares changed hands on the New York Stock Exchange, > > the Nasdaq and Amex, about 21 percent higher than the year-to-date daily > > average of 6.85 billion shares. > > > > (Reporting by Rodrigo Campos,; Editing by Dave Zimmerman and Jan Paschal) > > > > > > > > > > --- In [email protected], "aloysiussiwira" <aloysiussiwira@> wrote: > > > > > > Dow Jones Industrial Average (^DJI), May 29 3:59pm EDT > > > -DJI > > > > > > 12,580.69 Up 125.86(1.01%) 4:02PM EDT > > > Add to Portfolio > > > Prev Close: 12,454.83 > > > Open: 12,454.83 > > > Day's Range: 12,454.60 - 12,611.61 > > > 52wk Range: 10,362.30 - 13,359.60 > > > > > > --- In [email protected], "aloysiussiwira" <aloysiussiwira@> wrote: > > > > > > > > Do you know " How 2 Make Money Farm In BuLL n Bear Market ? " > > > > > > > > EGC > > > > aLoy > > > > > > > > --- In [email protected], "katrin" <kusumok@> wrote: > > > > > > > > > > Ride the black gold for a while :d > > > > > > > > > > > > > > > sent with love® > > > > > > > > > > -----Original Message----- > > > > > From: "aloysiussiwira" <aloysiussiwira@> > > > > > Sender: [email protected] > > > > > Date: Tue, 29 May 2012 12:56:49 > > > > > To: <[email protected]> > > > > > Reply-To: [email protected] > > > > > Subject: [saham] Re: IHSG prediksi senin.../ European, Asian Stocks > > > > > Advance on U.S. Economic Opti > > > > > > > > > > TA-IHSG 290512 senin Close Up 0,38 SmallBRbHam 3,919 HLows 3,892 . > > > > > Bisakah besok ihsg bertengger atas R1 3,941 hanya 22 point aja . > > > > > > > > > > Mnrt pattern n indicators plus sentpos mestinya bisa walau > > > > > masih tergantung pada ihsg stock movers . > > > > > > > > > > Let us wait n see ihsg bullish 2morrow ke atas R1 3,941 . > > > > > > > > > > That is My Guess by reading ihsg's charts . > > > > > > > > > > Good screening-analyzing-picking-action BoW . > > > > > > > > > > EGC > > > > > aLoy > > > > > > > > > > --- In [email protected], "aloysiussiwira" <aloysiussiwira@> > > > > > wrote: > > > > > > > > > > > > No Worries coz IHSG will get additional positive sentiment 2morow > > > > > > European, Asian Stocks Advance on U.S. Economic Optimism > > > > > > By Stephen Kirkland and Jason Clenfield - May 29, 2012 6:27 PM > > > > > > GMT+0700 > > > > > > > > > > > > U.S. stock-index futures rose before reports that may show consumer > > > > > > confidence is improving and the housing market is stabilizing. > > > > > > European shares gained, while German bund yields fell to a record. > > > > > > > > > > > > Futures on the Standard & Poor's 500 Index increased 0.7 percent at > > > > > > 7:25 a.m. in New York, after adding as much as 1.1 percent. Stoxx > > > > > > Europe 600 Index (SXXP) rose 0.3 percent after falling 0.2 percent. > > > > > > The MSCI Emerging Markets Index jumped 1 percent, the most since > > > > > > March 27. The 10-year German bund yield fell as much as two basis > > > > > > points to 1.346 percent. Oil advanced 0.5 percent in New York. > > > > > > > > > > > > Consumer confidence in the world's biggest economy probably rose in > > > > > > May and U.S. home prices in the 12 months through March declined at > > > > > > the slowest pace since 2010, economists said before reports today. > > > > > > European stocks pared gains after China's Xinhua News Agency said > > > > > > the country has no plan to introduce stimulus measures on the scale > > > > > > deployed during the financial crisis in response to this year's > > > > > > economic slowdown. > > > > > > > > > > > > "Expectations are depressed," said Jeremy Batstone-Carr, head of > > > > > > research at Charles Stanley & Co. in London. "Therefore, it is > > > > > > possible that if data beats worst-case fears, that could provide > > > > > > some stimulus for the market. It's not as if everybody is looking > > > > > > for a gung-ho performance from the U.S. economy." > > > > > > Home Prices > > > > > > > > > > > > The gain in S&P 500 (SPX) futures indicated the U.S. equity gauge > > > > > > will increase for the fifth time in six trading sessions following > > > > > > the Memorial Day holiday yesterday. A release from S&P/Case-Shiller > > > > > > today will show U.S. home prices declined 2.6 percent in the 12 > > > > > > months through March, the smallest decrease since the year ended > > > > > > December 2010, according to 26 economists surveyed by Bloomberg. > > > > > > The Conference Board's consumer confidence index probably climbed > > > > > > to 69.5 this month from 69.2 in April, economists said. > > > > > > > > > > > > Two stocks rose for every one that fell in the Stoxx 600. > > > > > > CGGVeritas, the world's largest seismic surveyor of oilfields, and > > > > > > ArcelorMittal, the biggest steelmaker, rose at least 1.8 percent as > > > > > > analysts upgraded the shares. Greggs Plc, a U.K. baker, jumped 5.8 > > > > > > percent as Chancellor of the Exchequer George Osborne reversed a > > > > > > plan to add value-added tax to some snacks. Bankia SA led a decline > > > > > > in Spanish stocks, sliding 12 percent. > > > > > > > > > > > > Volatility on Japanese bonds was the highest in developed markets > > > > > > today, according to measures of 10-year debt, the two- and 10-year > > > > > > yield spread and credit-default swaps. The yield on the 10-year > > > > > > security dropped 2.5 basis points to 0.85 percent, the biggest > > > > > > decline since May 18. > > > > > > > > > > > > The 10-year Treasury yield fell two basis points to 1.72 percent, > > > > > > while the Dollar Index slipped 0.2 percent. > > > > > > Commodities Gain > > > > > > > > > > > > The S&P GSCI gauge of 24 commodities advanced 0.3 percent, led by > > > > > > soybeans and oil. Crude in New York jumped to $91.30 a barrel and > > > > > > copper rose 0.2 percent. Natural gas fell 2.6 percent, bringing its > > > > > > decline since May to 8.6 percent, on forecasts for cooler weather > > > > > > that would curb demand for fuel at power plants. > > > > > > > > > > > > Emerging-market stocks gained for a fourth day. The Hang Seng China > > > > > > Enterprises Index (HSCEI) of Chinese companies listed in Hong Kong > > > > > > climbed 2.2 percent. The promotion of energy efficient flat-panel > > > > > > televisions and energy-saving air conditioning is projected to > > > > > > stimulate consumption of more than 135 billion yuan ($21.3 > > > > > > billion), according to a statement from the ministry yesterday. > > > > > > Taiwan's Taiex jumped 2.9 percent and South Korea's Kospi Index > > > > > > added 1.4 percent. Russia's Micex Index advance 1 percent. > > > > > > > > > > > > To contact the reporters on this story: Stephen Kirkland in London > > > > > > at skirkland@; Jason Clenfield in Tokyo at jclenfield@; > > > > > > > > > > > > To contact the editor responsible for this story: Justin Carrigan > > > > > > at jcarrigan@ > > > > > > > > > > > > --- In [email protected], "aloysiussiwira" <aloysiussiwira@> > > > > > > wrote: > > > > > > > > > > > > > > No Worries coz IHSG will get additional positive sentiment 2morow > > > > > > > > > > > > > > Stock Futures Signal Higher Wall Street Open > > > > > > > > > > > > > > Stock index futures pointed to a higher open on Wall Street on > > > > > > > Tuesday following a long market holiday weekend. > > > > > > > > > > > > > > ReutersReuters 2 hours 53 minutes ago > > > > > > > > > > > > > > Companies: > > > > > > > > > > > > > > Dow Jones Industrial Average > > > > > > > S&P 500 > > > > > > > > > > > > > > LONDON (Reuters) - Stock index futures pointed to a higher open > > > > > > > on Wall Street on Tuesday following a long market holiday > > > > > > > weekend, with futures for the S&P 500, the Dow Jones and the > > > > > > > Nasdaq 100 rising 0.8 to 1 percent. > > > > > > > > > > > > > > Standard & Poor's releases its S&P Case/Shiller Home Price Index > > > > > > > for March at 1300 GMT. Economists expect the 20-city seasonally > > > > > > > adjusted index to rise 0.3 percent, versus a 0.2 percent increase > > > > > > > in February. > > > > > > > > > > > > > > Samsung Electronics Co <005930.KS> launches its Galaxy S > > > > > > > smartphone in Europe on Tuesday, with the third generation model > > > > > > > expected to be even more successful than its predecessor, which > > > > > > > helped the South Korean company topple Apple Inc (AAPL.O) as the > > > > > > > world's top smartphone maker. > > > > > > > > > > > > > > May consumer confidence numbers are due at 1400 GMT. Economists > > > > > > > expect a reading of 70.0, compared with 69.2 in April. > > > > > > > > > > > > > > Federal Reserve Bank of Chicago releases at 1230 GMT its Chicago > > > > > > > Fed Midwest Manufacturing Index for April. The index read 92.2 in > > > > > > > March. > > > > > > > > > > > > > > Japanese trading house Marubeni Corp <8002.T> is nearing a deal > > > > > > > to buy U.S. grains merchant Gavilon for about $3.5 billion > > > > > > > excluding debt, and could announce the transaction as early as > > > > > > > Tuesday afternoon in Tokyo, according to people familiar with the > > > > > > > matter. > > > > > > > > > > > > > > JPMorgan Chase & Co (JPM.N) has sold an estimated $25 billion of > > > > > > > profitable securities in an effort to prop up earnings after > > > > > > > suffering trading losses tied to the bank's now-infamous "London > > > > > > > Whale," compounding the cost of those trades. > > > > > > > > > > > > > > Dewey & Leboeuf LLP filed for chapter 11 bankruptcy protection on > > > > > > > Monday night and will seek approval to liquidate its business > > > > > > > after failing to find a merger partner, marking the biggest > > > > > > > collapse of a law firm in U.S. history. > > > > > > > > > > > > > > Shares of Opera Software (OPERA.OL) soared as much as 26 percent > > > > > > > on Tuesday on market talk Facebook Inc. (FB.O) was in discussion > > > > > > > to acquire the Norwegian firm for its advanced mobile phone > > > > > > > software technology. > > > > > > > > > > > > > > The United States is well poised to withstand any fallout from > > > > > > > Europe's escalating debt crisis, a top Federal Reserve executive > > > > > > > told the Wall Street Journal. > > > > > > > > > > > > > > European equities (.FTEU3) rose 0.8 percent on Tuesday following > > > > > > > a stronger showing in Asia where the spotlight fell on the > > > > > > > possibility of further policy stimulus in China, though trade > > > > > > > looked set to be cautious given fears over Spain's banks. > > > > > > > > > > > > > > The Nikkei share average (.225) rose 0.7 percent on Tuesday on > > > > > > > speculation that China, Japan's largest export market, may soon > > > > > > > launch a stimulus programme to avoid a sharp slowdown. > > > > > > > > > > > > > > U.S. stocks ended their first positive week in four with a down > > > > > > > day on Friday as investors were reluctant to buy going into the > > > > > > > long weekend given the uncertainty swirling around Europe. > > > > > > > > > > > > > > The Dow Jones industrial average (DJI:^DJI - News) fell 74.92 > > > > > > > points, or 0.60 percent, to 12,454.83 at the close. The Standard > > > > > > > & Poor's 500 Index (MXP:^GSPC - News) dipped 2.86 points, or 0.22 > > > > > > > percent, to 1,317.82. The Nasdaq Composite Index (NAS:^COMP) was > > > > > > > down 1.85 points, or 0.07 percent, at 2,837.53. > > > > > > > > > > > > > > (Reporting by Atul Prakash; Editing by John Stonestreet) > > > > > > > > > > > > > > --- In [email protected], "aloysiussiwira" <aloysiussiwira@> > > > > > > > wrote: > > > > > > > > > > > > > > > > Hai non Happy Gaining Cuan MYOH GTBO > > > > > > > > > > > > > > > > --- In [email protected], "katrin" <kusumok@> wrote: > > > > > > > > > > > > > > > > > > No worries lah...udah lewat sehari dr my last email :d > > > > > > > > > > > > > > > > > > > > > > > > > > > sent with love® > > > > > > > > > > > > > > > > > > -----Original Message----- > > > > > > > > > From: "aloysiussiwira" <aloysiussiwira@> > > > > > > > > > Sender: [email protected] > > > > > > > > > Date: Mon, 28 May 2012 12:05:43 > > > > > > > > > To: <[email protected]> > > > > > > > > > Reply-To: [email protected] > > > > > > > > > Subject: [saham] Re: IHSG prediksi senin.../ European shares, > > > > > > > > > euro gain as Greek fears ease > > > > > > > > > > > > > > > > > > European shares, euro gain as Greek fears ease > > > > > > > > > ReutersReuters 2 hours 31 minutes ago > > > > > > > > > > > > > > > > > > By Richard Hubbard > > > > > > > > > > > > > > > > > > LONDON (Reuters) - European stocks rose for a third straight > > > > > > > > > session on Monday and the euro edged up, as Greek polls > > > > > > > > > showed growing support for pro-bailout parties, yet Spain's > > > > > > > > > debt yields hit a record high as the government worked on > > > > > > > > > plan to fund troubled lender Bankia. > > > > > > > > > > > > > > > > > > Global share markets, commodities and the euro were all > > > > > > > > > recovering from sharp falls last week, when investors fled to > > > > > > > > > the safety of the U.S. dollar on mounting concerns about > > > > > > > > > Greece, Spain's banking sector, and a lack of immediate > > > > > > > > > policy responses from European leaders. > > > > > > > > > > > > > > > > > > "Anything that allays fears over Greece is a positive. People > > > > > > > > > are just looking for a bit of respite," said Bastion > > > > > > > > > Capital's head of equities Adrian Slack. > > > > > > > > > > > > > > > > > > The five Greek polls published in weekend press showed the > > > > > > > > > conservative New Democracy party, which supports the bailout, > > > > > > > > > with a lead of between 0.5 and 5.7 points over the > > > > > > > > > anti-bailout leftist SYRIZA party, with analysts saying the > > > > > > > > > race was still too close to call. > > > > > > > > > > > > > > > > > > The FTSE Eurofirst index of top European shares extended its > > > > > > > > > gains of last week, rising 0.6 percent to 990.84 points, but > > > > > > > > > was still on track for its biggest monthly loss since the > > > > > > > > > August selloff last year. > > > > > > > > > > > > > > > > > > The easing speculation of disorderly exit by Greece from the > > > > > > > > > euro zone also helped the MSCI world equity index gain 0.4 > > > > > > > > > percent to 301.43. > > > > > > > > > > > > > > > > > > The euro edged up just 0.1 percent to $1.2580, pulling away > > > > > > > > > from Friday's level of $1.2495, its lowest since July 2010 > > > > > > > > > and is on track for its worst month since last September. > > > > > > > > > > > > > > > > > > However, any recovery in the single currency looked > > > > > > > > > vulnerable with traders in the foreign exchange markets > > > > > > > > > bolstering their euro bearish bets to record highs in the > > > > > > > > > week ended May 22, according to the latest data from the U.S. > > > > > > > > > Commodity Futures Trading Commission (CFTC). > > > > > > > > > > > > > > > > > > "Heading into the Greek elections we'll fluctuate a lot. > > > > > > > > > Because the market is very, very short euro, reactions to any > > > > > > > > > positive news may be bigger than those to negative news," > > > > > > > > > said Mitul Kotecha of Credit Agricole Corporate and > > > > > > > > > Investment Bank. > > > > > > > > > > > > > > > > > > SPAIN AGAIN > > > > > > > > > > > > > > > > > > Just as speculation rose that Greece can stay part of the > > > > > > > > > single currency zone, Spain's prospects of getting to grips > > > > > > > > > with its ailing banking sector took a dive. > > > > > > > > > > > > > > > > > > A government source told Reuters on Sunday Spain may > > > > > > > > > recapitalize its fourth-largest lender Bankia, which last > > > > > > > > > week asked for rescue funding of 19 billion euros ($24 > > > > > > > > > billion), using new government bonds in return for shares. > > > > > > > > > > > > > > > > > > The report sent the premium investors require to hold Spanish > > > > > > > > > government bonds over their German counterparts up 8 basis > > > > > > > > > points on Monday to 505 bp, the highest since the euro was > > > > > > > > > launched. > > > > > > > > > > > > > > > > > > Spanish 10-year government bond yields also jumped 16 bp to > > > > > > > > > 6.5 percent, their highest since November, while equivalent > > > > > > > > > Italian government bond yields followed suit, gaining 6.7 bp > > > > > > > > > to 5.87 percent. > > > > > > > > > > > > > > > > > > The highly unorthodox plan to recapitalize Bankia without > > > > > > > > > having to raise money on capital markets by issuing debt - > > > > > > > > > that the stricken lender could the use as collateral to get > > > > > > > > > cash from the European Central Bank - has served to highlight > > > > > > > > > the challenges facing Spain as it tries to fix its banking > > > > > > > > > system. > > > > > > > > > > > > > > > > > > "We're not just talking about Bankia here, we're also talking > > > > > > > > > about a widespread recapitalization of some of the Spanish > > > > > > > > > banks" said Josh Raymond, market strategist of City Index. > > > > > > > > > "And we also don't know the ECB's attitude to getting back > > > > > > > > > involved." > > > > > > > > > > > > > > > > > > Bankia shares fell 26.8 percent as trading resumed after > > > > > > > > > being suspended on Friday, before the bank asked for a 23.5 > > > > > > > > > billion euros bailout. > > > > > > > > > > > > > > > > > > Commodity markets were also generally firmer on prospects > > > > > > > > > pro-bailout parties may succeed in the June 17 Greek > > > > > > > > > elections, and the resultant easier tone in the U.S. dollar. > > > > > > > > > > > > > > > > > > Brent crude edged above $107 per barrel, although prospects > > > > > > > > > of supply constraints stemming from a lack of progress in > > > > > > > > > talks over Iran's nuclear program also buoyed prices. > > > > > > > > > > > > > > > > > > Spot gold rose 0.4 percent to $1,580.42 per ounce, its > > > > > > > > > highest level in nearly a week, in tandem with other risk > > > > > > > > > assets. > > > > > > > > > > > > > > > > > > But trading volumes should remain muted on Monday, with U.S. > > > > > > > > > markets closed for Memorial Day, while markets in a number of > > > > > > > > > European countries, including Switzerland, were closed for a > > > > > > > > > bank holiday. Monday is also a bank holiday in France and > > > > > > > > > Germany, although their equity markets were open. > > > > > > > > > > > > > > > > > > Investors were also looking ahead to major economic data due > > > > > > > > > from the United States this week which includes consumer > > > > > > > > > confidence, gross domestic product and, on Friday, the May > > > > > > > > > non-farm payrolls report, which could provide clues on > > > > > > > > > whether the economy is running out of steam or has simply hit > > > > > > > > > a soft patch. > > > > > > > > > > > > > > > > > > "Data this week will reveal further contrasts between the > > > > > > > > > U.S. and euro zone," said Mitul Kotecha of Credit Agricole > > > > > > > > > Corporate and Investment Bank. > > > > > > > > > > > > > > > > > > (Additional reporting by Anirban Nag; Editing by David Holmes) > > > > > > > > > > > > > > > > > > --- In [email protected], "aloysiussiwira" > > > > > > > > > <aloysiussiwira@> wrote: > > > > > > > > > > > > > > > > > > > > Shares, euro creep up from lows, remain vulnerable > > > > > > > > > > ReutersReuters 1 hour 0 minutes ago > > > > > > > > > > > > > > > > > > > > By Chikako Mogi > > > > > > > > > > > > > > > > > > > > TOKYO (Reuters) - Asian shares and the euro edged up from > > > > > > > > > > lows on Monday, as opinion polls showing a lead for > > > > > > > > > > Greece's pro-bailout camp helped calm fears of a disorderly > > > > > > > > > > exit by Athens from the single currency that had driven a > > > > > > > > > > flight from riskier assets last week. > > > > > > > > > > > > > > > > > > > > The recovery looked vulnerable, however, as MSCI's broadest > > > > > > > > > > index of Asia-Pacific shares outside Japan rose 0.6 > > > > > > > > > > percent, still not far from its lowest level since late > > > > > > > > > > December touched on Friday. > > > > > > > > > > > > > > > > > > > > The pan-Asia stock index posted a third consecutive week of > > > > > > > > > > losses last week for its longest losing streak in six > > > > > > > > > > months. It has now wiped out all its gains for the year, > > > > > > > > > > having been up some 15 percent from end-2011 levels in late > > > > > > > > > > February. > > > > > > > > > > > > > > > > > > > > Japan's Nikkei average edged up 0.2 percent, after posting > > > > > > > > > > its longest weekly losing run in 20 years last week. > > > > > > > > > > > > > > > > > > > > European shares looked set to track their Asian peers > > > > > > > > > > higher, with spreadbetters predicting major European > > > > > > > > > > markets would open up as much as 0.5 percent. U.S. stock > > > > > > > > > > futures were up 0.8 percent. > > > > > > > > > > > > > > > > > > > > "Today it really comes down to what is going on in Greece, > > > > > > > > > > the idea that Greece will stay within the euro zone calms > > > > > > > > > > the market," said Ben Taylor, a trader at CMC markets. > > > > > > > > > > > > > > > > > > > > Investors fled to the safety of the U.S. dollar last week > > > > > > > > > > on mounting concerns about Greece and instability in the > > > > > > > > > > Spanish banking sector, amid a lack of immediate policy > > > > > > > > > > responses from European leaders. > > > > > > > > > > > > > > > > > > > > Copper gained 1 percent to $7,717 a tonne while U.S. crude > > > > > > > > > > rose 0.8 percent to $91.62 a barrel and Brent added 0.6 > > > > > > > > > > percent to $107.42. A firmer euro helped lift spot gold up > > > > > > > > > > 0.2 percent at $1,576.69 an ounce. > > > > > > > > > > > > > > > > > > > > "The rise today is mostly due to short-covering," said a > > > > > > > > > > Shanghai-based copper trader with an international firm. > > > > > > > > > > > > > > > > > > > > While hopes remain that a compromise can be found that will > > > > > > > > > > keep Greece in the euro zone, talk of contingency plans > > > > > > > > > > have emerged for the possibility that Athens leaves the > > > > > > > > > > euro, posing severe contagion risks to the whole European > > > > > > > > > > currency bloc. > > > > > > > > > > > > > > > > > > > > "Markets are highly conscious of the tail risk and talks of > > > > > > > > > > drawing up contingency plans in case of a crisis are done > > > > > > > > > > openly, suggesting a strengthening shift away from emerging > > > > > > > > > > countries or risk assets into the dollar," said Takao > > > > > > > > > > Hattori, senior investment strategist at Mitsubishi UFJ > > > > > > > > > > Morgan Stanley Securities in Tokyo. > > > > > > > > > > > > > > > > > > > > "Having hit key lows for now, markets may see some respite > > > > > > > > > > from one-way selling, but sentiment remains highly > > > > > > > > > > vulnerable until the fate of Greece is clarified," he said. > > > > > > > > > > > > > > > > > > > > Surveys published on Saturday showed Greece's conservatives > > > > > > > > > > have regained an opinion poll lead that would allow the > > > > > > > > > > formation of a government committed to keeping the country > > > > > > > > > > in the euro zone. > > > > > > > > > > > > > > > > > > > > Uncertainty, however, will persist until Greece holds the > > > > > > > > > > crucial election on June 17, keeping markets guarded. > > > > > > > > > > Several meetings of European leaders are also scheduled > > > > > > > > > > late in June. > > > > > > > > > > > > > > > > > > > > Switzerland is drawing up plans for emergency measures > > > > > > > > > > including capital controls in case the euro collapses, > > > > > > > > > > although it does not expect to need them and will continue > > > > > > > > > > to defend a cap on the franc in the meantime, the head of > > > > > > > > > > the central bank said. > > > > > > > > > > > > > > > > > > > > FUNDS TARGET DOLLAR > > > > > > > > > > > > > > > > > > > > Currency speculators raised long dollar positions - bets > > > > > > > > > > the currency will strengthen - to the highest level since > > > > > > > > > > at least mid-2008, while euro short positions rose to the > > > > > > > > > > highest on record, Commodity Futures Trading Commission > > > > > > > > > > data showed on Friday. > > > > > > > > > > > > > > > > > > > > Speculators also were net short on the Australian dollar, > > > > > > > > > > having cut their net long positions all month. > > > > > > > > > > > > > > > > > > > > The dollar index measured against key currencies rose to a > > > > > > > > > > 20-month high of 82.461 on Friday, and was off around 0.5 > > > > > > > > > > percent at 81.998 on Monday. > > > > > > > > > > > > > > > > > > > > Trading is expected to be subdued on Monday amid a lack of > > > > > > > > > > key economic data and a U.S. market holiday for Memorial > > > > > > > > > > Day. > > > > > > > > > > > > > > > > > > > > The euro rose 0.6 percent to $1.2588 on Monday, while the > > > > > > > > > > Australian dollar gained 1 percent to reach a one-week high > > > > > > > > > > of $0.9863, well above a six-month low of $0.9690 hit last > > > > > > > > > > week. > > > > > > > > > > > > > > > > > > > > The euro hit $1.2495 on Friday, its lowest since July 2010, > > > > > > > > > > after the president of Catalonia, Spain's wealthiest > > > > > > > > > > autonomous region, said it had few options to refinance > > > > > > > > > > over 13 billion euros ($16.27 billion) in debt due this > > > > > > > > > > year. > > > > > > > > > > > > > > > > > > > > Sentiment has been weakening on fears that rising bank > > > > > > > > > > rescue costs could force the euro zone's fourth largest > > > > > > > > > > economy to seek an international bailout. > > > > > > > > > > > > > > > > > > > > A government source said on Sunday that Spain may > > > > > > > > > > recapitalize its fourth-largest bank, Bankia, which last > > > > > > > > > > week asked for 19 billion euros in funding ($24 billion), > > > > > > > > > > with government bonds in return for shares. > > > > > > > > > > > > > > > > > > > > Investors cut their risk exposure across assets in the week > > > > > > > > > > ending May 23, data from EPFR Global showed. Emerging > > > > > > > > > > markets equity, commodities and energy sector funds and > > > > > > > > > > Europe equity funds all saw redemptions in excess of $1 > > > > > > > > > > billion, while high yield bond funds had their biggest > > > > > > > > > > outflows in over nine months. > > > > > > > > > > > > > > > > > > > > ($1 = 0.7992 euros) > > > > > > > > > > > > > > > > > > > > (Additional reporting by Luke Pachymuthu in Singapore, > > > > > > > > > > Reuters FX analyst Krishna Kumar in Sydney and Carrie Ho in > > > > > > > > > > Shanghai; Editing by Alex Richardson) > > > > > > > > > > > > > > > > > > > > --- In [email protected], "aloysiussiwira" > > > > > > > > > > <aloysiussiwira@> wrote: > > > > > > > > > > > > > > > > > > > > > > HANG SENG INDEX (^HSI), May 28 1:34 pm HKT > > > > > > > > > > > -HKSE > > > > > > > > > > > > > > > > > > > > > > 18,850.91 Up 137.50(0.73%) 1:34AM EDT > > > > > > > > > > > Add to Portfolio > > > > > > > > > > > Prev Close: 18,713.41 > > > > > > > > > > > Open: 18,672.32 > > > > > > > > > > > Day's Range: 18,672.32 - 18,858.32 > > > > > > > > > > > 52wk Range: 16,170.30 - 23,707.90 > > > > > > > > > > > > > > > > > > > > > > --- In [email protected], "aloysiussiwira" > > > > > > > > > > > <aloysiussiwira@> wrote: > > > > > > > > > > > > > > > > > > > > > > > > TA-IHSG 280512 SESI-1 Op 3,877 L 3,850 Close 3,894 . > > > > > > > > > > > > Hanya menyentuh L 3,850 n rebound . > > > > > > > > > > > > > > > > > > > > > > > > Good screening-analyzing-picking-action BOW > > > > > > > > > > > > > > > > > > > > > > > > EGC > > > > > > > > > > > > aLoy > > > > > > > > > > > > > > > > > > > > > > > > --- In [email protected], "aloysiussiwira" > > > > > > > > > > > > <aloysiussiwira@> wrote: > > > > > > > > > > > > > > > > > > > > > > > > > > So besok senin 28052012 IHSG bisa menyentuh 3,840 dan > > > > > > > > > > > > > kalo IHSG bs bottoming di 3,840 mk dihrpkan akan > > > > > > > > > > > > > bertengger dulu > > > > > > > > > > > > > atas R1 3,966 lalu harus/akan sideways volatile dulu > > > > > > > > > > > > > dgn > > > > > > > > > > > > > R2 4,050-4,070 dan S3 3,966 sebelum bisa breakout R2 > > > > > > > > > > > > > n R3 4,080 > > > > > > > > > > > > > > > > > > > > > > > > > > That is my Guess > > > > > > > > > > > > > > > > > > > > > > > > > > HSI kayaknya uda bottoming di 18,700 . > > > > > > > > > > > > > Jika dilihat charts DJIA udah mulai bottoming support > > > > > > > > > > > > > 12,400 > > > > > > > > > > > > > lagian ada analisa sbb :(baca postingan sy sebelumnya) > > > > > > > > > > > > > > > > > > > > > > > > > > JUMPING INTO STOCKS > > > > > > > > > > > > > > > > > > > > > > > > > > Any U.S. data in the coming week which points to an > > > > > > > > > > > > > economy pulling out of the doldrums could divert > > > > > > > > > > > > > attention from Europe and provide investors an > > > > > > > > > > > > > incentive to jump into stocks, which have become > > > > > > > > > > > > > cheap during the recent pullback. > > > > > > > > > > > > > > > > > > > > > > > > > > Analysts have pointed to the 1,275 to 1,280 range for > > > > > > > > > > > > > the benchmark S&P index, just below the 200-day > > > > > > > > > > > > > moving average, as a key level of support the market > > > > > > > > > > > > > is likely to challenge. > > > > > > > > > > > > > > > > > > > > > > > > > > "You are looking at 1,277 on the downside. The market > > > > > > > > > > > > > will test it, but when it gets there it is going to > > > > > > > > > > > > > hold because there is a lot of money on the sideline > > > > > > > > > > > > > that needs to be put to work," said Ken Polcari, > > > > > > > > > > > > > managing director at ICAP Equities in New York. > > > > > > > > > > > > > > > > > > > > > > > > > > "People are using that number as the entry point, so > > > > > > > > > > > > > you will find stability at that level." > > > > > > > > > > > > > > > > > > > > > > > > > > Let us wait n see DOW in the coming weeks > > > > > > > > > > > > > > > > > > > > > > > > > > Good screening-analyzing-picking-action BOW > > > > > > > > > > > > > > > > > > > > > > > > > > EGC > > > > > > > > > > > > > aLoy > > > > > > > > > > > > > > > > > > > > > > > > > > --- In [email protected], "kangduren" > > > > > > > > > > > > > <kangduren@> wrote: > > > > > > > > > > > > > > > > > > > > > > > > > > > > kalo sentuh support 3840 gimana kelanjutannya bro? > > > > > > > > > > > > > > bisa rebound ke berapa? > > > > > > > > > > > > > > > > > > > > > > > > > > > > --- In [email protected], "aloysiussiwira" > > > > > > > > > > > > > > <aloysiussiwira@> wrote: > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > TA-IHSG 250512 Jumat Down 82,36 Close 3,902 > > > > > > > > > > > > > > > Gagal bertahan di 3,981 dan mnrt pattern kayaknya > > > > > > > > > > > > > > > IHSG akan bottoming support di 3,840 > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > That is my Guess > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > Good analyzing-screening-picking-action BoW > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > EGC > > > > > > > > > > > > > > > aLoy > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > ------------------------------------ Kunjungi situs http://www.info-saham.com untuk informasi seputar saham. SEMUA POSTING DI MILIS INI TANGGUNG JAWAB PENGIRIM EMAIL DAN BUKAN ADMIN MILIS. SEMUA POSTING DI MILIS INI BUKAN UNTUK MENGAJAK MEMBELI ATAU MENJUAL EFEK. SETIAP KEPUTUSAN INVESTASI MENJADI TANGGUNG JAWAB PIHAK PEMILIK INVESTASI ATAU PEMILIK MODAL. [email protected] untuk berhenti dari milis saham [email protected] untuk bergabung ke milis saham Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/saham/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/saham/join (Yahoo! ID required) <*> To change settings via email: [email protected] [email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
