Posts Tagged ‘Economy’
The S & P 500 turned negative this year on the trade Tuesday as a debate about the U.S. debt makes investors turned their attention to the economy.
The index fell on the seventh day and through the moving average, is even believed to be an ominous sign for the market. Losses during the seven days marking the weakening of the longest streak since October 2008.
The Dow Jones Industrial Average fell 265.87 points, or 2.19 percent, to 11866.62. Standard & Poor’s 500 index fell 32.89 points, or 2.56 percent, to 1254.05. The Nasdaq Composite Index fell 75.37 points, or 2.75 percent, to 2669.24.
Selloff accelerated to make the volume soared far above the average. In the S & P, recorded four stocks fell for every one increase in the New York Stock Exchange. Read the rest of this entry »
Gold prices again reaching its highest level in the level of USD1.585 per ounce, after the Fed Governor Ben Bernanke expressed readiness to smooth monetary policy if the economy fails to strengthen.
Silver followed gold reinforcement. Silver prices rose by 5.7 percent to $ 38, 09 per ounce. This is the highest level since June 1 last.
On the other hand, the price of gold denominated in euros rose to a record third consecutive time on Wednesday as the European debt crisis prompted investors to invest in this precious metal.
The euro itself moved to recover from its lowest position in four months, but worries about the spread of Greece to the country’s debt crisis other European Zone into fuel for the rally in gold.
Gold in euro rose 0.3 percent to 1123.69 euros per ounce. This is the highest price since the two last May. This condition is the same as the first euro zone debt problems became apparent.
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Stocks on Wall Street closed higher again with quite significant, as the improving labor market and retail sales data that adds to investor optimism.
Nasdaq has gained even for 8 consecutive days since the data showed the economy continues to improve and the potential resolution of Greece’s debt crisis.
The Nasdaq was up 8.3% recorded in the last eight trading days. While the S & P scored the best as well as an increase of 6.7% since September 2010 and the Dow Jones rose 6.6% over the same period.
In trading Thursday (07/07/2011), the Dow Jones industrial average closed up 93.47 points higher (0.74%) to a level of 12719.49. The broader Standard & Poor’s 500 rose 14 points (1.04%) to a level of 1353.22 and the Nasdaq gained 38.64 points (1.36%) to a level of 2872.66.
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Gold prices rose nearly a percent due to the falling value of U.S. dollar (U.S.). This is the biggest reinforcement for safe-haven commodities in the last three weeks.
It is also due to economic uncertainty the European Union, including Germany and France step which intends to save Greece from the default by urging the Prime Minister of Greece to replace the Minister of Finance because the savings plan are not considered popular.
The increase in gold prices is also due to U.S. economic activity has increased quite the opposite. Coupled with the poor U.S. consumer sentiment is expected to weaken in June.
Director of Metals Trading Vision Financial Markets Saying the risk in equity markets go up, so the dollar down. Obviously, gold reacts with both
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Asia has recently faced by the global financial crisis hit the economy and especially in the real sector.
As per data Asian Development Bank (ADB), Gross Domestic Product (GDP) in Asia last year’s strong growth that is nine percent and the graph shows a sharp improvement.
ADB President Haruhiko Kuroda said the three countries in Asia has a rapidly growing economy. Among China, India, and Indonesia.
China in the prediction of this year reached 9.6 percent growth, as well as India this year in the figure of 8.2 percent and 8.8 percent in 2012, Indonesia is also the case with GDP forecast of 6.4 percent from a year ago that only 6.1 percent.
However, rapid economic improvement is not without risk. Because of rising inflation also become one of the challenges, one of them due to rising world oil prices. Read the rest of this entry »
Until the end of February 2011, the rupiah has appreciated aka Rp.400 than the U.S. dollar strengthened. The strengthening of rupiah was the highest compared to Yen, Yuan, and the Ringgit.
Regionally, for the exchange rate compared to countries that are most appreciated. Compared to Japan, China, or Malaysia, Stronger Rupiah around Rp.400
Calculation of the rupiah in Budget 2011 is Rp.9.250/US $, while the rupiah had strengthened the current in the range Rp.8.700/US $. Bambang assess the strengthening of the rupiah will not interfere with export activity. This is based on experience in 2010 in which the assumptions in the 2010 Revised Budget Rp.9.500/US $ and realization reached Rp.9.100/US $.
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The exchange rate this time is predicted to move within a limited range because investors tend to wait and see.
This is because the wait and see the important data in the form of data such as unemployment rates, jobs and the economy in countries like the United States (U.S.) and Europe.
Furthermore, that in situations like this, where U.S. and European economic conditions improved, is not favorable for the movement of his own dollars.
Dollar currency is one of the most sought, if economic U.S. and Europe improved in line with the strengthening of the rupiah, investors tend to choose Indonesia as a place to invest in Indonesia because the yield is greater than in those countries. Read the rest of this entry »
Taiwan’s economy last year recorded highest growth in 23 years which amounted to 10.47 percent. Taiwan economic expansion triggered the opening of trade cooperation with the former political rival, China.
Improvement in Taiwan and China relations have been regarded as capable of making Taipei a more independent in its economy.
Director-General of Budget, Accounting and Statistics Taiwan says Taiwan’s economic growth was the best since 1987. But he warned that the performance of the next 12 months could have predicted half trimmed down because of the slow recovery in developed countries.
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India today approved the construction of steel plant owned by South Korean manufacturers (South Korea) Pohang Iron and Steel Company (POSCO) worth USD12 billion.
This is the largest foreign investment deal in India since the market reforms in 1991. POSCO agreement with the Government of India is a test for foreign investors wishing to enter one of the countries with the largest economy in Asia itu. the plan will deal with the governance of social life in India, especially in rural areas that in fact give priority to agricultural land for the economy.
Indian Environment Minister Jairam Ramesh has given conditional permission for POSCO plant with a capacity of 12 million tons of it in 2005. POSCO The new plant will be built in the eastern state of Orissa. “Projects like the POSCO has the meaning of economic, technological, and strategic enough for the country,” said Ramesh was quoted as saying by AFP.
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China is likely to again raise interest rates in the coming days in order to overcome inflation.
The newspaper China Securities Journal says, the policy is expected to be bid “sensitive solutions” for the Chinese economy after the monetary authority Affairs Panda surprisingly for the first time since 2007 to raise interest rates last October.
Earlier, last week Beijing said that Chinese monetary policy has been changed to be more cautious than before, which is more loose in the last two years.
Media reports that directly impact on the stock market. In Shanghai’s main index’s biggest stock exchange in China that fell in early trading on concern investors will be the prices that increasingly stringent.
China Securities Journal estimates, China’s CPI in November likely to reach 4.7 percent or higher compared to October which is only 4.4 percent, the highest in 27 months.
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