Market Flash: iSHARES MSCI Indonesia Investable Market Index Fund (EIDO:US) PRICE: 28.530 USD Down -0.360 (-1.246%) >>> BI: Rupiah Melemah Akibat Kondisi Eropa >>> Pertemuan FED pertimbangkan langkah baru dorong ekonomi >>> KIJA akan Terbitkan MEN Valas USD150 Juta >>> PT Indika Energy Perusahaan Teladan Dunia 2011 >>> Govt Promises Revision of Cost Recovery Regulation >>> BPMigas Demands PGN to Pay US$6 per MMBTU >>> Jababeka to Raise US$150 Million from Debt Markets >>> SCG Chemicals buys Chandra Asri >>> Solusi Tunas eyes Rp380 bio IPO >>> SMR Utama scouts Rp300 bio IPO >>> Alam Sutera picks two bond arrangers >>> ASII Tetap Rajai Penjualan Mobil Agustus 2011 >>> Perusahaan Thailand kuasai Saham TPIA senilai Rp 3,76 Triliun >>> Agis Main ke Tambang, Sahamnya Masuk Dalam Pengawasan >>> ACES Mendekati The Northern Agar Mau Kurangi Kepemilikan >>> IHSG masih harus berjuang terus bertahan diatas MA200 >>> Melirik Peluang Akumulasi di Saham Perbankan >>> Analisa Saham BUMI: Kuat Bertahan & Berpeluang Kembali Uptrend >>> Analisa Saham JSMR: Bertahan Di Support, What Next? >>> INDF Tertahan Di Area Support Kuat, Berpeluang Rebound >>> ASII Break Minor Support, Sell on Strength >>> ADRO Membentuk Descending Wedges, Berpeluang Rebound Terbatas >>> Wall Street ends flat as early gains evaporate >>> Fed begins policy meeting, tiptoes toward easing >>> Fed meeting to help decide on long-term Treasuries >>> Greece Makes 'Good Progress' in Reform Talks: EC >>> China worried Europe debt crisis will hit trade >>> China could roll out 4.65tr yuan stimulus package >>> IMF sees Mideast stagnation >>> NYMEX-Crude ends higher at Oct contract expiry >>> Asian Crude Palm Oil Up On Technical Buying, Soyoil >>> Foreign net Sell - 61.785.746

Kamis, 28 Juli 2011

Weekly Economic Research (27-Jul-2011) - Resolution on European debt problem boosts sentiment - Mandiri

Market review
§ The agreement between European leaders and the IMF to extend second bailout for Greece amounting around 159bn euro relieved concern on European debt crisis. Overall, market responded positively. The rupiah appreciated to Rp8,524/US$ (0.2% wow), while the stock market rallied to its new high of 4,107 (2.1% wow).

Global economic update
· The second Greece financial bailout required private sector participation.
· US housing sales figure in Jun showed mix result, suggesting recovery remains fragile.
· Both China's and Europe's PMI points the economy growth is likely to decelerate further in the coming quarter.

Domestic economic update
· Indonesia direct investment rose 22% in 2Q11 to Rp62tn, with FDI amounting around Rp43.1tn. Government’s Rp240tn (15% increase from last year) direct investment target seems to be achievable.
· The parliament approved higher fuel subsidy spending in revised budget, thus reduces the likelihood of fuel price increase this year.
· Fitch sees potential upgrade of Indonesia sovereign rating to investment grade in the next 12-18mo.

Tidak ada komentar:

Poskan Komentar