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

Minggu, 07 Agustus 2011

Emerging-Market Stocks Tumble, Currencies Weaken on Global Recession Risk - Bloomberg

Emerging-market stocks sank for a fourth day, sending the benchmark index to its largest weekly rout since May 2010, amid concerns about Europe’s debt crisis and slower growth in the U.S. Currencies fell versus the dollar this week.

The MSCI Emerging Markets Index fell 3 percent to 1,041.07 at 4:30 p.m. in New York. The gauge entered a so-called correction yesterday, falling more than 10 percent from this year’s high. Argentina’s Merval Index deepened losses after dropping the most yesterday among 91 equity benchmarks tracked by Bloomberg. Turkey’s benchmark lost the most since May 2010 with a 5.2 percent slump and Hungary’s BUX Index fell 19 percent from an April peak. Brazil’s Bovespa index added 0.3 percent, still ending the week with a 10 percent decline, the most since November 2008. Russia’s Micex Index fell 2 percent.

Borrowing costs for Italy and Spain, the euro zone’s third- and fourth-largest economies, have surged since an aid plan for Greece and other euro-region nations approved July 21 by the European Union summit failed to end contagion to more countries. U.S. payrolls rose by a better-than-forecast 117,000 workers in July, after a 46,000 increase in June that was more than originally estimated, the Labor Department reported today. The data wasn’t enough to buoy global markets.

MSCI’s emerging market index is down 14 percent since the May 2 high. The drop today has extended this week’s slump to 8.5 percent. The gauge measuring stocks in developed nations has also lost 8.6 percent over the past five days.
‘Better Shape’

Templeton Asset Management’s Mark Mobius said emerging economies are in “better shape” than developed nations amid turmoil roiling global markets.

“We’re looking at equities all the time and equities are looking better and better with all this turmoil,” Mobius, who oversees about $50 billion as executive chairman of Templeton’s emerging markets group, said in a Bloomberg Television interview today. “The emerging markets are in much better shape than the developed countries. If you look at the gross domestic product levels, foreign exchange reserves, emerging markets are in a very, very sweet spot.” Read More

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