Headline News 14.12.10

AS & GLOBAL :
 
• Indeks saham AS ditutup beragam setelah berhasil membukukan rekor tertinggi tahunannya, menyusul menurunnya optimisme atas langkah
Cina untuk menahan laju pertumbuhan ekonominya. Investor menyimpan kekhawatiran bahwa Cina akan menaikkan suku bunga untuk
memperlambat pertumbuhan ekonomi, meskipun kemudian ternyata pemerintah Cina hanya meningkatkan rasio kecukupan modal
perbankan, langkah yang dinilai pelaku pasar masih kurang agresif. Indeks Dow Jones <. DJI> naik 18,24 poin atau 0,16% ditutup dilevel
11,428.56, setelah membukukan rekor tertinggi di 11,480.03. Indeks S&P <SPX.> ditutup stagnan di 1,240.46, sementara disisi lain indeks
Nasdaq <IXIC.> turun 12,63 poin atau 0,48% kelevel 2,624.91.
 
• Pada awal pekan ini pelaku pasar terfokus pada kekhawatiran akan prospek defisit AS yang menekan dollar AS setelah lembaga pemeringkat
Moody's mengatakan kesepakatan pemotongan pajak yang berhasil dicapai pekan lalu antara Gedung Putih dan kubu Republik bisa
menggeser pandangan terhadap peringkat kredit atas Amerika Serikat. Kesepakatan pemotongan pajak AS dapat membengkakkan defisit
anggaran. Kondisi perdagangan AS dan defisit anggaran secara tradisional merupakan fokus investor dalam beberapa tahun terakhir, namun
hal tersebut ditutupi oleh runtuhnya pasar perumahan, memburuknya hipotek dan krisis perbankan serta sistem keuangan AS dalam 2‐
tahun terakhir. Dan saat ini ketika ekonomi mulai pulih, fokus investor kembali bergeser kepada defisit anggaran. Euro tercatat naik 1,2%
kelevel 1,3390 <EUR=>, sementara dollar turun 1,3% terhadap Swiss franc ke 0,9679 franc <CHF=>. Dollar AS juga mencatat pelemahan
terhadap yen, turun 0,6% menjadi 83,41 yen <JPY=>. The Fed akan mengadakan sidang terakhirnya pada 2010 ini pada hari Selasa 14
Desember dan KTT Uni Eropa yang berlangsung selama dua hari akan dimulai pada Kamis 16 Desember, dimana para pemimpin Uni‐Eropa
diharapkan akan menghasilkan perjanjian khusus yang akan membuka jalan untuk menciptakan European Stability Mechanisme di tahun
2013, ketika mekanisme yang sementara akan berakhir.
 
• Harga emas dunia naik ke 1.400 USD per troy ounce setelah pada 2‐pekan terakhir tercatat mengalami penurunan sebesar 2%, investor
memborong logam mulia tersebut seiring pelemahan dollar AS, langkah Cina yang mempertahankan suku bunga dan masih belum jelasnya
kebijakan pemangkasan pajak AS. Harga spot emas <XAU=> naik 1% menjadi 1,396.87 USD per troy ounce.

• Sementara itu harga minyak dunia berhasil menguat pada sesi awal pekan ini, terangkat performa komoditas lainnya terpengaruh rilis data
ekonomi China yang menguat melebihi perkiraan meskipun pada akhirnya minyak terbentur level resistance kuat di 89.45 USD per barel
ditambah mencuatnya kekhawatiran investor bahwa Cina dapat mengambil langkah lebih jauh guna menahan laju inflasi. Sementara itu
pemerintah Arab Saudi mengatakan pihaknya masih cukup nyaman dengan kondisi dimana harga minyak berada dikisaran level 70 USD
hingga 80 USD per barel, komentar mana kemudian memicu kehati‐hatian investor hati‐hati bahkan ketika OPEC pada hari Sabtu terus
kebijakan produksi tidak berubah seperti yang diharapkan, meskipun baru‐baru ini minyak naik di atas 90 USD per barel. Harga minyak
mentah AS untuk pengiriman Januari <CLc1> naik 82 sen kelevel 88,61 USD per barel, setelah sempat membukukan level tertinggi di 89,49
USD per barel.

• Outlook (Selasa, 14/Des./2010): Bursa saham Asia diperkirakan akan dibuka menguat pada sesi Selasa 14 Desember, menyusul kuatnya data
ekonomi Cina yang tidak diimbangi dengan langkah pengetatan moneter yang cukup signifikan guna menahan laju pertumbuhan ekonomi
yang dominan. Hal tersebut masih menguatkan keyakinan investor bahwa ekonomi terbesar kedua dunia tersebut masih akan terus menjadi
mesin penggerak pertumbuhan global.

Nasdaq slips after rally as Dow trims gain on China

NEW YORK | Mon Dec 13, 2010 5:40pm EST
 

NEW YORK (Reuters) - The Nasdaq closed lower to end eight straight days of gains on Monday as some large-cap tech stocks slid in a late-day sell-off.
The Dow cut its gains and the S&P 500 ended a thinly traded session flat as optimism faded over China's move to tame its growth, and as some technical indicators suggested a near-term pullback could be in the cards.
About 7.32 billion shares traded on the New York Stock Exchange, the American Stock Exchange and the Nasdaq, well below the year's daily average of 8.62 billion.
Stocks earlier had risen as optimism China would not aggressively head off growth boosted energy and materials stocks.
Companies that sell oil, like Chevron Corp (CVX.N), and those that make mining equipment, like Caterpillar Inc (CAT.N), drove the Dow higher. At the close, both Caterpillar and Chevron were up 1.5 percent or more. The PHLX oil service index .OSX rose 1.3 percent.
Investors had feared China would raise interest rates to slow growth, but instead it merely increased the amount of extra capital top banks must hold, a less severe move by the world's second-largest economy.
"Even though China isn't fueling us 100 percent, if it was to tighten, that would mean less strength in a weak recovery here," said Jeffrey Friedman, senior market strategist at Lind-Waldock in Chicago.
The Dow Jones industrial average .DJI gained 18.24 points, or 0.16 percent, to end at 11,428.56, well off its intraday high of 11,480.03. The Standard & Poor's 500 Index .SPX inched up a mere 0.06 of a point, or 0.00 percent, to finish at 1,240.46. But the Nasdaq Composite Index .IXIC fell 12.63 points, or 0.48 percent, to close at 2,624.91.
The S&P 500 reached another high for the year on Monday, advancing to an intraday peak at 1,246.73. The index's steady climb since breaching 1,228 -- a key retracement of the 2007-2009 bear market losses -- has been judged a sign of further gains, even as the relative strength index suggests stocks are nearing an overbought condition.

APPLE PARES GAIN, DELl DROPS

The Nasdaq ended the day solidly lower as some tech names, including Apple Inc (AAPL.O) and EMC Corp (EMC.N), traded off highs reached earlier in the session. Apple rose more than 1 percent in afternoon trading, but at the close, it was up just 0.4 percent at $321.67. The stock is up 53 percent so far this year.
"We've definitely seen a lot of strength in large-cap tech recently, and they took a bit of a pause in the afternoon with people winding down at the end of the day," said Timothy Harder, chief investment officer at Peak Capital Investment Services in Denver. "There wasn't much to spur trading, and in the absence of any real news and light volume, there wasn't much to keep us up."
Healthcare stocks had jumped briefly on news that a Virginia judge invalidated a key part of the March healthcare overhaul championed by President Obama, but these shares quickly fell back. After rising as much as 1.6 percent, the Morgan Stanley Healthcare Payor Index .HMO slipped 0.3 percent. Shares of health insurer Aetna (AET.N) rose 1 percent to $30.92.
In deal news, General Electric Co (GE.N) said it would buy British oilfield services company Wellstream Holdings Plc (WSML.L) while Dell Inc (DELL.O) agreed to buy data storage company Compellent Technologies Inc (CML.N).
GE's stock shed 0.6 percent to $17.62 after reaching a deal to buy Wellstream by raising its bid for the British oil drilling pipe maker by 6 percent to $1.3 billion.
Dell fell 3.9 percent to $13.36 and was one of the biggest percentage losers in both the S&P and Nasdaq 100 .NDX after it sweetened its cash offer for Compellent to $27.75 a share. Compellent fell 2.5 percent to $27.98 after trading above $34 last week.
Private equity firm Bain Capital agreed to buy IMCD, valuing the Dutch chemicals firm at around $857.5 million, while scientific instruments maker Thermo Fisher Scientific Inc (TMO.N) is set to acquire Dionex Corp (DNEX.O) for $2.1 billion.
Thermo Fisher shares rose 4.8 percent to $55.56 and Dionex jumped 20 percent to $117.83.
U.S. President Barack Obama's tax deal with Republicans will likely win grudging passage in the U.S. Congress, backers and critics agreed, after Obama clashed with liberals in his own party who branded it a giveaway to the rich.
Declining stocks outnumbered advancing ones on the NYSE by a ratio of about 8 to 7, while on the Nasdaq, about eight stocks fell for every five that rose.