AS & GLOBAL :
• Bursa saham AS berhasil menutup pelemahannya diawal sesi seiring volume perdagangan yang cukup sepi, rebound ditopang oleh kuatnya prospek
earning korporasi yang sedikit meredakan kekhawatiran mengenai kondisi hutang Portugal. Investor beranggapan tren naik bursa masih bertahan,
meskipun penurunan indeks S&P dalam 3‐sesi berturut‐turut mulai menandakan momentum tersebut mulai tertahan. Analis memperkirakan
optimisme akan earning akan menjadi pemicu berlanjutnya rebound bursa. Indeks Dow Jones <. DJI> turun 37,31 poin atau 0,32% ke 11,637.45,
S&P500 <SPX.> anjlok 1,75 0,14% ke 1,269.75 sementara Nasdaq <. IXIC> justru naik 4,63 poin atau 0,17% ke 2,707.80.
• Euro berhasil bangkit dari penurunan kelevel terendah dalam kurun 4‐bulan terakhir terhadap dolar, meskipun kenaikan tersebut diperkirakan tidak
akan bertahan lama seiring kekhawatiran pada kondisi hutang Uni‐Eropa dan ekspektasi bailout Portugal. Euro sempat anjlok dibawah level 1,2900
terhadap dollar AS <EUR=> untuk pertama kalinya sejak September. Namun kemudian euro tercatat menguat 0.4% terhadap dollar AS ke level 1.2952,
penguatan mana sebagian ditopang kenaikan euro terhadap Swiss Franc akibat adanya spekulasi bahwa pemerintah Swiss akan melakukan intervensi
guna menahan penguatan nilai kurs franc. Portugal, Italia dan Spanyol dijadwalkan akan merilis obligasinya pekan ini, dan investor masih khawatir
apakah semua negara‐negara dengan tingkat hutang yang besar tersebut akan mampu mengumpulkan dana secara berkelanjutan pada 2011 ini.
• Terhadap Swiss franc, euro naik 0,3% ke 1,2530 franc <EURCHF=>. Swiss franc melemah setelah dilaporkan bahwa pemerintah Swiss akan bertemu
para pemimpin bisnis dan serikat perdagangan pekan depan guna membahas implikasi dari penguatan Swiss franc.Terhadap yen, dollar AS turun 0,5%
kelevel 82,72 yen <JPY=EBS>.
• Harga emas dunia menguat awal pekan ini seiring mengerucutnya kekhawatiran atas utang Portugal yang mendorong permintaan safe haven. Naiknya
permintaan emas dalam bentuk fisik dari India ‐ menyusul anjlok tajamnya harga emas pekan lalu ‐ juga turut menyokong rebound. Emas
membukukan performa mingguan terbesar dalam kurun lebih dari 7‐bulan terakhir pada pekan lalu menyusul penguatan dollar AS seiring data
ekonomi AS yang dirilis lebih baik dari perkiraan, yang meningkatkan ekspektasi diberlakukannya kembali kebijakan moneter ketat di Amerika Serikat.
Harga spot emas <XAU=> ditutup menguat 0.4% kelevel 1.375 USD per troy ounce.
• Harga minyak AS naik lebih dari 1% setelah kebocoran jaringan pipa Trans Alaska Pipeline yang memaksa produsen minyak tersebut untuk memangkas
5% output dari rata‐rata produksi harian sebesar 630.000 barrel. Sementara itu harga heating oil melonjak setelah adanya perkiraan dari pemerintah
tentang peningkatan permintaan untuk heating oil pekan ini. Harga minyak mentah AS untuk penguiriman Februari <CLc1> naik 1,22 USD, atau 1,39%
dilevel 89,25 USD per barel.
• Outlook (Selasa, 11/Jan./2011): Bursa saham Asia diperkirakan akan dibuka beragam seiring harapan membaiknya rilis earning korporasi cukup
membantu mengatasi kekhawatiran pada krisis hutang Portugal yang diperkirakan memerlukan bailout dari IMF dan Uni‐Eropa.
• Aksi ambil untung pelaku pasar pasca penurunan tajam euro sejak beberapa sesi terakhir antara lain terbantu ekspektasi bahwa ECB membeli obligasi
Uni‐Eropa yang menyokong kinerja euro pada awal sesi Asia. Namun demikian kekhawatiran sebenarnya pada kondisi hutang kawasan Uni‐Eropa,
terlebih pada kemungkinan Portugal harus mendapatkan bailout dan kemungkinan menularnya krisis ke Spanyol dan Italia masih akan membebani
kinerja euro terhadap mata uang utama dunia lainnya.
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Tuesday, January 11, 2011
Euro jumps after Japan finmin says to buy euro bonds
The euro rose as far as $1.2992 on trading platform EBS from around $1.2925. It now stands at $1.2961.
Against the yen, the euro rose as high as 107.86 yen.
Euro zone debt fears dent world stocks; euro recovers
NEW YORK (Reuters) - World stocks fell on Monday on fears Portugal may be the next euro-zone member forced to seek a bailout, and the euro was seen remaining under pressure even as it managed to recover after hitting a four-month low against the dollar.
Prices of U.S. Treasury debt and gold rose as investors sought safety on a resurgence in worries about European debt ahead of key bond auctions by Portugal, Italy and Spain this week.
The euro's rebound was partially fueled by gains against the Swiss franc, on speculation the Swiss government may act to rein in currency gains. Talk of further bond purchases by the European Central Bank also took some pressure off the market.
Stocks fell in the United States, Europe and most emerging markets as the fears about European debt levels overshadowed news of multibillion-dollar mergers and acquisitions. Asian stocks were also poised to open lower, with front-month Nikkei 225 futures traded in Chicago falling 25 points to 10,480.
"We see a further escalation in the European debt crisis, and a substantially weaker euro," said Stephen Jen, managing director of macroeconomics and currencies at BlueGold Capital Management LLP in London.
"There is no silver bullet because the underlying problems are 'knotted.'"
The euro fell as low as $1.2860 on trading platform EBS, a level not seen since mid-September, but recovered later to trade at $1.2949, up 0.26 percent on the day. It remains down more than 3 percent against the dollar so far this year.
European debt concerns rose again during the weekend after Reuters quoted a senior euro zone official as saying Germany and France were increasing pressure on Portugal to seek financial help from the European Union and International Monetary Fund.
The report sent yields on Portuguese 10-year debt soaring above 7 percent to their highest levels since the euro's creation in 1999. Portuguese yields recovered some ground later on Monday on talk of ECB bond buying, but remained above 7 percent, which is seen as an unsustainable cost of borrowing.
Portugal denied it was under pressure from Berlin and Paris to seek a bailout.
"It highlights the problems of whether the bailout fund will be sufficient to meet everybody's expectations," said Mark Bon, fund manager at Canada Life in London, said of the reports on Portugal.
WORLD STOCKS WEAKER
On equity markets, the debt worries offset expectations of strong corporate earnings at the beginning of the U.S. quarterly earnings season. Wall Street, however, managed to shake off most of the worries about Europe as the trading day progressed.
Merger and acquisition deals provided a strong positive note and helped cap losses. Duke Energy Corp (DUK.N) agreed to buy Progress Energy Inc for $13.7 billion in stock, while DuPont (PGN.N) planned to buy Danisco, a Danish food ingredient firm, for $5.8 billion.
The Dow Jones industrial average .DJI lost 37.31 points, or 0.32 percent, to 11,637.45, while The Standard & Poor's 500 Index .SPX edged down 1.75 points, or 0.14 percent, to 1,269.75. The Nasdaq Composite Index .IXIC gained 4.63 points, or 0.17 percent, to 2,707.80.
World stocks declined 0.52 percent according to the benchmark MSCI All-Country World Index.
In Europe, the FTSEurofirst 300 index of top shares closed down 0.97 percent, after rising 2 percent last week.
The heavyweight banking sector, which has exposure to sovereign debt in peripheral euro zone countries, was a major loser. BNP Paribas (BNPP.PA), Banco Santander(SAN.MC), Intesa SanPaolo (ISP.MI), Societe Generale (SOGN.PA) and UniCredit (CRDI.MI) fell between 2.7 and 5.7 percent. Greek banks .FTATBNK fell 6.6 percent.
Shares in Portugal's largest listed bank Millennium bcp (BCP.LS) fell 3.15 percent while other Portuguese banks also fell.
Euro zone credit concerns benefited government bonds, sending U.S. Treasury debt prices higher.
The benchmark 10-year U.S. Treasury note rose 9/32 in price, sending its yield down to 3.289 percent. The 30-year bond gained 12/32 in price, with the yield at 4.4621 percent.
Gold prices rose 0.44 percent to $1,374.60 on a renewed safe-haven bid.
U.S. crude oil prices settled $1.22 higher, or 1.39 percent, to $89.25 a barrel, after a leak shut an Alaskan pipeline that carries 12 percent of U.S. crude output.
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