Headline News 25.01.11

US & GLOBAL 
• Bursa Wall Street kembali menguat pada sesi perdana awal pekan ini dipimpin kenaikan saham‐saham penghasil sumber daya alam dan saham
teknologi karena para investor melihat saham‐saham tersebut mendapatkan kembali momentum yang hilang akhir pekan lalu. Aksi buy‐back
saham Intel turut menghidupkan kembali optimisme yang sebelumnya telah ditopang laporan earning yang membaik. Sebanyak 3/4 dari 84
perusahaan dalam indeks S&P500 yang telah merilis laporan keuangannya sejauh ini earning‐nya ternyata melebihi ekspektasi. Indeks Dow Jones
<DJI.> naik 108,68 poin atau 0,92% ke 11,980.52, S&P500 <. SPX> naik 7,49 poin atau 0,58% ke 1,290.84 dan Nasdaq <. IXIC> naik 28,01 poin atau
1,04% ke 2,717.55.
 
• Euro mencapai level tertinggi dalam dua bulan terakhir mendekati level 1.37 meskipun akhirnya kehilangan momentum di sesi perdagangan New
York seiring kembalinya kekhawatiran mengenai krisis utang Eropa dan akselerasi rally akhir‐akhir ini yang dinilai terlalu pesat membuat sebagian
investor melakukan aksi ambil untung. Kekacauan politik di Irlandia semakin memperparah prospek penanganan krisi hutang Uni‐Eropa yang juga
diperberat isu keamanan setelah ledakan bom di bandara terbesar di Rusia yang kemudian turut membebani kinerja euro. Namun demikian hingga
akhir sesi New York euro tercatat menguat 0.2% kelevel 1,3644 <EUR=>. Sementara itu dollar AS tercatat melemah 0.1% terhadap yen ke level
82,48 yen <JPY=> dan euro menguat 0,1% terhadap yen ke 112,51 <EURJPY=>. Dollar AS juga turun 1% ke 0,9484 Swiss franc <CHF=>.
 
• Euro tercatat telah menguat lebih dari 6% dalam 2‐pekan terakhir terdorong oleh rencana penyelamatan krisis hutang Uni‐Eropa serta ekspektasi
kenaikan suku bunga tahun ini seiring meningkatnya tekanan inflasi. Presiden ECB ‐ Jean‐Claude Trichet pada akhir pekan lalu memperingatkan
akan tingginya tekanan harga pada 17 neagra di kawasan Uni‐Eropa, komentar mana kemudian memicu ekspektasi kenaikan suku bunga sebelum
The Fed melakukannya.
 
• Harga emas ditutup menguat seiring pelemahan dollar AS dan berlanjutnya kekhawatiran pada kondisi hutang kawasan Uni‐Eropa berhasil bangkit
dari pelemahan seiring aksi technical selling. Harga spot emas <XAU=> turun 0,5% kelevel 1,335.85 USD per troy ounce.
 
• Sementara itu harga minyak dunia turun lebih dari 1% seiring perkiraan bahwa cadangan minyak yang dimiliki AS mencukupi kebutuhan konsumen.
Harga minyak juga mendapat sokongan dari pernyataan menteri perminyakan Arab Saudi yang menyoroti keprihatinan tentang pengaruh spekulan
pada lonjakan harga. Harga minyak Crude <CLc1> turun 1.39% kelevel 87.87 USD per barel.
 
• Outlook (Selasa, 25/Jan./2011): Bursa saham Asia kemungkinan akan dibuka menguat pada sesi Selasa 25 Januari menyusul menguatnya prospek
pertumbuhan global yang mendorong penguatan bursa ekuitas dan komoditas. Bursa saham Jepang diperkirakan akan dibuka menguat seiring
pelemahan kurs yen terhadap mata uang utama dunia lain.

Euro at 2-month high, growth bets lift stocks

By Walter Brandimarte and Alina Selyukh

NEW YORK | Mon Jan 24, 2011 4:52pm EST

NEW YORK (Reuters) - The euro hit a fresh two-month high on Monday as hopes for a durable solution to the euro-zone debt crisis pushed the currency past key technical levels, while stocks rose on bets of higher growth in the global economy.

Prices of copper and other metals rose as the optimism about growth triggered worries about supply constraints, driving up shares of miners and natural resources companies.
Asian shares headed to a positive start, with Nikkei futures traded in Chicago up 0.9 percent at 10,415.00.
Speculation that the European Central Bank might raise interest rates also provided support for the euro, pushing it as high as $1.3683 on trading platform EBS, a fresh two-month high against the dollar. It last traded up 0.21 percent at $1.3644.
"They are closer to tightening in the euro zone with a lot less spare capacity, and it is realistic to expect the ECB to tighten before the Federal Reserve," said Kathy Lien, director of research at GFT Forex in New York.
Expectations of higher rates in Europe grew after ECB chief Jean-Claude Trichet sounded tougher on inflation.
The European single currency has gained nearly 6 percent from this year's low as investors grew more confident about the euro zone's economic prospects.
Some analysts feared, however, that the rally was close to an end as political turmoil in Ireland was a reminder of the uncertainties plaguing the most indebted European countries.
"The euro's had a sharp rebound recently, but we think it's nearing its top in the bigger picture," said Ian Stannard, senior currency strategist at BNP Paribas.
"It's supported in the near-term by optimism over talks on the European rescue fund, but political problems in Ireland and Portugal show there are still lots of factors out there to hurt the currency," he added.
The U.S. dollar slipped 0.23 percent against a basket of major currencies, according to the U.S. Dollar Index .DXY. Against the Japanese yen, it fell 0.15 percent to 82.46.

STOCKS EXTEND GAINS
Global equities advanced as U.S. stocks found strength in large-cap technology and natural resources shares, which were lifted by bets on global growth prospects and Intel's gains.
The Dow Jones industrial average .DJI extended its rally after eight weeks of gains, rising 108.68 points, or 0.92 percent, to end at 11,980.52. The Standard & Poor's 500 Index .SPX advanced 7.49 points, or 0.58 percent, to close at 1,290.84, while the Nasdaq Composite Index .IXIC added 28.01 points, or 1.04 percent, to 2,717.55.
The blue-chip Dow average came close to touching the psychologically important 12,000 level, with its climb intraday to a fresh 52-week high at 11,982.94.
Intel Corp (INTC.O) raised its dividend by 15 percent and authorized another $10 billion for stock repurchases, putting the spotlight on larger tech companies with slower growth. Intel's stock closed up 2 percent at $21.24 and buoyed the major U.S. stock indexes.
Climbing copper prices and tin prices rising to all-time highs reflected concerns over supply constraints and buoyed materials companies' stocks.
"It's very difficult to ignore the positive implications for earnings in material stocks when the global economy is gaining traction," said Howard Ward, portfolio manager of the GAMCO Growth Fund in Rye, New York.
World shares as measured by the MSCI All-Country World Index .MIWD00000PUS rose 0.64 percent, while the FTSEurofirst 300 index .FTEU3 of top European shares added 0.25 percent to close at 1,151.18, supported by gains in mining stocks.
U.S. crude oil prices dropped $1.24, or 1.39 percent, to settle at $87.87 per barrel in choppy trading, even as heating oil futures were lifted by U.S. cold weather.
Still weighing on oil prices was last week's U.S. data showing an increase in oil inventories against forecasts for lower stockpiles.
Investors also were cautious before the U.S. Federal Reserve's first monetary policy meeting this year on Tuesday and Wednesday.
Prices of U.S. Treasuries were virtually unchanged as traders awaited an upcoming supply of debt and the outcome of the Fed's meeting. The benchmark 10-year note was up 1/32 in price, with the yield at 3.406 percent.
The Fed is expected to buy $29 billion in U.S. debt, buying Treasuries on four of five trading days this week. It will also issue a policy statement on Wednesday after its meeting -- its first meeting of the year.