Meredanya kekhawatiran The fed bawa bursa eropa naik

MarketWatch (14/6) LONDON — Pasar saham Eropa menguat pada pembukaan perdagangan hari Jumat mengikuti seminggu perdagangan yang volatile, setelah kekhawatiran pasar mereda semalam seputar adanya pengurangan pembelian obligasi oleh Federal Reserve AS. Indeks Stoxx Europe 600 naik sebesar 0,3% menjadi 291,43, berada di jalur untuk istirahat setelah turun beruntun selama empat hari. Shares of Glencore Xstrata PLC mengalami kenaikan sebesar 1.9% setelah perusahaan perdagangan komoditi dan pertambangan menandatangani kesepakatan kredit senilai $ 17,3 miliar, yang menggantikan sebelumnya fasilitas kredit revolving dari kedua Glencore dan Xstrata. Pasar saham Eropa Yang lebih luas menyambut sinyal dari AS, bahwa The Fed tidak akan untuk membuat perubahan pada program pelonggaran pada pertemuan kebijakan pengaturan datang minggu depan. Sebuah laporan di The Wall Street Journal Ketua Fed Ben Bernanke mengatakan bahwa kemungkinan akan menegaskan kembali bahwa bank sentral mengharapkan akan cukup banyak waktu untuk membuat perubahan pada program pembelian obligasi atau menaikkan suku bunga jangka pendek. http://www.marketwatch.com/story/european-stocks-climb-as-fed-fears-ease-2013-06-14

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 4:41 PM

Gold Bears Return as ETP Rout Extends to 17th Week: Commodities

Bloomberg, 14/6) -- Gold traders turned bearish for the first time in a month as investors reduced holdings in exchange-traded products for an unprecedented 17th consecutive week and India, the biggest buyer, announced curbs on imports.

Eighteen analysts surveyed by Bloomberg expect prices to fall next week, with 14 bullish and four neutral, the largest proportion of bears since May 17. Investors sold 490.4 metric tons valued at $21.8 billion through ETPs since Feb. 8 and the 2,124.7 tons left is the least they have held since April 2011, data compiled by Bloomberg show.

Bullion is on track for the first annual drop since 2000 as some investors lose faith in it as a store of value. While the slump into a bear market in April hurt billionaire hedge fund manager John Paulson and producer Newcrest Mining Ltd., it spurred purchases of coins and jewelry worldwide. That demand may be threatened in India after the nation raised gold import taxes to contain a record current-account deficit.

The metal fell 17 percent to $1,384.85 an ounce by 11:06 a.m. Singapore time this year and is trading 28 percent below the record $1,921.15 set in September 2011.

The Standard & Poor’s GSCI gauge of 24 commodities dropped 3.1 percent since the start of January and the MSCI All-Country World Index of equities rose 7.1 percent. Treasuries lost 1.4 percent, a Bank of America Corp. index shows.

India raised the import duty to 8 percent from 6 percent on June 5 and the central bank also further restricted shipments. Overseas purchases slid to an average of $36 million a day in the 14 business days through June 7, compared with an average $135 million a day in the 13 days through May 20, Raghuram Rajan, chief economic adviser in the Finance Ministry, said June 11. The All India Gems & Jewellery Trade Association has asked the government for a discussion on reversing the tax increase.

The move to slow demand comes amid the worst drop in ETP holdings since the first product was listed in 2003. Assets fell for 17 weeks through June 7 and are down 11.2 tons so far this week. Paulson, the largest investor in the SPDR Gold Trust, the biggest ETP, had a 13 percent loss in his Gold Fund last month. That takes the decline since the start of the year to 54 percent, according to a copy of a letter to investors obtained by Bloomberg News.

Bullion rose 57 percent since 2008 as the Fed led a global surge in money printing to boost growth. While the U.S. central bank will slow purchases, it will still buy $65 billion a month by October, the median of 59 economist estimates compiled by Bloomberg this month shows. The Bank of Japan restated its April pledge this week to increase the monetary base by 60 trillion to 70 trillion yen ($742 billion) a year, and refrained from adding extra policy tools to counter bond-market volatility.

“Global fundamentals, including accommodative monetary policy, remain positive for gold,” said Adrian Day, who manages about $135 million of assets as the president of Adrian Day Asset Management in Annapolis, Maryland. “The market is slowly realizing that despite all the talk about tapering of bond buying by the Fed, there will be no meaningful global tightening any time soon.”

The surge in equities over the past three quarters, which also damped demand for gold, is now partially reversing. The MSCI All-Country World Index reached a seven-week low yesterday. The U.S. Dollar Index, a measure against six currencies, slipped to the weakest in almost four months.

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 1:31 PM

Hong Kong Stocks Rebound as U.S. Economic Data Beats Estimates

(Bloomberg) 14/6 -- Hong Kong stocks gained, with the city’s benchmark index rebounding from its lowest close since Oct. 8, as U.S. economic data beat estimates and on bets the Federal Reserve will keep interest rates at a record-low. The Hang Seng Index rose 0.6 percent to 21,005.48 as of 9:34 a.m. The Hang Seng China Enterprises Index added 0.5 percent. The gauge yesterday closed 21 percent lower than its Feb. 1 high, exceeding the 20 percent threshold that some investors consider as a bear market.

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 9:20 AM

Gold edges lower for second session on stimulus fears

Reuters, (14/6) - Gold eased for a second session on Friday as investors worried about an early end to the Federal Reserve's massive bond-buying stimulus on the back of strong U.S. data. Spot gold fell 0.1 percent to $1,384.01 an ounce by 0023 GMT after losing about 0.15 percent on Thursday following stronger-than-expected U.S. data. U.S. gold rose about $6 to $1383.6. U.S. retail sales rose more than expected in May and first-time applications for unemployment benefits fell last week, signs of resilience in the economy. Investors fear a strengthening economy could prompt the Fed to start winding down its $85 billion monthly bond purchases that have supported gold prices. Net gold imports into India have fallen from an average of $135 million in the first half of May to $36 million in the second half, the finance minister said. The government has raised the import duty on gold and curbed gold financing in an effort to cut its current account deficit. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.63 percent to 1,003.53 tonnes on Thursday to fresh four-year lows.

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 9:18 AM

Asia stocks swoon; Japan, China markets plunge

MarketWatch(13/6) -- The Nikkei Stock Average plummeted 6.4% to end at 12,445.38 in Tokyo for its sixth loss in seven trading days. The drop marked the benchmark’s decline for a seventh straight Thursday, including the 7.3% plunge on May 23. The selloff came as the U.S. dollar fell as low as ¥93.76 during the session, nearly two full yen lower than the ¥95.61-level seen in North America late on Wednesday. The drop followed a a third straight session of losses for U.S. stocks Wednesday, on concerns the Federal Reserve could taper down its bond purchases. The dollar’s tumble against the yen “will put regional markets under pressure, but it may also [force] the U.S. Fed to reconsider its tapering plans in the face of a global sell off,” said Kim Eng Securities director of sales trading Andrew Sullivan.

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 3:55 PM

Europe stocks slump with Fed, growth in focus

MarketWatch (13/6) - LONDON — European stock markets slumped on Thursday, tracking sharp losses in Asia and the U.S., after the World Bank cut its 2013 global growth estimate.

The Stoxx Europe 600 index slid 1.4% to 286.74, on track for a fourth straight day of losses.

U.S. stock futures pointed to a lower open on Wall Street.
Back in Europe, Germany’s DAX 30 index slipped below the 8,000 level for the first time since early May, dropping 1.8% to 7,998.96.

France’s CAC 40 index lost 1% to 3,754.17, while the U.K.’s FTSE 100 index gave up 1% to 6,235.03.

http://www.marketwatch.com/story/europe-stocks-slump-with-fed-growth-in-focus-2013-06-13

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 3:52 PM

Japan Stocks Tumble as Nikkei 225 Nears Bear Market; Yen Climbs

Bloomberg, (13/6) -- Japan’s Nikkei 225 Stock Average plunged, falling 19 percent from a recent high and close to entering a bear market, as the yen rose to its strongest against the dollar in more than two months. The Nikkei 225 slumped 5.6 percent to 12,547.96 as of 12:39 p.m. in Tokyo, its third fall of more than 5 percent in the past month. The gauge dropped as much 6.6 percent today, the biggest loss since shares in Japan plummeted on May 23. Nikkei 225 futures lost 5.4 percent in Osaka and 5.1 percent in Singapore. The Topix sank 4.2 percent to 1,050.78 with all 33 industry groups retreating. “Selling breeds selling and it’s snowballing,” said Nader Naeimi, Sydney-based head of dynamic asset allocation at AMP Capital Investors Ltd., which manages $126 billion. “There’s a global sell-off in risk assets. Short term there was froth and that needed to come out, especially in Japan.” All but one company on the Nikkei 225 fell. Toyota Motor Corp., the world’s No. 1 carmaker, sank 3.8 percent. Nomura Holdings Inc., Japan’s biggest brokerage, lost 4.8 percent as securities companies declined. Hino Motors Ltd. tumbled 7.9 percent for the biggest fall on the Nikkei 225. Kansai Electric Power Co. was the only share to rise. The yen today rose to its strongest level since April 4, when the Bank of Japan unveiled a plan to buy more than 7 trillion yen ($73 billion) of bonds every month in an attempt to secure 2 percent inflation. The Japanese currency gained to as much as 94.45 per dollar. “Investors are worried that the yen may strengthen even further,” said Tomomi Yamashita, a fund manager who helps oversee the equivalent of $5 billion at Shinkin Asset Management Co. in Tokyo. “There isn’t any good material to boost the market right now, and investors who had bought too much are feeling uneasy and now dumping shares.”

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 11:06 AM