Hong Kong Stocks Fail to Lure JPMorgan With Worst Developed Drop

Bloomberg, (28/6) - Hong Kong stocks are set for the biggest decline among developed markets this half as concern about China’s economy drives valuations 22 percent below the five-year average.

The Hang Seng Index tumbled 9.8 percent in 2013, trailing the Standard & Poor’s 500 Index by the most in 15 years and wiping more than $145 billion from the value of shares. The losses dragged the gauge’s valuation to 9.7 times estimates earnings, compared with a five-year average of 12.5, according to data compiled by Bloomberg.

JPMorgan Asset Management and Goldman Sachs Group Inc. say Hong Kong stocks may get even cheaper as a manufacturing slowdown in China collides with the worst cash shortage in a decade. The waning outlook for the world’s second-biggest economy is exacerbating declines spurred by the U.S. Federal Reserve’s plan to dial back unprecedented stimulus measures.

http://www.bloomberg.com/news/2013-06-27/hong-kong-stocks-fail-to-lure-jpmorgan-with-worst-developed-drop.html

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 1:50 PM

Harga minyak beranjak ke bawah US$ 97 per barel

NEW YORK. Harga minyak mentah di bursa berjangka Amerika Serikat (A) beranjak menuju ke bawah harga US$ 97 per barel, pada hari Jumat ini (27/6). Harga minyak turun akibat penguatan nilai tukar dolar AS.

Untuk pengiriman bulan Agustus, harga minyak mentah AS turun 44 sen menjadi US$ 96,61 per barel. Untuk minggu ini, kontrak harga minyak masih naik sekitar 3%, kenaikan ketiga dalam empat minggu terakhir.

Sementara itu, harga minyak mentah Brent turun 34 sen menjadi US$ 102,48 per barel. Meskipun turun, harga minyak Brent naik untuk yang ketiga ketiga dalam empat pekan.

Menurut Reuters, penurunan harga minyak sebagian besar didorong oleh kekhawatiran atas rencana pembatasan stimulus AS serta adanya perlambatan ekonomi di China.


source: http://investasi.kontan.co.id/news/harga-minyak-beranjak-ke-bawah-us-97-per-barel

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 8:47 AM

U.S. Stocks Rise as GDP Report Fuels Fed Stimulus Bets

bloomberg (27/6)--U.S. stocks rose, sending the Standard & Poor’s 500 Index (SPX) higher for a second day, as China’s cash crunch eased and slower-than-forecast economic growth fueled speculation the Federal Reserve will maintain stimulus. Citigroup Inc. and Bank of America Corp. advanced at least 0.5 percent to lead financial stocks higher. Boeing Co. and UnitedHealth Group Inc. jumped more than 1.9 percent to lead gains in the the Dow Jones Industrial Average. Barrick Gold Corp. and Newmont Mining Corp. fell more than 4.9 percent, leading a selloff in precious-metal producers as gold and silver slumped to 34-month lows. The S&P 500 increased 0.8 percent to 1,599.94 at 12:16 p.m. in New York, after the equity benchmark rebounded yesterday from a nine-week low. The Dow climbed 107.13 points, or 0.7 percent, to 14,867.44 today. Trading of S&P 500 companies was 5.6 percent below the 30-day average at this time of day.

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 9:04 AM

Asia stocks come off highs; Shanghai falls again

MarketWatch (26/6) - HONG KONG — Stocks in Australia and Hong Kong climbed Wednesday as a positive lead from Wall Street helped a rebound from a string of recent losses, but shares traded in Shanghai extended losses and pulled many regional share markets off the day’s highs. Australia’s S&P/ASX 200 jumped 1.5% after a four-day losing streak, while Taiwan’s Taiex rose 1.1% after suffering losses in the previous five sessions. Hong Kong’s Hang Seng Index gained 0.5% to 19,947.71, dropping back below the 20,000 after opening above that level. http://www.marketwatch.com/story/japan-stocks-lead-asia-rebound-after-losing-streak-2013-06-25

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 11:24 AM

Gold Bear Market Hits Hardest in South Africa Mines: Commodities

Bloomberg (26/6) - No one has more to lose from gold’s bear market than South African producers as workers digging in the world’s deepest, costliest mines threaten to bring them to a standstill unless pay is more than doubled.

A record quarterly drop in the metal to as low as $1,270 an ounce is already below production and capital spending costs at Sibanye Gold Ltd., Harmony Gold Mining Co. and Gold Fields Ltd., figures compiled by Bloomberg show. Harmony’s South African output costs are the highest of the world’s 12 biggest producers by volume, according Bloomberg Industries.

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 10:00 AM

Gold inches up as Fed officials downplay stimulus wind-down

Reuters (25/6) - SINGAPORE - Gold edged higher on Tuesday as the dollar weakened after two top Federal Reserve officials downplayed an imminent end to monetary stimulus. Bullion is still down more tha 7 percent since the start of last week due to worries over an early end to the Fed's $85 billion monthly bond purchases and a cash crunch in China. http://www.reuters.com/article/2013/06/25/markets-precious-idUSL3N0F101K20130625

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 9:33 AM

Hong Kong shares may start lower, China in focus after Monday rout

Reuters (25/6) - Hong Kong shares may start weaker on Tuesday as investors brace for the first of two open market operations in the mainland to gauge the extent of the cash crunch that has raised fears of a banking crisis. China shares suffered their worst daily loss in almost four years on Monday, with financials hammered on fears that the central bank would keep money tight and economic growth could slow sharply. The Hang Seng Index dropped on Monday for a fourth straight day, ending down 2.2 percent at 19,814 points. The China Enterprises Index of the top Chinese listings in Hong Kong sank 3.2 percent to its lowest since October 2011. http://www.reuters.com/article/2013/06/25/markets-hongkong-stocks-preopen-idUSL3N0F105720130625

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 9:28 AM