China’s Stock-Index Futures Drop After Longest Rally Since 1992

KPF Jogja - China’s stock-index futures retreated after the benchmark gauge had its longest winning streak since 1992.

Futures on the CSI 300 Index expiring in April, the most active contract, lost 0.3 percent to 3,961.40 as of 9:16 a.m. local time. Agricultural Bank of China Ltd. may move after posting an unexpected decline in fourth-quarter earnings. China Life Insurance Co., the nation’s biggest insurer, may advance after saying profit rose 30 percent last year.

The Shanghai Composite Index climbed 0.1 percent to 3,691.41 for a 10th day of gains on Tuesday. The winning streak was the longest since a 14-day stretch in May 1992. The CSI 300 Index rose less than 0.1 percent. Combined turnover in Shanghai and Shenzhen stock exchanges jumped to an all-time high on Tuesday, while new account openings surged to a record 1.14 million last week.

Hong Kong’s Hang Seng China Enterprises Index fell 1.4 percent, while the Hang Seng Index lost 0.4 percent. The Bloomberg China-US Equity Index, the measure of the most-traded U.S.-listed Chinese companies, added 0.2 percent for a seventh day of gains in New York on Tuesday.

The Shanghai Composite has gained 14 percent this year, extending last year’s 53 percent advance, amid speculation the government will add to two cuts in interest rates and one reduction in lenders’ reserve-requirement ratios since November to shore up growth.
Source: Bloomberg


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Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 9:32 AM

Kinerja Saham Material Angkat Saham Asia

KPF Jogja - Saham Asia menguat, dengan indeks acuan regional rebound Selasa kemarin menuju level tertinggi dalam enam bulan terakhir, karena saham produsen barang rumah tangga dan saham material memimpin kenaikan.

Indeks MSCI Asia Pacific naik 0,2 % ke level 148,98 pukul 09:03 pagi di Tokyo. Indeks tersebut naik 7,8 % tahun ini sampai Selasa kemarin, sehingga mendorong valuasi estimasi laba sebesar 15 kali, merupakan level tertinggi sejak Mei 2010 lalu, dibandingkan dengan 17,7 kali untuk Indeks Standard & Poor 500.

Indeks Topix Jepang naik 0,3 %. Indeks S&P/ASX 200 Australia naik 0,2 %. Sedangkan Indeks NZX 50 Selandia Baru melemah 0,1 %. Sementara pasar saham di China dan Hong Kong belum dibuka.

Indeks Kospi Korea Selatan stagnan. Sementara pertumbuhan ekonomi negara tersebut pada kuartal keempat direvisi turun menjadi 0,3 % dari tiga bulan sebelumnya, dibandingkan dengan perkiraan sebelumnya sebesar 0,4 %.

Indeks Shanghai Composite naik 0,1 % pada Selasa kemarin, sehingga menghapus penurunan sebesar 2,4 % dan membatasi kenaikan selama 10-hari, merupakan kenaikan beruntun terpanjang dalam hampir 23 tahun terakhir. (vck)
Sumber: Bloomberg


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Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 9:30 AM

Dollar Holds Drop After Fischer Talks Rates; Copper Futures Jump

KPF Jogja - The dollar maintained declines amid speculation the Federal Reserve won’t be in a hurry to raise interest rates. Most Asian stocks fell after a retreat in the U.S., while copper gained before Chinese factory data.

The greenback was at $1.0949 per euro by 9:12 a.m. in Tokyo, after sliding more than 1 percent against the 19-nation currency on each of the past two trading days. The South Korean won and Malaysian ringgit climbed at least 0.6 percent. More shares fell than rose in the MSCI Asia Pacific Index as Japan’s Topix gauge lost 0.3 percent. U.S. equity futures were little changed after benchmark indexes retreated Monday. Copper futures jumped 2.9 percent in New York, climbing for a fourth day.

San Francisco Fed President John Williams speaks to economists in Sydney Tuesday after Stanley Fischer, the U.S. central bank’s vice chairman, said there won’t be a “smooth upward path” for rates, even with the first increase potentially warranted by late 2015. The prospect of a slower-than-estimated pace of tightening has knocked the dollar from a decade high. In Asia, gauges of March manufacturing are due for China and Japan, and Vietnam reports on inflation.

Source : Bloomberg

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 8:48 AM

Oil Holds Gains Near Week High Before Chinese Manufacturing Data

KPF Jogja - Oil held gains near the highest price in more than a week before data that may signal the strength of China’s economy, the world’s second-largest crude consumer.
 

Futures were little changed in New York after rising 1.9 percent on Monday. An index of China’s manufacturing output was forecast at 50.5 in March, down from 50.7 in February, a Bloomberg News survey showed before a preliminary reading from HSBC Holdings Plc. U.S. crude stockpiles probably increased further from a record high last week, according to a separate Bloomberg poll before government data on Wednesday.

Oil has fallen 12 percent from this year’s peak in February as U.S. crude inventories and production surged to the highest level in more than three decades. Saudi Arabia, which led a decision in November by the Organization of Petroleum Exporting Countries to resist calls to cut output, is pumping near a record level, its petroleum minister said on Sunday.

West Texas Intermediate for May delivery was at $47.18 a barrel in electronic trading on the New York Mercantile Exchange, down 27 cents, at 12 p.m. Sydney time. The contract advanced 88 cents to $47.45 on Monday. Total volume was about 74 percent below the 100-day average. Prices have decreased 11 percent this year.

Source: Bloomberg

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PT.Kontak Perkasa Futures, Updated at: 8:44 AM

Gold Holds Near Two-Week High on Rates Outlook After Dollar Dips

KPF Jogja -Gold traded near the highest level in two weeks on speculation that the Federal Reserve may be slow to raise interest rates in the world’s biggest economy.

Bullion for immediate delivery traded at $1,188.14 an ounce at 9:07 a.m. in Singapore from $1,189.54 on Monday, when prices climbed to $1,191.71, the highest since March 6, according to Bloomberg generic pricing. The precious metal advanced 2.1 percent last week, the most since January.

Gold rebounded from a three-month low last week as Fed Chair Janet Yellen suggested that policy makers are in no hurry to raise rates, even as the Fed dropped a pledge to be patient on tightening. The dollar weakened on Monday after Stanley Fischer, the U.S. central bank’s vice chairman, said there won’t be a “smooth upward path” for rates, even with the first increase potentially warranted by the end of 2015.

Fed officials on March 18 lowered their estimates for borrowing costs at the end of 2015 to 0.625 percent from December’s estimate of 1.125 percent. Traders had been exiting gold in anticipation of steeper rate gains, which usually send investors to assets with better yield prospects such as stocks.

The Bloomberg Dollar Spot Index dropped for a second day on Monday after tumbling 2.2 percent last week, the biggest weekly decline since October 2011. Gold typically trades counter to the U.S. currency.

Bullion for April delivery rose 0.1 percent to $1,188.50 an ounce on the Comex, set to rise for a fifth day.

Source: Bloomberg

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PT.Kontak Perkasa Futures, Updated at: 8:40 AM

U.S. Stocks Slip as Transports Decline Offsets Consumer Gains

KPF Jogja -  U.S. stocks retreated after the Standard & Poor’s 500 Index climbed within four points of a record, as a drop in transportation companies offset gains in consumer shares.

The Dow Jones Transportation Average dropped after railroad Kansas City Southern cut its outlook. The Nasdaq Biotechnology Index fell 2.2 percent after setting a record Friday.

The S&P 500 slipped 0.2 percent to 2,104.44 at 4 p.m. in New York. The Nasdaq Composite Index lost 0.3 percent.

The S&P 500 and Dow are less than 1 percent from records they last reached on March 2. The Nasdaq Composite jumped on Friday to a 15-year high, almost erasing its losses since the end of the dot-com bubble. The S&P 500 rose 2.7 percent last week, with the dollar weakening, as concern eased about an interest-rate increase.

Source : Bloomberg

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PT.Kontak Perkasa Futures, Updated at: 8:34 AM

Japan Stocks Fall First Time in Three Days on U.S. Rate Outlook

KPF Jogja - Japanese stocks fell for the first time in three days as the yen held two days of gains amid speculation the Federal Reserve won’t hurry to raise interest rates.

The Topix index declined 0.3 percent to 1,587.30 as of 9:02 a.m. in Tokyo, after closing yesterday at a seven-year high. More than two stocks fell for each that rose. The Nikkei 225 Stock Average lost 0.2 percent to 19,702.42. The yen traded at 119.75 per dollar after Federal Reserve Vice Chairman Stanley Fischer said there won’t be a “smooth upward path” for U.S. interest rates, even with the first increase potentially warranted by late 2015.

Global equity values climbed by more than $2.4 trillion last week as Fed policy makers signaled a more gradual pace of monetary tightening than previously estimated. San Francisco Fed President John Williams speaks to economists in Sydney Tuesday after Fischer’s comments Monday to the Economic Club of New York.

E-mini futures on the Standard & Poor’s 500 Index added 0.1 percent after the underlying equity measure lost 0.2 percent Monday in New York.

Source: Bloomberg

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PT.Kontak Perkasa Futures, Updated at: 8:30 AM