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.”

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

Yellen difavoritkan untuk menggantikan Bernanke Fed: jajak pendapat Reuters

(Reuters) 13/6 - Janet Yellen, yang sekarang menjabat wakil ketua Federal Reserve, adalah kandidat yang paling di favoritkan untuk menggantikan Ben Bernanke saat masa jabatan keduanya sebagai pimpinan bank sentral AS berakhir awal tahun depan, menurut jajak pendapat Reuters terhadap para ekonom. Hasil jejak pendapat menyatakan bahwa 40 dari 44 ekonom kata Yellen, mantan presiden San Francisco Federal Reserve Bank, akan menjabat sebagai pimpinan Federal Reserve pada bulan Februari 2014. Dukungan untuk nominasi nya kuat tapi belum cukup kuat, dengan 23 dari 38 ekonom mendukung untuk menduduki jabatan tertinggi Federal Reserve. Yellen, ekonom berusia 66 tahun yang dipandang sebagai pendorong kelonggaran kebijakan moneter, setelah menjabat sebagai orang nomor dua di bank sentral sejak 2010. Dia sangat mendukung langkah-langkah agresif yang diambil oleh Bernanke untuk memacu pertumbuhan ekonomi AS dan meningkatkan lapangan kerja. (izr)

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PT.Kontak Perkasa Futures, Updated at: 11:02 AM

Yen Surges Past 95 Per Dollar to 2-Month High on Japan Flow Data

Bloomberg(13/6) -- The yen surged, jumping to the strongest level in two months against the dollar, after government data showed Japanese investors were net sellers of overseas bonds and stocks for a fourth-straight week. The greenback’s volatility against the Japanese currency jumped to the highest in more than two years before U.S. economic data that may provide more direction about when the Federal Reserve will begin to slow stimulus. The yen has now unwound all its losses since the Bank of Japan announced unprecedented monetary stimulus on April 4. New Zealand’s dollar dropped against all of its major peers after the central bank signaled the currency remains overvalued. The yen surged 1.3 percent to 94.75 per dollar as of 11:28 a.m. in Tokyo after climbing to 94.45, the strongest since April 4. Its 4.2 percent, three-day advance is set to be the biggest since May 2010. The currency pair’s one-month implied volatility touched 17.1 percent, a level unseen since March 2011. The yen gained 1.2 percent to 126.59 per euro.

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 10:44 AM

Gold extends declines into 2nd day on stimulus worries

Reuters, (12/6) -- Gold extended declines into a second session on Wednesday as fears lingered that the Federal Reserve could curb its stimulus programme as the U.S. economy shows signs of recovery. Spot gold had fallen 0.2 percent to $1,376.29 an ounce by 0022 GMT, after a 0.5 percent drop the day before as equity and commodity markets were rattled by the absence of fresh steps from the Bank of Japan to calm turbulence in the domestic bond market. Bullion had fallen to its lowest in nearly three weeks on Tuesday before recovering some of the losses. U.S. gold was little changed at $1,376.20. A Standard & Poor's upgrade of the U.S. credit outlook on Monday prompted investors to believe the economy was strong enough for the Fed to begin scaling back its bond purchases. Such a step would dent gold's appeal as a hedge against inflation. BOJ Governor Haruhiko Kuroda said the central bank would consider fresh steps to calm markets if borrowing costs spike again in the future, but the central bank held off on new measures on Tuesday arguing that bond markets had stabilised. Outflows from gold-backed exchange-traded products totalled $5.7 billion in May, compared with $8.7 billion in April, according to Blackrock. In the first four trading days of June, outflows amounted to $374 million.

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 9:19 AM

Saham Jepang Jatuh Setelah Yen mengalami Lonjakan terhadap dolar

Bloomberg, (12/6)  -- Saham Jepang jatuh, dengan indeks saham Topix turun untuk hari kedua setelah yen mengalami penguatan tertinggi dalam tiga tahun  terakhir terhadap dolar di karenakan Bank of Japan mempertahankan kebijakan moneternya. Toyota Motor Corp, produsen mobil terbesar dunia, sahamnya merosot 2,4 persen. Mitsubishi Heavy Industries Ltd mengalami penurunan setelah data pemesanan mesin di Jepang turun melebihi perkiraan. Mitsubishi UFJ Financial Group Inc, bank kreditor terbesar di negara itu,  turun 3,3 persen setelah surat kabar Nikkei melaporkan Badan Jasa Keuangan akan menerapkan peraturan baru yang dapat merugian investor dari lembaga-lembaga keuangan yang bermasalah. Indeks Topix mengalami penurunan 2,2 persen ke 1,077.81 pada 09:34 pagi di Tokyo, dengan di ikuti dengan turunnya 33 kelompok industri. Volume berada 31 persen lebih rendah dari 30-hari rata-rata intraday. Indeks Nikkei 225 Stock avarage merosot 2 persen ke 13,046.39. (izr)

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PT.Kontak Perkasa Futures, Updated at: 9:17 AM

Bursa Asia ikut tertekan stimulus Jepang

TOKYO. Saham Asia terjungkal dan memperpanjang penurunan bursa saham global setelah Bank Sentral Jepang memutuskan untuk membatasi stimulus. Bank Sentral Jepang dikhawatirkan tak mau lagi menambah stimulus di pasar. Seperti yang diberitakan Bloomberg, MSCI Asia Pacific Index turun 0,1% menjadi 131,46 pada 09:01 waktu Tokyo. Setidaknya ada enam saham jatuh. Sementara itu, bursa saham di China, Hong Kong, Taiwan dan Filipina tutup karena bertepatan dengan hari libur. Sebelumnya, bursa Amerika Serikat (AS) ditutup melemah, merespons sikap Bank Sentral Jepang yang ingin membatasi stimulus ekonomi setelah laporan ekonomi negara Sakura itu membaik. http://investasi.kontan.co.id/news/bursa-asia-ikut-tertekan-stimulus-jepang

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 8:41 AM