China Stock-Index Futures Fall Amid JPMorgan Cut, U.S. Talks

Kontak Perkasa - Bloomberg (16/10) --  China’s stock-index futures fell after JPMorgan Chase & Co. downgraded Chinese equities to underweight. Futures on the CSI 300 Index (SHSZ300) expiring in October slipped 0.1 percent to 2,456 as of 9:21 a.m. local time. Inner Mongolia Yili Industrial Group Co., a milk producer, may be active after China tightened regulations on imported baby formula. Kweichow Moutai Co. may rise after third-quarter net income increased. The Shanghai Composite Index (SHCOMP) slipped 0.2 percent to 2,233.41 yesterday, while the CSI 300 Index fell 0.2 percent to 2,467.52. The Hang Seng China Enterprises Index gained 0.9 percent as Hong Kong’s markets re-opened after a holiday. The Bloomberg China-US Equity Index fell 0.7 percent. The Shanghai Composite has climbed 15 percent from its four-year low on June 27, boosted by speculation the city’s free-trade zone will attract foreign companies and allow for financial liberalization. The Shanghai Equity Exchange called a report from Shanghai Great Wisdom’s AAStocks.com that the exchange was studying an international stock board at the free-trade zone a “serious misrepresentation of the truth,” according to a statement on the bourse’s website today. The Shanghai index trades at 8.8 times projected earnings for the next 12 months, compared with the five-year average of 12.6, data compiled by Bloomberg show. Trading volumes in the stocks measure were 0.2 percent below the 30-day average yesterday. The government is scheduled to publish third-quarter gross domestic product data on Oct. 18. The economy probably expanded 7.8 percent from a year earlier, according to a Bloomberg survey, up from the second quarter’s 7.5 percent pace.

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 10:25 AM

Dollar Gains Versus Yen as Senate Restarts Talks on Debt Impasse

Kontak Perkasa - Bloomberg (16/10) --  The dollar rose versus the yen for the first time in three days after Senate leaders resumed talks to avoid a U.S. default and reopen the government, damping demand for Japan’s haven assets.

The yen dropped against all major peers as Standard & Poor’s 500 Index futures and Asian stocks gained with the Senate discussions representing the clearest path to a deal. Any agreement would need to clear hurdles including persuading House Speaker John Boehner to allow a vote. New Zealand’s currency rose for a fourth day as faster-than-expected inflation boosted chances the central bank will raise its key interest rate.

“The way the market is trading is, small selloffs on bad news and big rallies on positive news,” said Sean Callow, a senior currency strategist at Westpac Banking Corp. in Sydney. “I’d want to know whether Boehner will present any bill agreed on in the Senate for a vote in the House. That’s what we really need for a real relief rally.”

The dollar rose 0.4 percent to 98.52 yen as of 9:42 a.m. in Tokyo after a 0.4 percent slide in the previous two days. It was little changed at $1.3511 per euro after climbing 0.3 percent yesterday. New Zealand’s currency rose 0.1 percent to 83.93 U.S. cents. The euro gained 0.3 percent to 133.11 yen.

The Bloomberg U.S. Dollar Index, which tracks the performance of the greenback against 10 major peers, was little changed at 1,012.92.

Senate Majority Leader Harry Reid, a Democrat, and Minority Leader Mitch McConnell, a Republican, had suspended talks earlier while the House considered its own bill. They must now reach a final agreement, get all 100 senators to permit an expedited vote and persuade Boehner to allow a vote in the House that would pass largely with Democratic support.

The Treasury Department will have about $30 billion on hand after Oct. 17. Depending upon daily tax receipts and incoming bills, the U.S. government could be forced to default on its obligations at any date thereafter -- to bondholders and millions of Social Security recipients.

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 9:44 AM

Tokyo Stock Up 0.18% by Break

Kontak Perkasa - AFP (10/10) -- Tokyo stocks rose 0.81 percent Thursday morning as the yen weakened and the White House moved to convene meetings with leading members of Congress to end a budget stand-off. The benchmark Nikkei 225 index climbed 113.14 points to 14, 150.98 by the break, while the Topix index of all first-section shares was up 0.75 percent, or 8.72 points, at 1,175.62. President Barack Obama on Wednesday invited Republican and Democratic lawmakers to the White House to try to work through budget disagreements that have resulted in the partial shutdown of the government. The impasse threatens to cause a debt default if the two sides fail to raise the borrowing limit by and October 17 deadline. On currency markets, the dollar was supported by Obama's formal nomination of fiscal dove Janet Yellen to become the next head of the Federal Reserve. The dollar rose to 97.62 yen from 97.37 yen in New York Wednesday. A weaker yen tends to lift the Japanese stock market as it helps boost profitability among the country's major exporters. Data Thursday showed Japanese machinery orders -- a key indicator of corporate capital spending -- rose 5.4 percent on-month in August, beating expectations. Consumer confidence figures are due later Thursday. On Wall Street the S&P 500 and Dow were slightly higher, but a sell-off in tech stocks sent the Nasdaq lower, following a two percent plunge on Tuesday.

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 11:09 AM

Gold drops close to $1,300 on stronger dollar, stimulus worries

Kontak Perkasa - Reuters, (10/10), Singapore - Gold dropped close to $1,300 an ounce on Wednesday, as the dollar bounced from an eight-month low and on signs the Federal Reserve may trim its stimulus measures this year. Spot gold had fallen 0.24 percent to $1,303.44 an ounce by 0014 GMT, after losing around 1 percent the session before. The Fed's shock decision last month not to reduce its support for the U.S. economy was a 'relatively close call' for policymakers, according to minutes of the meeting that also showed there was still broad support to trim bond-buying this year. Bullion's safe-haven appeal dimmed as President Barack Obama launched a series of White House meetings with lawmakers on Wednesday to search for a way to end a government shutdown and raise the debt limit. Gold sales under the Central Bank Gold Agreement in the year to Sept. 26 were the lowest of any year since the first version of the pact came into force in 1999, data from the World Gold Council showed. Domestic gold traders in India, struggling for supplies in the peak festival season, may start getting the metal in the next two weeks under a new import rule, where exporters get a priority on shipments, officials at importing banks said. http://www.reuters.com/article/2013/10/10/markets-precious-idUSL4N0I001K20131010

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 9:36 AM

Indeks Saham Cina berjangka Turun Setelah IMF Memotong Proyeksi Pertumbuhan

Kontak Perkasa - Bloomberg (09/10) - indeks saham berjangka China turun setelah Dana Moneter Internasional memangkas proyeksi untuk pertumbuhan ekonomi nasional dan memperingatkan bahwa default pemerintah AS bisa ' kerusakan serius ' ekonomi dunia. Kontrak pada Indeks CSI 300 berakhir pada bulan Oktober turun 0,3 persen ke level 2.435 pada pukul 09:18 waktu setempat. Cina Yangtze Power Co, pemilik proyek PLTA terbesar di dunia, mungkin turun setelah produksi listrik turun sebesar 11 persen dalam sembilan bulan pertamamya. China Vanke Co akan naik seiring UBS AG mengatakan penjualan pengembang melonjak 29 persen pada bulan lalu dari tahun sebelumnya. The Shanghai Composite Index naik 1,1 persen ke level 2,198.20 kemarin, seiring pengecer dan pengembang properti menguat pada peningkatan penjualan selama liburan selama seminggu. Volume perdagangan dalam ukuran yang 13 persen lebih rendah dari rata-rata 30-hari, menurut data yang dikumpulkan oleh Bloomberg . CSI 300 Index naik 1,4 persen ke level 2,441.81. Hang Seng China Enterprises Index naik 1 persen. IMF mengurangi perkiraan untuk China menjadi 7,6 persen pada tahun ini dalam laporan yang dirilis kemarin di Washington, dari perkiraan pada bulan Juli 7,8 persen, dan 7,3 persen pada 2014 sebesar 7,7 persen. Bank Dunia menurunkan estimasi pertumbuhan China sehari sebelumnya . Prospek kenaikan suku bunga jangka panjang AS dan pembalikan parsial arus modal meninggalkan emerging market dengan posisi fiskal yang lemah atau inflasi yang lebih tinggi terutama terbuka. Indeks The Bloomberg China-AS, Ekuitas, saham perusahaan China yang paling diperdagangkan yang terdaftar di AS, turun 2,1 persen di New York kemarin seiring kekhawatiran tumbuh bahwa kebuntuan antara anggota parlemen AS atas batas utang dapat menyebabkan default pemerintah. Presiden Barack Obama menegaskan kemarin bahwa ia tidak akan berunding dengan partai Republik atas shutdown parsial pemerintah dan batas utang AS. (izr)

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 9:40 AM

Minyak WTI Berfluktuasi seiring DPR AS Berusaha Menaikan Batas Hutang

Kontak Perkasa - Bloomberg, (09/10) – Minyak  mentah WTI (West Texas Intermediate) berayun antara keuntungan dan kerugian seiring anggota parlemen AS mengambil langkah-langkah menuju menaikkan batas utang pemerintah, mengurangi kemungkinan default yang memperlambat pertumbuhan ekonomi dan melemahkan permintaan bahan bakar. Minyak berjangka berfluktuasi di New York setelah menguat 0,5% kemarin. Senat Demokrat berencana menyuarakan pengujian sebelum akhir pekan pada ukuran yang akan memberikan Presiden Barack Obama kewenangan untuk menaikkan plafon utang senilai $16.7 triliun, mungkin selama setahun, kecuali dua pertiga dari kedua majelis Kongres setuju. Stok minyak mentah AS naik pada pekan lalu, sedangkan persediaan bahan bakar turun, menurut laporan industri . Minyak WTI untuk pengiriman November berada di level $103,64 per barel, naik 15 sen dalam perdagangan elektronik di New York Mercantile Exchange pada pukul 11:58 waktu Sydney. Kontrak naik 46 sen menjadi $103,49 kemarin. Volume semua berjangka yang diperdagangkan adalah sekitar 70% di bawah rata-rata 100 hari. Minyak Brent untuk penyelesaian November naik turun 1% menjadi $ 110,15 per barel di ICE Futures Europe exchange yang berbasis di London. Minyak Patokan Eropa lebih tinggi sebesar $6,54 dibanding minyak WTI berjangka, turun dari $6,67 kemarin. (izr)

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 9:36 AM

Saham Asia Jatuh Karena Kebuntuan Hutang A.S. Akibatnya Saham Konsumen Jatuh

Bloomberg (9/10) – Saham-saham Asia jatuh, memangkas kenaikan kemarin ditengah  kekhawatiran atas pertentangan parlemen A.S mengenai batas hutang yang dapat memicu gagal bayar (default) pemerintah A.S. Sementara itu perusahaan terkait konsumer dan utiliti  memimpin penurunan. Indeks MSCI Asia Pacific jatuh 0.3% ke level 138.06 pukul 9:02 pagi waktu Tokyo setelah menguat 0.4% kemarin. Bursa berjangka pada indeks Standard & Poor’s 500 naik 0.3% seiring Gedung Putih menyiapkan nominator Janet Yellen sebagai Ketua Federal Reserve berikutnya. Yellen, yang saat ini masih menjabat wakil ketua The Fed sejak 2010, telah diartikulasikan  untuk menjaga kebijakan moneter yang sangat akomodatif. Indeks S&P 500  jatuh 1.2% kemarin. Obama mengatakan kepada wartawan di Washington bahwa ekonomi A.S berada dalam  resiko “resesi yang sangat dalam“ bila Kongres tidak menaikkan batas hutang sebesar $16.7 trilliun. International Monetary Fund memangkas perkiraan pertumbuhan ekonomi global untuk tahun ini dan tahun depan seiring kelanjutan keluarnya aliran modal dari emerging market semakin memburuk, dan memperingatkan bahwa gagal bayar (default) pemerintah A.S dapat mempengaruhi pertumbuhan ekonomi dunia. (bgs)

Written by: Kontak Perkasa Futures

PT.Kontak Perkasa Futures, Updated at: 9:00 AM