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Japanese Stocks Rise for Second Day This Week as Developers Gain
Written By Kontak Perkasa Futures on Wednesday, March 25, 2015 | 9:42 AM
The Topix index added 0.3 percent to 1,591.92 as of 9:03 a.m. in Tokyo, with three stocks rising for every two that fell. The Nikkei 225 Stock Average advanced 0.3 percent to 19,773.97.
The Topix’s relative strength index was at 75 on Tuesday, above the 70 level some traders say indicates shares have risen too fast and are poised to drop.
E-mini futures on the Standard & Poor’s 500 Index were little changed after the underlying equity measure lost 0.6 percent on Tuesday in New York as a report on consumer prices showed signs inflation is picking up.
The cost of living in the U.S., excluding food and fuel, rose 0.2 percent in February, the first gain in four months, as fuel costs stabilized. Federal Reserve Chair Janet Yellen signaled last week that the central bank is in no hurry to raise interest rates after policy makers dropped a pledge to be patient on tightening monetary policy.
Source : Bloomberg
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Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 9:42 AM
China’s Influence Set to Climb as U.S. Thwarted on New Bank
Three lending institutions with at least $190 billion are taking shape under China’s leadership, one of them informally referred to as a Marshall Plan -- evoking the postwar U.S. program to rebuild an impoverished Europe. Also this year, China’s yuan may win the IMF’s blessing as an official reserve currency, a recognition of its rising use in trade and finance.
China’s clout has been expanding for decades, as its rapid growth allowed it to snap up a rising share of the world’s resources, its exports penetrated global markets, and its bulging financial assets gave it power to make big individual loans and purchases. Now, the creation of international lending institutions is leveraging that economic influence closer to the political and diplomatic arenas, as U.S. allies defy America to back China’s initiative.
“This is the beginning of a bigger role for China in global affairs,” said Jim O’Neill, U.K.-based former chief economist at Goldman Sachs Group Inc., who coined the term BRICs in 2001 to highlight the rising economic power of Brazil, Russia, India and China.
Sumber: Blommberg
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Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 9:40 AM
Dollar Holds Climb With Gold on CPI; Japan Futures Drop
The MSCI Asia Pacific Index added 0.2 percent by 9:56 a.m. in Tokyo, rising for the sixth time in seven days as Japan’s Topix index also climbed 0.2 percent. Standard & Poor’s 500 Index futures were little changed after a second day of declines in the U.S. gauge. The Bloomberg Dollar Spot Index was up 0.1 percent as the greenback held its rebound against the euro and gained 0.2 percent versus New Zealand’s currency. Gold held its five-day rally and Australian debt climbed. U.S. oil was at $47.56 a barrel before an update on U.S. crude supplies.
The cost of living in the U.S. climbed 0.2 percent in February from the previous month as fuel costs stabilized. The data came almost a week after the Federal Reserve said it’s looking for inflation to accelerate as officials weigh the timing of their first interest-rate increase since 2006. Australia’s central bank issues its financial stability report Wednesday, and Germany’s Ifo Institute business climate index is due. Data on durable goods orders is scheduled in the U.S.
“Traders love a good pullback and as soon as the dollar looks like it’s setting up to resume its bullish trend currency traders will flood the market with trades,” Scott Schuberg, chief executive officer of Rivkin Securities Ltd. in Sydney, said in an e-mail. “We could see continued volatility in foreign-exchange markets.”
The dollar index, which tracks the greenback against 10 major peers, rose for a second day after sliding 2.2 percent last week as the Fed indicated it will raise rates at a slower pace than previously estimated.
Sumber: Bloomberg
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Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 9:35 AM
Asia stocks firm amid conflicting signals, dollar holds gains
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS stood little changed after a small bounce the previous day. South Korean and Australian shares were effectively flat while Japan's Nikkei .N225 inched up 0.2 percent.
The Dow .DJI and S&P .SPX both shed 0.6 percent overnight as U.S. equities maintained a loose inverse correlation with the dollar. The strength of the greenback, which earlier in the month soared to multi-year highs against its peers, has become a concern due to its potential negative impact on U.S. corporate earnings.
European stocks, on the other hand, held near record highs the previous day on stronger-than-expected euro zone manufacturing data. The European Central Bank's extensive quantitative easing policy has been a boon to European shares.
The euro was little changed at $1.0912 EUR= after slipping from an overnight peak of $1.1029 briefly reached on the upbeat euro zone data. The common currency has steadily recovered from a 12-year low of $1.0457 hit last week after a dovish-sounding Federal Reserve dimmed prospects for an earlier interest rate hike and blunted the dollar's advance.
The dollar was steady at 119.75 yen JPY= following an overnight bounce from a low of 119.22. A decline in U.S. Treasury yields limited the dollar's gains.
The U.S. currency was still some distance from an eight-year peak of 122.04 scaled two weeks ago when expectations for an earlier Fed rate hike were stronger.
The yield on benchmark 10-year Treasury notes US10YT=RR slipped to a six-week low overnight thanks to a weaker Wall Street, with the debt market brushing aside a 0.2 percent rise in U.S. February consumer price index. ECONUS
The drop by the 10-year Treasury yield is an indication "that while equities are pricing in Fed tightening, bond traders are not concerned about rising rates," Kathy Lien, managing director for FX strategy at BK Asset Management wrote in a note to clients.
In commodities, Brent crude oil was firm after falling the previous day on the dollar's strength and persisting fears of global oversupply. [O/R]
Brent crude LCOc1 stood little changed at $55.12 a barrel.
Sumber: Reuters
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PT.Kontak Perkasa Futures, Updated at: 9:33 AM
China’s Stock-Index Futures Drop After Longest Rally 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
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
Written By Kontak Perkasa Futures on Tuesday, March 24, 2015 | 8:48 AM
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
