U.S. Stocks Rise as Technology Shares Rally Amid Data

U.S. stocks rose, extending a third monthly gain for the Standard & Poor’s 500 Index, as Hewlett-Packard (HPQ) Co. led a technology rally while data on employment and consumer confidence boosted optimism in the economy.

Hewlett-Packard jumped 9.1 percent after the maker of personal computers posted revenue and profit that topped analysts’ estimates. Marathon Petroleum Corp. and Valero Energy Corp. rose at least 3.4 percent, leading a rally among refiners. Schlumberger Ltd. and Noble Energy Inc. fell at least 1.7 percent as crude slid to the lowest level in almost six months.

The S&P 500 rose 0.3 percent to a record 1,807.23 at 4 p.m. in New York. The Dow Jones Industrial Average added 24.53 points, or 0.2 percent, to 16,097.33, an all-time high. About 4.8 billion shares changed hands on U.S. exchanges, the slowest trading since Aug. 26. U.S. equity markets will be closed tomorrow for the Thanksgiving holiday.

Today’s data “is in some sense a re-affirmation that things are going along pretty decently,” Bill Schultz, chief investment officer who oversees about $1.1 billion at McQueen Ball & Associates in Bethlehem, Pennsylvania, said by phone. “Are we going to get higher rates again? Is tapering still out there? The market is playing with what’s going to come next and how we position going forward given a number of uncertainty still sitting out there.”

The S&P 500 has climbed 2.9 percent in November as data on housing and retail sales exceeded economists’ forecasts, stoking optimism that the world’s largest economy will sustain growth when the Federal Reserve starts reducing its monetary stimulus.

(Source: Bloomberg)

Majalah Investor Awards

Selasa, 26 November 2013 | 22:21

Sebanyak 10 pialang berjangka komoditas yang menjadi anggota Jakarta Future Exchange (JFX) dan Bursa Komoditi dan Derivatif Indonesia (BKDI) meraih penghargaan dari Majalah Investor dengan predikat Pialang Berjangka Terbaik dan Teraktif, di Jakarta (26/11). FOTO: BeritaSatu Photo/ID-DAVID GITA ROZA

 Direktur JFX M Bihar Sakti (tengah) bersama Pemimpin Redaksi Majalah Investor Primus Dorimulu (kiri), serta pemenang Majalah Investor Awards "Pialang Berjangka 2013", kategori Pialang Teraktif untuk Kontrak Berjangka Olein dan Emas: Direktur Utama PT Monex Investindo Futures Samuel Semarun (dua dari kiri), Direktur PT Kontakperkasa Futures M Rifai (dua dari kanan) serta Direktur Utama PT Jalatama Artha 

 Pemimpin Redaksi Majalah Investor Primus Dorimulu memberikan sambutan saat acara Majalah Investor Awards "Pialang Berjangka 2013", di Jakarta, Selasa (26/11). 

Depan: Kepala Bappebti Sutriono Edi (tengah), Kepala Biro Perniagaan Bappebti Sri Nastiti Budiarti (tiga dari kanan), Direktur JFX M Bihar Sakti (tiga dari kiri), Direktur Utama PT Kliring Berjangka Indonesia (Persero) Tris Sudarto (dua dari kiri), Direktur Utama PT Indonesia Commodity & Derivative Exchange (ICDX) Megain Widjaja (dua dari kanan), CEO Beritasatu Media Holding Sachin Gopalan (kiri) dan Pemimpin Redaksi Majalah 

 
Kepala Bappebti Sutriono Edi memberikan sambutan saat acara Majalah Investor Awards "Pialang Berjangka 2013", di Jakarta, Selasa (26/11).

Sumber : http://www.beritasatu.com/galeri-foto/1561-majalah-investor-awards.html

Most Hong Kong Stocks Decline on U.S. Sentiment, Energy

Most Hong Kong stocks fell, heading for a one-week low, after U.S. consumer confidence unexpectedly dropped and energy producers slid as oil fell for a fourth day.

The Hang Seng Index (HSI) slid 0.1 percent to 23,656.55 as of 9:33 a.m. in Hong Kong, with two shares falling for each that rose on the 50-member gauge. The Hang Seng China Enterprises Index (HSCEI), also known as the H-share index, lost 0.3 percent to 11,265.89.

The Hang Seng Index advanced 20 from this year’s low on June 24 through yesterday on signs of economic recovery in China. Shares on the gauge traded at 1.35 times estimated earnings yesterday, compared with 16.28 on the Standard & Poor’s 500 Index. The H-share index, which climbed 27 percent from this year’s low on June 25 through yesterday, was valued at 8.3 times estimates earnings.

Futures on the U.S. equity gauge were little changed today. The gauge rose less than 1 point yesterday after rising as much as 0.3 percent. The Conference Board’s consumer confidence index fell to 70.4 in November from a revised 72.4 in October, which was stronger than initially estimated. The median forecast in a Bloomberg survey of 78 economists called for a reading of 72.6.

West Texas Intermediate oil futures fell as much as 0.2 percent, heading for fourth day of decline, after an industry report showed supplies rose for a ninth week in the U.S. Crude has slumped after Iran agreed to limit its nuclear program in exchange for relief from sanctions, including on oil exports.

(Source: Bloomberg)

Strong Euro to Cut Region’s 2014 Growth, Nomura’s Nordvig Says

 The euro, the second best-performing major currency this year, has increased so much that it will weigh on economic growth in the euro region going into 2014, according to Nomura Holdings Inc.’s Jens Nordvig.

The strength of the 17-nation shared currency, which has increased 2.4 percent versus the dollar year-to-date, the most after Denmark’s krone, will trim euro area growth by 0.5 percent in 2014, said Nordvig. The shared currency was the fifth-worst performer among the greenback’s 16 most-traded counterparts in 2012.

“If you look at how much the euro has moved, and the impact that’s going to have on exports, it’s starting to be a real issue,” Nordvig, the New York-based managing director of currency research at Nomura, said in an interview on Bloomberg Radio’s “Surveillance” with Tom Keene and Michael McKee. “Last year, it was a dilemma about coming up with policies that really stated very clearly the euro is here to stay. It’s an ironic situation.”

The euro depreciated 0.4 percent to $1.3508 at 12:19 p.m. in New York after earlier falling as much as 0.5 percent. The shared currency rose to $1.3832 on Oct. 25, its highest level since November 2011.

Europe’s currency climbed to a four-year high against the yen on Nov. 19 after a European Central Bank board member said policy makers must be “very careful” about using negative interest rates to counter low inflation.

The ECB is the only major central bank that hasn’t entertained the idea of quantitative easing, which means it has to consider different ways to come across as dovish in order to stem the rise in the euro, according to Nordvig.

“It’s absolutely crucial that the ECB signals more clearly that they have more tools and are willing to use them as needed,” Nordvig said. “We should see urgency, and I think hopefully the ECB will start to get more aggressive.”

The 17-nation euro has gained 6.8 percent this year, making it the best performer out of 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The dollar gained 4 percent and the yen slipped the most, 13 percent.

(Source: Bloomberg)                             

Wamendag Optimis Pasar akan Tumbuh di 2014

Fotografer: Rachman Haryanto

 

Jakarta Future Exchange (JFX) menggelar acara Market Review dan Outlook 2014 untuk mengevaluasi kinerja bursa komoditas sepanjang tahun 2013. Acara tersebut dihadiri oleh Wakil Menteri Perdagangan Bayu Krisnamurthi. Ia pun yakin dan optimis bahwa perkembangan pasar di tahun 2014 akan terus tumbuh. 

Acara tersebut juga dihadiri oleh Kepala Badan Pengawas Perdagangan Berjangka Komoditi Sutrisno Edi, Direktur Utama JFX Sherman R Krishna, dan Komisaris Utama Jalatama Artha Berjangka Hansen Wibowo.

 

Sumber : http://finance.detik.com/readfoto/2013/11/20/193555/2418959/461/2/wamendag-optimis-pasar-akan-tumbuh-di-2014

Dow Closes Above 16,000 on Jobless Claims, Buybacks

U.S. stocks rose, sending the Dow Jones Industrial Average to its first close above 16,000, as data showed improvement in the job market and companies including Union Pacific Corp., Johnson Controls Inc. and Ace Ltd. said they would repurchase shares.

Union Pacific, Johnson Controls and Ace advanced at least 1.4 percent. Micron Technology Inc. rallied 6.3 percent, the most since August, as David Einhorn, president of Greenlight Capital Inc., recommended the shares. General Motors Co. (GM) gained 1.1 percent after the U.S. Treasury Department said it plans to sell its remaining stake in the company. Target Corp. (TGT) lost 3.5 percent after reporting profit that trailed analysts’ estimates on a loss in its Canadian unit.

The Standard & Poor’s 500 Index increased 0.8 percent to 1,795.85 at 4 p.m. in New York, erasing most of the decline from the past three days. The Dow average rose 109.17 points, or 0.7 percent, to a record 16,009.60.

Investors are pouring more money into stock mutual funds in the U.S. than they have in 13 years, attracted by a market near record highs and stung by bond losses that would deepen if interest rates keep rising. Stock funds won $172 billion in the year’s first 10 months, the largest amount since they got $272 billion in all of 2000, according to Morningstar Inc. estimates.

(Source: Bloomberg)

Stocks Drop With Treasuries, Gold as Fed Discusses Taper

The Standard & Poor’s 500 Index capped its first three-day slump since September and Treasuries slid as the Federal Reserve indicated it may reduce monetary stimulus in coming months as the U.S. economy improves. Gold and silver extended losses while the dollar strengthened.

The S&P 500 fell 0.4 percent to 1,781.37 by 4:32 p.m. in New York after earlier climbing as much as 0.4 percent. Ten-year Treasury note yields increased nine basis points to 2.80 percent. Silver and gold dropped more than 2 percent and oil erased earlier gains. The Bloomberg U.S. Dollar Index, a gauge of the currency against 10 major peers, rose 0.4 percent. The euro slid against most peers with the European Central Bank said to weigh a negative deposit rate to ward off deflation.

Fed policy makers expected economic data to signal ongoing improvement in the labor market and “thus warrant trimming the pace of purchases in coming months,” according to minutes of the Federal Open Market Committee’s Oct. 29-30 meeting released today. Stocks pared gains earlier as Fed Bank of St. Louis President James Bullard said a reduction in bond purchases is “on the table” for the next policy meeting in December.

As of yesterday, four of five investors expected the Fed to delay a decision on the first cuts to bond buying until March 2014 or later, with 5 percent looking for a move next month, according to the latest Bloomberg Global Poll. Only one in 20 said the central bank will begin to reduce its purchases at its Dec. 17-18 meeting, according to the poll yesterday of investors, traders and analysts who are Bloomberg subscribers.

(Source: Bloomberg)