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)

UPN “Veteran” Yogyakarta Jalin kerjasama dengan PT Jalatama Artha Berjangka

Untuk menambah wawasan mahasiswa tentang perdagangan berjangka  telah digelarkuliah umum dan sekaligus penandatanganan MoU antara Fakultas Ekonomi UPN “Veteran” Yogyakarta dengan Bursa berjangka Jakarta dan PT Jalatama Artha berjangka, di Ruang seminar  Prodi Akutansi  hari Kamis 10 Oktober 2013. Ketiganya sepakat melakukan sosialisasi perdaganga berjangka komoditas.
Dekan Fakultas Ekonomi Drs. Sujatmika, M.Si mengatakan bahwa UPN “veteran” Yogyakarta menjadi Universitas ke tiga di Yogyakarta yang memiliki bursa perdagangan berjangka dan ke dua belas di Indonesia. UPN sebelumnya telah memiliki pojok bursa efek yang digunakan sebagai pembelajaran mahasiswa, tetapi belum punya pojok bursa berjangka.” Tujuannya agar mahasiswa tidak sekadar tahu dan mengenal teori, tetapi benar-benar mengetahui tentang bursa berjangka ini”, ungkap Sujatmika Perdagangan berjangka adalah segala sesuatu yang berkaitan dengan jual beli komoditi dengan penarikan margin dan dengan penyelesaian kemudian berdasarka kontrak berjangka, kontrak derivative Syariah dan kontrak derivative lainnya.
Komoditi adalah semua barang, jasa, hak dan kepentingan lainnya. Dan setiap derivative dari komoditi yang dapat diperdagangkan dan menjadi subyek kontrak berjangka, kontrak derivative . Komoditi yang ditransaksikan mencakup: komoditi pertanian, perkebunan, pertambangan, perikanan, emas, indeks saham, forex dan obyek lainnya yang bisa diperdagangkan baik yang berwujud maupun yang tidak berwujud. Semua transaksi dapat dikelola sendiri  oleh nasabah melalui system yang disediakan  pialang berjangka.
Sumber : http://wwwtemp2.upnyk.ac.id/index.php?data=detail_berita.php&id=108

  
Penandatanganan Memorandum of Understanding (MoU) dilakukan di Ruang Seminar FE UPN 'Veteran'  Yogyakarta, Kamis (10/10/2013)