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By Jim Wyckoff of Kitco News
MAKE MONEY BLOG$~Comex gold futures prices are trading slightly lower Monday morning. Investor risk appetite has shrunk just a bit to start the new trading week and the last trading day of the month
4/30/12
RIM and Samsung Acquisition TELE, Target Price Rp. 600?
Rumors among analysts that the stock PT Tiphone MobileIndonesia Tbk (TELE) is in the process will be acquired by telecomcompanies of the world.
Word got out that Research In Motion (RIM) and Samsung Mobileare fighting a bid to acquire the shares TELE.
By acquiring TELE, then RIM and Samsung hope to expand theirmobile phone market in Indonesia. Stock price reportedly offered byboth companies ranges from Rp. 600 per share.
A number of brokers and fund managers also have plans to collectbecause of the financial statements TELE stock rises aboveexpectations and the company's proposed acquisition of sharesTELE telecommunications world.
Disclaimer: Editors detikFinance not responsible for the content of the rumor of this stock. All investment decisions remain in the handsof investors.
(Dru / Dru)
source: detik.com
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4/27/12
Bank Mandiri, Opens Shanghai Branch?
MAKE MONEY BLOG$, Shanghai: After waiting for about four years, PTBank Mandiri Tbk finally realize the opening of branch offices inShanghai, China.
4/26/12
Increase in Stocks Driven Up JCI Enterprises ?
MAKE MONEY BLOG$, Jakarta: Composite Stock Price Index (CSPI) at the close of stock trading session of Thursday (26/4) recorded rose0.68% to as low as 4192.044. While leading shares index LQ 45 atnoon was recorded rose 0.94% to as low as 714.677.
Bernanke: Sacrificing Price Stability For A Few Jobs Would Be 'Reckless'!
MAKE MONEY BLOG$~In his post-FOMC press conference, Fed Chairman Ben Bernankeengaged in some fence-sitting, maintaining that QE3 “remain[s] very much on the table,”
4/23/12
Lujiazui Breakfast: News And Views About China Stocks -- April 18
MAKE MONEY BLOG$~Investors in China’s main financial district are talking about the following before the start of trade today:
Analyst: One week, CSPI overshadowed uncertainty?
MAKE MONEY BLOG$~JAKARTA. During the last week, the Composite Stock Price Index(CSPI) is still stalled in positive territory and thin tend to movesideways, indicating investors are likely to hold take action.
4/22/12
Pertamina Bond Issue $ 18 Billion?
MAKE MONEYBLOG$~Jakarta - The Ministry of State Owned Enterprises (SOEs) had received information regarding plans of PT Pertamina (Persero)issuing bonds denominated in U.S. dollars. Total global bonds evenmore than U.S. $ 2 billion.
Lujiazui Breakfast: News And Views About China Stocks -- April 17?
MAKE MONEY BLOG$~Investors in China’s main financial district are talking about the following before the start of trade today:
4/20/12
Wall Street Rain on Weekends?
Revelation Daniel - detikFinance
MAKE MONEY BLOG$~Jakarta - the stock indexes on Wall Street U.S. closed last weekendin the green belt. Encouraged by the positive sentiment the U.S.economy, as well as solid business confidence in Germany.
4/19/12
Ready to Replace Gold Diamond Investments?
MAKE MONEY BLOG$ ~Jakarta - Diamonds has been regarded as a symbol of wealth since hundreds of years ago. But if diamonds could replace gold as an investment product promise?
4/18/12
Bernanke And The Lender-Of-Last-Resort At 100?
MAKE MONEY BLOG~In case you didn’t realize it, we are bearing down on 2013– the 100th anniversary of the Federal Reserve Bank. Whether Bernanke will continue to be at the Fed’s helm– a matter subject to the winner of the White House sweepstakes, as well as his own designs– will impact financial markets.
4/16/12
New Index Stock IDX-30 Present 23 April?
MAKE MONEY BLOG$~Jakarta - Indonesia Stock Exchange (BEI) is ready to launch a new index. Comprising 30 leading shares, IDX-30 will glide 23 Aprilnext.
4/15/12
The Buyout Brain Behind Annie's IPO ?
MAKE MONEY BLOG$ ~Food trade shows aren't a typical stomping ground for private-equity executives. But for Molly Ashby, founder and chief executive of Solera Capital LLC, pushing macaroni and cheese made by Annie's Inc. BNNY +5.59% is part of the job.Ms. Ashby's private-equity firm, which took control of Annie's in 2002
Accumulation Shares TIRT Eton, Target USD 200?
MAKE MONEY BLOG$ ~ One of the major shareholders of PT Tirta Mahakam Resources Tbk(TIRT), a company engaged in the processing of wood, so-calledmiddle to large-scale buying.
Why Palo Alto Networks Beats Facebook in the IPO Sweepstakes?
MAKE MONEY BLOG$ ~Although they don’t like to talk about it, organizations are vulnerable to hackers looking to steal data or simply to embarrass their targets by scrawling grafitti on their web sites. For decades, companies have installed so-called firewalls to keep this from happening.
Lujiazui Breakfast: News And Views About China Stocks -- April 12 !
MAKE MONEY BLOG$ ~ Investors in China’s main financial district are talking about the following before the start of trade today:
Bernanke On Why Subprime Turned Out Worse Than The Dot-Com Bubble
MAKE MONEY BLOG$ ~ Federal Reserve Chairman Ben Bernanke addressed a crowd of economists, finance professionals and media at New York‘s Princeton Club Friday afternoon, reflecting once again on the causes of, and response to, the 2008 financial crisis.
4/8/12
Taiwan's Koo-Backed KGI Securities Climbs 6.6% On Merger Offer?
MAKE MOMEY BLOG~Shares in big Taiwan brokerage KGI Securities, controlled by the island’s billionaire Koo family, closed up by their 6.6% daily limit on Friday after China Development Financial Holding offered to buy it in a cash and stock deal worth as much as $1.9 billion.
Outlook Is Mixed For Gold Market Next Week -- Survey Participants ?
MAKE MONEY BLOG ~There’s no clear majority among survey participants in the weekly Kitco News Gold Survey for the price direction for the yellow metal next week as views are largely split.
Weak Jobs Report Puts QE3-Pressure Back On Bernanke?
MAKE MOMEY BLOG~Friday’s jobs report definitely put a cap on market enthusiasm, suggesting the recovery remains tepid. Non-farm payrolls (NFP) added 120,000 jobs in March, well below the 200,000+ recorded over the last three months, indicating seasonal improvements (including warmer weather) , rather than a new phase of stronger job growth, underpins recent labor market strength.
While U.S. equity markets were closed for Good Friday, futures tanked; Dow futures indicate a 142 point decline which would send the index back to 13,000 points. Underlying softness will definitely lead to renewed discussion about monetary accommodation and the possibility of Fed Chairman Ben Bernanke unleashing a third round of quantitative easing, or QE3.
In what Nomura’s analysts called a “very disappointing report,” the Bureau of Labor Statistics announced meager job creation in March after what had been above-trend reports over the last couple of months. Market expectations were high, with consensus calls for a 205,000 rise to NFPs, but the economy disappointed.
Adding only 120,000 jobs in March means the unemployment rate ticked down to 8.2%, but all of that was due to a decline in the labor force participation rate, which remains stuck near record lows at 63.6%. The total number of unemployed totals 12.7 million, while those without a job for 27 weeks or more (“long-term unemployment”) make up 42.5% of the labor force. As Bernanke has repeatedly said, long-bouts of joblessness leads to structural unemployment as skills erode and potential workers fall further out of workforce.
Another troubling sign is the high number of workers that are “marginally attached to the labor force,” or those that haven’t looked for a job in the last 4 weeks but are willing and able to work. That number stays at a very elevated 2.4 million.
March NFPs missed expectations by a wide mark, suggesting market players and economists were over-optimistic about the economic environment. On the one hand, Nomura’s analysts suggest that “some payback from three strong months fueled by good weather might have had a significant negative impact.” But the 120,000 jobs added in March were still way off.
Construction jobs, for example, fell 7,000 over March. The ailing construction sector, which is very sensitive to the weather, is a further indication of the depressed state of housing markets. With home-prices continuing to fall down the rabbit hole (Case-Shiller home price indices continue to hit new lows), one can’t expect the housing market to stop pulling the economy down any time soon (despite the impressive stock price performance of Lennar and KB Home decent move in 2012).
Retail weakness is also troubling, where the economy shed 34,000 jobs in March after a 29,000 loss in February. Retail sales were actually up over the last couple of months, with firms like Target and Gaplooking solid, as Forbes’ Steve Schaefer pointed out.
Equity markets have rallied strongly this year as economic data began to look more promising. Much of the optimism that has been priced in appears to be misplaced, as Jim Baird of Plante Moran Financial Advisors explains:
[Friday's] result is also an indication that the recent uptick in the pace of job creation may have been illusory. While the markets were encouraged by the recently stronger pace of job growth, the actual rate of job creation may not have quickened to the degree that the data suggests.Healthy skepticism persists about the calculation of seasonal adjustments, which is intended to help paint a more accurate picture of the real trend. In recent months, concerns had been raised that seasonal adjustments had been overstating reported job creation. Today’s report suggests those concerns may have been legitimate.
Risk assets tanked over the last couple of weeks on the assumption that Bernanke and the Fed wouldn’t continue to add monetary stimulus, with gold among the biggest losers. The latest FOMC statement, coupled with the minutes from that meeting, were interpreted as an acknowledgement of the improved economic situation, which in turn took QE3 off the table for now.
Friday’s weak report forces the discussion to gravitate back to a more QE3-prone environment. While the weak number alone isn’t enough to force the Fed into action in the upcoming April 24-25 FOMC meeting, as Barclays’ analysts argue, “the soft employment numbers certainly leave the door open for further accommodation and may shift the decision point to the June FOMC as the Fed continues to monitor the incoming data.”
source: forbes.com
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Wall Street Varies, But Steady Job Numbers?
NEW YORK, Make Money Blog - Stocks on Wall Street ended mixed on Thursday (05/04/2012) New York time (Friday morning local time), while weekly jobless claims in the United States fell to its lowest level in four years.
The Dow Jones Industrial Average shed 14.61 points (0.11 percent) to 13060.14.
Technology-heavy Nasdaq composite index rose 12.41 points (0.40percent) to 3080.50, and the broader market index S & P 500 rose0.88 points (0.06 percent) to 1398.08.
U.S. Labor Department reported initial jobless claims 357 000 filedin the week ended March 31, the lowest level since April 2008.
"The pressure comes as the recession and fiscal concerns continue to fester in the euro zone," said analysts at Charles Schwab.
Goldman Sachs shares fell nearly two percent. Morgan Stanley, General Electric, General Motors, also declined.
The Home Depot, McDonalds, and Wal-Mart are among the stocks that go up.
Bond prices rose as yields fell. The yield on 10-year U.S. bonds fell0.07 points to 2.18 percent. The yield on the 30-year bond fell 0.06points to 3.32 percent.
source: kompas.com
