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9/11/12

MAKE MONEY BLOG $ - Nikkei Index in Japan's stock market fell in early dealings Tuesday, September 11, 2012. Investors tend to be cautious ahead of the German Constitutional Court decision related to the legality of the European bailout fund on Wednesday, tomorrow.


In addition, investors are still awaiting the results of the meeting U.S. central bank (Federal Reserve) this week. At the beginning of the transaction, the Nikkei index fell 0.8 percent to 8800.35.
However, as quoted by Reuters, the level is holding above support the position of the five-day average in the range of 8.780.35.
Meanwhile, stocks on Wall Street also fell on Monday at New York, or Tuesday morning GMT. Investors decided to lock in profits after a rally the last few days, in anticipation of possible policy taken by the Federal Reserve this weekend.
The benchmark S & P 500 had closed at its highest level last week, finally motivate some investors to realize profits ahead of the Federal Reserve's decision on Thursday. Meanwhile, shares of Intel join weighed weakening Nasdaq.
"Near-term risks seem to be on the downside," said Jim Awad, managing director of Zephyr Management in New York.
Shares of Intel Corp. fell nearly 4 percent after analysts cut its share price of the chip. Shares of Apple Inc, the world's largest public company by market capitalization, also fell more than 2 percent. Decline in stock prices was experienced mostly technology stocks.
Investors start looking at some of the events this week, including the decision of the German Constitutional Court on Wednesday related to the legality of the euro zone's financial rescue fund and the Fed's decision on Thursday.
Hope for the emergence of further stimulus from the central bank the United States and Europe have supported the market in recent weeks.
The Fed is likely to start a third round of bond purchases this week. Economists statement regarding reports that employment growth weakened in August, is likely to convince the U.S. central bank to issue a looser monetary policy.
At the end of trading on U.S. exchanges, the Dow Jones Industrial Average closed down 52.35 points, or 0.39 percent to 13254.29. Standard & Poor's 500 index also ended down 8.84 points or 0.61 percent to 1429.08. The Nasdaq Composite Index dropped 32.40 points, or 1.03 percent, to 3104.02.
SOURCE: VIVA.co.id

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