Reinforcement Wall Street Supports Increase in Index?

MAKE MONEY BLOG $, Jakarta - The U.S. dollar Wall Street overnight as investor optimism ahead of Germany's highest court and the U.S. Federal Reserve meeting (the Fed) can provide support for rising stock price index (CSPI) Indonesia Stock Exchange today.


German Constitutional Court will today decide whether to move the purchase of state bonds that will be the European Central Bank (ECB) violation of the constitution or not. The Fed today will begin a two day meeting to determine interest rate policy. The market is very hopeful that the U.S. central bank will follow rolling ECB stimulus to spur growth.
But some analysts doubt the Fed will soon take further policy easing (QE3), in addition to U.S. economic data is expected better, the land of Uncle Sam will also conduct elections. So the possibility of a new strategic policy will be implemented from next year.
Analyst of PT Panin Tbk Sekurtas., Purwoko Sartono said yesterday stock index closed down slightly after the negative sentiment regional exchanges. The weakening of the regional markets due to concerns about Greece's ability to meet the requirements to receive assistance.
"Indications are visible from the Greek government's inability to obtain the agreement of the coalition parties of the state budget cuts that are a requirement to receive further assistance," he said.
The market is currently awaiting the results of the Central Bank of the United States (U.S.) on Thursday. Investors still expect the potential for further stimulus as melembatnya economy in the U.S. and China. Purwoko index predicts today will be varied with a tendency to move higher to the lower limit and upper limit of 4130 in 4177.
Weakened enough, but eventually index closed down only a thin 5.304 points (0.13 percent) in 4155.356 During the trading yesterday.ource: tempo.co

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