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Monday, December 29, 2008

Crude Oil Rise again!!!

World - Crude oil rose into 42$ for a second day after Israel strikes Gaza. It supply from the Middle East, the world’s largest producing region, may be disrupted. HOPE this will Over!!

Gold may also benefit if any escalation of the tension in the Middle East drives investors toward a “safe haven,” said Tobi Hassal , a research analyst at Commodity Warrants Australia Pty in Sydney. Bullion for immediate delivery rose 1.7 percent to $884.42 an ounce, having gained as much as 3.1 percent on Dec. 26.

US - By Bob Willis
Dec. 28 (Bloomberg) -- Manufacturing in the U.S. probably shrank at the fastest pace since 1980 as the deepening global recession forced customers in North America, Europe and Asia to cut back, economists said before reports this week.

The Institute for Supply Management’s December factory index dropped to 35.4, the lowest reading in almost three decades, according to the median estimate of economists surveyed by Bloomberg News. A separate report may show the record drop in home prices accelerated in October.

Consumer Confidence meanwhile, may have edged up for a second month in December thanks to plunging gasoline prices. The Conference Board’s gauge, due Dec. 30, rose to 45.5 from 44.9 in November, according to the survey median. The gauge reached a record-low 38.8 in October.

Kuwait cancel Investment into chemical sector, because of that Rohm & Haas Co can not finished it’s merger, Rohm & Haas fell $10.22, or 16 percent, to $53.34. Michigan-based Dow, the biggest U.S. chemical company, or 21 percent, to $15.32, the worst drop since 1980.

Indonesia - In January 2009 Government ready to cut interest rate 50 points to be 8,75 percent! Inflation can be press again. And fuel oil will be down again if oil price still below 40$!!

It is the government's plan for a increase real sector to move the economy. If interest rates are low, the real sector will be easier to rise, especially in the request for additional funds from the bank loan. It can be GOOD for Bank, Automotives, and Real Estate sector!!

What best BUY for now??? Nothing because the Volume is very very low!! Just enjoy your Holiday!! Stock rise because of WAR, is not good timing to buy!!