News from Bloomberg. Because of Stimulus Economy $825 Billion Wall Street Rebound two days! US Senate announced about stimulus package about $825 Billion. Technology sector jumped, and Financial sector slumped.
Financial, Bank of America is finally getting aid from the government's TARP program worth $ 20 billion. However, this is still leaving a concern because it seems problematic assets in the Merrill Lynch more than previously estimated. Negative sentiment also came from the records Citigroup quarterly loss of $ 8.29 billion and will divide the operations into two units.
Technology, The market exchange gain energy from the technology sector, Intel precisely the Income record same with expectation. Expectation against Intel is far lower than before, but this still response positive by the market. Intel shares jumped 3:38% to $ 0.45 level. Stocks such as Microsoft and United Technologies also up strongly. Unexpected, Consumer sentiment is released at Saturday and up to the level 61. also help lift The Stock Market.
Dow still in Good Position until encouraged Barack Obama's inauguration as
News from Reuters. Analysts in The world predict the world oil price range crude oil in 2009 will be in the range of U.S. $ 20 per barrel to U.S. $ 70 per barrel. It will give a chance to decrease the price of fuel in
BUMI recently signed the agreement 80% share acquisition of Zurich Asset Investments worth Rp 2.412 trillion in December 2008. Then on January 5 2009, BUMI take over 76.8% shares of PT Fajar Bumi Sakti (FBS) worth Rp 2,475 trillion. Finally, on 7 January 2009 BUMI take over 84% shares of PT Pendopo Energy Coal (Feb) worth Rp 1,304 trillion. Bursa Efek Indonesia (BEI) asked that acquisition, something wrong with that!! With WHAT BUMI pays his DEBT!!, So if you bought BUMI stocks at Friday, I suggest you to sell it tomorrow!! Choose a SAVE ONE!!
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