Chat Here

Add My Banner!!


- Friends Link -

Promote Your Blog

Wednesday, January 28, 2009

World News TRY TO BULL??

(Bloomberg) U.S. stock-index will rose, extending a global rally, on speculation President Barack Obama will set up a so-called bad bank to absorb financial firms’ toxic assets and spur lending. The bad-bank initiative may allow the government to rewrite some of the mortgages that underpin banks’ toxic debt, in the hope of stemming a crisis that has stripped more than 1.3 million Americans of their homes.

The U.S. Federal Reserve will refrain from raising interest rates from record lows when it finishes a meeting today, futures contracts on the Chicago Board of Trade indicate.

Fed Chairman Ben S. Bernanke trimmed the target for overnight lending between banks to a range of zero to 0.25 percent at the previous policy meeting on Dec. 16 to help unclog credit markets.

INDONESIA-Different with Indonesia exchanges, the optimism seen in the regional exchanges closed in positive territory with a sharp increase. Straits Time +4.8%, Kospi +5.9%, Nikkei +0.56% after the U.S. Senate agreed to give economic rescue package of U.S. $ 887 billion.

Lack of Positive sentiment in Indonesia is a cause of decline in the index today. Indonesia DEBT interest rate increase in 2009, as Rp 8.1 billion because depreciation due to the fear, encourage investors profit taking action so that the only action is saving portfolio investors in global economic conditions that are not stabilized.

Investors worry again about failed to pay epidemic potential derivative products, it will be crawling on the national banking system.

Tele communication Indonesia (TLKM) minus -2.3% to Rp 6,350 because the company estimated profits down despite increase in revenue growth record is thin.
United Tractor (UNTR) down 2.9% to Rp5.000, child sponsorship business UNTR, Pamapersada get a Coal contract extension from Kideco can not afford lift shares in the business of moving this heavy equipment.
Gas Negara (PGAS) immediately closed down 2.4% at Rp2.025, after PGAS potential losses due to record foreign exchange transactions.