Jakarta - Jakarta Composite Index closed -1.95%. Due to fear of the continuing crisis in Europe that makes global investors hunt for a less risky assets such as U.S. dollars, as well as the discourse relaxation of monetary policy by the Bank if inflation and slowing economic growth, making rupiah slumped in trading yesterday. Rupiah closed at 8715 levels per usd, after previous BI to intervene to restrain further decline in the rupiah. Negative sentiment was also encouraged attenuation at JCI contributed by all sectors especially the various sectors of industry and finance. Meanwhile, the ADB cut its economic growth of Asia, excluding Japan, in 2011 to 7.5% from the previous projection of 7.8%. Besides ADB also raised its forecast for inflation in the region to 5.8% from 5.3% previously. Asian stock indexes closed varied.
Wall Street Back Stronger. Indexes on Wall Street closed higher again, triggered by news that the leaders of Germany and France still remains to support and help Greece and reiterated Greece will still be in the euro zone. Germany and France called for the Greek finance reform with strict and effective way to avoid the possibility of default. Meanwhile, Italian Prime preached also won a vote to run the austerity package in Italy. On speculation China will buy the bonds of European countries most severely affected by the debt crisis, also adds to positive sentiment. Earlier the Dow Jones hit by negative sentiment had weakened from Europe where Moody's cut its credit rating and deposit bank Societe Generale to Aa3 from Aa2 level with a negative outlook, and cut ratings of Bank Credit Agricole from C + to C. Moody's also reviews the debt ratings BNP Paribas. Meanwhile, dat a U.S. retail in August did not experience growth (0.0% vs cons act 0.2% vs 0.3% prev). On Friday will be held an informal meeting of EU finance ministers in Poland, which will also be attended by U.S. treasury secretary. On this morning, Asian stock indexes moved higher due to pressing the hope of improving the completion of the debt crisis in Europe.
JCI Limited Gains Chance (Range: 3.750 to 3.820). JCI closed lower back continued weakening of the previous case, the index also looks at equidistant levels through the support channel and move towards the support level at 3.750 that if this level can be considered to pass the first exit from the market because of possible weakening of the index to continue to support the level of at the 3.650 retracement, but if the index is still able to stay above 3.750 technical rebound is possible can happen. Today it is estimated the index would tend to strengthen limited.
Wall Street Back Stronger. Indexes on Wall Street closed higher again, triggered by news that the leaders of Germany and France still remains to support and help Greece and reiterated Greece will still be in the euro zone. Germany and France called for the Greek finance reform with strict and effective way to avoid the possibility of default. Meanwhile, Italian Prime preached also won a vote to run the austerity package in Italy. On speculation China will buy the bonds of European countries most severely affected by the debt crisis, also adds to positive sentiment. Earlier the Dow Jones hit by negative sentiment had weakened from Europe where Moody's cut its credit rating and deposit bank Societe Generale to Aa3 from Aa2 level with a negative outlook, and cut ratings of Bank Credit Agricole from C + to C. Moody's also reviews the debt ratings BNP Paribas. Meanwhile, dat a U.S. retail in August did not experience growth (0.0% vs cons act 0.2% vs 0.3% prev). On Friday will be held an informal meeting of EU finance ministers in Poland, which will also be attended by U.S. treasury secretary. On this morning, Asian stock indexes moved higher due to pressing the hope of improving the completion of the debt crisis in Europe.
JCI Limited Gains Chance (Range: 3.750 to 3.820). JCI closed lower back continued weakening of the previous case, the index also looks at equidistant levels through the support channel and move towards the support level at 3.750 that if this level can be considered to pass the first exit from the market because of possible weakening of the index to continue to support the level of at the 3.650 retracement, but if the index is still able to stay above 3.750 technical rebound is possible can happen. Today it is estimated the index would tend to strengthen limited.
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