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News and Reviews Economics Asia (Japan)

Japan's Domestic Auto Sales Fall 37.0% in March this year

Friday, April 1, 2011 12:14

Japan's domestic sales of new cars trucks and buses fell 37.0% from a year earlier in March, such as the devastating earthquake and tsunami on March 11, disrupted production in the country for all cars and cut off the supply of vehicles to dealers.

Car sales reached 279,389 in March, the seventh-straight monthly decline, Japan Automobile Dealers ***ociation said Friday.

A large earthquake and tsunami struck the car ***embly and parts manufacturing in northeastern Japan, causing a shortage of spare parts for domestic and some foreign automakers.

Japan's top three cars all reported sharply lower sales in the month. Toyota Motor Corp. (7203.TO) sales fell 45.9% in March from a year earlier, while Nissan Motor Co. 's (7201.TO) sales fell 37.7% and Honda Motor Co.' (7267.TO) sales fell 28.3%.

Auto sales, as measured by vehicle registration with the government, which is monitored by economists, because they are the consumer spending figures released the first of each month.

U.S. & British sentiment Gold overload

Friday, April 1, 2011

Gold target is still in the range of $ 1.500 per ounce in the coming months though gold is only up 1% in Q 1 2011. This is the lowest increase since the financial crisis began in 2008, according to Phillip Futures.

"The prospect of euro zone interest rate hikes and reduced expectations of quantitative easing by the U.S. burden in gold prices," according to brokers. However, gold is still used as a hedging instrument in the midst of market uncertainty. "The tightening of monetary, uncertainty in the Middle East and the problem of debt in the euro zone is unlikely to make gold as a commodity with the best performance," according to brokers.

Spot gold was at $ 1,430.60 per ounce, down $ 1.20 since the New York market close Thursday.

Crude Oil in Asia Rise to U.S. $ 107.08 / barrel

Crude oil prices rose in Asian markets traffic system is U.S. $ 107.08 per barrel in trading Friday (1 / 4). Market awaiting U.S. economic data about non-farm payroll report tonight.

Crude sweet crude traded online at the New York Mercantile Exchange rose 36 cents to U.S. $ 107.08 per barrel after earlier being at the level of U.S. $ 107.65 which occurred in September 2008. For Brent crude oil for May delivery rose 10 cents to U.S. $ 117.26 per barrel.

U.S. economic data record job growth began to improve in this March. Of the non-farm payroll survey rose 190,000 towards justice shows the labor market has improved in line with U.S. economic recovery.

On this day Asian stock markets rose as markets respond to news purchasing managers index rose in March. "Data on China are stronger than last week although slightly lower than expected yag," said Serene Lim, oil analyst from ANZ Bank in Singapore who quoted from finance.yahoo.com.

Markets expect that positive data from the U.S. today. For two days, financial markets have pushed crude oil prices. However, the current political crisis in the Middle East dominates world crude oil price movements.

News and Reviews European Economic Zone

Coming Strong Euro CPI Data

Thursday, March 31, 2011

The euro rose in Asian markets related to purchases made by investors due to short-term outlook for the euro zone CPI data in March which will be released at 16.00 predictable showed inflationary pressures continuing, according to ECB council member, Bini Smaghi on Wednesday.

A forex dealer at the Bank of Japan estimates that the number according to estimates. Growing speculation over monetary tightening ahead of ECB meeting next Thursday to push the euro to 1.4300 range next few sessions of the range of 1.4135, he added. But concerns about the widespread problems of debt can limit the strengthening euro, although Schaeuble German finance minister said Wednesday that the problem only affects little Portugal in Spain.

"Market participants tend to see comments that have past since they have to focus on this issue," said the dealer. Bad news from the euro zone can drag the euro to 1.4100 level, he added.

UK Economy News and Reviews

Sterling Strengthen Service Sector Growth

Wednesday, March 30, 2011

Sterling rose after data showed the strongest growth in the service sector in the last nine years and an increase in retail sales, this could be an argument for the Bank of England to Tighten monetary policy by damping inflationary pressures. The services sector index rose 1.3% in January, higher than the previous publication which fell 1.1%, according to data released by the Central Bureau of Statistics. ***ociation of British Industry (CBI) also reported retail sales index rising to 15, higher than the estimated 1 and a publication February 6.

"Data services sector and improved retail sales rises; this may be an indication of economic recovery in the first quarter and give more arguments for the Bank of England meeting in April," said Nick Stamenkovic, RIA Capital Markets strategic. "If England can Put the growth in the first quarter of 2011, the top br*** that called for the detention BoE interest rate can be a supporter of monetary tightening."

Despite the sterling strengthened in the London session, traders remained skeptical of the prospect of sterling in the near future. "Until sterling stable over the area of ​​$ 1.6070/80 then bearish still dominate," said Michael Hewson, CMC strategic market. "To be stable, it need Put sterling closing level in over $ 1.6020/30."

LME Metals Unstable

Thursday, March 31, 2011

So many different macroeconomic elements that can affect the price of LME include China's economic prospects, the potential for the reconstruction of Japan, the European sovereign debt problem and the strength of oil prices on the back of Middle East unrest makes it difficult for traders to take a view of the company.

In addition, if the U.S. data in March non-farm payrolls came Friday as a better than expected, which would prima facie positive for metals, the possibility to increase the dollars that would be negative.

Sucden Financial said, "an LME complex listless and without direction from most stultifying news and events market.

"Copper LME three-months at $ 9,427 per ton, up $ 47 with the 1757 lot, paring some losses on Wednesday. LME three-month aluminum at 2.626 USD / ton, down $ 3 to 120 lots.

CPO Up because to depletion of Substitution

Thursday, March 31, 2011

Malaysian palm oil contract rose nearly 2% yesterday related to lack of market estimates the area planted this year the commodity that may erode the competitiveness of soybean oil and encourage the demand for tropical oils.

U.S. soybean contract rose 2 times in a row yesterday as the commodity corn fell ahead of a U.S. government report that estimates will show that U.S. farmers will plant more corn and fewer soybeans this year.

Crude oil prices weakened in the short and thin trading, pressured by high inventories at Cushing Bandar delivery for U.S. crude oil even with the uncertainty of the situation of Libya and the Middle East that drives the price of crude oil, which still survive to rise more than 10% at the end of first quarter .

News and Reviews Economic Zone of Asia (China)

Chinese investment in Brazil exceed U.S. surge

Thursday, March 31, 2011

China rapidly expanded its presence in Brazil, surp***ing the United States as a giant investor and largest trading partner in South America, a report released Wednesday said.

Published ahead of a planned visit by the President of Brazil Dilma Rousseff to China next month, the report said Chinese companies have announced investments of nearly 30 billion U.S. dollars in Brazil, including 8.6 billion U.S. dollars which is currently in negotiations, AFP reported.

Energy and mining sectors account for 90 percent of that investment, the report by the Brazil-China Business Council said.

But Chinese investors have also made direct or indirect purchase of agriculture land in Brazil, especially for soybean production.

China was looking for "a base for the supply of natural resources," said the study.

Brazilian exports to China also increased rapidly, jumping from one billion dollars in 2000 to 30.7 billion U.S. dollars last year.

Export this - mainly soybeans, iron ore, oil and other commodities - to help Brazil's trade surplus estimated annual guarantee of five billion dollars with China.

Most Brazilian imports from China are manufactured products, which soared from 1.2 billion dollars in 2000 to 25.5 billion U.S. dollars in 2010.

This growth has been so explosive that China replaced the United States in 2009 as Brazil's largest trading partner. From 2009 to 2010, bilateral trade increased by 52 percent.

But "until 2009, Brazil has more investment in China more than China in Brazil," said Norton Rapesta, who heads the business promotion in the Ministry of Foreign Affairs of Brazil.

"Latin America is the last frontier that attracted great interest from China, and Brazil is a dynamic machine," said Edileuza Reis, deputy minister for Asian affairs at the Ministry of Foreign Affairs of Brazil.

Brazil hopes of economic expansion will also generate tangible benefits for Latin American nations.

When Rousseff visit to China on April 10 to 15, he will seek a greater presence of Brazilian companies in China, will ensure more Chinese investment in industrial development of Brazil and China to reduce purchases of raw materials, as well as diversification of export to China.

"We want to include products with higher added value in trade with China, but we also need to diversify our investments in China," said Reis.

European markets opened higher education; Hope In Recovery

Wednesday, March 30, 2011

European Stock Exchange pushed higher Wednesday, encouraged by the positive tone out of Asia as investors shifted their focus to the macro data that are generally healthy and away from the current geopolitical uncertainties.

At 0910 GMT, the European Stoxx 600 index rose 0.7% to 278.50. national index between, London's FTSE 100 index up 0.5% at 5960.32, Frankfurt's DAX index 1.3% higher at 7022.49, and the Paris CAC-40 index rose 0.8% at 4021.23.

Gains in Asia helped this tone, with the key Tokyo market rose by a weaker yen and news that many companies are restarting production after the devastating earthquake this month.

Japanese industrial production also rose for the fourth consecutive month in February, data showed on Wednesday, in another sign the economy has recovered to the state before a devastating earthquake and tsunami.

Factory output rose 0.4 percent seasonally adjusted in February from the previous month.

The Nikkei Stock Average closed up 2.6%, the highest closing level since March 11, while Australia's S & P / ASX 200 rose 1.3%, South Korea's Kospi Composite rose 1.2%, and Hong Kong's Hang Seng Index rose 1 , 6%.

Now attention will turn to the news of the U.S. economy, the largest in the world.

Nonfarm payrolls data on Friday will be key again expected to show healthy employment picture. Meanwhile, the ADP employment figures - seen by many indications of wage rates will then be released in 1215 GMT.

Mining stocks led the advance as copper prices rose. Europe's Stoxx 600 index for this sector rose 1.8% at 610.02. BHP Billiton added 2.6%, while Antofagasta rose 2%.

Stora ENSO rose 1.5% after Morgan Stanley raised to Overweight rating on the company from equalweight.

Elsewhere, investors retreated from the UK electrical retailer Dixons since warned of a decline in consumer confidence, lower the profit target for this year and said it was considering exit from the Spanish operation.

European Economic Zone Optimism Decrease In March

Wednesday, March 30, 2011

Sentiment in the euro-zone economy declined in March because of unrest in the Arab world launched a comprehensive oil prices and Japan has been hit by devastating earthquakes, tsunamis and fears of the spread of nuclear, official data showed on Wednesday (30 / 3).

The monthly report of the European Commission (EC) shows that despite strong sentiment in the industrial sector, slumped in the service sector, consumer, retail trade and construction. Size of business optimism commission also fell for the first time in 9 months.

European Commission's Economic Sentiment Indicator say all for the 17 nations that make the currency fell to 107.3 in March from 107.9 in February. The decrease is slightly larger than the market consensus estimate fell to 107.5 from Dow Jones Newswires survey.

Commission's business climate indicator fell to 1:41 from 1:46 in February - which is the highest record since May 2000. It was the first time the business climate indicator fell in June - and also exceeded economists' expectations of a setback to 1:43.

The size of strong sentiment in the industry to survive in 6.6 in March - exceeding expectations of economists in a note 6.0. Sentiment in the industry for the European Union (EU), the overall increase support from a strong rise in the UK, the Commission said it.

Nevertheless, the Commission said it expected industrial production fell in the EU and the euro area, although progress on the ***essment of the level of order bookings and an increasing number of managers considering their stock is not sufficient. Managers are also slightly more pessimistic about the order's exports, he said.

Commission indicator of consumer optimism fell to -10.6 in March from -10.0 in February - reflecting more pessimistic about the future general economic situation, financial situation and possible future customers to save money in the next 12 months.

Consumer section of the report also shows there is a sharp rise in view of the size indicator of price trends over the next 12 months to 30.8 in March from 25.7 in February.

That is a sign of inflationary pressures are formed in the euro zone and possibly spur fears the European Central Bank (ECB) may raise interest rates for the first time in almost 3 years in April.

Elsewhere, the Commission said the measure sentiment in services fell to 10.8 from 11.2 in February, while retail trade notes fell to -1.5 from -0.2. Construction sentiment indicators are still very weak, falling to -25.0 in March from -24.2 the previous month.

Oil Prices will be stabilized at Year End

World oil prices expected to continue to rise, which then stabilized at the end of this year, because the Middle East geopolitical status will end.

This, also automatically make the speculators will stop. Where one of the things of the recent rise in oil prices due to speculators in the geopolitical conditions in Libya this.

"Libya is a country that has the largest oil reserves in North Africa, although its production is not so great," said Standard Chartered Bank's Indonesia economist Eric Sugandi when met at the Crown Plaza Hotel, Gatot Subroto Jakarta, Tuesday (29/03/2011).

He also adds to the continued decline of the U.S. dollar will continue to make oil prices soar. As oil prices on Nymex at the weekend was recorded at USD102 per barrel. Overall in the first quarter of 2011 average oil would be USD95 per barrel.

"Then will increase to USD107 per barrel in second quarter 2011 and a USD110 per barrel in third-quarter 2011, up to and then back down to USD105 per barrel in the fourth quarter of 2011," he said.

Furthermore, the increase in oil prices in the position of USD105 per barrel this will give effect to the side of inflation and deficit Expenditure Budget (APBN) 2011 Indonesia.

"If oil at USD105 per barrel, inflation will reach seven percent by the end of the year and the budget deficit could reach 1.5 percent," he added.

However, he added during the government has not been able to increase the oil lifting target state budget is reached, then the strengthening of the rupiah is still going to help save the state budget deficit.

"But for the economic growth will remain at 6.5 percent, or remain optimistic about reaching that number, which is supported from household consumption. Despite high inflation, particularly food, household consumption remains high in addition to other support that is Foreign Direct Investment (FDI) , "he concluded

Japan's Industrial Production Up 0.4% In February

Wednesday, March 30, 2011

Japanese industrial production rose for the fourth consecutive month in February, according to government data Wednesday morning, although the index is expected to fall sharply during March due to the earthquake and tsunami last March 11.

Industrial production increased by 0.4% seasonally adjusted, the economy ministry said, beating expectations for 0.2% monthly fall, according to consensus estimates reported by Dow Jones Newswires.

These results are indeed much lower than the increase in January by 2.4%, however. A producer survey data is included with production forecast to 1.4% in March and fell 1.3% in April. Transport equipment, general machinery and chemicals are the biggest driver of the increase, the ministry said.

Korea's GDP 6.2%

Wednesday, March 30, 2011

Korea Q4 GDP rose 0.5%, but down 0.6% from Q3. Korea's GDP rose to 4.7% compared to Q3's 4.4%. Q4 GDP growth below the BOK estimated 4.8% in January. Korea's GDP Growth 6.2% a year, the highest rise since 2002, which rose 7.2%.

Analysts said the economic growth rate this quarter between 1% -1.5% due to bond / export and local demand, pushed inflation expectations higher. BOK Q1 growth estimate of 1.3%. Central Bank monetary policy is expected to resume this year after raising rates in January and March each 25 bps, the current interest rate to be 3:00%. The increase in interest rates to limit inflation pressures.

Inflation this year is estimated to be 3.5% compared to last year's 2.9%.

Oil Prices Down

Tuesday, March 29, 2011

Oil Prices United States (U.S.) slumped on Tuesday (29/03) for day-to-4 in a row. Price escalation in line with the news of forward movement of the rebels who mendaat ***istance from the Libyan air force. The rebels reportedly ready to confront the forces Muammar Gaddafi.

NYMEX oil contract for May delivery fell 24 cents to $ 103.74 per barrel, and add a correction of more than $ 1 in the previous session. The market price of oil has dropped about $ 2 since last Wednesday (23/03).

Haunted Debt Crisis Euro, Sterling inhibited by interst rates

This week's issue of European debt crisis will continue to haunt the strengthening Euro and the currency could sink again when they appear downgrade news for Spain from a third country credit rating agencies, S & P, Moody's and Fitch.

But speculation that the ECB rate hike soon be decided in April to make the euro rose again to record euro zone CPI data later on Thursday appeared better than the forecast 2.3%.

While in England, the possibility of higher interest rates are still hampered by issues of economic growth in Britain is not yet stable. This week's PMI manufacturing index data will be the market spotlight. When the index numbers come out better than 60.6 will increase expectations for the BoE interest rate hikes in the near future.

European Exchange Slightly Higher, News Corporation Helps

Monday, March 28, 2011

European stock markets traded slightly higher Monday, with a healthy corporate news helps maintain a positive tone, although there is still uncertainty surrounding the global economic health.

At 0820 GMT, Europe's benchmark Stoxx 600 index rose 0.2% at 276.50. London's FTSE 100 index 0.2% higher at 5914.66, Frankfurt's DAX index 0.3% higher at 6964.83, and the Paris CAC-40 index rose 0.3% at 3984.48.

Helping push higher London market is the pharmaceutical giant AstraZeneca PLC, which raised full-year profit targets after reaching a settlement with the UK and U.S. tax authorities on transfer pricing arrangements. As a result of the agreement, the company's effective tax rate is estimated to 6% lower than expected from this group, so raising the target for full year 2011 core earnings per share. AstraZeneca shares rose 1.3%.

Nokia shares rose 2.2% after Goldman Sachs raised rating on the stock to buy from neutral, while Alcatel-Lucent shares rose 5.9%.

Nomura analyst advised investors not to be defensive in the stock market to gain more likely.

"Earnings momentum has clearly slowed down in Europe due to margin pressures bite, but with the revised earnings are still positive, economic and earnings surprise in the trend, and low valuation, we see no slow EPS revisions establish a new bearish trend for the market," said Nomura.

Also helping is a positive tone selloff in oil prices in Europe.

Efforts by the Organization of Petroleum Exporting Countries to ease concerns about supply disruptions have resulted in the market.

OPEC President M***oud Mirkazemi repeat last weekend that the current political events in the world still does not guarantee an extraordinary meeting of the cartel and that there is no need for discussion on current oil prices or additional production.

At 0830 GMT, on the New York Mercantile Exchange, light, sweet crude futures for May delivery traded at $ 104.79 per barrel, down $ 0.61 on the Globex electronic session.

At 0835 GMT, the euro traded at $ 1.4076, down from $ 1.4087 late Friday in New York. Dollar was trading at Y81.76, up from Y81.33. However, the Australian dollar was at $ 1.0288, after hitting a high $ 1.0316.

Elsewhere, spot gold traded at $ 1,418.70 per troy ounce, down $ 8.80 from New York on Friday, while the benchmark German bund contract for June delivery was down 0.47 at 121.56.

News and Reviews Economic Zone of Asia (Japan)

Japan's TEPCO Nationalization Not to Consider

A spokesman for the woman from the Japanese government said on Tuesday (03/29) that no government entity anywhere who study the nationalization plan Tokyo Electric Power Co.. The future operator of nuclear facilities in Fukushima Daiichi problem is still unclear.

Yukio Edano said in a press conference that it (nationalization) has not been considered. Comments Edano abort news in Yomiuri newspaper that reported the possibility of nationalization of TEPCO. The report quoted government sources unnamed.

News and Reviews Asia Economic Zone (Korea)

Manufacturing Sentiment Rising South Korea Into 2nd Quarter

Tuesday, March 29, 2011

South Korean manufacturing companies expect improved market conditions in the second quarter of 2011, despite the poverty in the first three months of this year, a government poll showed Tuesday

Ministry of Industry said the knowledge business survey index (BSI) for the period April-June reaching 115, up from 96 the actual index numbers calculated for the first quarter of this year.

The figure above 100 means pessimists than optimists. The survey was conducted on 499 national manufacturing companies with good overall condition and business-wide review.

"Despite the poorer than expected showing in the first quarter, businesses expect things to improve in the coming months thanks to solid growth in sales, domestic demand, exports and profits,"the ministry said.

According to the findings, the index for expected sales jumped to 120 from 106 estimated in the first quarter. Figures BSI domestic demand rose to 116 from 103 with figures for exports and profits reached 111 and 104, respectively.

A recent survey, in addition, shows most companies believe that there will be a better market conditions, with robust gains in semiconductor, automobile, machinery and steel, although there are more pessimists than optimists in shipbuilding.

Manufacturing companies, meanwhile, said that sluggish sales, market conditions domestically and abroad and declining profits all affected BSI rate in the first quarter.

High Debt, Make EU Vulnerable

Monday, March 28, 2011 08:30

After Greece and Ireland, one by one EU member state must bailout. In Portugal, these conditions force the resignation of Prime Minister Jose Socrates. How fragile the Eurozone economy.

Senior Economist Center for Strategic and International Studies (CSIS) Djisman Simandjuntak said the case in some EU member states was triggered by a breach of the Stability Pact. Among other things, the debt ratio should not exceed 60% of gross domestic product (GDP) and annual borrowings should not exceed 3% of GDP.

According to him, all countries should abide by the euro denominated pact. But, that's who violated the member countries of the European Union called Gypsies (Greek, Italian, Portugal, Spain and Ireland. "Because, its debt was well above the maximum level," he told INILAH.COM, in Jakarta, yesterday .

Based on data from the International Monetary Fund (IMF), in 2010 the ratio of debt to Greece's GDP amounted to 124.9%, 120.1% Italy, Portugal 84.6%, Ireland 82.9%, and Spain 66.3%. "For the moment, Portugal, is one of the countries most affected by the ratio of debt," he said.

Therefore, he continued, is a recipe to deal with macro-economic tightening. The state budget that had to be shortlisted. "But, on the other hand, tightening it just raises the problem of unemployment," said Djisman.

He also explained, the high debt ratio of Gypsies is a problem for the eurozone as a whole because it has the same currency is the euro. Whatever actions taken large debtors, influence on European countries to another. "Thus, countries with high debt ratios is not possible to avoid a bailout from countries with low debt ratios," he said.

Other European countries debt ratios are low, do not want to weaken its currency due to its neighboring countries which have high debt levels. "In fact, every debt crisis, will drag its currency weakening," said Djisman.

If the euro continues to weaken, the wealth of German, French, Dutch and other European countries are also eroded. Purchasing power was weakened and the level of consumption tends to fall. "National income would weaken the country concerned. Would not want to be the bailout of the debtor countries that, "he said.

But the bailout still leaves a dilemma. Because, bailout followed by the number of terms. One of them is cutting state expenditure. In this situation people usually rebel. "Subsidy education, unemployment, food and fuel oil (BBM) will be reduced which in fact is not desirable people," he said.

Moreover, the Europeans are accustomed to luxurious living. But, indeed in a swollen debt situation, there is no way other than the bailout. If the debt is too large, the savings should be done. "The choice is not much. Spending cut or taxes raised where the people are not willing, "she says.

In economics, Djisman admit there is nothing at no cost. If a large expenditure, the tax must also be large. If you do not want huge taxes, the debt must be large. "It's just that, as a member of the European Union, the debt must not exceed the terms of earlier, more than 60% of GDP," he said. As a result Djisman firm, Europe's fragile because the country's debt exceeds that limit.

For Indonesia, said Djiman, Europe's debt crisis is not a threat. Because, RI trading partner more with East Asia. Only, there's little or big influence. Because, in some commodities, RI exports to Europe is big enough, such as textiles, coffee, palm oil and shoes. "Indonesia should shift its market to Asia and the Middle East problem is not expected to deteriorate," he added.

So far, the Portuguese government continues to refuse international aid following the resignation of Prime Minister Jose Socrates on Wednesday (23 / 3). Cabinet spokesman Pedro Silva Pereira said the government would continue to oppose the possibility of requesting foreign ***istance. "Our position is clear, rejecting foreign aid," he said.

The Government considers aid can still be avoided. Foreign aid will have serious consequences for the economy. Opposition parties in Portugal refused to support the new tightening policy package announced by the minority Socialist party on March 11, 2011.

Issues Interest Rates Urged Sterling into Negative Territory

Monday, March 28, 2011

Sterling is expected to still be moving in negative territory on Monday after experiencing the deepest weekly decline over the last month against 10 currencies of developing countries, triggered by worries about a shrinking of economic recovery in the UK and the Bank of England likely to delay rate hike.

The pound slipped to the lowest level in 5-session streak against the USD and also touched the weakest level since November against the Euro with increasing speculation that higher interest rates in Europe would be much faster than in England.

"Expectations of interest rate hikes in the short term could provide support for the Sterling, but the sentiment has been displaced by the magnitude of the potential market fears of economic slowdown in the UK," said Ian Stannard, senior currency analyst at BNP Paribas SA in London.

Distressed Oil Demand Outlook

Monday, March 28, 2011

Oil prices fall due to expectations of reduced demand in the euro-zone debt crisis and Japan's nuclear crisis Successful Balance turmoil in Libya and the Middle East. Debt crisis again haunt the market after the European Union reduce the amount of aid commitments. Japanese reconstruction efforts hampered the nuclear crisis with increasing radiation at Fukushima nuclear rectors. Libyan rebels successfully mastered return oil port of Ras Lanuf after Allied warplanes attacked Tripoli.

"Investors seem to stop the oil rally for a while due to the prospect of delay in recovery efforts due berkepanjangannya Japan's nuclear crisis," said Serene Lim, ANZ strategic. "The deteriorating situation of the euro-zone was also able to supply Libya imbangi anxiety. Situation Libya also seems not look better or worse." However outlook is still bullish oil supply disruption due to concerns over continued turbulence North Africa and the Middle East, the main areas exporter of black gold. Oil is still facing resistance as the key to $ 106.93, the highest price March 7, 2011

Euro Still Fatigue Issues in Central Portugal

Monday, March 28, 2011

In late morning trading session on Monday, the euro currency are still moving in the range of weak after the end of last week declined due to increased anxiety worsening debt crisis in Portugal after Standard & Poor's cut its credit rating of the country.

Meanwhile, Spanish Prime Minister Jose Luis Rodriguez Zapatero said he was not concerned about the widespread threat of prolonged political instability Portugal. Spain itself has been estimated to be the candidate most likely to become the Euro zone countries to-4 that followed Greece, Ireland and Portugal to request a bailout maybe.

Technically bearish pressure will continue to urge the EUR to break the psychological level of 1.4000. Rupture of this important level will support the continued bearish toward 1.3950 and 1.3900.

Hong Kong banks agree to repay Lehman investors' losses

Monday, 28 March 2011

Hong Kong banks will from WHO repay investors lost money after the collapse of investment bank Lehman Brothers.

Sixteen banks have Agreed to buy back They sold financial instruments to investors for up to 96.5% of Their Value.

More than 40.000 customers Had invested close to $ 2.5bn (? 1.6bn) in Lehman's financial products.

Lehman Brothers filed for Bankruptcy in September 2008 due to an economic slowdown and credit crunch.

The repayment of losses incurred Following the collapse has been an ongoing saga in Hong Kong.

Investors accused the banks of misleading Them with complex products, triggering a tussle Between customers, banks and Regulators.

The banks Had Previously Offered to buy back the products at 60% of Their value in 2009.

The current offer will from need to be approved by at least 75% of the WHO investors hold the products. They are expected to hold meetings to discuss the issue in the coming months.

European Exchange Will Open Up

European stock markets will push higher Friday, after closing Thursday at the U.S. strong and solid gains in Asia overnight, said Capital Spreads.

"The market seems to be repeating the bullishness yesterday as traders shrugged his shoulders above all the negative news surrounding the euro zone debt crisis [with Standard & Poor's issued a rating over Portugal Thursday] and instead focus on improving corporate earnings," he added.

Tips FTSE 100 rose 48 points in 5929, the DAX up 54 points in 6988, and the CAC-40 rose 29 points in 3998. In economic data, euro zone M3 and the German Ifo survey both at 0900 GMT. In the U.S., the third release of 4Q GDP at 1230 GMT.

Continue to Monitor Oil Libya, Middle East

Friday, March 25, 2011

Oil prices did not change much, still sustained disruption of supplies by the fighting Libya and the Middle East unrest. Fairly thin trading volume while investors monitor further developments in the Middle East and Japan's nuclear crisis.

"There is a tendency to do profit-taking after oil climbed $ 10 since March 16; especially resistant to oil is now facing the highest price 2011 $ 106.93," said Andrew Lebow, broker at MF Global. Reuters survey showed oil prices will stay above $ 100 per barrel through 2013 due to tensions in the Middle East, the region's major exporters of oil.

Oil managed to reduce the decline after French fighter jets destroyed a Libyan warplanes. In Yemen, the army of President Ali Abdullah Saleh's supporters clashed with other soldiers who support the opposition groups are demanding the resignation. In Syria, 37 people were killed in the city of Deraa as the outbreak of protests, the government promised to fulfill the demands of protesters. In Bahrain, the opposition calls for a full day of demonstrations after the government banned public meetings on Fridays.