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In late afternoon trade is the exchange rate seems to have decreased further (24.9). Negative sentiment continues in Asian markets, including Indonesia in the money market and the rupiah closed lower on Friday afternoon by 20 points. Restrained due to the weakening rupiah intervention by Bank Indonesia (BI).

Exchange rate rupiah in Jakarta interbank transactions worth 20 points to move down to Rp8.780 position than before.

Negative sentiment continues in Asian markets, but the dollars do not experience too much pressure in the intervention of BI. Regional market is still moving negative may still spread to Asian markets today. However, BI is still expected to be active in the market to keep the rupiah in the range of stable positions.

But there is a negative signal from within the country regarding the termination of the discussion of Plan Budget of the State (State Budget) in 2012 by the Budget Agency (Banggar) House of Representatives, as the only fittings in Council authority to prepare the state budget law every year, as a protest because banggar leadership is being examined Corruption Eradication Committee (KPK) related bribery case in the Ministry of Manpower and Transmigration Read the rest of this entry »

The U.S. central bank (Federal Reserve / Fed) warned the U.S. economy faces a grim economic forecast. The statement was immediately made Wall Street fell sharply by more than 2%.

Stocks recorded its worst decline in the first months after the Fed said there are significant downside risks to the U.S. economy even though they later announced a number of steps to encourage it.

The Fed said the U.S. economy still growing at a slow pace and the latest indicators noted continued weakness in the overall labor market conditions and the unemployment rate is still increasing. There are significant downside risks to economic outlook, including tensions in global financial markets

The results of the U.S. central bank meeting for 2 days also decided to program the purchase of securities worth U.S. $ 400 billion to reduce lending rates. The Fed will sell securities short-term U.S. government bonds to exchange them for a longer-term. The decision was immediately made yields on U.S. bonds slumped to its lowest point in 60 years.
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Along with declining stock market wall street early this morning, the Hong Kong stock market opened sharply dropped this morning (09/22).

Hong Kong shares decline driven by negative sentiment from the United States, where the Fed announced a stimulus plan amounting to U.S. $ 400 billion. But the governor of the Fed’s Bernanke also stated that the U.S. economic outlook worsens again at risk.

Index futures contract month hangs for sustainable zinc decreased by 542 points and a position opened at 18,183 points. Index futures are experiencing limited movement that tends to rebound and now stood at 18 231 points position. Meanwhile, the index looks spot hangs zinc declined by 592.44 points (3.15%) in the position of 18231.73 points.

Shares in Hong Kong experienced an weaken the movement. Cheung Kong experienced a decrease of 3.2 USD to EUR 90.8. HSBC declined by USD to 41.95 USD 2:00. Henderson Land recorded a decrease of 1:55 to HKD 39.65 HKD position. Read the rest of this entry »

Wheat prices to trade this afternoon (22 / 9) observed decreased. Wheat fell back today after the trade covered by the negative sentiment about the U.S. economy after the poor expectations that the Fed’s statement will buy U.S. government bonds in the near term.

The policy actually provides its own concern given the financial condition of the country is facing a difficult situation with a high level of foreign debt and budget deficit is also protracted.

Wheat futures for December decreased by 1.2% to 6.6675 dollars per bushel, that level is the lowest level since July 13.

The movement of wheat is expected to move is limited to today where the investor will still wait for action. Weather report data in the U.S. the center will also be a determining factor for the movement of wheat.

The potential economic slowdown in the world this year and next year, be taken into consideration the government set a target of national economic growth are included in the financial memorandum of the draft State Budget (Draft Budget) 2012.

In the discussion of macroeconomic assumptions in 2012 state budget, not raise the finance ministry insisted that the economic growth target set at 6.7 percent, although the Parliament asked the government to set higher targets.

“Because we see only 6.7 percent is quite high, meaning that if raised again more is no longer possible. It’s one of our signal that next year it will be heavy,” said Head of fiscal policy (BKF) Ministry of Finance Indonesia

IMF projections stating that Indonesia’s economy will slow next year, do not change the assumptions and government targets that have been agreed with the House Commission XI.
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