Asian Stock Futures Fall as Dollar Holds Drop After Data

Bloomberg (26/7) -- Asian stock futures (NKA) fell, while currencies from the yen to the Australian dollar held gains against the greenback as investors assessed U.S. economic data and corporate earnings to gauge the timing of cuts to Federal Reserve stimulus. Gold maintained its advance. Futures due in September on Japan’s Nikkei 225 Stock Average fell 1 percent by 3 a.m. in Osaka, while contracts on Australia’s S&P/ASX 200 Index dropped less than 0.1 percent. Hong Kong stock futures retreated in their most recent trading session. Standard & Poor’s 500 Index futures rose 0.1 percent after the gauge closed 0.3 percent higher in New York. Yields on 10-year Treasuries fell. The dollar weakened against most of the 16 major currencies tracked by Bloomberg yesterday. U.S. durable goods orders increased more than economists predicted in June, while jobless claims rose in the latest week, data before next week’s Federal Reserve Open Market Committee showed. China ordered companies in 19 industries to cut excess production capacity yesterday as it seeks to recalibrate the economy. In Japan, consumer prices probably rose from a year earlier in June for the first time since May, 2012, according to a Bloomberg survey before data today.

Saham-saham AS berakhir positif

New York, Bloomberg (25/07) – Saham AS naik, menghentikan dua hari kerugian untuk index Standard & Poor 500, karena para investor menimbang kinerja pendapatan perusahaan dan laporan ekonomi sebagai petunjuk kapan Federal Reserve akan mengurangi langkah-langkah stimulus. Facebook (FB) Inc reli 30 persen setelah membukukan pendapatan kuartal kedua dan keuntungan yang mengalahkan estimasi analis. Visa Inc naik 4,2 persen setelah laporan laba melampaui proyeksi. Homebuilders tenggelam 4,8 persen setelah PulteGroup Inc dan DR Horton Inc melaporkan tingkat pesanan lebih rendah dari perkiraan. Index S & P 500 naik 0,3 persen di 1,690.25 setelah sebelumnya jatuh sebanyak 0,4 persen. Indeks Dow Jones Industrial Average gain 13,37 poin, atau 0,1 persen ke 15,555.61. Index acuan naik ke tertinggi sesi hari ini setelah sebuah artikel Wall Street Journal mengisyaratkan bahwa the Fed akan meyakinkan investor untuk tidak akan cepat menaikkan suku bunga pada pertemuan pembuatan kebijakan berikutnya pada 30-31 Juli mendatang. Ketua Fed, Ben S. Bernanke pekan lalu mengatakan adalah 'terlalu dini untuk membuat penilaian apapun' saat ini terkait apakah para pembuat kebijakan akan mulai menurunkan skala pembelian aset pada bulan September. Bank sentral AS itu mengatakan bahwa data ekonomi akan menentukan “waktu” dan “laju” untuk menurunkan pembelian obligasi $ 85 milyar secara bulanan, yang dikenal sebagai pelonggaran kuantitatif. Laporan terpisah menunjukkan hari ini bahwa pesanan barang tahan lama naik lebih dari perkiraan pada Juni, sementara klaim tunjangan pengangguran pekan lalu naik melebihi prediksi. (brc)

U.S. Stocks Advance as Investors Weigh Data, Earnings

Bloomberg, (25/7) -- U.S. stocks rose, halting two days of losses for the Standard & Poor’s 500 Index, as investors weighed corporate earnings and economic reports for clues on when the Federal Reserve may reduce stimulus measures. Facebook (FB) Inc. rallied 30 percent after the world’s most popular social-networking service posted second-quarter revenue and profit that beat analysts’ estimates. Visa Inc. advanced 4.2 percent to a record as profit topped forecasts. Homebuilders sank 4.8 percent as a group after PulteGroup Inc. and D.R. Horton Inc. reported lower-than-expected orders. The S&P 500 rose 0.3 percent to 1,690.25 at 4 p.m. in New York, after earlier falling as much as 0.4 percent. The Dow Jones Industrial Average added 13.37 points, or 0.1 percent, to 15,555.61. The benchmark gauge rose to session highs today after a Wall Street Journal article suggested the Fed will reassure investors it won’t be quick to raise interest rates at its next policy-making meeting on July 30-31. Fed Chairman Ben S. Bernanke said last week it is “way too early to make any judgment” as to whether policy makers will start tapering purchases in September. The central bank has said economic data will determine the timing and pace of any reduction in its $85 billion in monthly bond-buying, known as quantitative easing. The Fed will start trimming purchases in September, according to a Bloomberg survey of economists. Separate reports showed today that orders for durable goods rose more than forecast in June while more Americans filed for unemployment benefits last week as annual auto-plant shutdowns continued to affect data.

Klaim tunjuangan pengangguran dukung outlook pertahankan stimulus, emas diselesaikan naik

New York, 25/07 (Bloomberg) – Emas naik untuk pertama kalinya dalam tiga hari terakhir setelah laporan ekonomi menunjukkan kenaikan tingkat klaim tunjangan pengangguran di AS yang melebihi prediksi sehingga meningkatkan prospek bahwa Federal Reserve akan mempertahankan langkah-langkah stimulusnya untuk memacu pertumbuhan ekonomi. Klaim pengangguran AS naik sebanyak 7.000 menjadi 343.000 dalam pekan yang berakhir 20 Juli menurut catatan dari Departemen Tenaga Kerja hari ini. Sementara, para ekonom dalam survey Bloomberg memproyeksikan kenaikan hanya menjadi 340.000. Harga emas telah reli 7,9 persen sejak awal bulan dan menuju kenaikan bulanan terbesar sejak Januari 2012 setelah Ketua the Fed, Ben S. Bernanke mengatakan bahwa masih terlalu dini untuk memutuskan apakah akan mulai menurunkan skala pembelian obligasi pada bulan September mendatang. 'Ini semua tentang data AS dan The Fed,' kata Chris Gaffney, senior Strategist pasar dari Wealth Management EverBank, dalam sebuah wawancara telepon dari St Louis. 'Hari ini angka pengangguran mendukung harga.' Emas berjangka untuk pengiriman Desember naik 0,2 persen menjadi $ 1,323.10 per ounce yang tercatat pukul 10:35 s.m. di Comex, New York. Volume perdagangan hari ini adalah 30 persen lebih tinggi dari rata-rata untuk 100 hari terakhir menurut data yang dikumpulkan oleh Bloomberg. Logam mulia akan tetap di bawah tekanan di paruh kedua tahun ini karena investor mengurangi kepemilikan ETF emas mereka lebih lanjut, ABN Amro Group NV mengatakan dalam laporannya hari ini, dan memperkirakan bahwa harga emas akan berada di rata-rata $ 1.000 untuk tahun depan dan $ 840 di tahun 2015. (brc)

Gold Rises as Jobless Claims Bolster Outlook for Stimulus

Bloomberg, (25/7) -- Gold gained for the first time in three days after a report showed more Americans filed for unemployment benefits, boosting prospects that the Federal Reserve will maintain stimulus measures to spur economic growth. U.S. jobless claims rose by 7,000 to 343,000 in the week ended July 20, Labor Department said today. Economists projected 340,000, the median of 49 estimates in a Bloomberg survey. Gold rallied 7.9 percent this month through yesterday, heading for the biggest monthly gain since January 2012, after Fed Chairman Ben S. Bernanke said it’s too early to decide whether to begin scaling back bond purchases in September. “It’s all about U.S. data and the Fed,”Chris Gaffney, the senior market Strategist at EverBank Wealth Management, said in a telephone interview from St. Louis. “Today’s jobless numbers are supporting prices.” Gold futures for December delivery rose 0.2 percent to $1,323.10 an ounce at 10:35 a.m. on the Comex in New York. Trading was 30 percent higher than the average for the past 100 days for this time of day, according to data compiled by Bloomberg. Prices slumped 21 percent this year through yesterday as the dollar gained 4.5 percent against 10 currencies. The metal also fell as some investors lost faith in bullion as a store of value. Precious metals will remain under pressure in the second half of the year as investors reduce their holdings further, ABN Amro Group NV said in a report today, forecasting gold prices will average $1,000 next year and $840 in 2015.