Nikkei Futures Fall on Yen Rebound as Crude Oil Extends Decline

Bloomberg (27/11) -- Japanese index futures fell, signaling the Nikkei 225 Stock Average may extend its retreat from a six-month high, after the yen rebounded against the dollar. Crude oil dropped a fourth day as copper futures slipped while gold and silver held declines.

Nikkei 225 futures were bid at 15,410 in Osaka and Chicago from 15,520 yesterday in Japan. Contracts on the Standard & Poor’s 500 Index were little changed while Australia’s S&P/ASX 200 Index fell 0.1 percent. The yen was steady at 101.33 per dollar after climbing for the first time in four days. West Texas Intermediate oil lost 0.2 percent as copper futures dropped 0.2 percent. Gold traded near a 4 1/2-month low while silver held yesterday’s 1.9 percent slump. Jobless claims probably increased last week in the U.S., according to a Bloomberg survey before a report today, after data yesterday showed home prices jumped by the most since 2006 while consumer confidence unexpectedly dropped. The leader of a protest movement in Thailand, where interest rates are reviewed today, called for the ouster of Prime Minister Yingluck Shinawatra’s government. The U.S. flew unarmed B-52 bombers into an air-defense zone claimed by China and disputed by Japan. Futures on South Korea’s Kospi Index lost 0.2 percent in their most recent trading session, after the gauge rose for a third day yesterday. Contracts on the Hang Seng Index dropped 0.4 percent, while Hang Seng China Enterprises Index futures declined 0.5 percent. The Bloomberg China-US Equity Index of the most-traded Chinese stocks in New York climbed 0.8 percent. The MSCI Asia Pacific Index dropped 0.1 percent yesterday as Japan’s Nikkei 225 and the Topix Index lost at least 0.5 percent. Sayuri Shirai, a Bank of Japan board member who voted against a report at the bank’s Oct. 31 meeting, speaks to reporters today.

Bursa Saham A.S Menghapus Kerugian Terhadap Menyeimbangnya Portofolio

Bloomberg ( 27/11 ) - Saham AS menghapus penguatan karena investor menjual saham pada final 30 menit perdagangan untuk menyeimbangkan portofolio, pemangkasan reli sebelumnya setelah data perumahan meningkat mengangkat pembangun. Treasuries naik sementara saham Eropa jatuh untuk pertama kalinya dalam tiga hari terakhir.

Indeks The Standard & Poor 500 naik kurang dari 0,1 persen menjadi 1,802.75 pada pukul 4 sore di New York, setelah naik sebanyak 0,3 persen. indeks Nasdaq Composite Index ditutup di atas level 4.000 untuk pertama kalinya sejak tahun 2000. Indeks Stoxx Europe 600 turun 0,6 persen. Imbal Hasil pada Treasury tenor lima tahun turun tiga basis poin menjadi 1,31 persen seiring lelang pemerintah sebesar US$ 35 miliar pada tenor lima tahun sehingga menarik permintaan yang kuat diluar perkiraan. 17-negara mata uang bersama Eropa naik 0,4 persen menjadi US$ 1,3569 dan yen dihargai 0,4 persen menjadi 101,34 per dolar. Minyak turun 0,4 persen menjadi $ 93,68 per barel. Harga rumah di 20 kota AS naik terbesar sejak Februari 2006 di 12 bulan hingga September, ini menunjukkan pasar perumahan mengalami kemajuan berkelanjutan bahkan ketika biaya pinjaman naik. Keyakinan diantara konsumen AS tak terduga turun pada bulan November ke level terendahnya dalam tujuh bulan terakhir. Lebih dari US$ 8 triliun telah ditambahkan ke nilai ekuitas global pada tahun ini, kenaikan terbesar sejak 2009, seiring bank sentral mengambil langkah untuk menopang perekonomian di seluruh dunia. Saham mengupas keuntungan mereka di final 30 menit perdagangan karena investor menjual ekuitas AS untuk meniru perubahan Indeks MSCI yang dijadwalkan untuk mulai berlaku di akhir penutupan perdagangan hari ini. Apple Inc, Oracle Corp dan Exxon Mobil Corp adalah salah satu perusahaan yang menghadapi penurunan terbesar dalam pembobotan dalam rebalancing indeks MSCI, menurut Societe Generale SA. Lennar Corp dan PulteGroup Inc naik setidaknya 4,4 persen, memimpin reli di antara homebuilders. Saham teknologi naik 0,4 persen seiring sebuah kelompok pada indeks S&P 500. Apple naik 1,8 persen. China Mobile Ltd's penjualan iPhone akan memberikan perkiraan penarikan pendapatan Apple pada 2014, menurut Peter Misek, analis dari Jefferies LLC. (izr)

U.S. Stocks Erase Gains on Portfolio Rebalance; Treasuries Rise

Bloomberg (27/11) -- U.S. stocks erased gains as investors sold equities in the final 30 minutes of trading to rebalance portfolios, trimming an earlier rally after improving housing data lifted builders. Treasuries advanced while European stocks fell for the first time in three days.

The Standard & Poor’s 500 Index rose less than 0.1 percent to 1,802.75 at 4 p.m. in New York, after gaining as much as 0.3 percent. The Nasdaq Composite Index closed above 4,000 for the first time since 2000. The Stoxx Europe 600 Index declined 0.6 percent. The yield on Treasury five-year notes slid three basis points to 1.31 percent as the government’s auction of $35 billion in five-year notes attracted stronger-than-forecast demand. Europe’s 17-nation shared currency gained 0.4 percent to $1.3569 and the yen appreciated 0.4 percent to 101.34 per dollar. Oil dropped 0.4 percent to $93.68 a barrel. Home prices in 20 U.S. cities rose by the most since February 2006 in the 12 months through September, indicating the housing market sustained progress even as borrowing costs climbed. Confidence among U.S. consumers unexpectedly declined in November to a seven-month low. More than $8 trillion has been added to the value of global equities this year, the biggest increase since 2009, as central banks took steps to shore up economies worldwide. Stocks pared their gains in the final 30 minutes of trading as investors sold U.S. equities to mimic changes in MSCI indexes that are scheduled to take effect at the end the close today. Apple Inc., Oracle Corp. and Exxon Mobil Corp. are among companies that face the biggest decrease in weighting in the MSCI rebalancing, according to Societe Generale SA. Lennar Corp. and PulteGroup Inc. climbed at least 4.4 percent, leading a rally among homebuilders. Technology shares rose 0.4 percent as a group in the S&P 500. Apple climbed 1.8 percent. China Mobile Ltd.’s selling of iPhone will provide a tailwind to Apple’s 2014 earnings estimates, according to Peter Misek, an analyst with Jefferies LLC.

Emas Turun Dekati 1% Terkait Data Rumah AS

NEW YORK/LONDON, Reuters (26/11) – Emas turun dekati 1% pada hari Selasa ini, mengalami penurunan dari satu pekan tertingginya di awal sesi pembukaan, sejalan dengan kenaikan pada aktivitas perumahan di AS yang memicu kekhawatiran bahwa Federal Reserve akan memutuskan untuk mengurangi program stimulus pembelian obligasinya.

Emas Bullion berada dibawah tekanan pasca data menunjukkan perizinan pembangunan perumahan AS mendekati 5-1/2 tahun tertingginya pada bulan Oktober lalu dan sebuah laporan menunjukkan bahwa indeks gabungan S&P/Case Shiller dari harga rumah di 20 wilayah metropolitan naik sebesar 13.3% di bulan September lalu. Laporan-laporan tersebut merupakan tanda-tanda menguatnya perekonomian, meskipun adanya kenaikan suku bunga hipotek dan shutdown pemerintah AS pada bulan lalu. Emas turun sebesar 0.9% pada level $1,241.24 per ounce pada pukul 3:05 sore EST (20:05 GMT), setelah menyentuh level $1,256.49 pada awal transaksi yang merupakan level tertinggi sejak tanggal 20 November lalu. Emas berjangka AS mengungguli emas bullion dan keduanya terselesaikan mengalami kenaikan sebesar 20 sen pada level $1,241.40 per ounce. Volume transaksi sebesar 282,600 lot, menurut data yang ditunjukkan oleh Reuters, mendekati dua kali lipatnya dalam 30 hari rata-rata sebesar 156,000 lot dan sebagian besar dipicu oleh kontrak pada bulan Desember hingga Februari menjelang hari pertama pemberitahuan kontrak bulan Desember pada hari Jumat. Naiknya indeks ekuitas S&P 500 terkait naiknya data perumahan AS juga menurunkan emas sebagai asset safe haven, menurut para broker. (bgs)

Gold gives up gains to drop nearly 1 pct on U.S. housing data

NEW YORK/LONDON, Reuters (27/11) - Gold fell nearly 1 percent on Tuesday, retreating from a one-week high set earlier in the session, as encouraging U.S. housing activity stirred fears the Federal Reserve will soon decide to reduce its bond-buying stimulus program. Bullion came under pressure after data showed permits for future U.S. home construction hit a near 5-1/2 year high in October, and a report showed the S&P/Case Shiller composite index of home prices in 20 metropolitan areas jumped 13.3 percent in September. The reports were the latest signs of strength in the economy, despite headwinds from rising mortgage rates and last month's partial government shutdown. Spot gold was down 0.9 percent at $1,241.24 an ounce by 3:05 p.m. EST (2005 GMT), having earlier hit $1,256.49 in early trading, its highest since Nov. 20. U.S. gold futures outperformed spot bullion, and they settled up 20 cents at $1,241.40 an ounce. Trading volume was at 282,600 lots, preliminary Reuters data showed, nearly double its 30-day average of 156,000 lots and largely boosted by the December-February contract rollover ahead of the December contract's first-notice day on Friday. Some investors reduced their bullish bets after a rally driven by buying related to Comex December option expiry on Monday, said Frank McGhee, head precious metals dealer at Chicago commodities brokerage Alliance Financial LLC. A higher S&P 500 equities index on the bright housing data also weakened gold's safe-haven appeal, traders said.