Gold Trades Little Changed Before Fed Meets to Review Stimulus

Bloomberg (17/12) -- Gold traded little changed before the Federal Reserve starts a two-day meeting today as investors await the central bank’s decision on the timeline for reducing stimulus in the U.S.

Bullion for immediate delivery was at $1,242.22 an ounce at 8:35 a.m. in Singapore from $1,241.30 yesterday, when prices climbed for a second day. Gold for February delivery declined 0.3 percent to $1,241 on the Comex, snapping a two-day rally. Gold tumbled 26 percent this year, heading for the first annual loss since 2000, amid speculation the Fed will curb its $85 billion in monthly bond purchases. Officials said at their Oct. 29-30 meeting that they may reduce the purchases “in coming months” as the economy improves. Gains in manufacturing, technology and housing fueled “modest to moderate” economic growth from early October through mid-November, the central bank said in its Beige Book survey released Dec. 4. The Fed may begin reducing the asset purchases at this week’s meeting, according to 34 percent of economists in a Dec. 6 Bloomberg survey, up from 17 percent in a Nov. 8 poll. Gold rose 70 percent from December 2008 to June 2011 as the Fed pumped more than $2 trillion into the financial system. Silver for immediate delivery was little changed at $20.0172 an ounce after climbing to $20.302 yesterday, the highest since Dec. 12. Platinum rose 0.2 percent to $1,364.60 an ounce, while palladium advanced 0.2 percent to $717.16 an ounce, snapping four days of losses.

 

Asian Index Futures to Rupee Forwards Gain After Brent Oil Jumps

Bloomberg (17/12) -- Asian index futures rose as investors speculated over the timeline for stimulus cuts with the Federal Reserve set to meet from today. The yen held its advance and Indian rupee forwards climbed after crude oil and precious metals led commodity gains.

Futures on Australia’s S&P/ASX 200 Index added 0.6 percent while contracts on South Korean and Hong Kong gauges rose at least 0.9 percent. Nikkei 225 Stock Average futures climbed 0.9 percent to 15,360 by 3 a.m. in Osaka, and fell 0.9 percent to 15,340 in Chicago. The yen was steady at 103.07 per dollar and rupee forwards climbed 0.2 percent. The Standard & Poor’s 500 Index snapped a four-day drop to rally 0.6 percent as Brent crude surged 1.5 percent and silver jumped 1.4 percent. Australia’s central bank releases minutes of its most recent meeting today, with the government to issue its interim economic outlook. Both the euro zone and the U.S. report on inflation today as economists see an increased chance Fed policy makers will announce a cut to the bond purchases that have fueled global asset gains after their two-day meeting. China’s Treasury holdings neared a record in October as the U.S. maintained the $85 billion monthly bond-buying program. “Views on whether the Fed will start scaling back asset purchases are mixed,” Mark Smith, a senior economist in Wellington at ANZ Bank New Zealand Ltd., wrote in a client note. “The strength of recent data suggests this can’t be ruled out, setting the scene for volatility.”

 

Saham AS Naik Pada Pertumbuhan Manufakturing, Minyak Dan Perak Menguat

Bloomberg (17/12) - Ekuitas AS rebound dari kemerosotan mingguan terburuk sejak bulan Agustus yang lalu dan saham Eropa naik ke tertinggi dalam dua bulan terakhir karena data menunjukkan pertumbuhan manufaktur dan investor menunggu hasil pertemuan Federal Reserve. Minyak Brent melonjak akibat pemberontak Libya menolak menyerahkan kendali atas pelabuhan.

Indeks Standard & Poor 500 naik 0,6 persen menjadi 1,786.54 pada pukul 16:09 sore di New York, sedangkan Indeks Stoxx Europe 600 naik 1,3 persen, terbesar sejak 10 Oktober lalu. Indeks Dolar AS Bloomberg tergelincir 0,1 persen karena yen mempertahankan keuntungan terhadap greenback. Yields Treasury Sepuluh tahun naik satu basis poin menjadi 2,88 persen. Minyak Brent dan West Texas Intermediate melonjak setidaknya 0,9 persen dan perak reli lebih dari 1 persen untuk membantu memimpin keuntungan di komoditas. Manufaktur daerah Euro mencapai tertinggi dalam 31 - bulan pada bulan Desember, yang dipimpin oleh Jerman, menurut survei dari Markit Economics yang berbasis di London. Laporan lain menunjukkan produksi industri AS naik pada bulan November terbesar dalam satu tahun, sebagai tanda sektor pabrikan yang memperkuat ekonomi terbesar dunia. Para pembuat kebijakan The Fed memulai pertemuan dua hari mulai besok dan ekonom melihat peluang peningkatan bahwa mereka akan mulai mengurangi stimulus. ' Masalah besar dalam minggu ini adalah pertemuan The Fed dan apa, jika ada, mereka sudah siap untuk melakukan, ' Mark Luschini, kepala strategi investasi dari Janney Montgomery Scott LLC dari Philadelphia. ' Salah satu pasar semakin mengundurkan diri untuk fakta bahwa The Fed akan melakukan pengurangan dan itu sudah OK, atau itu tidak mungkin terjadi pada bulan Desember ini, dan mereka bisa hidup pada likuiditas ini selama satu atau dua bulan lagi. '(frk)

Kenaikan Data Akhiri Penutupan Wall Street Lebih Tinggi

Reuters (17/12) – Saham A.S naik dihari Senin setelah penutupan pekan terburuknya dihari Jumat pekan lalu sejak Agustus seiring dengan peningkatan data ekonomi serta kesepakatan besar yang mendorong optimisme menjelang keputusan kunci dari the Fed yang menyusul nanti diminggu ini.

Berdasarkan pada data yang tersedia, Dow Jones industrial average naik 0.82% ke level 129.59 poin ke level 15,884.95, index S&P 500 gain 0.63% sebanyak 11.23 menuju ke level 1,786.55 dan index Nasdaq Composite telah bertambah 0.71% sebanyak 28.542 poin bergerak menuju ke level 4,029.518.(tito) http://www.reuters.com/article/2013/12/16/us-markets-stocks-idUSBRE9BC0GG20131216

Wall Street ends higher on upbeat data

Reuters (17/12) - U.S. stocks rose on Monday after closing Friday their worst week since August as upbeat economic data and large deals boosted optimism ahead of a key Federal Reserve decision later in the week. Based on the latest available data, the Dow Jones industrial average rose 129.59 points or 0.82 percent, to 15,884.95, the S&P 500 gained 11.23 points or 0.63 percent, to 1,786.55 and the Nasdaq Composite added 28.542 points or 0.71 percent, to 4,029.518. http://www.reuters.com/article/2013/12/16/us-markets-stocks-idUSBRE9BC0GG20131216