Japanese Shares Advance for Second Day as Yen Maintains Decline

Bloomberg (12/11) -- Japanese shares gained, with the Topix index rising for a second day, as the yen held declines against the dollar.

The Topix climbed 0.1 percent to 1,186.41 as of 9:01 a.m. in Tokyo, with 19 of the 33 industry groups advancing. The Nikkei 225 Stock Average rose 0.2 percent to 14,295.99. The yen traded at 99.18 per dollar after declining yesterday to 99.16, the weakest closing level since Sept. 20.

More than 700 Topix companies published earnings this month through yesterday, according to data compiled by Bloomberg. Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. are scheduled to report on Nov. 14.

Futures on the Standard & Poor’s 500 Index were little changed. U.S stocks rose yesterday, with the Dow Jones Industrial Average extending a record, as investors awaited retailer earnings reports to gauge the strength of consumer demand and the likelihood of cuts to monetary stimulus.
 

Saham AS Bersiap Pada Rekor Tertinggi Yang Baru

 

NEW YORK, MarketWatch ( 12/11 ) – Saham-saham AS  goyah antara keuntungan dan kerugian yang kecil pada hari Senin setelah kinerja yang kuat di sesi sebelumnya yang mendorong indeks Dow ke rekornya mendekati penutupan.

Para investor menimbang laporan ekonomi China yang keluar selama akhir pekan dan membantu mendorong ekuitas di Asia dan Eropa. Mereka juga terus-menerus mencermati data laporan pekerjaaan AS yang  lebih baik dari perkiraan pada hari Jumat kemarin.

Perdagangan obligasi  libur pada hari Senin karena Hari Veteran, dimana tidak akan ada juga  laporan ekonomi dari pemerintah AS.

' Hari ini akan menjadi hari yang cukup ringan ketika datang pergerakan, hanya karena kita tidak akan melihat banyaknya data di jalan, ' kata Kristina Hooper, seorang analis investasi AS di Allianz Global Investors. ' Kurangnya titik data ekonomi hari ini mungkin hanya menyebabkan pengawasan lebih lanjut dari laporan pekerjaan pada hari Jumat kemarin. '

Indeks S & P 500 terakhir tidak berubah  pada level 1.771. Indeks Dow Jones Industrial Average naik tipis 14 poin atau kurang dari 0,1% menjadi 15.776, menuju rekor penutupan terbaru. Indeks Nasdaq Composite berada pada 1 poin, atau kurang dari 0,1% menuju ke level 3.921. ( rk )

Emas Turun ke 3 Minggu Terendah Akibat Data Pekeja Gain

Bloomberg (12/11) - Emas tergelincir ke tiga minggu terendah di New York terhadap spekulasi bahwa tanda-tanda penguatan ekonomi AS akan mendorong Federal Reserve untuk membatasi langkah-langkah stimulusnya, mengikis daya tarik logam sebagai penyimpan nilai.

Para pengusaha di AS menambahkan 204.000 pekerja di bulan Oktober, dibandingkan dengan 120.000 yang diharapkan dalam survei Bloomberg terhadap para ekonom, data Departemen Tenaga Kerja menunjukkan pada tanggal 8 November kemarin Presiden The Fed Bank of Atlanta, Dennis Lockhart mengatakan pada hari yang sama bahwa bank sentral akan mempertimbangkan mengurangi program pembelian obligasinya pada pertemuan kebijakan bulan depan. Pekan lalu, harga turun 2,2 persen.

' Emas akan tetap di bawah tekanan karena pembicaraan tapering, ' kata Sterling Smith, seorang spesialis berjangka dari Citigroup Inc. di Chicago, dalam sebuah wawancara telepon. ' Prospek bearish. '

Emas berjangka untuk pengiriman Desember kehilangan 0,3 persen untuk menetap di $ 1,281.10 per ons pada pukul 1:42 siang di Comex New York, setelah menyentuh $ 1,278.10, terendah untuk kontrak teraktif sejak 17 Oktober kemarin.Perdagangan adalah 30 persen di bawah rata-rata untuk hari ini selama 100 hari terakhir, menurut data yang dikumpulkan oleh Bloomberg.

Emas Berjangka telah jatuh 24 persen selama tahun ini, menuju penurunan tahunan pertama dalam 13 tahun terakhir, karena beberapa investor kehilangan kepercayaan dalam logam sebagai penyimpan nilai dan spekulasi The Fed akan memperlambat pembelian utang bulanannya sebesar $ 85 miliar.

Perak berjangka untuk pengiriman Desember turun 0,2 persen menjadi $ 21,282 per ons di New York, setelah menyentuh terendah tiga minggu dari $ 21,23 sebelumnya.(frk)
 

U.S. stocks set sights on new record highs

NEW YORK MarketWatch (12/11) — U.S. stocks wavered between small gains and losses on Monday after a strong performance in the prior session that boosted the Dow industrials to a record close.

Investors are weighing encouraging Chinese economic reports that came out over the weekend and helped Asian and European equities. They are also continuing to digest Friday’s better-than-expected U.S. jobs report.

Bond traders have a holiday Monday thanks to Veterans Day, when there will also be no economic reports from the U.S. government.

“Today is going to be a pretty mild day when it comes to movements, just because we’re not going to see much in the way of data,” said Kristina Hooper, a U.S. investment strategist at Allianz Global Investors. “The lack of economic data points today may just cause further scrutiny of Friday’s jobs report.”

The S&P 500 was last roughly unchanged at 1,771. The Dow Jones Industrial Average edged up 14 points, or less than 0.1%, to 15,776, heading for a fresh record close. The Nasdaq Composite tacked on 1 point, or les than 0.1%, to 3,921.

Gold Declines to Three-Week Low as Job Gains Spur Tapering Bets

Bloomberg (12/11) -- Gold slipped to a three-week low in New York on speculation that signs of a strengthening U.S. economy will encourage the Federal Reserve to curb stimulus measures, eroding the appeal of the metal as a store of value.

U.S. employers added 204,000 workers in October, compared with the 120,000 expected in a Bloomberg survey of economists, Labor Department data showed on Nov. 8. Fed Bank of Atlanta President Dennis Lockhart said the same day that the central bank will consider reducing its bond-buying program at next month’s policy meeting. Last week, prices dropped 2.2 percent.

“Gold will remain under pressure because of tapering talks,” Sterling Smith, a futures specialist at Citigroup Inc. in Chicago, said in a telephone interview. “The outlook is bearish.”

Gold futures for December delivery lost 0.3 percent to settle at $1,281.10 an ounce at 1:42 p.m. on the Comex in New York, after touching $1,278.10, the lowest for a most-active contract since Oct. 17. Trading was 30 percent below the average for this time of day during the past 100 days, data compiled by Bloomberg show.

Futures have tumbled 24 percent this year, heading for the first annual drop in 13 years, as some investors lost faith in the metal as a store of value and on speculation the Fed will slow its $85 billion in monthly debt purchases.

Silver futures for December delivery declined 0.2 percent to $21.282 an ounce in New York, after touching a three-week low of $21.23.