Indeks Berjangka China Reli Terkait Pembebasan Pajak Seiring Dubut Lintas Bursa

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Indeks saham berjangka China menguat pasca pemerintah membebaskan pajak modal keuntungan bagi investor asing untuk membantu meningkatkan partisipasi dalam debut link exchange Shanghai-Hong Kong hari ini.

Kontrak pada CSI 300 Index yang berakhir bulan ini naik sebesar 1,4 persen ke level 2,600.40 pukul 09:18 pagi waktu setempat, sementara kontrak pada indeks Hang Seng Hong Kong naik 1,2 persen. Saham Qingdao Haier Co mungkin aktif seiring link memberikan investor luar negeri akses yang lebih besar ke saham-konsumen China terkait. Bursa Hong Kong & Clearing Ltd, yang telah melonjak lebih dari 40 persen sejak perdana menteri Li Keqiang mengumumkan rencana untuk menghubungkan perdagangan saham pada bulan April lalu, bisa bergerak pasca mengatakan ujian akhir sistem telah sukses.

Exchange-traded funds China menguat di Amerika Serikat pada 14 November, dengan X-pelacak Deutsche Bank Harvest CSI 300 China A-Saham ETF melompat sebesar 3,3 persen. China mengatakan pasca pasar lokal ditutup akan pembebasan sementara pajak keuntungan modal memberikan bagi investor asing, menjelaskan aturan sebelum debut program menyediakan akses yang belum pernah terjadi sebelumnya untuk saham China. (izr)

Sumber: Bloomberg

WTI Swings After Biggest Gain in Two Months

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West Texas Intermediate fluctuated after rising the most in almost two months as investors weighed the likelihood that OPEC producers will cut production when the group meets this month. Brent was steady in London.

Futures were little changed in New York and London as members of the Organization of Petroleum Exporting Countries step up diplomacy before their Nov. 27 meeting. Iranian oil minister Bijan Namdar Zanganeh is preparing to visit the United Arab Emirates this week, Shana, the Tehran-based ministrys news service, said on its website yesterday. Prices could slide further in the coming months as the market enters a period of weaker demand, the International Energy Agency said Nov. 14.

Oil has declined about 30 percent from a June peak as leading OPEC members resisted calls to cut output and instead reduced some export prices while U.S. production climbed to the highest level in more than three decades. Venezuela, Libya and Ecuador have asked for action to support crude as the 12-member group prepares to meet in Vienna.

WTI for December delivery lost 4 cents to $75.78 a barrel in electronic trading on the New York Mercantile Exchange at 12:40 p.m. Sydney time. The contract gained $1.61 to $75.82 on Nov. 14, the most since Sept. 16. The volume of all futures traded was about 73 percent above the 100-day average. Prices dropped 3.6 percent last week and are 23 percent lower this year.

Source : Bloomberg

Yen Holds Drop Before GDP as Kiwi Gains; Crude Maintains Rebound

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The yen was near a seven-year low before data on Japans economy, with Group of 20 leaders pledging to bolster growth amid concern over a global slowdown. New Zealands dollar jumped while crude oil held gains.

Japans currency lost 0.3 percent to 116.63 per dollar by 8:45 a.m. in Tokyo, weakening for a third day, while futures on the Nikkei 225 Stock Average advanced in the Osaka pre-market. The kiwi climbed 0.4 percent after retail sales rose more than was projected. Oil in New York and London was steady after both blends surged more than 2 percent Nov. 14. Standard & Poors 500 Index futures dropped 0.1 percent as gold fell. Australias S&P/ASX 200 Index declined 0.1 percent, led by utilities.

The economy in Japan, Asias second-largest, probably returned to growth in the third quarter, analysts surveyed by Bloomberg say, after contracting the most since 2009 in the three months to June. G-20 leaders, meeting in Australia at the weekend, agreed to measures that would boost their economies by a collective $2 trillion by 2018. China said Nov. 15 that it saw the biggest increase in bad loans since 2005 last quarter, while a stock link between Shanghai and Hong Kong opens today.

Source : Bloomberg

Japan’s Economy Unexpectedly Contracts as Abe Weighs Tax Delay

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Japans economy shrank for a second consecutive quarter, with the unexpected contraction increasing the odds Prime Minister Shinzo Abe will postpone a sales-tax increase.

Gross domestic product shrank an annualized 1.6 percent in the three months through September, the Cabinet Office said today in Tokyo, compared to the median forecast for 2.2 percent growth in a Bloomberg News survey of economists. Unadjusted for price changes, the economy contracted an annualized 3 percent.

Abes administration is seeking to shore up public support after Aprils levy increase triggered the deepest contraction in more than five years. Etsuro Honda, an adviser to the prime minister, said last week a tax increase is out of the question if growth is less than 3.8 percent.

The 3 percentage point increase in the sales tax in April has pushed up the cost of living, straining households that are pressured by rising prices as the central bank pumps record stimulus. With inflation outpacing wage growth, a further bump in the levy slated for next October risks hurting consumption and undermining Abes support.

Source : Bloomberg

China Stocks Give Up Gains on Rising Bad Debts

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Higher starts for both the Hong Kong and Shanghai share markets, brought on by Monday's launch of the Stock Connect program, had almost disappeared half an hour into trading, with concern surfacing as new data out of China showed the bad-debt ratio for major banks had jumped to a four-year-high.

The Hang Seng Index moved off its 0.9% opening gain to trade with a loss of 0.5%. Over on the mainland, the Shanghai Composite Index also gave up most of its initial advance of 1.2% to trade with a gain of just 0.2%.

Earlier in the morning, Hong Kong and Shanghai authorities announced that the long-awaited Stock Connect, allowing direct trade between the two markets, had officially started, allowing foreign individudal investors to buy mainland Chinese stocks for the first time ever. However, a day earlier, statistics from China's top banking regulator showed that banks' non-performing loans was higher as of the end of September, marking a 12th consecutive quarter of rising bad loans. The non-performing-loan ratio climbed to 1.16%, marking the highest level in four years.

Source : Market Watch