Minyak Kembali Turun untuk Hari Kedua Akibat Buntunya Pembicaraan Nuklir Iran

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Minyak turun untuk hari kedua pasca pembicaraan antara pemerintah Iran dan diplomat negara barat guna membahas kesepakatan nuklir yang dapat menyebabkan ekspor minyak hari negara-negara islam meningkat, ini menambah banjirnya pasokan minyak global.

Minyak berjangka turun sebesar 1.9 persen di New York. Pejabat kedua negara dijadwalkan mengadakan pertemuan senin pagi di Swiss terkait pencabutan sanksi terhadap Iran dan batas-batas yang dikenakan terkait program nuklir. Produsen minyak OPEC telah menimbun minyak, Barclays Plc dan Societe Generale SA memprediksi akan menjadi yang pertama yang akan dijual ke luar negeri jika kesepakatan tercapai.

Potensi Iran untuk meningkatkan pengiriman telah meningkatkan spekulasi bahwa surplus pasokan minyak global akan memburuk pasca Organisasi Negara Pengekspor Minyak (OPEC) menolak mengurangi pasokan. Iran, sebagai negara produsen minyak terbesar kelima OPEC, bisa meningkatkan ekspor sebesar 1 juta barel per hari jika sanksi dicabut, Menteri Perminyakan Bijan Namdar Zanganeh mengatakan pada 16 Maret lalu.

Minyak West Texas Intermediate untuk pengiriman Mei turun sebanyak 92 sen menjadi $47,95 per barel di perdagangan elektronik di New York Mercantile Exchange dan berada di level $48,15 pukul 10:40 pagi waktu Singapura. Kontrak WTI telah turun sebesar $ 2,56 menjadi $48,87 pada hari Jumat pekan lalu, penurunan terbesar sejak 26 Februari lalu. Volume perdagangan semua berjangka sekitar 18 persen di bawah moving average 100-hari. Harga minyak telah turun sebesar 9,7 persen tahun ini. (izr)

Sumber: Bloomberg

Gold Declines as Investors Weigh Rates Outlook, Dollar Advances

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Gold dropped for a second day after Federal Reserve Chair Janet Yellen said that she expects interest rates to rise this year in the world’s biggest economy, boosting the dollar for a third day. Silver retreated.

Bullion for immediate delivery fell as much as 0.2 percent to $1,195.91 an ounce and was at $1,197.50 at 8:44 a.m. in Singapore, according to Bloomberg generic pricing. While the metal lost 0.5 percent on Friday to snap the longest run of gains since 2012, it is still set to post the first quarterly rise since June. Gold in Shanghai dropped for a second day.

Gold rose to a three-week high on March 26 as Saudi Arabia headed a coalition of 10 Sunni-led nations attacking Shiite rebels in Yemen, spurring haven demand on concern the conflict may disrupt oil supplies. Yellen said Friday that she expects the central bank to raise rates this year, and that subsequent increases will be gradual without following a predictable path. Short holdings in gold climbed for a seventh week to a record, Commodity Futures Trading Commission data showed.

Gold for June delivery lost 0.3 percent to $1,196.80 on the Comex. Bullion of 99.99 percent purity lost 0.3 percent to 239.80 yuan a gram ($1,200.10 an ounce) on the Shanghai Gold Exchange.

Silver for immediate delivery dropped 0.2 percent to $16.9194 an ounce and is set to climb 7.6 percent this quarter. Platinum was little changed at $1,136.75 an ounce, heading for a third straight quarterly loss. Palladium declined 0.3 percent to $739.25 an ounce, set for a quarterly drop.

Source : Bloomberg

Chinese Shares Advance on Stimulus Bets; Oil Drops, Dollar Gains

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Chinese shares jumped amid speculation the government will do more to support growth and as more mainland funds were allowed to trade Hong Kong equities. Oil slid a second day and the dollar was stronger against most peers.

The Hang Seng China Enterprises Index surged 2.8 percent by 11:03 a.m. in Tokyo, and the Hang Seng Index advanced 1.2 percent as regulators expanded access to the city’s exchange link with Shanghai. MSCI Asia Pacific Index was little changed with Standard & Poor’s 500 Index futures. The greenback climbed 0.1 percent against the euro and the Australian and New Zealand currencies weakened 0.4 percent. U.S. crude oil fell 1 percent, extending Friday’s 5 percent rout.

China’s central bank chief said that the nation’s growth rate has tumbled “a bit” too much and that policy makers have scope to respond, underscoring forecasts for further monetary easing in the world’s second-largest economy. Talks on Iran’s nuclear program resume Monday amid speculation that an accord to ease sanctions could mean a resumption of oil shipments, further swelling global supply. Reports on personal spending and income are due in the U.S.

“Confirmation that further stimulus in China is likely might have some positive announcement impact and help calm market nerves but in the long run is likely to be outweighed by concerns that growth in China’s economy continues to soften,” Ric Spooner, a chief market analyst at CMC Markets in Sydney, wrote in an e-mail to clients.

China has room to act with both interest rates and “quantitative” measures, People’s Bank of China Governor Zhou Xiaochuan said in remarks at the Boao Forum for Asia, an annual conference on the southern Chinese island of Hainan.

Source : Bloomberg

Hong Kong Stocks Open 0.99 % Higher

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Hong Kong shares opened 0.99 percent higher Monday after gains on Wall Street that snapped a four-day losing streak.

The benchmark Hang Seng Index added 241.26 points to 24,727.46.

In mainland China the benchmark Shanghai Composite Index gained 0.67 percent, or 24.83 points, to 3,715.93.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.29 percent, or 5.61 points, to 1,941.20.

Source : AFP

China Stock-Index Futures Rise on PBOC Easing Signal, Silk Road

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China’s stock-index futures rose after President Xi Jinping announced details of his Silk Road plan, and the central bank said the nation’s growth rate has tumbled “a bit” too much and policy makers have scope to respond.

Futures on the CSI 300 Index expiring in April, the most active contract, advanced 1.2 percent to 4,013.40 as of 9:25 a.m. local time. The Shanghai Composite Index added 0.2 percent to 3,691.10 on March 27, taking its quarterly gain to 15 percent. The CSI 300 Index rose 0.6 percent. Hong Kong’s Hang Seng China Enterprises Index slipped for a fourth day, losing 0.2 percent, while the Hang Seng Index was little changed. The Bloomberg China-US Equity Index jumped 1 percent.

Zhou’s remarks follow signs that China slowed further in the first quarter, after recording its weakest expansion since 1990 last year. The economy expanded 6.28 percent in February from a year earlier, Bloomberg’s monthly growth tracker shows, and the government’s official factory reading due Wednesday likely worsened, according to economists surveyed by Bloomberg.

Source : Bloomberg