U.S. Dollar Index Reach Records, Gold Contract Price dimmed

U.S. Dollar Index Reach Records, Gold Contract Price dimmed
The rate of re-suspended gold price followed the direction of world crude oil prices. Until 16:45 GMT on February 4, the price of gold contract for April 2010 delivery month on Comex division - NYMEX United States (U.S.) down 0.71% to U.S. $ 1104.1 per ounce troy.

A weaker gold prices in the futures market also pervade the price of gold bullion in the domestic market. The price of gold bars in Unit Symbol Lookup PT Aneka Tambang Tbk in a position to Rp 344,000 per gram. This figure is down 0.58% compared to the price sebalumnya day.

The analysts say, the main triggers weakening gold price is the strengthening U.S. dollar exchange rate against major world currencies. Fiscal risks in countries joined the European Union supports the strengthening U.S. dollar, said Darren Heathcote, a bank analyst investec Ltd., as quoted by Bloomberg. Until 19:00 pm yesterday, the U.S. dollar index rose 0.34% to 79.64 level. This is the record high U.S. dollar index since July 14, 2009.

Head of Business Development Division and Product Monex Investindo Futures, Apelles RTKawengian, see the recent U.S. economic recovery strengthened in line at Uncle Sam's country. U.S. economic recovery will be faster than Japan and European countries, said Apelles.
But, he predicted, the decline in gold prices will not be overly deep. Until I quarter 2010, Apelles view, the contract price of gold will be in the level of U.S. $ 1050-US $ 1150 per ounce troy.

Martono, Bloomberg TV Marketing Manager, said, during the last three days, gold demand tends to decrease. But, Martono said, in the future, gold prices likely rose to Rp 360,000 per gram. Kontrk assuming the price of gold in the level of U.S. $ 1,300 per troy ounce, Martono said.
Economic Aussie and Kiwi Press AsiaMayoritas Exchange stock market indices in the Asia Pacific region fell back. The main trigger is the economic data of Australia and New Zealand are deteriorating.

Look, the Australian retail data in December 2009 decreased 0.7%. This outside economists estimate, and is the first decline since the last five months. In New Zealand, the unemployment rate in the country rose to 7.3% in the fourth quarter of 2009. This is the highest record in the last 10 years.
As a result, two bad news down the majority of Asian stock markets. The price of shares of Jiangxi Copper Co Ltd, the largest copper producer in China, declined 3.7% in Hong Kong stock exchange. Therefore, the price of metal commodities declined. And, it contributed to the Hang Seng tumbled 1.84% to 20,341.64.

In Japan, the price of Toyota Motor Corp. shares declined 3.5% because of cases of large-scale withdrawal of their products, especially in the United States (U.S.). The Nikkei fell 0.46% to 10,355.98.
The fall of Asian stock markets also reflected in the movements of MSCI Asia Pacific index. Until 19:20 o'clock in Tokyo yesterday, this index weakened 0.8% to 117.54.

In addition to factors of economic data world, capital market analysts see Willy Sanjaya, January effect has also begun to wane in the regional stock exchanges. Willy estimates, in the short term the Asian market will be corrected because the global economic negative sentiment still haunt regional stock trading. European countries, for example, still face a budget deficit constraint.
However, the Asian stock market indices will not fall sharply. The decline was only temporary. Understandably, the Asian region's economic prospects are still far better than the U.S. and Europe. Stock investors still waiting for financial reporting issuers in each country, says Willy.
Suherman Santiko, Indopremier Securities Fund Manager, explained that currently the potential increase in Asian stock market index is relatively limited. Because, over the past year, growth in Asian stock markets is quite high compared to American and European markets. Asian stock growth until the end of this year will not be too high.
Although economic growth in 2010 continued to improve, the potential increase in Asian stock index will not exceed the increase from last year, which reached 50%. At least, until the end of this year the stock index would rise a maximum of 10% -15% since the beginning of the year is 2010.
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In these conditions, Suherman view, investors tend to wait and see. Although action to buy, it is more driven by speculative factors. Investors should choose smart saham.Willy also agree with Suherman. According to Willy, this year the Asian markets rose only an average of 22%. Investors need to choose stocks that have good fundamentals.

Global Corporate Bond Yield Above Indonesia 11%
Two companies from Indonesia completed the sale of global bonds. They are PT Chandra Asri and PT Star Energy. Turbulent market conditions forced them to offer yields above 10% for bonds sold.
Investor Relations PT Barito Pacific Tbk (BRPT) Sodjono Agustino, as the parent Chandra Asri business, explains, the value of bonds will be listed on the Singapore stock exchange amounted to U.S. $ 230 million. Kuponnya 12.875%.

The source who knew of this bond issuance process said Chandra Asri bond yield of 13.5%. Bonds were issued through Candra Asri subsidiary, Altus Capital Pte.Ltd.

DBS, Deutsche Bank AG, and Standard Chartered Plc, a bond underwriter who got a B + rating from Standad and Poor's (S & P). Fund bonds results will be used to pay debt. Including, settle shareholder subordinated bonds Chandra Asri, Strategic Investment Holdings, for U.S. $ 82.5 million.

Meanwhile, Star Energy will complete the bond offering this weekend. Just waiting for the results roadshow from Europe and America, he said, the value of bonds over five years is U.S. $ 325 million. This is in accordance with funding requirements for refinancing debt Star U.S. $ 262 million, and the remainder for working capital.

Barclays Capital, Nomura Holdings Inc., and Standard Chartered Plc support the publication and sale of these bonds. To investors, they offer a yield bonds rated B + by Fitch Ratings in the range of 11%.

This yield is higher than bond yields Cikarang Listrindo already published for 8.5%, the new Energy Star For the first time a global bond issue. Unfortunately, director of Star Energy Rudi Suparman still would not comment.
Head of Debt Capital Market Sukartono BNI Securities said, given the yield is high enough. Usually about 2% -3% above the government bond yield. Global bond yield of R10015 Series maturing in 2015 of 4.5%.
Release Ciptadana Retail Mutual Funds Sukuk

The number of mutual funds that bundle retail sukuk, the second series (SR-002) as the asset base continues to grow. As if he did not want to miss, PT Ciptadana Asset Management will launch a similar product.
Marketing Director Asset Management Ciptadana Farianti Reita said, probably, is the investment manager will give the name of Sharia Copyright Protected for the new product.

Reita estimates, Islamic Copyright Protected could give the lure of the yield ranges from 7.5% to 7.7% We expect to capture a new managed fund of Rp 100 billion to Rp 150 billion from this product, Reita said.
The plan, Ciptadana will effectively apply to permit the Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) on this new product, the SR-002 began trading in the secondary market on February 10, 2010.

Besides releasing a new protected mutual funds, Ciptadana also plans to launch mutual fund mix in the first half of this year. Unfortunately, Reina did not want to explain in detail the structure of the mutual fund mix. What is clear, Ciptadana hope, this new product could capture the fresh funds of about USD 200 billion to 250 billion.

Not only the issue of new products, Ciptadana will also optimize the existing product. How to map the nature of the product as you wish and risk profile of each customer. Because there are customers who like the products with high return. Some are looking for products with consistent returns each year, Reita said.

With these efforts, targeting Ciptadana fund assets under management or Under Management (AUM) grew to $ 3 trillion until the end of 2010. If targets are achieved, the investment manager who broke away with Ciptadana Securities since 2006, it will register growth of AUM by 30.4% compared to those etched in 2009, ie USD 2.3 trillion.

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