DISCLAIMER

This research report is prepared by PT MINNA PADI INVESTAMA Tbk for information purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities or other financial instruments. The report has been prepared without regard to individual financial circumstance, need or objective of person to receive it. The securities discussed in this report may not be suitable for all investors. The appropriateness of any particular investment or strategy whether opined on or referred to in this report or otherwise will depend on an investor’s individual circumstance and objective and should be independently evaluated and confirmed by such investor, and, if appropriate, with his professional advisers independently before adoption or implementation (either as is or varied).

Senin, 01 Juli 2013

Morning Dew - 2 July 2013

Key Points
  • JCI suffered a minor setback as the new week opens. The index fell to as low as 4747 before it settled the day at 4777. The fall itself tracked the Dow's decline on Friday. Near-term, the index is expected to remain rangebound between 4500-5000 with the nearest support below 4747 coming in at 4714, followed by 4648.
  • U.S. data this week will feature the nonfarm payrolls for June, and a jump in payrolls accompanied by a decline in the unemployment rate is seen as negative as such data will prompt speculation that the Fed will have a case in ending its monetary stimulus sooner rather than expected by the market. Payrolls are expected at 165k in June while unemployment rate is seen at 7.5%.
  • US data were positive as the ISM index showed manufacturing sector expanded in June. The index rose from 49 to 50.9, beating the consensus of 50.5. Construction spending also reportedly up 0.5% in May. Positive sentiment from Japan's manufacturing also contributed positively as Tankan index showed a positive result among large manufacturers for the first time in seven quarters.
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Diposting oleh di 15.05
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