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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).

Rabu, 14 Agustus 2013

Morning Dew - August 15th 2013

Key Points
  • There is no change in view that the JCI is seen capped at the EMA resistance around 4710-4720 while the downside is seen supported by 4658 (previous resistance turned support) and 4563. Below the latter will mean the second wave of c is still in force. Weak Dow is supporting the negative outlook scenario so far, so watch the downside cautiously.
  • US Producer Price Index signals timid inflation on the production stage in July while at the consumption stage we will have the data tonight. Other data set for release today are jobless claims, industrial production and Philadelphia Fed index. No big surprises are expected as the market will stay focusing on the next Fed meeting in September. As we nears the meeting date, anxiety over the possibility of a reduction of stimulus will haunt the investors and keep the upside potential limited for now.
  • European economy finally sees a light at the end of the tunnel as GDP data released on Wednesday showed economy was growing during the second quarter. All three data coming from Eurozone, Germany and France told the same story, but whether this will be consistent or not is remain to be seen.
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