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).

Rabu, 04 September 2013

Morning Dew - September 5th 2013

Key Points
  • Ahead of the release of the key nonfarm payrolls data and also ahead of the US military intervention on Syria, stocks gained in the US and Europe, but mixed in Asia. JCI fell again after an attempt to crack the resistance at 4206 failed. The poor domestic data as well as weakening Rupiah have been pressuring the index recently and this situation is expected to stay for a time being.
  • JCI's technical outlook suggests that the index may fall again to around 4022-4026 to complete the zigzag corrective move from 4206.95. Once there, JCI may try again to make its way to 4373. Near-term the resistance will remain at 4206.95 while below 4022/26 will set another decline towards around 3936-3978.
  • US ADP employment report for August is set for release on Thursday. The data could serve as a preview to the upcoming NFP data set for release next Friday. Another key data is the ISM index for the service sector which measures the US service sector in August. With the better-than-expected reading of the manufacturing sector data, a similar reading on the service sector will provide another boost for the market.
Click here to download the full update (PDF)
Diposting oleh di 15.07
Label:

Tidak ada komentar:

Posting Komentar

Langganan: Posting Komentar (Atom)