Dow Jones: In yesterday’s trading the U.S. stock return weakening of the affected home sales decline was unexpected and the Fed said it would cut two programs to stimulate the credit markets, while oil prices fell to their lowest monthly level in line with the strengthening dollar. Alcoa Inc.., General Electric Co.., And Caterpillar Inc.. down at least 2.4% after the National Association of Realtors said purchases declined by 2.7%.
D.R. Horton Inc. down 4.2% and led the decline in the property sector. Bank of America Corp.. and Citigroup Inc. fell after the Fed said it would remove the program who sell loans to commercial banks and the treasury to the holders of bonds. Index S & P 500 (-1%) 1,050.78 and the Dow Jones (-0.4%) 9,707.44.
Regional Morning: Asian Stock weaker, led by financial and mining companies, after Nomura Holdings Inc. will sell new shares, selling home-made an unexpected decline in the U.S. and declining commodity prices.
Nomura is still trading at low prices in Tokyo. Mitsubishi UFJ Financial Group Inc.. (-4.8%). Honda Motor Co.. (-2.2%). BHP Billiton Ltd. (-2.3%) In Sydney. The MSCI Asia Pacific Index (-1.5%) 116.80 at 9:58 pm in Tokyo. Index has fallen 1.4% this week. NIKKEI 225 (-2.46%) 10,285.00. KOSPI INDEX (-1.25%) 1,672.68. S & P / ASX 200 Index (-1.14%) 4,647.60. STI (-0.85%) 2,644.85.
Commodity: Oil fell to its lowest level eight months as an unexpected decline of home sales spur investor skepticism about the economic recovery.
Oil fell after the National Association of Realtors said sales fell to an average of 5.1 million per year. Crude oil for November delivery fell to $ 65.89 per barrel and Brent crude oil for November fell 4.7% to $ 64.82 per barrel. Crude oil (+0.1%) $ 65.9/bbl, Gold (-0.01%) $ 994/oz, CPO (-2.2%) 660/MT, Nickel (-4.4%) $ 17.100/MT, Tin (-1.9%) $ 14.375/MT ).
Economic & Industrial News
Economic: Tax Subsidy for Business World USD $ 16.87 Trillion
Government and Parliament agreed to disburse the tax subsidies and import duties borne by the government to businesses next year valued at Rp 16.87 trillion, higher than that in the 2010 State Budget of Rp 13.42 trillion.
Energy: Indonesia Power Save Budget USD $ 240 Billion / month
PT Indonesia Power, PLN subsidiary budget savings potential primary need for PLTGU Tanjung Priok, North Jakarta and PLRGU Grati, East Java Rp 240 billion / month. The potential savings obtained from the gas Supply followed by 30 mmscfd PGAS from Santos Ltd and as many as 40-60 mscfd.
Corporate news
BYAN: Will Build Again Briquette Plant
BYAN plans to build another factory again in tabang briquettes, Kaltim. To fund the project company will seek a loan of U.S. $ 150 million and the target can get at least 1Q10.
EARTH: Debt Review BEI CIC Rp19 T
BEI was inspecting EARTH loan from China Investment Corp.. (CIC) of U.S. $ 1.9 billion, or Rp19 trillion because of lack of information given to targeted companies and completed today. BEI check terms of payment and the reason for the determination of the coupon 12% / year and the amount of funds for old debt and capex.
OKAS: BEI Rights Issue Price Defines in Regular Rp765
BEI rights issue to fix prices in the market OKAS regular registration Rp765/saham which will be held on this day (25 / 9).
ASII: FIF Appoints Independent & Batavia Securities so Underwriter
PT Federal International Finance (FIF) appointed PT Batavia Prosperindo Securities and PT Mandiri Securities to be underwriters medium term notes (MTN) Rp500 billion which will be published in 4Q09.
IPO: IPO BW Plantation 1.2 Billion Shares
The following schedule IPO PT BW Plantation, include: a removable Shares: 1,211,009,000 shares, Nominal value: Rp100/saham, Underwriter: PT BNP Paribas Securities Indonesia and PT Danareksa Securities, effective Date: 16 Okt09, bidding period: 20-12 Okto09 , Listing: 27 Okto09. The bid price until now had not been set.
TLKM: Will Synergy Business Tower
TLKM will synergizing between telecommunications tower management subsidiary of PT and PT Telekomunikasi Dayamitra Solusindo First Creative is currently in the process of acquisition. In addition, the company was preparing to Rp500 billion fund to acquire two information technology companies this year.
