Good day to you.U.S. stocks snapped a three-day losing streak as reports on jobless claims and manufacturing added to evidence the recession may be near a bottom.
Major Southeast Asian stock markets tumbled again on Thursday, with Jakarta sliding more than 3 % and Singapore declining for a sixth day, weighed down by losses in heavyweight banking shares. Asian stocks retreated as investors took profits after solid gains earlier in the second quarter sparked by signs the global economy is starting to recover. The MSCI index of Asia-Pacific stocks outside Japan fell 1.1 %.
In Jakarta, Bank Mandiri, the largest lender, was down 5.5 %, and Bank Rakyat Indonesia, the third largest, fell 6.5 %.
Crude oil was little changed after rising yesterday on reports that signaled the U.S. economy will rebound later this year, prompting an increase in energy demand. Crude oil for July delivery rose 14 cents to $71.51 a barrel. Tin slipped 1 % to $14,950 a ton, and nickel climbed 1.1 % to $15,010 a ton.
We believe economic data is coming in better than expected. There is an increasing chance that this recession will be over by the third rather than fourth quarter. Nothing changes on our fundamental economic but market still on consolidation. Maintain Cash and selective buying on lower for medium term investment.
Watching for some Fund into Market Today after market sharply decline. My Top Pick is still same, TLKM, ANTM, INCO, TINS, BUMI, BNBR, and DEWA. Start Looking for ASII, BDMN and BMRI.
“Opportunity for The Future”
[Personal Opinion ]
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DISCLAIMER: This report is issued by [BRIGHT INFO]. Although the contents of this document may represent the opinion of [BRIGHT INFO]. We cannot guarantee its accuracy and completeness.
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