[BRIGHT INFO] Our Focus go "Commodity"

Good day to you. Last week Asian stocks rose, capping the longest streak of monthly gains since the credit crisis began in 2007, after India’s economy and Japanese industrial production grew more than estimated, sending commodities prices higher. U.S. stocks gained for a second week, capping the first three-month gain for the Standard & Poor’s 500 Index since its record in 2007, as commodities posted the biggest monthly rally since 1974 on bets that an economic recovery will boost demand for fuel, metals and crops. On the other hand, JCI rose for a third day, up 0.73 percent.

The Reuters/Jefferies CRB Index of 19 raw materials gained 14 percent in May, the most in almost 35 years. Oil climbed above $66 a barrel to a six-month high as the dollar declined beyond $1.41 against the euro for the first time this year, making raw materials such as oil and gold an attractive alternative investment. Coal closed at 67.09 Newcastle Port.

The Baltic Dry Index, which measures the cost of shipping commodities, climbed 25.4 percent to its highest level since Sept. 26, 2008. Demand in the second quarter “looks good”. The Baltic Exchange's main sea freight index .BADI., which gauges the cost of shipping resources including iron ore, cement, grain, coal and fertilizer, rose on Thursday to an eight-month high, helped by China's demand for goods.
MSCI’s Asian index climbed 12 percent in May, also its third monthly advance. The rally since March has driven the average valuation of companies on MSCI’s Asian index to 1.4 times the book value of assets, 17 percent higher from at the end of 2008.

Japan’s industrial output rose 5.2 percent in April, the most in 56 years, the Trade Ministry reported. Confidence among U.S. consumers rose this month to the highest since September, according to a Reuters/University of Michigan index. India’s economy, Asia’s third-biggest, grew 5.8 percent in the first quarter, the government reported.

Dollar Index break support 80 to 79.22 index. The dollar weakened 6.3 percent this month to $1.4158 per euro, from $1.3230 on April 30. Recent positive economic data from Asia as well as the current weakness of the U.S. dollar are supporting prices.

Stronger economic data imply better demand for commodities, especially cyclical ones like base metals. Nickel climbed 3.3 percent to $13,945 a ton. Tin jumped 4.8 percent to $14,300 a ton.

Palm stocks in the world’s No.2 producer of the vegetable oil dropped 5.37 per cent to 1.29 million tons in April — which is nearly 8 per cent below the 1.4 million tons needed for palm industry to operate normally.

Focus on Commodity base for better return. Soup of the day please watch on metal, coal and cpo related like ANTM, TINS, INCO, PTBA, UNTR, ADRO, BUMI, PGAS, INDF, AALI, LSIP, and SGRO. Speculating: TRUB, DEWA, KIJA and BKSL.

“WAKE UP BULL - I KNOW YOU CAN DO IT”.

[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.