FLGS – Global Finance Report

An indiscriminate selling in late trade sending the Dow index into the red position on Monday (14 / 62010) local time, due to positive economic news from Europe suppressed by further reductions in debt ratings of Greece.

Dow Jones Industrial Average fell 20.18 points (0.20 percent) to 10190.89 in late trading, reversing the increase in the morning.

The Nasdaq technology index rose 0.36 painstakingly points (0.02 percent) to end the day at 2243.96 while the broader market index S & P 500 fell 1.97 points (0.18 percent) to 1089.63.

With little data coming from the market drive the United States, Europe dominates the news today.

Moody `s rating agencies downgraded the Greek government’s debt into junk status` `(junk) on Monday, dropping all four levels to Ba1 from A3 amid concerns about how Athens can pay its debts.

“The main news of Greece proved to be a driver of a gradual decline in the stock market moderates, in the evening,” said analysts at Briefing.com.

Previously, stronger-than-expected data for industrial production in the European Union is to improve investor sentiment, sending the Dow up more than 100 points.

Production of the euro zone grew by 0.8 percent in April from March levels, the EU said on Monday, almost double the rate expected by analysts.

- Government of China has said it will change the strategy of investing in foreign currency reserves which now reach 2.5 trillion U.S. dollars.

State Foreign Exchange Administration Bureau (SAFE) does not give any explanation to such exchange will be allocated. Government of China has not confirmed will change the type of asset allocation and currency to be used.

Previously, the Government of China had announced that their investments in Europe a key market for the fund is currently investing their wealth. The economists estimate, China invested 65 percent-70 percent of their funds in the form of United States dollars, while the 20 percent-25 percent of the rest in euros.

“China will adopt a prudent and active principles in managing their wealth,” SAFE said in his statement on the website.

Description is made when Foreign Minister Qin Gang said that the government need not be too worried about the debt they hold. The statement is a comment on the statement made by the U.S. Senate, who asked Obama and his cabinet to check and manage the risks of U.S. foreign debt.

“It should not be politicized,” said Qin. He affirmed that anyone who sells bonds must comply with prevailing market

KOMPAS.com – Producers in Indonesia, especially for devices still favor technology and information package of sales system (bundling) as well as the price tag of the lure of cheap. This fact is also implied when the producers of computers and peripherals local brand, Advan, introduced to the audience DT 8 HSDPA USB modem, last Thursday.

According to Marketing Director of PT Intech Surya Abadi Teddy Tjan, the product is labeled price of USD 399 000 per unit. “But, can the maximum speed 7.2 Mbps, unlike most other maximum speed of only 3.6 Mbps,” explained Teddy.

Affordable prices, continued Teddy, will be felt more and more expensive because of Advan cooperation with Telkomsel for package of sales. The reason, Telkomsel is considered capable of enhancing the ability of these flash-shaped devices. “We also know, Telkomsel has the broadest coverage. This will support the internet need not be expensive,” added Teddy.

Then, as part of a package of programs, each buyer DT-8 will get the sympathy of prime numbers and internet services Telkomsel Flash. Then, there’s a bonus 125 MB per month for six months with the terms and conditions applicable from Telkomsel.

DT-8 that weighs less than 30 grams, in turn, accompanied by a microSD memory card slot with a maximum capacity up to 4Gb. Thus, users can save the results of the download (download). This tool also comes with a safety strap which can prevent the modem cap missing, or separated by its units. “With these advantages we are targeting 30 percent market coverage,” said Teddy Tjan.

Composite Stock Price Index on the floor of the Indonesia Stock Exchange Friday (18/06/2010) afternoon continued to make headway in the green zone.

CSPI first session close higher 1.23 percent or 35.46 points at 2926.56. Turn miscellanoeus industrial and manufacturing sector, which led the index rate at the session this morning.

The index also gained 1.39 Kompas100 pesen, LQ45 index rose 1.56 percent, and the Jakarta Islamic Index rose 1.50 percent.

On the first trading session have 90 shares rose, 60 fell and 70 shares of stock to stagnate. The total transaction value reached USD 2.283 trillion from tranasaksi 71 521 times with a volume of 5.69 billion shares.

While the rupiah against the U.S. dollar this afternoon also strengthened through the 9150 level. RI currency is in the position of Rp 9122 per U.S. dollar.