CSPI first session closed up 0.34 percent or 9.68 points at 2868.34. Consumer and mining sectors to support the index in the green belt.

While Kompas100 index rose 0.41 percent, then LQ45 increased 0.42 percent, and the Jakarta Islamic Index rose 0.27 percent.

At the trading session this morning there were 91 stocks rose, 60 fell and 67 shares of stock remained unchanged. The total transaction value reached USD 1.326 trillion from the 44 242 times the volume of transactions with 2.468 billion shares.

While the rupiah against the U.S. dollar this afternoon in the position of Rp 9153 per U.S. dollar.

The value of the rupiah against the U.S. dollar rose to USD 9150-USD 9160 per U.S. dollar compared to the previous day’s closing, USD 9170-USD 9180.

Valas PT Sinarmas Securities analyst, Alfiansyah, in Jakarta, said the increase in amount up to USD 9150 per U.S. dollar done, because of interest in buying the bigger players on the rupiah. “Market Performer bought rupiah because they judged to buy Indonesian currency is better than other currencies, like dollars or euros, because the region is in trouble,” he said.

Although higher, the increase amount is too fast because she did not think market players are still looking for a safe haven for investments other than U.S. dollars. “This is because actors want to gain a better recall rate rupiah is still high,” he said.

He added that the rupiah is still able to move up along the positive external factors continue to occur. This is also supported by positive factors than internal. “If there are no obstacles, then the rupiah will rebound nearly Rp 9,100 per U.S. dollar,” he said.

However, Bank Indonesia (BI) may be thought to enter the market to buy Indonesian currency rupiah so that it is in a narrow range so as not to exceed USD $ 9000 per U.S. dollar. “BI is currently estimated to have reserves of 81 billion U.S. dollars,” he said.

According Alfiansyah, BI’s foreign exchange reserves sufficient to restrain the rate of movement of the rupiah has strengthened. “We estimate, the movement of rupiah will run pretty tough to get close to number of Rp 9000 per U.S. dollar,” he said.

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.

The result of the match of a country in a grand football tournament like the World Cup could affect the movement of stock indices in the country. This is the result of Diego Garcia, a finance professor at the University of North Carolina, United States, in the year 2007.

Keith Wirtz, Chief Investment Officer of Fifth Third Asset Management Inc., said, Garcia still relevant research for the 2010 World Cup in South Africa (South Africa). If a country was thrown from the tournament in the early rounds, the index in such countries tend to need longer time to climb back, and vice versa.

The results of this study also states, bearish market conditions will override the 31 participants from 32 countries the World Cup. ‘When a country teams eliminated in the second half of this championship, the country’s stock index fell 0.49 percent the previous closing value. Create states that consider football as important, the failure will affect larger, “wrote Garcia.

Unfortunately, this study did not show the effects of a country’s victory against its index. However, Wirtz predict the euphoria of victory would make investors more confident to buy shares. The reason is, people will feel happy and will be spending more shares when the country won. “That’s what helps the economy. Index higher share of line with profits,” said Wirtz

Blessing the World Cup

Blessing the World Cup in 2010 against the world’s stock markets are awaited. Since April, the debt crisis in Europe and credit restrictions in China have cut off money in the stock market worth six trillion U.S. dollars. These two events have slowed global economic recovery.

In line with this research, the Managing Director of Bedlam Asset Management in London, England, Jon Compton guess would put investors bearish on the stock position of South Africa to see the possible results of this team in the World Cup. “Attention to the South African people disappear and re-investment dries up,” said Compton.

To organize this event, South Africa spent 5.6 billion U.S. dollars. This money to build and renovate the stadium and improve the transportation and telecommunications infrastructure.

Compton added that the economic downturn that would befall South Africa also experienced all the international event organizers. He predicted the economic downturn will run for six months post-termination events.

However, Bloomberg columnist Matthew Lynn argues, the possibility of flagging South African economy is still fifty-fifty. When the tournament was a success, not only South Africa, the economy of all African countries would be bright. Investors will note that African countries are capable of organizing a global event in a way that a modern and chic. “This success would bring investor interest throughout Africa,” said Lynn.

Lynn offers investors refer to the World Cup. When the Spanish champions, he recommends investors buy the euro. The reason, the weak point of this currency in Spain. As the European credit crisis, the EU is still able to bail out of Greece and Portugal, but not for Spain that are too big. “Winning the World Cup premiere in Spain could save the euro,” he said.

Conversely, when Germany became champions, Lynn requested the investors to sell euros. Tim “Panzer” in the event this time is not the best team in the history of Germany. When you win, it means this team simply relies on discipline, hard work and cooperation. Related to the European crisis, they were probably reluctant to tighten the economy for the Mediterranean countries.

If Brazil win their sixth trophy, Lynn mernpersilakan investors buy all the investment products from Brazil, Russia, India and China. Brazil Victory will remind the world at the owners of energy.

Dow Jones Industrial Average rose 4.60 points (0.05 percent) to 10409.46, trimming earlier losses. The Nasdaq technology index rose a thin 0.05 points (0.00 percent) to 2305.93, while the S & P 500 index, a broader measure of Pasa, slightly down 0.62 points (0.06 percent) to 1114.61.

The atmosphere on Wall Street “be careful” because investors digesting “the weaker economic data and fears of new debt in European countries,” Briefing.com analysts said in a note to clients.

Monthly data of the construction of new housing units (housing starts) and the U.S. building permits fell in May, after the expiration of termination of federal taxes, the Ministry of Commerce said in a report worse than expected for the housing sector.

The number of new housing construction projects dropped 10 percent to 593 000, its lowest level this year, and permits fell 5.9 percent to as low as one year at 574 000.

Federal Reserve (Fed) ebih reported stronger than expected U.S. industrial production data for May, while the Labor Department said producer prices fell in May for the second month in a row, directly reduce inflation worries.

Also received positive market sentiment, after BP agreed to pay 20 billion dollars into the fund (fund) to meet the growing oil spill claims for U.S. President Barack Obama obtained a major concession from the company boss in talks at high risk.

Dow and Nasdaq “rebounding” (turned up) on the announcement, and appeared “to ease investor uncertainty,” said Wells Fargo chief market strategy Advisors, Al Goldman.

BP shares listed in New York ended 1.43 percent higher at 31.85 dollars.

Chairman Carl-Henric Svanberg BP said the company would stop shareholder dividends for the rest of the year because the battle to save his reputation after a major oil pollution.

BP also will sell assets worth 10 billion U.S. dollar this year amid rising costs to cope with oil spills, a company official said.

Dow Jones Industrial Average rose 24.63 points (0.24 percent) to 10434.09 at the close of the market. The Nasdaq technology index increased 1.23 points (0.05 percent) to 2307.16 and the broader market S & P 500 index rose 1.37 points (0.12 percent) to 1115.98 while.

“Fears of economic recovery revived by the Philly Fed manufacturing index is falling far greater than expected, plus an unexpected rise in jobless claims in the way sentiment,” analyst Charles Schwab & Co. said in a note to clients.

New claims for unemployment insurance benefits rose for the second consecutive week, Labor Department reported, missing from their estimates will fall.

The Federal Reserve’s index of manufacturing in Philadelphia in June to Mid-Atlantic region plunged eight points, to 13.4, its lowest level in nearly a year. Manufacturing has been a key driver of the recovery which began about year ago after a year of contraction.

In a separate report, Labor Department said consumer prices fell for the second consecutive in May, amounting to 0.2 percent, due to a decline in energy prices. The average analyst estimate was for 0.1 percent decline.