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Indosurya Weekly Report
First & Second Week, September 2010
Your Investment Partner
Economy Indicator
After falling down, U.S Stock market back closed positive
Stocks in the New York Stock Exchange closed positive on the last weekend. S&P 500 index
rose 1,3% to 1.104,51 and increased its weekly increase since last July 2010. Financial and
technology stocks rise at least 1,7% in line with the increase in all industrial sectors in the
S&P 500. In addition, companies in the DJIA, 30 stocks rose, and led this index increased to
10.447,93. The increased stock this week patching DJIA decline in before. Stocks in MSCI
World Index climbed 1,2%. Bonds with a tenor of 10 years raised the yield to 2,71%.
Meanwhile, the U.S dollar and Swiss franc weakened against most major currencies and gold
prices also declined. In commodity markets, corn and wheat led the hike in commodity prices
after a drought during August and then make worried about thin supply.
Private companies in the U.S began to recruiting a lot of employes
Private companies in the U.S. recruit new workers more in the last three months. Recruitment
action taken private companies are not predictable in advance; so increasingly high
confidence in the global economic recovery. Data released by the U.S Labor Department
showed that private companies received 67.000 new workers in August 2010. Temporary
workers increased by about 17.000. For the first time in this year, the manufacturing sector
lost 27.000 workers, while the government is also laying off 10.000 workers. On the other
hand, the unemployment rate actually increased in the month of August 2010 to 9,6% from
9,5% in the previous month.
Germany raises economic growth forecast
The German government will increase its economic growth forecast from 1,4