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Indosurya Weekly Report
Fourth Week, June 2010
Your Investment Partner
Economy Indicator
The JCI drove wihout a hitch
JCI on last week are slowly getting closer to a record high. The positive sentiment comes
from the stability of the American, Europe, and Asia markets. Movements that occurred in the
Indonesian stock market last week following the movements that happen on the American,
Europe and Asia stock market causing the stock price rises. Last week, Spain's Central Bank
Governor was willing to publish the results of stress tests of banks in Spain next month.
European Central Bank President, JC. Trichet, said that the results of stress tests of regional
banks in Europe more broadly will be published no later than the second week of July. As
known in recent months Europe became the center of negative sentiment and the attention of
investors due to concerns about the debt crisis that occurred. Availability of the publication of
the results of stress tests also gave positive sentiment to the market that the debt crisis that
hit Europe during this still within their control.
Some of U.S economic data showed an increase
Another positive sentiment coming from the U.S, where the Fed said that production from the
manufacturing, mining, and home appliance grew 0,9% in May after earlier in April grew
0,8%. Beside that, U.S also announced that its index of consumer confidence grew to its
highest rate since January 2008. Both positive sentiment are able to weaken negative
sentiment in the U.S housing sector, where growth of housing sector down more than market
expectations. Impact of positive sentiment from Europe and the U.S are growing investor
confidence and encourage foreign investors in particular to take buy action on the JCI.
JCI possible correction-prone
After