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Indosurya Weekly Report
First Week, August 2010
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Economy Indicator
IMF suggested U.S Financial System need as much $76B in Capital
The U.S. financial system remains fragile and banks subjected to additional economic stress
might need as much as $76 billion in capital, according to the results of International
Monetary Fund stress tests. IMF report on the U.S. financial system, suggested that while the
nation’s banking system is stable, it remains vulnerable. Home prices, commercial real estate
loans and economic growth have the potential to cause shocks that could expose banks to
more losses.
Unemployment in U.S could be rose
Unemployment probably climbed in July, raising the risk American households will keep a lid
on spending for the rest of the year. The jobless rate rose to 9,6% last month from 9,5% in
June. A drop in federal census workers as the population count wound down depressed
payrolls by 60,000, the data may also show. Both manufacturing, which led the U.S out of the
recession, and service industries kept cooling last month, indicating the economic recovery
waned at the start of the second half. The Fed said joblessness is “the most important”
problem facing the economy. The poor job picture is the Achilles heel of the economy,
reflecting the lackluster job market, consumers have become more cautious about spending.
The JCI will consolidate as the impact of profit taking
JCI during last week's, moves in volatile with a stronger tendency to penetrate the record
high. Investors' reflection positive outlook on the performance of issuers in the 2nd quarter
2010. This euphoria is not only happening in the Indonesian but also occurs in the U.S,
Europe and Asia. As is known, at last week's DJIA reached its best week in this year,