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Indosurya Weekly Report
First Week, July 2010
Your Investment Partner
Economy Indicator
Negative sentiment is still overshadowing the JCI
Along last week, JCI is still moving to weaken influenced by negative sentiment from China
and the U.S economic condition. The world stock market including the JCI opens with the
emergence of concerns about a slowing world economic recovery, where the signs of a
slowing economic recovery appears after growth of data from Europe and China's
manufacturing sector fell to exceed market expectations. Slowing growth in the manufacturing
sector was marked by fears of a significant reduction of the export value of China and
Europe. China worries decline in exports after China was willing to evaluate the value of Yuan
against other major currencies in the world that make products china will become more
expensive in the market. Besides that, a slowing manufacturing sector in China and Europe
occurred as a result of the policies of European countries that still cut the budget for fiscal
stimulus that has limited the demand for goods from countries that implement that policies.
US Economic data below expectations
In addition, U.S. economic growth also slowing down after manufacturing data growth and
employment growth in the U.S dropped more than forecast. In June, the U.S manufacturing
sector grew at the lowest number this year as the impact of reduced demand from overseas
markets. While through the U.S Labor Department reported, employment growth in U.S fell by
125.000 jobs or fall above the market prediction. On the other hand the growth of employment
in the private sector grew by 83.000 or negatif growth below expectation in 110.000. The
positive sentiment for the U.S economy is the release of unemployment in June, which is at
9,5