U.S. Stocks Fluctuate as Facebook Pares Decline, Mondelez Gains

PT. Equityworld Futures - U.S. stocks fluctuated as Facebook Inc. pared earlier losses and a rally in Mondelez International Inc. helped offset Procter & Gamble Co.’s decline after results disappointed.
Facebook dropped 2.9 percent, and earlier more than 5 percent, after second-quarter spending jumped 82 percent. P&G retreated 3.5 percent after forecasting sluggish sales and profit growth. Whole Foods Market Inc. tumbled 11 percent after cutting its sales forecast. Modelez added 5 percent as quarterly profits beat estimates, and Western Digital Corp. jumped 10 percent.
The Standard & Poor’s 500 Index slipped 0.1 percent to 2,105.90 at 12:14 p.m. in New York, after falling as much as 0.6 percent. The gauge rebounded above its average prices during the past 50 and 100 days. The Dow Jones Industrial Average lost 16.83 points, or 0.1 percent, to 17,734.56. The Nasdaq Composite Index gained 0.1 percent.
A report today showed gross domestic product rose at a 2.3 percent annualized rate, and a revised 0.6 percent advance in the first quarter wiped out a previously reported contraction. Consumer spending grew more than projected. Separate data showed applications for unemployment benefits rose last week after reaching a four-decade low, consistent with a stronger labor market.
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Asian Stocks Follow U.S. Slump as Investors Await China Data

PT. Equityworld Futures - Asian stocks fell, after the Dow Jones Industrial Average posted its worst week since January, as investors awaited data on China amid a selloff in commodities.
The MSCI Asia Pacific Index dropped 0.4 percent to 141.95 as of 9:00 a.m. in Tokyo after the Dow slumped 2.9 percent last week. China reports on industrial company profits Monday, providing further clues on the slowdown in Asia’s largest economy. Gold is trading near a five-year low and oil is in a bear market amid concern raw material supplies are outpacing demand. In the U.S., data are due on durable and capital goods orders, with investors looking to this week’s meeting of the Federal Reserve to gauge the timing for higher interest rates.
Japan’s Topix index fell 0.7 percent. South Korea’s Kospi index dropped 0.5 percent. Australia’s S&P/ASX 200 Index lost 0.2 percent and New Zealand’s NZX 50 Index slipped 0.4 percent.
Futures on Hong Kong’s Hang Seng Index sank 0.7 percent in most recent trading, with contracts on the Hang Seng China Enterprises Index, a gauge of mainland Chinese stocks listed in the city, down 1.1 percent. Futures on the FTSE China A50 Index, which tracks the largest Chinese companies, lost 0.8 percent and CSI 300 Index contracts declined 3 percent in Friday trade.
S&P 500 e-mini futures were little changed on Monday. The underlying equity gauge lost 1.1 percent on Friday.
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China’s Gold Buying From Hong Kong Drops to Lowest in a Year

PT. Equityworld Futures - China’s net gold imports from Hong Kong slumped to the lowest level in almost a year in a sign that demand in the world’s biggest consumer may be slowing.
Purchases less sales sank to 22.1 metric tons in June from 67.9 tons in May and 36.4 tons a year earlier, according to data compiled by Bloomberg from the Hong Kong Census and Statistics Department. That’s the smallest since July 2014.
Gold prices fell 1.5 percent in June as the U.S. Federal Reserve moved closer to raising borrowing costs for the first time since 2006. Higher rates cut the allure of bullion as the metal doesn’t pay interest or give returns like stocks and bonds. Swiss exports to China also sank in June, falling 26 percent from May. The start of the rout that wiped $4 trillion from Chinese shares may have hurt demand and buyers were also concerned about prospects for more price declines.
Bullion plunged the most in two years on July 20, sinking to the lowest since 2010, after the Chinese central bank announced it had purchased about 604 tons in the past six years, less than most analysts had anticipated, taking its holdings to 1,658 tons.
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Emas Turun Terkait Outlook Suku Bunga AS, Palladium Melanjutkan Rebound

PT. Equityworld Futures - Emas tahan pelemahan pasca penurunan minguan jangka terpanjangnya sejak 2012 pada kekhawatiran bahwa suku bunga AS akan segera naik setelah September, para otoritas The Fed akan melakukan pertemuan pada pekan ini. Palladium naik.
Bullion untuk pengiriman segera turun sebanyak 0,3% menjadi $ 1,095.35 per ons, dan diperdagangkan di level $ 1,096.38 pada 9:00 pagi di Singapura, menurut harga Bloomberg. Logam ini turun selama lima pekan terakhir dan turun menjadi $ 1,077.40 pada hari Jumat, uang merupakan level terendah sejak Februari 2010.
Emas untuk pengiriman Desember naik 1% menjadi $ 1.097 per ons di New York Comex. Harga paling aktif turun 4,1% pekan lalu, jatuh ke level $ 1,073.70 pada hari Jumat, level terendah sejak Februari 2010.
Indeks Bloomberg Dollar Spot, yang menelusuri greenback terhadap 10 mata uang utama, sedikit berubah pada hari Senin setelah naik untuk pekan kelima. Para otorritas The Fed akan memulai pertemuan dua hari nya pada Selasa.
Perak untuk pengiriman segera naik sebanyak 0,5% menjadi $ 14,7513 per ons, dan berada di level $ 14,7151. Logam ini merosot ke level $ 14,3842 pada hari Jumat, yang merupakan harga terendah sejak 2009.
Platinum sedikit berubah pada $ 986,40 per ons setelah mundur ke level terendah enam tahun pada 20 Juli Palladium naik 0,2% menjadi $ 625,85 per ons, melanjutkan rebound di pekan lalu dari $ 596,75 pada 20 Juli, yang merupakan harga terendah sejak Oktober 2012 lalu.(yds)
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Asian Stocks Outside Japan Drop as Energy, Gold Producers Fall

PT. Equityworld Futures - Asian stocks outside Japan dropped, with energy producers, miners and information technology shares leading declines.
Santos Ltd., Australia’s third-largest energy company, fell 1.6 percent in Sydney after Brent futures extended losses. Newcrest Mining Ltd., the nation’s biggest gold producer, sank 10 percent after the precious metal tumbled to the lowest level since 2010. Innolux Corp. slid 6.3 percent in Taipei after Citigroup Inc. downgraded its rating on the supplier of screens to Apple Inc. Daewoo Shipbuilding & Marine Engineering Co. dropped 6.6 percent in Seoul, extending its record weekly drop.
The MSCI Asia Pacific Excluding Japan Index slipped 0.3 percent to 463.22 as of 4:03 p.m. in Hong Kong. The measure last week posted its biggest weekly advance since April as Chinese shares rallied amid speculation banks will support the market.
German Chancellor Angela Merkel held out the prospect of limited debt relief as crisis-ravaged Greece prepares to reopen its banks three weeks after they were shut. Monday is the day the country must reimburse the European Central Bank 4.2 billion euros ($4.5 billion), including interest, as bonds bought during its last debt crisis mature.
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CHINESE Gold Reserves

PT. Equityworld Futures - China shocked the bullion market by declaring today its official gold holdings for the first time in 6 years - the surprise was less that they had done so, and more at the incredibly small figure which is less than half the market consensus. China last reported a figure of 1054 tonnes in April 2009 which has risen to only 1658 tonnes today - we don't believe the figure, but we struggle to understand the motivation for down-playing it.
With only 1658 tonnes of gold reserves this would put China in 5th position behind the US (8133 tonnes), Germany (3383 tonnes), Italy (2451 tonnes) and France (2435 tonnes). As a country with the world's largest economy by some measures, one would have expected they would be well north of the German figure really. So what is at play here ...
China is seeking a place at top table in financial markets by having its currency accepted under IMF rules (the so-called Special Drawing Rights) at a meeting to be held in October - in other words, to have the Yuan included by Central banks around the world as a reserve currency. As part of this process, China would need to fully declare its gold reserves ; in that sense the timing is as expected - its just the amount that makes no sense.
Secondly, China is struggling with an equity market in freefall and some have suggested that the timing of the declaration is to give comfort to domestic investors that their reserves are size-able ... but that makes no sense either, because they aren't !
The third explanation - and here we move into the under-world of conspiracies, is that China wants to downplay gold as part of its reserves - especially as they are world's top buyers both for domestic jewellery and to top up their official reserves (yes they are also the top producers but they are significant net buyers). This is to say that China may be adopting the reverse of the UK policy of the late 1990's where it telegraphed in advance to the world its intentions to sell most of its gold reserves - thereby prompting a fall in prices to a 21 year low ... thank you Gordon Brown.
I would suspect a decision has already been made by the IMF in principal about the Yuan joining the US dollar as a reserve currency (although I have no proof of that), effectively seeking to fill a void in reserves as Central Banks dessert the Euro ... and it does therefore need to overstate its gold holdings.
There is an apocryphal story about the Chinese Premier on a state visit to Paris who was asked what he thought about the French Revolution ... "Too early to say" was his reply ... which caused a guffaw amongst observers who were aware of China having an uber-long term view on things (actually he misunderstood the question !) ... perhaps they are p[laying the long game both with regards to the economy and with regards to declaring its hand fully and openly on gold.
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Gold Plunges 4.2% to Lowest Since March ’10 as Platinum Slides

PT. Equityworld Futures - Gold sank 4.2 percent to the lowest level in more than five years, dropping for a sixth day, on prospects for higher U.S. interest rates and after China said it held less metal in reserves than some analysts expected. Platinum extended its decline to the lowest since 2009.

Bullion for immediate delivery fell as low as $1,086.18 an ounce, the lowest price since March 2010, and traded at $1,099.09 at 9:42 a.m. in Singapore. Prices sank 2.5 percent last week, the most since March.

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Gold Stalls as Investors Shift Focus to Timing of U.S. Rate Bump

PT. Equityworld Futures - Gold traders were hesitant to act before testimony this week from Janet Yellen that may provide more details on the timing of increases for U.S. interest rates.
The metal settled little changed in New York, while silver and platinum dropped. Federal Reserve Chair Yellen, who last week maintained her call for a rate boost this year, will deliver her congressional testimony starting Wednesday.
Gold futures for August delivery fell 0.2 percent to $1,153.50 an ounce at 1:49 p.m. on the Comex in New York, dropping for the fourth straight session.
Investors increased global holdings in exchange-traded products backed by gold for the first time in four sessions, data compiled by Bloomberg show. On Monday, assets rose 1.7 metric tons to 1,586.9 tons, which is still close to the lowest since 2009.
Silver futures for September delivery dropped 0.9 percent to $15.315 an ounce on the Comex.
Platinum futures for October delivery declined 0.7 percent to $1,028.40 an ounce on the New York Mercantile Exchange.
Palladium futures for September delivery fell 0.3 percent to $657.10 an ounce.
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Gold Drop a Third Day on Greece Bailout Deal, Fed Rate Outlook

PT. Equityworld Futures - Gold fell for a third straight session after Greece secured a deal paving the way to a new bailout and as investors weighed the timing of a U.S. interest-rate increase.
Gold futures for delivery in August fell 0.2 percent to settle at $1,155.40 an ounce at 2:04 p.m. on the Comex in New York.
The Bloomberg Dollar Spot Index, a gauge of the greenback’s strength against 10 major currencies, climbed as much as 0.7 percent, reducing the allure of bullion as an alternative asset.
Holdings in exchange-traded products backed by gold slipped for a third session on Friday, declining 1.3 metric tons to 1,585.3 tons, near the lowest since 2009.
Silver futures for September delivery fell 0.2 percent to $15.457 an ounce, the first drop in four sessions.
Platinum futures for October delivery added 0.4 percent $1,036 an ounce on the New York Mercantile Exchange. Palladium futures for September delivery climbed 1.3 percent to $658.95 an ounce.
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Hong Kong Stocks Open 0.77 % Lower

PT. Equityworld Futures - Shares in Hong Kong slipped 0.77 percent in the first few minutes Monday after surging almost six percent at the end of last week as investors await the resumption of trade in Shanghai, which is witnessing severe volatility.
The Hang Seng Index eased 191.70 points to 24,709.58.
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Gold Falls to 15-Week Low, Silver Sags as Dollar Gains on Greece

PT. Equityworld Futures - Gold fell to a 15-week low and silver slumped to the cheapest in seven months after Greece’s economic crisis boosted haven demand for the dollar, eroding the allure of precious metals as stores of value.
On the Comex in New York, gold futures for August delivery declined 1.8 percent to settle at $1,152.60 an ounce at 1:48 p.m. after touching $1,146.80, the lowest for a most-active contract since March 18. Silver futures for September delivery tumbled 5 percent to $14.969 an ounce. Earlier, the metal reached $14.62, the cheapest since Dec. 1.
The dollar rose to a five-week high against a basket of 10 currencies. Greek Prime Minister Alexis Tsipras is in Brussels for what could be a last chance to secure a rescue from European leaders and keep his country in the euro. In the week ended June 30, the net-long position in gold futures and options plunged 55 percent, the most since U.S. government data began in June 2006.
Gold has dropped 12 percent in the past 12 months as the greenback jumped 18 percent.
Bullish bets on gold futures and options last week fell to 21,480 contracts, the lowest since October 2006, government data showed Monday. Holdings in global exchange-traded funds backed by the metal declined in eight of the past nine weeks, according to data compiled by Bloomberg.
Aggregate futures trading in silver on Tuesday was 88 percent above the 100-day average for this time, according to Bloomberg data. Gold volume was 37 percent higher.
On the New York Mercantile Exchange, platinum futures for October delivery dropped 2.3 percent to $1,041.50 an ounce after falling to $1,027, the lowest since February 2009. Palladium futures for September delivery fell 3.5 percent to $652.40 an ounce, the biggest decline since March 27.
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Gold Turn Up as French and German Leaders Meet

PT. Equityworld Futures - Gold turned higher on Monday as France and Germany told Greece the door was open to negotiations after Greek voters had rejected the terms of a bailout package.
Spot goldwas up 0.2 percent at $1,169.25 an ounce by 3:08 p.m. EDT (1908 GMT), while U.S. gold futures settled up $9.70, or 0.8 percent, at $1,173.20 an ounce.
Leaders of France and Germany told Greece's government the door for negotiations with creditors remained open but urged it to make credible proposals at a euro zone summit to reach a cash-for-reform deal and so avoid a euro zone exit.
Gold prices turned higher on expectations of a statement after French President Francois Hollande and German Chancellor Angel Merkel met to discuss Greece, said Tai Wong, director of base and precious metals trading for BMO Capital Markets in New York.
The Greek vote leaves the country in uncharted waters, risking a banking collapse. Without more emergency funding from the European Central Bank, Greece's banks could run out of cash within days. European leaders called a summit for Tuesday to discuss their next move.
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Gold Rebound on Dolar, Fed Minute Show Uncertainty

PT. Equityworld Futures - Gold rose on Wednesday as the dollar softened, reversing after touching a four-month low as markets watched the tumble in Chinese stock markets and the unfolding Greek debt crisis.
The price of the yellow metal did not react to the June U.S. Federal Reserve policy meeting minutes that showed officials saying they needed to see more signs of a strengthening U.S. economy before raising interest rates.
Melek was referring to expectations the Fed will raise interest rates later this year.
San Francisco Fed President John Williams said the Fed will likely raise rates this year but should only do so when there are firmer signs inflation is headed back up toward the central bank's 2 percent target.
Spot gold was up 0.6 percent at $1,161.60 an ounce at 2:54 p.m. EDT (1854 GMT), after falling to $1,146.75, its lowest since March 18, in earlier trade. U.S. gold futures for August delivery settled up $10.9 at $1,163.50 an ounce.
Other precious metals fell sharply early, with platinum approaching the $1,000 an ounce mark for the first time in more than six years before paring losses.
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Asia Stocks Fall Before Greek Vote as China Shares Extend Slump

PT. Equityworld Futures - Asian stocks fell, led by mainland China shares as measures to shore up the market failed to stop margin traders from unwinding positions at a record pace and investors awaited Greece’s referendum.

The Shanghai Composite Index capped its steepest three-week slide since 1992, falling 5.8 percent on Friday. BHP Billiton Ltd. lost 1.5 percent in Sydney, dragging commodity producers to the largest declines on the regional gauge. China Resources Land Ltd. dropped 4 percent in Hong Kong as just eight of 50 shares on the Hang Seng Index advanced.

The MSCI Asia Pacific Index slipped 0.4 percent to 146.36 as of 5:03 p.m. in Tokyo. The measure is headed for a 1 percent decrease this week. With the Shanghai gauge tumbling more than twice as fast as any other index worldwide, regulators have pledged to investigate market manipulation and unveiled measures to revive confidence among the nation’s 90 million individual investors.

The Hang Seng Index fell 0.8 percent and the Hang Seng China Enterprises Index declined 1.4 percent. Australia’s S&P/ASX 200 Index slipped 1.1 percent and New Zealand’s NZX 50 Index was little changed. South Korea’s Kospi index fell 0.1 percent and Singapore’s Straits Times gained 0.4 percent.

Japan’s Topix index added 0.2 percent, paring this week’s drop to 0.9 percent.

The Standard & Poor’s 500 Index ended the shortened week down 1.2 percent, the biggest weekly loss since March, after closing little changed Thursday. The monthly U.S labor report indicated job creation advanced in June while pay stagnated and the size of the workforce receded.

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Emas Tahan Penurunan Karena Prospek Kenaikan Suku Bunga the Fed Kalahkan Isu Yunani

PT. Equityworld Futures - Emas menuju penurunan mingguan kedua karena spekulasi Federal Reserve yang akan menaikkan suku bunga di tengah penguatan ekonomi AS, melebihi permintaan yang didorong oleh krisis utang Yunani.

Emas batanganuntuk pengiriman segera berada di $ 1,167.81 per ons pada pukul 2:26 waktu Singapura dari posisi $ 1,166.26 pada hari Kamiskemarin, ketika logamkuning tersebut jatuh ke $ 1,157.18, terendah sejak 18 Maret, menurut harga Bloomberg. Harga menuju penurunan sebesar 0,7 persen pada minggu ini, memperpanjang penurunan 2,1 persen minggu lalu.

Fokus investor bergeser ketika Federal Reserve akan menaikkan suku bunga sebelum referendum  Yunani pada akhir pekan dalam upaya langkah-langkah penghematan yang dapat membantu untuk menentukan apakah negara itu tetap berada didalam zona euro. Sebuah laporan Departemen Tenaga Kerja pada hari Kamis menunjukkan perusahaan-perusahaan AS menambahkan 223.000 pekerjaan pada Juni, sementara upah mengalami stagnansi dan jumlah angkatan kerja mengalami penyusutan.

Kontrak berjangka untuk pengiriman Agustus naik 0,3 persen menjadi $ 1.166,50 di Comex setelah tiga hari mengalami kerugian. Logam mulia dengan kemurnian 99,99 persen  kehilangan sebanyak 0,5 persen menjadi 231,50 yuan per gram ($ 1,160.18) diBursa Emas Shanghaimeskipundiperdagangan sedikit berubah pada 232,78 yuan.

Perak untuk pengiriman segera turun 0,2 persen menjadi $ 15,6648 per ons setelahnaik 0,7 persen pada hari Kamis, ketika ketika mengakhiri lima hari penurunannya.(sdm)

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Gold Trades Near Three-Month Low as Fed Outlook

PT. Equityworld Futures - Gold traded near a three-month low as the outlook for higher U.S. interest rates this year outweighed demand for a haven spurred by Greece’s debt crisis. Palladium declined.

Investors’ focus shifted to when the Federal Reserve will raise interest rates before Greece’s weekend referendum on austerity measures that may help to determine whether the country remains in the euro zone. A Labor Department report on Thursday showed U.S. companies added 223,000 jobs in June while wages stagnated and the size of the labor force receded.

Gold for immediate delivery added 0.2 percent to $1,168.69 an ounce at 4:16 p.m. in New York, according to Bloomberg generic pricing. On Thursday, the metal fell for the third straight day, touching $1,157.18, the lowest since March 18. The commodity has dropped 0.6 percent this week.

Futures for August delivery increased 0.4 percent to $1,167.80 on the Comex in New York, where floor trading was closed for a public holiday.

Polls show the outcome of Greece’s Sunday referendum on austerity is too close to call. Prime Minister Alexis Tsipras is campaigning for citizens to vote “no,” and vowed to sign off on creditor demands should people vote “yes.”

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Saham AS Dibuka Melemah Ditengah Kekhwatiran Krisis Yunani

PT. Equityworld Futures - Saham AS turun di tengah kekhawatiran yang meningkat mengenai potensi dampak keluarnya Yunani dari kawasan euro, dengan pemerintah menerapkan kontrol modal serta menutup bank-bank sebelum mengusulkan tuntutan kreditor.
Sembilan dari 10 industri utama 500 Indeks Standard & Poor turun, dengan saham finansial turun 0,9%. Citigroup Inc dan JPMorgan Chase & Co tergelincir sedikitnya 1,5%. Fiat Chrysler Mobil NV, yang membuat sekitar seperempat dari penjualan di Eropa, Timur Tengah dan Afrika, jatuh sebanyak 4,7%. Global X FTSE Yunani 20 ETF jatuh 15%.
Indeks Standard & Poor 500 turun 0,6% menjadi 2,089.82 pada 09:51 pagi di New York, setelah sebelumnya turun 0,9% dan jatuh di bawah harga rata-rata selama 100 hari terakhir. Dow Jones Industrial Average kehilangan 110,37 poin, atau 0,6%, ke level17,836.31, dan Indeks Nasdaq Composite turun 0,7%.(yds)
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Gold ETP Holdings Increase Most in Four Months Amid Haven Demand

PT. Equityworld Futures - Investors bought gold through exchange-traded products at the fastest pace in more than four months as Greece’s financial woes revived demand for the metal as a haven.
Global assets in the ETPs rose by 6.3 metric tons last week, the biggest addition since Feb. 6, data compiled by Bloomberg show. Demand from Greek customers for Sovereign gold coins was double the five-month average in June, the U.K. Royal Mint said in an statement.
Gold futures for August delivery gained 0.5 percent to settle at $1,179 an ounce at 1:39 p.m. on the Comex in New York after rising 0.1 percent on Friday. Today’s advance marked the first consecutive gain since June 10.
The metal headed for the fourth straight quarterly loss, which would be the longest slump since 1997. Signs that the Federal Reserve is on track to raise U.S. interest rates for the first time since 2006 have cut the appeal of gold, which only offers returns through prices gains and doesn’t pay interest, unlike competing assets.
Silver futures for September delivery fell 0.5 percent to $15.695 an ounce. Prices are down 5.4 percent this quarter.
Palladium futures for September delivery slumped 1.8 percent to $666.45 an ounce on the New York Mercantile Exchange. The price touched $665.20, the lowest for a most-active contract since July 1, 2013.
The spot gold-palladium ratio jumped as much as 2.3 percent to 1.7687, the highest since March 20, 2014, according to Bloomberg generic pricing.
Platinum futures for October delivery climbed 0.1 percent to $1,082.30 an ounce on the Nymex. The price has dropped 11 percent this year, while palladium has slumped 17 percent.
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