China’s Stock-Index Futures Fall on PMI Contraction, Minsheng

PT. Equityworld Futures - China™s stock-index futures fell after an official manufacturing gauge signaled the first contraction in more than two years and China Minsheng Banking Corp. President Mao Xiaofeng resigned amid a media report that he is being investigated by authorities.

Futures on the CSI 300 Index expiring in February declined 2.5 percent to 3,370 as of 9:17 a.m. The Shanghai Composite Index slid 1.6 percent to 3,210.36 on Jan. 30, extending last week™s loss to 4.2 percent, the most since December 2013, amid concern regulatory scrutiny of margin lending and tepid economic growth will curb the benchmark index™s world-beating rally.

China™s outstanding margin debt dropped for the first time in eight days on Jan. 30 in Shanghai, according to data from the city™s bourse. It dropped 0.5 percent to 773.98 billion yuan ($123 billion) from a record 777.6 billion yuan on Jan. 29.

Hong Kong™s Hang Seng China Enterprises Index fell 0.1 percent on Jan. 30, taking last week™s decline to 4.4 percent. The CSI 300 Index slipped 1.4 percent, while the Hang Seng Index dropped 0.4 percent. The Bloomberg China-US Equity Index, the measure of the most-traded U.S.-listed Chinese companies, retreated 1.6 percent in New York.

The government™s Purchasing Managers™ Index fell to 49.8 last month from 50.1 in December, missing the median estimate of 50.2 in a Bloomberg survey of analysts and below the 50 level separating expansion and contraction.

Sumber : ewfpro.com

Gold Drops for Third Time in Four Sessions on U.S. Rate Concern

PT. Equityworld Futures - Gold futures fell for the third time in four sessions on concern that U.S. policy makers will raise interest rates amid signs of economic growth.

Sales of American Eagle gold coins by the U.S. Mint fell 11 percent last month from a year earlier. Data due Feb. 6 will probably show U.S. employers added 230,000 workers last month, according to economists surveyed by Bloomberg.

A statement from the Federal Reserve on Jan. 28 that cited œsolid U.S. growth damped speculation that the central bank would delay raising interest rates. The next day, gold tumbled 2.4 percent, the most since December 2013. The metal jumped 8 percent in January as officials in Europe and Asia announced stimulus to bolster stagnating economies.

Gold futures for April delivery fell 0.2 percent to settle at $1,276.90 an ounce at 1:58 p.m. on the Comex in New York. Aggregate volume was 33 percent below the 100-day average, according to data compiled by Bloomberg.

The metal pared losses of as much as 1 percent after the Institute for Supply Management said its manufacturing index declined to 53.5 in January from 55.1 in December, a sign weakness in overseas markets is restraining U.S. factory output.

Sumber : ewfpro.com

Gold Holds Biggest Monthly Climb Since 2012 Amid Growth Concern

PT. Equityworld Futures - Gold held the biggest monthly gain in three years as data from China and the U.S. that missed estimates added to signs the global economy is faltering, supporting demand for haven assets.

Bullion for immediate delivery traded at $1,281.18 an ounce at 9:50 a.m. in Singapore from $1,283.79 on Jan. 30, when prices completed an 8.4 percent monthly advance for the best start to a year since 2012, according to Bloomberg generic pricing. The metal climbed on Jan. 22 to a five-month high of $1,307.62.

Gold posted the first back-to-back monthly advance in January in a year as assets in exchange-traded products jumped 4.1 percent, the most since July 2011. Data this week may show employers in the U.S. continued to add workers in January, while manufacturing probably moderated. Greek Prime Minister Alexis Tsipras, in office for about a week, is seeking a new deal with the government™s creditors amid concern that failure to reach an agreement may spur the country to quit the euro.

Sumber : ewfpro.com

Asian Stocks Advance to Extend First Monthly Gain Since October

PT. Equitywolrd Futures - Asian stocks rose, with the regional benchmark index extending its firstly monthly gain since October, as Japanese shares climbed after the yen weakened against the dollar on a drop in U.S. jobless claims.
The MSCI Asia Pacific Index added 0.3 percent to 140.91 as of 9:01 a.m. in Tokyo. The gauge has risen 2.2 percent in January, led by a surge in Hong Kong shares. The European Central Bank unveiled a plan this month to join the Bank of Japan in unprecedented monetary easing.
Japan™s Topix index rose 1 percent as the yen traded at 118.28 per dollar after falling 0.6 percent yesterday. South Korea™s Kospi index and Australia™s S&P/ASX 200 Index each gained 0.6 percent. New Zealand™s NZX 50 Index slid 0.2 percent. Markets in China and Hong Kong have yet to open.
Hong Kong™s Hang Seng Index jumped 4.2 percent this month, with Tencent Holdings Ltd. surging 20 percent amid optimism Asia™s second-largest Internet company will diversify its revenue sources. The Shanghai Composite Index rose 0.9 percent, as regulators curb margin lending at brokerages, after gains of 21 percent and 11 percent the previous two months.

Sumber : ewfpro.com