European stocks closed
lower and the United States, triggered by falling bond yields of Italy
and Germany up to 500 basis points. Investors worried about
the increase in yield back the bonds.
"This shows the confidence the market has not recovered significantly although Greece and Italy will do the change of government to reform the country's finances," said Managing Research Indosurya Securities, Reza Priyambada, Thursday (10/11/2011).
The market was relieved by the willingness of Berlusconi, but there's no guarantee his successor will do the change for the better. As a result, the Italian government bond yield with a tenor of 10 years reached more than 7.21 percent, the highest since the European Union was founded in 1999.
In fact, the German tenor 10-year bonds only yield 1.73 percent. This level is rated higher than benchmark government bonds of Portugal and Ireland when both countries were given the bailout.
Global conditions were predicted to move mengimbas Composite Stock Price Index (CSPI) today. JCI will be on support and resistance 3788-3822 3875-3893. JCI little white form marubozu previous match. Position close to the upper Bollinger bands.
MACD histogram retained its gains with the elongated positive. RSI William's% R and Stochastic approaching overbought area. "It seems that positive cloud began to shift after the latest news from the European Union. The increase is expected to continue today seems to be delayed," said Reza.
Investors can alert correction is likely to occur today, but can also take advantage of this condition to seek shares at lower prices.
"This shows the confidence the market has not recovered significantly although Greece and Italy will do the change of government to reform the country's finances," said Managing Research Indosurya Securities, Reza Priyambada, Thursday (10/11/2011).
The market was relieved by the willingness of Berlusconi, but there's no guarantee his successor will do the change for the better. As a result, the Italian government bond yield with a tenor of 10 years reached more than 7.21 percent, the highest since the European Union was founded in 1999.
In fact, the German tenor 10-year bonds only yield 1.73 percent. This level is rated higher than benchmark government bonds of Portugal and Ireland when both countries were given the bailout.
Global conditions were predicted to move mengimbas Composite Stock Price Index (CSPI) today. JCI will be on support and resistance 3788-3822 3875-3893. JCI little white form marubozu previous match. Position close to the upper Bollinger bands.
MACD histogram retained its gains with the elongated positive. RSI William's% R and Stochastic approaching overbought area. "It seems that positive cloud began to shift after the latest news from the European Union. The increase is expected to continue today seems to be delayed," said Reza.
Investors can alert correction is likely to occur today, but can also take advantage of this condition to seek shares at lower prices.
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