Rabu, 09 Maret 2011

Gold today

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Harga emas masih menguji trendline bullish yang terlihat di grafik 4 jam. Bias secara umum masih bullish dan tembusnya resistance di 1432.08 akan memberikan peluang bagi rebound ke arah resistance di 1444.30. Bias berpotensi menjadi bearish jika support di 1418.40 pecah, yang kemungkinan akan diikuti oleh pergerakan menuju support selanjutnya di area 1404.72.

Tangguhnya Ekonomi Perkuat Sterling

-Sterling menguat terhadap euro dan dolar setelah data tunjukkan tangguhnya ekonomi Inggris meski pemerintah laksanakan program pemangkasan defisit anggaran. Defisit perdagangan menyusut menjadi £7,1 M di Januari, lebih baik dari estimasi £8,5 M dan revisi publikasi sebelumnya £9,7 M. Ekspor meningkat 5,4% sedangkan impor turun 4%.


Laporan KPMG tunjukkan meningkatnya indeks perekrutan tenaga kerja menjadi 62,7 dari 58,2 pada Januari, tertinggi dalam 10 bulan terakhir. Harga retailer catatkan kenaikan tertinggi dalam dua tahun terakhir. Indeks harga jual, yang dirilis Konsorsium Retailer Inggris, naik 2,7% di Februari, lebih tinggi dari rilis sebelumnya 2,5%.
 
Membaiknya indikator ekonomi tentu akan berikan BoE lebih banyak ruang untuk kendalikan inflasi yang kini mencapai 4%, 2x lipat target bank sentral. BoE besok akan umumkan hasil pertemuan kebijakan moneternya. Meski BoE diprediksi kembali tahan suku bunga dan program pembelian obligasi, pasar telah antisipasi kenaikan suku bunga pada bulan Juni.

Pasar Eropa Mixed Ditengah Kembalinya Kekhawatiran Hutang

Pasar Eropa terus bergerak mixed di sekitar level pembukaan pada perdagangan hari Rabu, dengan risk appetite membebani yang dipicu  oleh kemunculan kembali kekhawatiran atas masalah hutang zona Euro setelah Moody's memangkas peringkat kredit pemerintah Yunani.
Indeks Eurostoxx 50 tergelincir 0,1%, sementara Indeks DAX Jerman justru menguat 0,29% dan indeks CAC Perancis kehilangan sekitar 0,1%. Di Inggris, Indeks FTSE bergerak 0,4% lebih rendah dalam waktu kurang dari 2 jam setelah bel pembukaan.
 
Downgrade Moody's terhadap peringkat obligasi pemerintah Yunani pada hari Senin telah memunculkan kembali kekhawatiran atas nasib anggota Uni Eropa lainnya. Di sisi lain, penurunan harga minyak untuk hari kedua berturut-turut akibat spekulasi tentang pemimpin Libya Gadaffi yang angkat kaki dari negara itu telah meningkatkan harapan berakhirnya konflik di salah satu produsen minyak mentah utama tersebut.

CEO BP: Maafkan Kelalaian Kami

Untuk kali pertama sejak kasus Teluk Meksiko, CEO British Petroleum (BP), Bob Dudley, tampil di hadapan kolega dan rekan satu industri. Pada event bertajuk Konferensi Tahunan IHS Cera, Dudley mengutarakan permohonan maaf atas kelalaian perusahaannya atas kejadian tersebut.

"Sejak insiden itu, inilah kali pertama Saya hadir di hadapan Anda. Maka dari itu, Saya mengucapkan maaf atas semua yang terjadi," tutur Dudley. Sang CEO baru saja menjabat sebagai kepala perusahaan menggantikan Tony Hayward. Ia bertekad menggenjot performa karyawan serta rutin meng-evaluasi standar keamanan di lapangan. Isu ini sekarang menjadi fokus utama BP supaya kesalahan serupa tidak berulang. Dalam sisi operasional, staf tambang harus memastikan semua perangkat sudah bekerja normal sebelum proses pengeboran terlaksana. "BP meminta maaf. BP menuai akibatnya. BP kini berubah," tutup Dudley.

Sementara itu dalam menyikapi krisis Timur Tengah, Ia menyerukan industri untuk mengambil langkah aktif. Middle east dan Afrika Utara menyumbang 30 juta barel minyak per hari (sepertiga suplai dunia). Untuk mengantisipasi guncangan, industri energi disarankan berkoordinasi lebih intensif melalui pertemuan seperti ini.

Listing Saham China di Wall St. Lesatkan HSI

Indeks bursa Hang Seng (HSI) kembali melanjutkan rebound-nya setelah dibuka dengan gap-up menyusul rally tajam saham-saham asal China yang tercatat di Wall Street.
Sementara sektor perbankan diperkirakan menguat setelah bank sentral China menarik kembali sanksi giro wajib minimum bagi sejumlah institusi.
 
Indeks diperkirakan terus melesat jauh dari psikologis 23000 dan dikhawatirkan dapat menghampiri level 24000. Namun patut diwaspadai karena harga di area ini sudah cukup jenuh/overbought sehingga rentan terhadap koreksi dan profit taking.
 
Maka bila Hang Seng mengalami koreksi, level support terdekat berada di area 23750 hingga di 23600.

emas stabil

Emas bertahan stabil hari Rabu setelah perdagangan yang penuh gejolak di sesi sebelumnya. Aksi bargain-hunting dari para pedagang dan kekerasan di Libya memicu tekanan terhadap harga minyak dan pemulihan bursa saham.
Spot emas nyaris tidak berubah di level $1,427.80 per ons, keluar dari rekor tingginya di $1,444.40 per ons yang terjadi hari Senin.
Kontrak emas AS untuk bulan April naik $1.3 per ons ke $1,428.50 per ons. Emas mencapai rekor tingginya di level $1,445.70 hari Senin.

Hangseng Today

Secara teknikal indikator MACD dan channel bullish pada grafik berikut mengindikasikan bias bullish untuk jangka menengah menuju 23880 sebagai target selanjutnya. Break level ini akan melanjutkan tren bullish menuju 24000.
 
Sementara indikator stochastic mengindikasikan koreksi bearish untuk jangka pendek kembali ke support pertama di 23750 sebelum menuju area 23600.


 
Resistance Level : 23880, 24000, 24220
Support Level       : 23750, 23600, 23435
Trading Range       : 23600 – 23880
Trend                      : Bullish

Waspada koreksi Hangseng

Secara teknikal indeks Hang Seng diperkirakan terus melesat jauh dari psikologis 23000 bahkan dikhawatirkan dapat menghampiri level 24000.
Namun patut diwaspadai karena harga di area ini sudah cukup jenuh/overbought sehingga rentan terhadap koreksi dan profit taking. Maka bila Hang Seng mengalami koreksi, level support terdekat berada di area 23750 hingga di 23600.     
Dari grafik berikut terlihat indikator MACD dan channel bullish telah mengindikasikan bias bullish untuk jangka menengah menuju 23880 sebagai target selanjutnya. Break level ini akan melanjutkan tren bullish menuju 24000.
Sementara indikator stochastic mengindikasikan koreksi bearish untuk jangka pendek kembali ke support pertama di 23750 sebelum menuju area 23600.
Resistance Level : 23880, 24000, 24220
Support Level       : 23750, 23600, 23435
Trading Range       : 23600 – 23880
Trend                      : Bullish

Perburuan Safe Haven

Emas masih bergerak dalam range yang relatif sempit hingga memasuki sesi Eropa hari Selasa. Meskipun menjauh dari rekor tertinggi, Emas masih mendapatkan dukungan dari kekhawatiran geopolitik dan ekonomi makro.


Saat ini Emas ditawarkan pada kisaran $1434.95/1435.75 per ons, dan tengah berada tidak jauh dari level tinggi harian. Emas berhasil mencetak rekor tertinggi baru di $1444.30 pada hari kemarin, sebelum tergerus oleh aksi profit taking dan pemulihan Greenback.
 
Berdasarkan grafik, support terdekat berada pada MA 7-hari di $1425, yang diikuti oleh $1420 dan $1410. Sebaliknya, resistensi dapat ditemukan di $1444, kemudian $1445 dan $1450.
 
"Emas dan perak akan diuntungkan beberapa konsolidasi," kata analis William Adams dari FastMarkets. "Tapi meningkatnya kepemilikan pada SPDR menunjukkan keduanya masih akan tetap didukung campuran antara safe haven dan lindung nilai inflasi."

Profit-Taking Warnai Emas

Emas tergelincir, tertekan aksi profit-taking setelah reli kencang akibat meningkatnya gejolak Libya dan ancaman inflasi. "Aksi jual yang terjadi cukup sahat, ini mungkinkan pasar untuk rehat sejenak," papar Chae Un Soo, trader KEB Futures. "Ada minat beli emas yang besar, kecuali situasi Timur Tengah membaik."

Pemberontak kini menyusuri daerah pantai mendekati Tripoli; dimana pasukan setia Qaddafi tengah berusaha pertahankan ibukota Libya tersebut. Salah satu putra Muammar Gaddafi, Saadi, utarakan ayahnya belum kerahkan semua pasukan untuk hadapi pemberontak, demi lindungi Libya dari serangan asing. Dua surat kabar Arab dan televisi Al Jazeera beritakan Gaddafi sedang mencari kesepakatan untuk mundur; tapi pemberontak tidak percaya dengan janji Qaddafi. PBB perkirakan 1.000 orang telah tewas sejak meletusnya pemberontakan di Libya.

Melejitnya harga makanan dan komoditas telah picu kerusuhan di Afrika Utara dan Timur Tengah. Demonstran berhasil gulingkan pimpinan di Tunisia dan Mesir dan protes kini terlihat di Iran, Yaman, Qatar, dan Oman. Di Arab Saudi, website telah serukan demonstrasi pada tanggal 11 dan 20 Maret.

Bank Of America CEO Says No More Acquisitions

executives are in the spotlight today as they present their overall growth and profitability strategies to investors.


BofA’s investor day is particularly important because it’s the nation’s largest bank and faces some of the biggest challenges in the industry compared to some of its rivals. Today’s discussion gives the bank’s executives a chance to address the state of the bank’s most troubling issues like its legal battles regarding mortgage-backed securities and foreclosure problems.
Moynihan spoke to some of those problem in his opening remarks this morning and was blunt about the bank’s future challenges
.
One of its biggest challenges will be grappling with costs related to its home lending unit. Moynihan called the unit the bank’s biggest legacy issue, and says the bank is “still eating large costs” because of it. He added that the bank could have relatively high expenses for the next two years as deals with mortgage-related expenses.
Of course, Moynihan is referring to BofA’s 2008 acquisition of the mortgage lender Countrywide—possibly the worst acquisition in the bank’s recent history. The deal has been a never-ending nightmare for the bank as its faced growing foreclosure problems and legal battles stemming from the Countrywide unit.
In 2010, Bank of America posted a $2.2 billion net loss last year, driven by writedowns on home-lending and credit-card units.
That’s why Moynihan promised investors this morning a “new era” at the bank—one that avoids any major acquisitions.

That’s probably a good idea considering Moynihan does not expect a boost in the bank’s overall assets for the next five years. Bank of America’s assets averaged $2.44 trillion in 2010, ending the year at $2.26 trillion.
So what’s Moynihan’s plan? Well, pretty much what any struggling business might do—cut costs.
Moynihan said the bank’s expenses relative to operating revenue is too high at was 62 % in 2010. He hopes to bring that number down to 55% or “as low as it can go” without hurting the bank’s operations. Before the financial crisis, that ratio hovered around 50%.
Still, Moynihan expects the bank’s  earnings to return to more normal levels in 2012 and 2013, with pretax income around $35 billion to $40 billion.
Bank of America’s shares are up 3% this morning.

Kecemasan Suplai Meredup, Minyak Surut

Minyak melemah akibat ekspektasi redanya kerusuhan Libya sehingga dapat perlancar aliran suplai minyak dari Timur Tengah. Al-Jazeera laporkan pimpinan Libya Muammar Qaddafi menawarkan untuk lepaskan kekuasaan jika dipastikan keselamatannya, namun pemberontak masih menolak tawaran Qaddafi.

Anggota OPEC dan non-OPEC telah tutupi kekurangan pasokan minyak dari Libya, ungkap Mentri Perminyakan Qatar, Mohammed Saleh al Sada. Kerusuhan telah kurangi produksi minyak Libya sebanyak 1 juta barel per hari, menurut Badan Energi Internasional. Libya pompa 1,59 juta barel minyak per hari di Januari.

OPEC tengah pertimbangkan kenaikan output minyak namun belum ambil keputusan, ungkap Mentri Perminyakan Kuwait Sheikh Ahmad al-Abdullah al-Sabah. Ketika ditanya apakah Kuwait telah tingkatkan produksi, Al-Sabah katakan, "Kami tidak tingkatkan produksi, masih tetap penuhi kuota." Namun, Al-Sabah yakin Arab Saudi telah tingkatkan produksi untuk tutupi kekurangan pasokan dari Libya

How Twitter Is Transforming Trading in Commodities

Passing through Giltner, Neb. early last August, farmer Mike Haley used his Twitter account to post a message, or tweet, about a particularly robust corn crop.




“If I was @zjhunn or @cornfedfarmer I would be smiling, best corn iv seen is their area!”
What may have seemed like a passing compliment turned into a $200,000 profit. 

The harvest belonged to brothers Zach and Brandon Hunnicutt—known on Twitter as “zjhunn” and “cornfedfarmer” respectively—fifth-generation south central Nebraska farmers who raise corn, soybeans, and popcorn on their 3,500 acres they share with their father and neighbor.
To Zach Hunnicutt, Haley’s tweet was a revelation. “We knew by that point that we weren’t going to have as high yield as we hoped for,” he said in a recent interview. “We knew that if ours might be the best out there,” he added, “that gave us the confidence to maybe hold out a little bit—for prices to go higher.”
Trading on Twitter - A CNBC ReportCNBC Trading on Twitter - See Complete Coverage
Corn prices, in fact, spiked nearly 50 percent between Haley’s tweet and the end of the year. By the time the Hunnicutts sold their corn in December, they were able to lock in an additional $1 per bushel, Zach Hunnicutt estimates—generating another 20 percent, or $200,000 or so, in profits. And about half of last year’s corn harvest is still in storage.

The back-and-forth between the Hunnicutts and Haley, a grain and cattle farmer in West Salem, Ohio, is part and parcel of the way in which Twitter is revolutionizing agriculture markets in the U.S.
Once a convenient outlet for boredom on the tractor, tweeting with fellow farmers has become a way for the participants in a far-flung and isolating business to compare notes on everything from weather conditions to new fertilizers. And now, commodities brokers and traders are paying close attention.
“A lot of time farmers are talking to other farmers and I’m sitting there listening,” says Thomas Elwood, aka @cornbroker, who trades corn and other grains on the floor of the Chicago Mercantile Exchange. “Twitter is kind of like a big coffee house,” he said.

To grains traders looking for any kind of edge in the markets, Twitter has become a game-changer. Whereas agricultural brokers and traders once spent hours conducting telephone surveys with farmers or embarking on so-called windshield surveys, in which they drove down Interstate 80 during harvest season to eyeball crops, they can now gather real-time updates on planting intentions and yields on Twitter. 

About a year and a half ago, Tom Grisafi, who trades commodities from his basement office, put up a screen dedicated solely to Twitter feeds in his Valparaiso, Indiana home—right next to the more traditional screens showing corn and other grain prices. Six months later, he asked an analyst to monitor it regularly.
Grisafi, known as @IndianaGrainCo on Twitter, says he tweets with at least 15 farmers on a regular basis to check on crop conditions. “They’re really good about getting back to me on how much rainfall they received, what crops they’re planting, how the weather is,” he said.
Given that weather can vary dramatically across a given region, he says Twitter is particularly helpful in discerning where, for instance, a rainfall has been hardest.

Launched in 2006, the closely-held Twitter now boasts more than 200 million accounts and typically posts more than 130 million unique messages per day. The company’s of-the-moment tweets are now being used to track a multitude of trends, from potential box-office results to flu outbreaks.
But Twitter spokesman Matt Graves said the commodities market chatter and other projects aren’t the company’s focus. “We’re aware of that stuff,” he said in a phone conversation, “but we’re just about providing a platform where people can connect.”

Bank of America Profit Forecast Boosts Stock, Market

"We are still eating large costs," Chief Executive Brian Moynihan said on Tuesday at the bank's first investor day since 2007. could have high expenses for the next two years as it wrestles with mortgage losses, but longer term it hopes for pretax profit of some $40 billion annually, its chief executive said.


The profit forecast was higher than some investors had expected, and Bank of America's [BAC  14.64    0.61  (+4.35%)   ] shares rose 3.9 percent to $14.58 in morning trading.
The bank lost more than $1.3 billion before taxes in 2010 and is still suffering from losses on mortgages made during the height of the mortgage boom.
"We are still eating large costs," Chief Executive Brian Moynihan said on Tuesday at the bank's first investor day since 2007.
But in a few years, those costs will fade, and the bank should be able to make $35 billion to $40 billion of pretax profit a year, he said.
Moynihan's comments show how hard it will be for the largest U.S. bank to improve its performance over the next few years. A standard lever for improving profitability — cutting costs — will be difficult.
The bank does not expect to boost its assets in the next five years, Moynihan said. Asset growth is another way that banks boost profits.
Moynihan said he is not interested in major acquisitions. Bank of America was built through a series of acquisitions over decades. In 2008, then CEO Kenneth Lewis acquired Countrywide Financial, boosting the bank's mortgage assets just as the financial crisis was intensifying.
Moynihan, 51, took over as CEO from Lewis in January 2010 and is trying to restore the bank to consistent profitability.
Formula for Profitability?
Moynihan is pushing employees to sell more products to the bank's existing customers. The bank also hopes to grow by offering more services to customers outside the United States. 

Bank of America reiterated plans to raise its dividend in the second half of 2011 pending regulatory approval, which also cheered investors. "No acquisitions, a dividend increase, cost reductions — sounds like a formula for a more profitable bank," said Marshall Front, chairman and chief investment officer at Front Barnett Associates in Chicago. Front Barnett owns Bank of America shares.
Moynihan spoke to an audience of about 300 investors and analysts in the Plaza Hotel ballroom. Applause was muted when he took stage and when he exited.

Bank of America's assets averaged $2.44 trillion in 2010, ending the year at $2.26 trillion.
Moynihan said the bank's efficiency ratio — expenses relative to operating revenue — is too high. It was 62 percent in 2010. Long term, he hopes to get it down to 55 percent or lower. From 2004 through 2007, Bank of America's efficiency ratio averaged closer to 50 percent.
Moynihan said he hopes to drive the ratio "as low as it can go" before it impacts how the business is run.

Mulally and Bill Ford Collect $100 Million Pay Package

As I walked to catch my train this morning I heard the first comment: "$100 million for the guys running Ford [F  14.4885    0.4785  (+3.42%)   ]? Are you kidding me?"
Alan Mullaly


I wasn't surprised to hear it since the people who see me on the way to the office often have a comment on what's happening in the auto industry.
And I figured someone would have a thought or two to share about the pay package just announced for Ford Chairman Bill Ford and CEO Alan Mulally.
Officially, the Ford board awarded Mulally $56 million (before taxes) in Ford shares and Bill Ford $42.4 million (before taxes) in Ford shares.
Together, it is one of the richest pay packages ever given top executives in the auto industry.
Too much?
Depends on who you ask. If you ask Ford workers who have seen Mulally steer Ford back from the brink of bankruptcy, they probably won't grouse too much. Nor will we hear much from many Ford investors who have seen Ford shares go from $1.56 to more than $14 a share. Ford dealers? I doubt it. Their dealerships are raking in cash with one of the strongest line-ups around. 

So who will blast the Ford board for rewarding Mulally and Ford with tens of millions? Mainly the average American who doesn't follow the company closely. Most will not realize that Bill Ford deferred compensation when the company was losing money. Nor will many of the Ford critics ask themselves this question: where would Ford be if Alan Mulally were never picked to run the company?
Would Ford have survived the auto meltdown? 

Would it have climbed back into second place in the U.S. Auto market?
Would Ford have a line-up of cars that is no longer a punch line for the poor souls driving one?
We'll never know. But consider this. Almost every time a company sacks its CEO and starts looking for a new man to run the company, you hear the same thing, "We need to hire an 'Alan Mulally type' who will take us to the top." And for many fortune 500 companies, they would gladly pay $40 or $50 million if they knew the company would rebound as Ford has under Mulally.

Libya Rebel Gives Gaddafi 72 Hours to Quit

Muammar GaddafiRebels will not pursue Libyan leader Muammar Gaddafi over crimes they say he has committed if he steps down from his post in the next 72 hours, the head of the rebel National Libyan Council said on Tuesday.

"If he leaves Libya immediately, during 72 hours, and stops the bombardment, we as Libyans will step back from pursuing him for crimes," Mustafa Abdel Jalil, an ex-justice minister, told Al Jazeera television by telephone. He said the deadline would not be extended beyond 72 hours.
The council is based in the eastern Libyan city of Benghazi.
Earlier Tuesday, a rebel spokesman said a representative of Muammar Gaddafi offered talks on the Libyan leader's exit but that the council rejected any negotiations with a leader they do not trust.
"I confirm that we received contact from a Gaddafi representative seeking to negotiate Gaddafi's exit. We rejected this. We are not negotiating with someone who spilled Libyan blood and continues to do so. Why would we trust the guy today?" a media officer for the council, Mustafa Gheriani, told Reuters.
The Libyan government has denied holding talks with rebels, Al Arabiya television reported later. Al Arabiya did not give details or a source of its initial report.
But it then quoted a Libyan Foreign Ministry spokesman as saying the accusations of the Libyan National Council, an interim body set up by rebels, did not deserve a response.
Meanwhile, government forces attacked rebels with rockets, tanks and warplanes on western and eastern fronts, intensifying their offensive to crush the revolt against Gaddafi. 

Rising casualties and the threats of hunger and a refugee crisis increased pressure on foreign governments to act, but they struggled to agree a strategy for dealing with the turmoil, many fearful of moving from sanctions alone to military action.
In besieged Zawiyah, the closest rebel-held city to Tripoli, trapped residents cowered from the onslaught on Tuesday. 

"Fighting is still going on now. Gaddafi's forces are using tanks. There are also sporadic air strikes ... they could not reach the center of the town which is still in the control of the revolutionaries," a resident called Ibrahim said by phone.
In the east, much of which is under rebel control, warplanes bombed rebel positions around the oil port of Ras Lanuf.
Rebel euphoria seemed to have dimmed. "People are dying out there. Gaddafi's forces have rockets and tanks," Abdel Salem Mohamed, 21, told Reuters near Ras Lanuf. "You see this? This is no good," he said of his light machinegun.
Britain and France led a drive at the United Nations for a no-fly zone over Libya which would prevent Gaddafi from unleashing air raids or from flying in reinforcements. The Arab League and several Gulf states have also called for such a step.
"It is unacceptable that Colonel Gaddafi unleashes so much violence on his own people and we are all gravely concerned about what would happen if he were to try to do that on an even greater basis," British Foreign Secretary William Hague said.
Russia and China, who have veto power in the U.N. Security Council, are cool towards the idea of a no-fly zone.
The U.S. government, whose interventions in Iraq and Afghanistan enraged many of the world's Muslims, said it was weighing up military options and that action should be taken only with international backing.

Bank of America Profit Forecast Boosts Stock, Market

"We are still eating large costs," Chief Executive Brian Moynihan said on Tuesday at the bank's first investor day since 2007. could have high expenses for the next two years as it wrestles with mortgage losses, but longer term it hopes for pretax profit of some $40 billion annually, its chief executive said.

The profit forecast was higher than some investors had expected, and Bank of America's [BAC  14.63    0.60  (+4.28%)   ] shares rose 3.9 percent to $14.58 in morning trading.
The bank lost more than $1.3 billion before taxes in 2010 and is still suffering from losses on mortgages made during the height of the mortgage boom.
"We are still eating large costs," Chief Executive Brian Moynihan said on Tuesday at the bank's first investor day since 2007.
But in a few years, those costs will fade, and the bank should be able to make $35 billion to $40 billion of pretax profit a year, he said.
Moynihan's comments show how hard it will be for the largest U.S. bank to improve its performance over the next few years. A standard lever for improving profitability — cutting costs — will be difficult.
The bank does not expect to boost its assets in the next five years, Moynihan said. Asset growth is another way that banks boost profits.
Moynihan said he is not interested in major acquisitions. Bank of America was built through a series of acquisitions over decades. In 2008, then CEO Kenneth Lewis acquired Countrywide Financial, boosting the bank's mortgage assets just as the financial crisis was intensifying.
Moynihan, 51, took over as CEO from Lewis in January 2010 and is trying to restore the bank to consistent profitability.
Formula for Profitability?
Moynihan is pushing employees to sell more products to the bank's existing customers. The bank also hopes to grow by offering more services to customers outside the United States. 

Bank of America reiterated plans to raise its dividend in the second half of 2011 pending regulatory approval, which also cheered investors. "No acquisitions, a dividend increase, cost reductions — sounds like a formula for a more profitable bank," said Marshall Front, chairman and chief investment officer at Front Barnett Associates in Chicago. Front Barnett owns Bank of America shares.
Moynihan spoke to an audience of about 300 investors and analysts in the Plaza Hotel ballroom. Applause was muted when he took stage and when he exited. 

Bank of America's assets averaged $2.44 trillion in 2010, ending the year at $2.26 trillion.
Moynihan said the bank's efficiency ratio — expenses relative to operating revenue — is too high. It was 62 percent in 2010. Long term, he hopes to get it down to 55 percent or lower. From 2004 through 2007, Bank of America's efficiency ratio averaged closer to 50 percent.
Moynihan said he hopes to drive the ratio "as low as it can go" before it impacts how the business is run.

Ratkyat ingin presiden mundur: yaman

Demonstran kembali serukan berakhirnya pemerintahan Presiden Ali Abdullah Saleh yang telah berkuasa 32 tahun. 10.000 demonstran berunjuk rasa di Dhamar. kota yang dahulu loyal mendukung Saleh dan juga kota kelahiran Perdana Menteri, Menteri Dalam Negeri, dan Pimpinan Mahkamah Agung.
"Pergi! Pergi!" teriak demonstran, hanya dua hari setelah pendukung Saleh gelar unjuk rasa untuk mendukung pemerintah yang berkuasa kini. Protes telah meraja lela di Semenanjung Arab, dan sebagian pendukung Saleh dan pimpinan suku setempat juga membelot; ini semakin menambahkan tekanan bagi Saleh untuk mundur, tapi Presiden Yaman tetap teguh akan pertahankan kekuasaan hingga akhir masa jabatan pada tahun 2013.
Pengunjuk rasa di Dhamar melempari kantor pemerintahan dengan batu dan kini bersikeras tidak akan bubar hingga Saleh jatuh. Di ibukota Yaman, Sanaa, ribuan pengunjuk rasa telah berkemah selama berminggu-minggu; kendaraan militer dengan tentara bersenjata tersebar di jalan-jalan setelah aktivis serukan gerakan dekati istana presiden.

Pesanan Manufaktur Jerman Naik

Pesanan manufaktur Jerman meningkat 2,9% di Januari, lebih tinggi dari prediksi penurunan 2,5% dan publikasi sebelumnya minus 3,6%. Ini merupakan sinya tambahan betapa tangguhnya ekonomi Jerman meskipun kawasan Eropa sedang dilanda krisis utang. Kenaikan Januari dipimpin oleh pengingkatan pesanan domestik sebanyak 4,5%, dan pesanan asing 1,6%. Pesanan dari zona-euro juga naik 2,3%, tanda berlanjutnya pemulihan ekonomi regional. Euro berusaha redam penurunan setelah data dirilis.

“Ada permintaan domestik yang kuat, terutama untuk barang intermedier. Tingginya pesanan berarti akan lebih bagusnya performa industri dalam beberapa bulan mendatang,” ungkap kementerian ekonomi yang merilis data. "Meskipun terlihat fluktuasi data dalam beberapa bulan terakhir, tren pesanan manufaktur masih naik."

Weber: Pemulihan Jerman Terus Berlanjut

Presiden Bundesbank Axel Weber mengatakan pemulihan “kuat” ekonomi Jerman masih akan berlanjut tahun ini seiring meningkatnya investasi perusahaan guna memenuhi permintaan ekspor, ditambah turunnya tingkat pengangguran yang akan mendorong belanja konsumen.
"Siklus pemulihan yang kuat masih akan terus berlanjut pada 2011, meskipun pada kecepatan yang sedikit lebih lambat," kata Weber dalam sebuah pernyataan hari ini. Kebutuhan perusahaan atas mesin dan peralatan meningkatkan lebih lanjut, meskipun tingkat inflasi juga menjadi lebih cepat. "Konsumsi sektor swasta juga diperkirakan meningkat di tengah perkembangan positif pasar tenaga kerja," kata Weber.
 
Weber menunjuk data bulan lalu dimana Bundesbank telah menaikkan target pertumbuhan 2011 menjadi 2,5% dari sebelumnya 2%. Perekonomian terbesar di Eropa tersebut juga berekspansi pada level rekor 3,6% sepanjang tahun 2010. Kepercayaan bisnis Jerman melonjak ke rekor tertinggi pada bulan lalu dan tingkat pengangguran turun ke level terendah dalam hampir 2 dekade.
 
"Tingkat kepercayaan yang sangat tinggi dari sebagian perusahaan-perusahaan terhadap masa depan mengindikasikan bahwa pertumbuhan kekuatan domestik akan memainkan peran yang lebih besar," tambahnya.

Pemerintah Perancis Tidak Ubah Proyeksi GDP

Bank sentral Perancis hari Selasa menahan forecast pertumbuhan ekonomi pada 0,8% untuk kuartal I 2011. Level tersebut merupakan yang tertinggi sejak Perancis kelluar dari tekanan resesi awal 2009.

Perekonomian Perancis berkembang 1,5% pada 2010 lalu. Rasio ini kurang dari separuh GDP yang dibukukan oleh Jerman pada periode yang sama. Secara tahunan, pemerintah memproyeksikan laju pertumbuhan 2011 sebesar 2.0%.

OPEC Desak Kenaikan Produksi

Para anggota OPEC yang berpengaruh di organisasi tersebut, bersama Arab Saudi, bergerak untuk menaikkan produksi guna meredam lonjakan harga dan meredakan menipisnya persediaan di negara-negara barat.
Pergerakan dibalik layar yang digawangi oleh negara-negara Liga Arab dan Nigeria menggambarkan tumbuhnya ketidaknyamanan para anggota OPEC terhadap ancaman pemulihan ekonomi global dari kenaikan harga minyak mentah ditengah memburuknya ketegangan di Libya.
Harga minyak mentah naik ke level tertingginya sejak September 2008 hari Senin (kemarin), diperdagangan di level tinggi hariannya di $106.95 per barel.

Inggris, Perancis Ingin Zona Larangan Terbang di Libya

Inggris dan Prancis lakukan lobi di PBB untuk tetapkan zona larangan terbang di Libya setelah pesawat tempur Muammar Gaddafi serang pemberontak. Utusan PBB katakan satu juta orang butuhkan bantuan segera. Warga sipil dikelilingi pasukan yang setia kepada Gaddafi di dua kota, Misrata dan Zawiyah; di wilayah timur, pesawat serang fasilitas minyak yang dikuasai pemberontak Ras Lanuf. Televisi Al Jazeera laporkan pemberontak menolak tawaran Gaddafi untuk negosiasi kesepakatan sebelum mengundurkan diri sebagai pimpinan Libya.

Menteri Luar Negeri Inggris William Hague katakan terus bekerja erat dengan mitranya untuk sepakati resolusi zona larangan terbang; indikasi adanya dukungan regional terhadap pemberontak. Nara sumber Reuters juga beritahukan Perancis tengah bekerja sama dengan mitranya untuk ajukan zona larangan terbang. Negara di Teluk telah serukan zona larangan terbang dan desak dilangsungkannya pertemuan Liga Arab.

Sementara itu, minyak kembali coba dekati level tinggi 2 ½ tahun seiring investor cemaskan berlarutnya peperangan saudara di Libya. Jika zona larangan terbang diberlakukan maka negara anggota PBB akan mulai serangan udara untuk membantu pemberontak di Libya. Di lain pihak, Qaddafi belum kerahkan seluruh pasukan demi bersiap hadapi invasi asing, menurut pernyataan Saadi, anak Muammar Qaddafi

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Stress Test Tidak Hasilkan Apapun?

Stress test yang dilakukan Uni Eropa (EU) terhadap institusi perbankan menuai kritikan dari berbagai pihak. Hans-Werner Sinn, kepala sebuah perusahaan riset finansial Jerman, menilai pengujian ini sia-sia dan tidak akan mampu membuka komponen pinjaman bank yang rentan default.

"Hasil tes yang akurat bisa memperlihatkan ketidakmampuan bank dalam mengelola beban hutang dalam jumlah besar," tutur Kepala IFO Munich tersebut. Hal ini terjadi karena EU hanya mensyaratkan perbankan untuk membuka nilai nominal instrumen hutangnya, bukan nilai pasar yang lebih rendah. Termasuk di dalamnya adalah obligasi pemerintah Yunani yang sedang diperdagangkan 70% lebih rendah dari nilai nominalnya. "Stress test yang baru akan sama buruknya dengan pengujian terdahulu," tegasnya.

Uji perbankan bertujuan untuk mengukur daya tahan bank-bank di EU untuk bertahan jika resesi ekonomi kembali menerjang kawasan. Pihak pelaksana, European Banking Authority, sedang mempersiapkan rangkaian tes tersebut. Hans-Werner Sinn menyerukan para pemerintah untuk menaikkan rasio ekuitas setidaknya menjadi 8% agar sistem finansial bisa lebih kebal guncangan.

Tahun lalu, hanya 7  dari 91 bank dinyatakan gagal menempuh pengujian ini. Bank dari Irlandia bahkan dinyatakan lulus, padahal beberapa bulan kemudian pemerintah memasukkan bank tersebut dalam daftar bail out internasional.

Demonstran Ingin Presiden Yaman Mundur

Demonstran kembali serukan berakhirnya pemerintahan Presiden Ali Abdullah Saleh yang telah berkuasa 32 tahun. 10.000 demonstran berunjuk rasa di Dhamar. kota yang dahulu loyal mendukung Saleh dan juga kota kelahiran Perdana Menteri, Menteri Dalam Negeri, dan Pimpinan Mahkamah Agung.
"Pergi! Pergi!" teriak demonstran, hanya dua hari setelah pendukung Saleh gelar unjuk rasa untuk mendukung pemerintah yang berkuasa kini. Protes telah meraja lela di Semenanjung Arab, dan sebagian pendukung Saleh dan pimpinan suku setempat juga membelot; ini semakin menambahkan tekanan bagi Saleh untuk mundur, tapi Presiden Yaman tetap teguh akan pertahankan kekuasaan hingga akhir masa jabatan pada tahun 2013.
Pengunjuk rasa di Dhamar melempari kantor pemerintahan dengan batu dan kini bersikeras tidak akan bubar hingga Saleh jatuh. Di ibukota Yaman, Sanaa, ribuan pengunjuk rasa telah berkemah selama berminggu-minggu; kendaraan militer dengan tentara bersenjata tersebar di jalan-jalan setelah aktivis serukan gerakan dekati istana presiden.