Announcement of the banking sector stabilization plan by the U.S. Menkeu Timothy Geithner disappointing investors. They are now hunting up to the U.S. dollar and yen, which is considered as the most secure investment. Regional currencies also fell.

Geitner has announced the financial system stabilization program including U.S. $ 500 billion to absorb assets jammed. Also, efforts to increase consumer credit, restrictions on home foreclosure and provide capital for new banks.

"But that step in the forex market is considered to disappoint investors, the lack of detail and they are skeptical about the effectiveness of involving the private sector," said Kathy Lien, analyst from Global Forex Trading as quoted from the AFP, Wednesday (11/2/2009).

On the trade market in Singapore, U.S. dollars are recorded menguat on a number of regional currencies and the euro. Euro single currency was declining to 1.2873 dollars from 1.2910 in the position previously. While the yen also be hunting. U.S. dollar was weakened to 90.35 yen, from 90.44 yen in the previous. The rupiah was also weakened to 11,850 per U.S. dollar.

Deputy Governor Budi Mulya said, the currency in the emerging markets including the rupiah is now currently experiencing impairment.

"Today is when we see the currency not only in emerging rupiah, it's all a jitter bearish. Because what happens in the United States. Seoptimis market is not be a stimulus to the rescue of the value of U.S. $ 838 billion will be approved. But associated with the recovery package the financial sector, which is not yet clear kejelasannya details, so the market thinks there is another so that flight to quality, "Budi dust in the parliament building.

Top dollar is weakening, as usual, BI will always be asserted in the market and seek to minimize volatilitas.

"BI is always there. The BI is always in the market, and minimize volatilitas find that this is because the business and calculation," pungkas Budi.

Announcement of the banking sector stabilization plan by the U.S. Menkeu Timothy Geithner disappointing investors. They are now hunting up to the U.S. dollar and yen, which is considered as the most secure investment. Regional currencies also fell.

Geitner has announced the financial system stabilization program including U.S. $ 500 billion to absorb assets jammed. Also, efforts to increase consumer credit, restrictions on home foreclosure and provide capital for new banks.

"But that step in the forex market is considered to disappoint investors, the lack of detail and they are skeptical about the effectiveness of involving the private sector," said Kathy Lien, analyst from Global Forex Trading as quoted from the AFP, Wednesday (11/2/2009).

On the trade market in Singapore, U.S. dollars are recorded menguat on a number of regional currencies and the euro. Euro single currency was declining to 1.2873 dollars from 1.2910 in the position previously. While the yen also be hunting. U.S. dollar was weakened to 90.35 yen, from 90.44 yen in the previous. The rupiah was also weakened to 11,850 per U.S. dollar.

Deputy Governor Budi Mulya said, the currency in the emerging markets including the rupiah is now currently experiencing impairment.

"Today is when we see the currency not only in emerging rupiah, it's all a jitter bearish. Because what happens in the United States. Seoptimis market is not be a stimulus to the rescue of the value of U.S. $ 838 billion will be approved. But associated with the recovery package the financial sector, which is not yet clear kejelasannya details, so the market thinks there is another so that flight to quality, "Budi dust in the parliament building.

Top dollar is weakening, as usual, BI will always be asserted in the market and seek to minimize volatilitas.

"BI is always there. The BI is always in the market, and minimize volatilitas find that this is because the business and calculation," pungkas Budi.

Shares closed down again in the global red zone today, Nikkei -4.92% (Japanese bond rose to the highest level since September), Hang Seng -3.37% (a concern to investors, HSBC operations, the dividend will be reduced and the need for injections fresh funds), and Strait Times -3.25%. 

A lot of sentiment that the stock looks spiritless today as the decline in oil prices, Australia's unemployment data, sales machine Japan retail sales and the sluggish U.S.. 

JCI own closed weakened 43 points to 1343 levels (-3.13%) with a trading value of Rp 1.46 trillion. Consumer sector (+0.26%) is the only sector which both closed, while the mining sector (-4.53%) and infrastructure (-4.68%) are the two sectors that contribute most to the drop in the index. 

Since the establishment of the first session, the index is always in the red zone. Reopened until the transaction is also the second trading session, the index is not a lot of changes, indek had touched the highest level in 1358. AMRT (Alfa Mart), which just opened this week listing in the level and Rp400 level had increased to Rp 420, but the closing session on the second level in the closed Rp395 (stagnant). 

BUMI While yesterday was a record trading value of Rp 925 billion closed again weakened auto rejection level to 425 with trading value of Rp 57 billion. Some blue chip stocks closed good today is UNVR (+1.87%), PNBN (+1.75%), and LPKR (+1.2%).

Until the end of 2009, BI rate can be predicted until the level of 7 to 7.5% in the middle of a decrease in inflation due to a decrease in various commodity prices and oil prices. 

This is said by the head of Danareksa Research Purbaya Yudhi sadewa in the event one day seminar "Economic Outlook Banking & Property: In the Middle Heavy Global Financial Crisis" at Menara BTN, Jakarta, Wednesday (14/1/2009). 

"At present we do not need to fear inflation because the price of fuel is down, food down, a lot of rice, so this year's inflation can be 6% or slightly lower," he said. 

The government in 2009 estimated the rate of inflation will be down 6.2% from 11.06% inflation in 2008. Meanwhile, Bank Indonesia's inflation rate is estimated at 6 plus minus 1% in 2009. 

"Theoretically with inflation such BI Rate can go down to 7-7,5% level. If they (BI) BI Rate can dare 7% if they do not dare to be 7.5%," he said. 

In addition, for economic growth in 2009 is still able to reach 5% or are in the government's target range of 4,5-5%. 

"If the stimulus can be run well and the interest rate can be pressed to lower the 5% economic growth is not something difficult to achieve. So it is good both for the economic impact," his him.

The decline BI Rate still should be able to continue until the level of 7.5%. This is following the trend in almost all the world who troop down the interest rate reference. 
  
This is said in the Knowledge Sharing Aviliania PT Permodalan Nasional Madani with the theme of Economic Up date View Over 2008 - Outlook 2009, Impact and Strategies for MSMEs and Cooperatives, in Arthaloka Building, Jalan Jenderal Sudirman, Jakarta, Friday (9/1/2009) . 
  
"If other countries the interest rate central banks even have a zero per cent. The other countries sharia while we are still capitalist. So, BI is still possible BI Rate down 7.5 percent," said Aviliani. 
  
According Aviliani, economic conditions, social, political and Indonesia at this time to support the decline in BI Rate to 7.5% level. Especially for the political situation, India can be relatively better than other Asian countries. 

"From Indonesia's most politically secure than other countries such as Malaysia, Taiwan and Filiphina. Banking is also safer because we do not have the bailout," said Independent BRI this. 
  
Meanwhile, Commissioner of PT PNM Hermanto Siregar also states fall BI Rate 50 basis to be 8.75% is still far from ideal. Hermanto expectations even lower again, that is 7%. 

"Ideally, and 7 percent actually penurunannya already started in October 2008 revealed that for the sudden will not influence," said vice-Rector of this IPB. 
  
Hermanto add to the BI rate 7%, and a number one digit inflation, he is optimistic the economic growth can be targeted to what the government this year is 5%. 

"Projected growth of 5.5% still can still be achieved," he said. 
  
Achievement, the supplement should also be supported Hermanto consumption growth 5.4% and 3.4% investment. "And imports are lower than export," he said

Joint Stock Price Index (IHSG) have two days in succession in this weekend impairment. IHSG will try to reduce the pressure that is sharp. 

One of the factors that can reduce the pressure on the trade IHSG Wednesday (19/11/2008) Rebound is what happened in Wall Street. 

In trading Tuesday (18/11/2008), Dow Jones index appreciated 151.17 points (1.83%) to a level of 8424.75, the Standard & Poor's 500 appreciated thin 8.37 points (0.98%) to a level of 859 , 12 and the Nasdaq stronger thin only 1.22 points (0008%) to a level of 1483.27. 

Although churn was sharp, shares in the Wall Street Rebound can be no announcement after Hewlett-Packard (HP), which recorded good performance, muted the negative sentiment from Citigroup are exhausted. 

While the stock market opening in Japan on Wednesday morning is relatively flat with only terkoreksi thin 0.09 points or 7.79 points to 8320.62 position. 

Market in the country, will utilize the action of selective buying shares that the price is below.Movement of rupiah and Bakrie stock sentiment will also be coloring IHSG movement. 

In the closing trading stock on Tuesday yesterday (18/11/2008) IHSG anjlok 47,071 points (3.81%) to 1189.862. 

The following recommendations shares of the company's securities. 

Optima Securities 

Index back into terkoreksi 47 points to 1189 as Asian stock Hang Seng and Nikkei -4.5% -2.2%.IHSG approaching the lowest point in October and in the level of 1089. All the technical indicators are still giving bearish signal has not been any signs of reversal in the short term. Impairment still further potential return movement, with a range 1.120-1.230. 

Panin Securities 

In trading yesterday, IHSG -3.81% slump following the regional movement of stock, which is negative following the recession that occurred in Japan, and several other countries. As Japan and Singapore are the two main trade partner of Indonesia. Suffered recessionary effects of the country, will threaten the automated export performance and economic growth. Global investors are still awaiting quarterly GDP growth rate 3 of the few large countries, such as the United States which will be announced next week. 

In addition to regional factors, anjloknya value of the rupiah also be negative sentiment for the market. Along with the lack of positive sentiment, today we estimate for the foreseeable future IHSG will still be moving toward weakening support in 1106.