A round of worrying headlines from Europe knocked foreign markets and U.S. stock-index futures modestly into negative territory.
As of 9:00 a.m. ET, as quoted by foxbusiness.com, Dow Jones Industrial Average futures fell 26 points to 12364, S&P 500 futures slipped 3.3 points to 1283 and Nasdaq 100 futures dipped 3.5 points to 2360.
There are few U.S. economic reports on tap for Wednesday morning, meaning traders are paying close attention to developments from Europe.
Germany's economy, Europe's biggest, expanded at a pace of 3% last year, slower than the 3.7% pace it grew at the year prior, according to preliminary data from Federal Statistics Office. The country's economy also contracted by a quarter percent in the final quarter of 2011 as it struggled to counteract headwinds caused by the euro zone's debt crisis.
How about Indonesia stock market? Bisnis Indonesia provides recommendations today:
Jakarta Composite Index (JCI) may move within the range of 3,868-3,941. Yesterday, the JCI fell. But, it was closed above the closest support level at 3,907.
The JCI today tends to lower today. Investor is waiting for the result of Bank Indonesia's meeting. The JCI is predicted to move in the range of 3,885-3,930. The index drop yesterday was propelled by profit taking on blue chip stocks.
The JCI may move in mixed position within the range of 3,870-3,930. Bank Indonesia today is scheduled to have a meeting to decide a key interest rate. Several stocks for day trading: SMGR, TINS, SMCB, and ROTI.
Minna Padi Investama:
The index may move within the range of 3,866-3,954. In the short term, there is a trading opportunity for mining stocks. Several stocks to watch: PTBA, BUMI, and BMRI.
Disclosure: No position at the stock mentioned above.
Print This Article