Update Weekly Investment News

Indonesian Stocks Rise, Index Touches Record High on Earnings
(Bloomberg) -- Indonesia’s benchmark stock index, Southeast Asia’s best performing market this year, touched a record high on expectations faster economic growth and record- low interest rates will boost earnings.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZK1D1xuh8pQ

Bumi 2009 Net Income Drops to $190.5 Million on One-Time Charge
April 3 (Bloomberg) -- PT Bumi Resources said 2009 net income fell to $190.5 million after posting a $275 million charge on deferred stripping expenses.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ahx8lL.cFu.0

Gas Negara 2009 Net Income Jumps Tenfold on Sales, Forex Gain
(Bloomberg) -- PT Perusahaan Gas Negara said 2009 net income jumped almost tenfold to 6.2 trillion rupiah from 633.9 billion rupiah a year earlier as sales increased and after posting a foreign exchange gain.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ai5Kec_xO1wI

Indonesia to Ease Property, Foreign Investment Rules
(Bloomberg) -- Indonesia will allow foreigners to buy property in the country and own bigger stakes in health-care companies as it completes a review of investment rules, the country’s investment coordination agency said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aufDjZiHlrXU

Indonesia Inflation Slows, Central Bank May Hold Rate
(Bloomberg) -- Indonesia’s inflation slowed last month, giving the central bank room to refrain from raising interest rates when it meets next week.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=apiFvHJKymaM

Service Industries Probably Accelerated: U.S. Economy Preview
(Bloomberg) -- Service industries probably expanded in March at the fastest pace since 2007, a sign the U.S. recovery is broadening as the job market turns around, economists said before reports this week.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aM_P4Lp6fURQ&pos=3

Greenspan Says ‘Momentum Building Up’ in U.S. Economy
Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said there is “a momentum building up” in the U.S. economy and the odds of it faltering have “fallen very significantly.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=aM4Pqh5KFHVs&pos=5


Job growth on the market's mind after long weekend
http://www.marketwatch.com/story/payrolls-on-the-markets-mind-after-long-weekend-2010-04-03
http://www.marketwatch.com/video/asset/us-week-ahead-quiet-before-earnings-storm-2010-04-02/22F1F02E-0846-48A5-A063-8204BF37D97C

Nikkei 225 to Extend Rally on Elliott Wave: Technical Analysis
(Bloomberg) -- Japan’s Nikkei 225 Stock Average, the world’s most expensive developed-market benchmark gauge, may rise to 12,000, according to an “Elliott Wave” analysis by MF Global Holdings Ltd.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aF88oQ_ksGNc


Korea, Taiwan, Russian Markets May Advance Most, Barron’s Says
(Bloomberg) -- Emerging-market investors should consider putting their money into stocks of South Korean, Taiwanese, Turkish or Russian companies as the advance of some international markets slow, Barron’s reported.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXWOkg4HF5wc

Asian Currency Index May Rise 0.7% on Chart: Technical Analysis
(Bloomberg) -- An index of Asian currencies, trading at a 19-month high, may increase 0.7 percent by the end of April after rising beyond a key level, according to Mitsubishi UFJ Securities Co.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1xTrJpoZcEo

China H Share Breakout Raises ‘Bull Flags’: Technical Analysis
(Bloomberg) -- Chinese stocks traded in Hong Kong may be poised for gains of as much as 28 percent after a benchmark index yesterday staged a breakout from its resistance, according to CLSA Asia-Pacific Markets.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a38wG8wo3oKM

Dollar May Rise to 8-Month High Versus Yen: Technical Analysis
(Bloomberg) -- The dollar may extend gains versus Japan’s currency to reach an eight-month high of 95 yen, Bank of Tokyo-Mitsubishi UFJ Ltd. said, citing trading patterns.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=asKgMiaG8rmc

Market Outlook: Investor Focus Turns to US Consumer, Fed
Now that the March jobs report is out of the way, investors will be looking for the next points of focus and a big one will be the consumer.
http://www.cnbc.com/id/36152160

China’s Central Bank Sees Limited Rebound for Dollar
(Bloomberg) -- The People’s Bank of China said the U.S. dollar will have only a limited rebound in 2010 because of the nation’s high fiscal deficit and low interest rates.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2gveeN17wOo

Art Cashin: Why Bulls Continue to Lead Markets
According to the Labor Department, new jobless benefit claims dropped to a seasonally adjusted 439,000, marking the fourth drop in the last five weeks. Art Cashin, director of floor operations at UBS Financial Services shared his market outlook.
http://www.cnbc.com/id/36132869

Gold May Rise to $1,145, Commerzbank Says: Technical Analysis
March 31 (Bloomberg) -- Gold, heading for a sixth quarterly advance, may rise toward $1,135 to $1,145 an ounce, according to technical analysis by Commerzbank AG.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1qF0QeiGBaY

S&P 500 to Climb to 1,220 on Market Breadth: Technical Analysis
(Bloomberg) -- The Standard & Poor’s 500 Index may climb about 4 percent to the 1,220 level after sliding as much as 50 points, according to an indicator of market breadth, said Peter Beuttell, a technical analyst at MTS Research.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aAWvlExH8x_o

Global Economic Rebound: Week in Review
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aYaECZL7Epog

S&P 500 Stocks Biggest Weekly Changes in Analyst Target Price
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afRQ88XEV2cA

Europe IPOs Outpace U.S. by Most Since ’07 Stock Peak
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ad6W1p1Dk8jY

Don’t Expect Much From U.S. Stocks in Next Decade: Chart of Day
March 31 (Bloomberg) -- This quarter’s gains in U.S. stocks have made them so costly relative to earnings that returns for the next 10 years may be minimal, according to Dylan Grice, a strategist at Societe Generale.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aIpSCAvx7lzI

Gold May Gain as Improving Economy Spurs Demand, Survey Shows
(Bloomberg) -- Gold may gain as signs that the economy is improving boost demand for commodities such as the precious metal, a survey showed.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ajJBMTmUt.zI

Oil May Fall as U.S. Inventories Gain, Survey Shows
(Bloomberg) -- Crude oil may fall next week as U.S. inventories increase and fuel consumption declines, a Bloomberg News survey showed.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aWrtf00WdE6g

Commodities to Continue to Disappoint Investors: Chart of Day
April 1 (Bloomberg) -- Commodities, the worst performer among five asset classes in the first quarter, will continue to “struggle” as the dollar strengthens and China seeks to restrain growth, according to Deutsche Bank AG.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSs0KBLtJaQ0

Loonie May Return to Within Penny of Parity: Technical Analysis
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ahbn1fbWFlqE

Goldman Says Commodities May Witness ‘Violent Price Spikes’
(Bloomberg) -- Commodities are set for “violent price spikes” as constraints on investment in new supplies and emerging market demand lead to shortages, according to Goldman Sachs Group Inc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOMjkIVtKRU4

Energy Prices ‘Create a Floor’ for Palm Oil, LMC’s Fry Says
(Bloomberg) -- Palm oil is increasingly being supported by energy prices as demand for biofuels rises, James Fry, managing director of LMC International, said today.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=at4GF2_EMx1o

Schork Says Oil May Reach $110 by July, Destroying Demand
April 1 (Bloomberg) -- Stephen Schork, president of Schork Group Inc., said today that oil could reach $110 a barrel before July, prompting cutbacks by U.S. consumers.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=adxDS0Hi.yuU