Stock markets in Asia on Thursday (16/08/2012) moved higher this morning as rising oil prices and China, which indicates a slowing of economic stimulus in order to respond to inflation.
Towards the holidays, Composite Stock Price Index is expected to move horizontally.
This morning oil rebounded 0.11 percent to 94.43 dollars per barrel. According to research Samuel Securities Indonesia, JCI today estimated to potentially moving horizontally with a tendency to strengthen the resistance in 4155.
The transaction also is expected to be relatively small as long Eid holiday which starts tomorrow until August 22, 2012. U.S.
Stock moves horizontally and re-closed flat as lack of positive sentiment that can affect the movement of the index.
A number of U.S. data yesterday also varied, with weak inflation in July in which only grew 1.4 percent over the same period last year (YoY) below the estimated 1.6 percent. While the positive data coming from industrial production rose 0.6 percent better than the estimated 0.5 percent.
While the majority of European markets closed lower yesterday thin, though the UK unemployment data improved as a result of the Olympics. However, oil prices have risen 0.96 percent yesterday, after U.S. oil inventories fell to the lowest level in four months.
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