JAKARTA (TheInsiderStories) - Here’s several news could affect stock market condition compiled by our team :
*Ministry of communications and Information Technology (Kemenkominfo) threatened to block Google services where the end of this year if do not pay taxes because it is considered illegal according to Article 4 paragraph 2 of the Regulation of the Minister (Candy) No.19 / 2014 on the Handling Negative Charged Internet site.
*At least 27 people died needlessly after an explosion at the fireworks market outside Mexico’s capital. The explosion has occurred in the market of fireworks San Pablito in Tultepec, about 20 miles north of Mexico City. According to a tweet from Mexican federal police, this incident also injured 70 others.
*Iran’s energy and infrastructure conglomerate MAPNA has signed a cooperation agreement with PT Perusahaan Listrik Negara, a major state-owned Indonesian electricity company, a report said. The Indonesian government signed a memorandum of understanding with MAPNA to further increase its energy cooperation with the Islamic Republic. The company is currently building the 3000 MW gas-fired Rumaila power plant in the holy city of Najaf, southern Iraq. MAPNA has carried out Operation & Maintenance services in Indonesia, particularly at Belawan power plant in northern Sumatra.
*Crude oil prices extended gains after an industry report showed a declined US crude stockpiles. West Texas Intermediate oil for February delivery traded at US$53.60 a barrel followed the January contract rose 11 cents to $52.23 a barrel on Tuesday. Meanwhile, Brent crude for February delivery rose 43 cents, or 0.8% to $55.35 a barrel on the ICE Futures Europe exchange based in London. As reported by Bloomberg, the American Petroleum Institute said that crude inventories slid 4.15 million barrels nationwide last week. While, Libya’s National Oil Corp said reopen refineries in Sharara and El-Feel and will help increase production by 175,000 barrels a day within a month and 270,000 in the next three months.
*The movement of coal prices rebounded in January contracts at the close of trading yesterday (20/12), amid reports a decline in production. The price of coal for the contract in January 2017, the most active contract on the exchange Rotterdam, closed rebounded 0.73% or 0.60 points points to US$82.40/MT after falling two consecutive trading days earlier.
*The price of gold fade over by emerging shrinking value of the US dollar and concerns over geopolitical events global. On Tuesday (20/12) at 17:37 GMT, gold prices fell 4.8 points, or 0.42% heading to US$1,133.41 per troy ounce. While Comex gold contract in February 2017 slipped 8.1 points or 0.71% to $1,134.6 per troy ounce. As for the selling price of Antam’s gold on Tuesday fall into Rp545.600 to Rp585.000 per gram. While the buyback price is set Rp488.000 per gram.