Euro Asian Oil trigger U.S. $ 70 Down Approach. Asian oil prices Monday (17 / 5) falls close to U.S. $ 70 per barrel triggered weakening of the euro to its lowest level in four years and the collapse of stock markets due to investor fears of European economic depreciation in the middle of the fiscal and debt crisis. AP reported, crude oil for June delivery fell U.S. $ 1.35 to U.S. $ 70.26 per barrel at midday in Singapore when electronic trading on the New York Mercantile Exchange. Friday was for a similar contract last week fell to U.S. $ 2.79, or nearly 4 percent to U.S. $ 71.61. Crude oil fell to its lowest level at U.S. $ 69.82, its lowest level since at U.S. $ 69.59 on 5 February.

Oil, which is priced in dollars, becomes more expensive for investors holding other currencies when the dollar strengthened. Euro falls to U.S. $ 1.2275 on Monday from U.S. $ 1.2352 on Friday while the dollar weakened to 91.88 yen from 92.30 yen. Asian stock markets also plunged Monday, and oil investors often refer to it as a sign of investor confidence in its entirety. "This is a sea of red out there," said Victor Shum, an energy analyst with consulting firm Purvin & Gertz consultancy in Singapore. "Attention to the Euro really affect the investors in the market."

Oil will remain under pressure over surging dollar. In other NYMEX trading, for a contract in June, heat oil fell 1.64 cent to U.S. $ 2.1155 per gallon, and gasoline fell 1.7 percent to U.S. $ 2.178 per gallon, natural gas fell 0.6 cent to U.S. $ 4.333 per 1,000 feet cubic. In London, Brent crude fell U.S. 1.57 U.S. dollars to U.S. 78.54 U.S. dollars on the ICE futures exchange

Mining Tax Receipts prices slide. Tax revenue from the mining sector until early May 2010 had fallen sharply. A decrease in taxes in the form of Income Tax (Income Tax) and Value Added Tax (VAT). According to Finance Minister (Finance Minister) Sri Mulyani Indrawati, there are sectors that tax revenues do not experience reinforcement, namely the mining sector. "This has been submitted to the Vice President and asked Mr. Minister (Economic) to view them. It's the VP had been conveyed to the cause of the low monitored tax and VAT on the mining sector," he said after meeting Finance Minister Macroeconomic developments in the Vice Presidential Palace in Jakarta, Friday (14 / 5).

He states, revenue from income tax from the beginning of the year from May 7 only reached Rp8, 8 trillion. In fact in the last year, corporate income from the mining sector in the same period reached Rp12, 4 trillion. VAT receipts from mining until May 7 only Rp1, 8 trillion. Whereas last year in the same period, the government get the VAT Rp6, 1 trillion.

Finance Minister to explain, in terms of state revenue until the first weekend in May 2010 reached Rp292, 9 billion (29.5 per cent of the target budget-P 2010). But, said the minister, when viewed in more detail than the tax revenue which in the first week may reach Rp201, 6 trillion (30.5 percent) still have to watch out. Although the number is almost the same in the last year of 30.9 percent.

Asian stock markets opened higher. Asian stocks rose for the first time in over a week ago has been much speculation emergency loan funds to guarantee debt countries outside Europe are expected to mengerus.

The MSCI Asia Pacific Index rose 0.6 percent to 119.07 at 09:49 in Tokyo, but more than twice as many stocks advanced decline. Six gauge's 10 industry groups rose. Futures on the Standard & Poor's 500 Index gained 2.1 percent.

EU finance ministers to move towards an agreement to create a € 440 billion ($ 570 billion each) are available for emergency loans to more than € 60 billion EU budget, according to three officials at the talks in Brussels. In addition, an unspecified number may come from the International Monetary Fund, officials said.

The Nikkei 225 Stock Average climbed 0.7 percent, South Korea's Kospi rose 1.1 percent and Australia's S & P / ASX 200 Index added 1.3 percent. S & P 500 fell 1.5 percent on May 7 after concerns that the debt crisis that plunged Europe worsened trigger damaging confidence in the financial trading mechanism.

The unemployment rate in the U.S. unexpectedly rose to 9.9 percent last month from 9.7 percent. This is projected to hold 9.7 percent. Payrolls in the U.S. increased in April by the most in four years, more than media estimates economists surveyed by Bloomberg News, after a revised increase of 230 000 in March.

Australian Stocks Fall 2.02 Percent. In trading on Friday (07/05/2010), the Australian Stock Exchange index fell 2.02 percent, amid fears the Greek crisis will spread to the rest of the world. Panic in the U.S. stock market, with the Dow Jones index plummeted 9 per cent even had time to recover, also influence the decision of Australian investors.

Conditions in Europe, has affected the markets then even worse, said Ben Potter, analyst at IG Markets said Friday. In the end, we'll talk about the deteriorating condition of the country, not just the company, complained Potter.

Australian investors are also affected by the statement of Prime Minister Kevin Rudd. I do not intend to give warning of this condition (market decline). But, we are following the developments closely, he said. N ilai Australian market has fallen 6.8 percent, in the past week.

Besides being a Greek influence, the stock market Australiaterutama mining stocks hit by commodity price declines, and the Australian government plans to implement 40 per cent tax to mining companies who reap super profits.

Financial market uncertainty still shadowed by Greek debt settlement. While the BI interest rate announcement, the market had anticipated. Unclear Greek settlement of debt cases, continue to haunt the financial markets throughout the trade.

Last weekend, the German parliament has met with the International Monetary Fund (IMF) to discuss the bailout for Greece. However, there is still uncertainty about the plan details.

In addition, according to David, the negative impact on the regional exchanges are also financial market transactions. At the close of trading Tuesday (4 / 5), the index of Australia S & P / ASX 200 fell 0.6%, South Korea's KOSPI index fell 0.3% and Shanghai index down 0.9%. While the Japanese stock exchange is still closed along with the national holiday.

Another sentiment comes from the still retained the global interest rates by central banks world. According to him, the low inflation that described the Central Statistics Agency (BPS) yesterday, will be the primary consideration of BI to maintain its benchmark interest rate at 6.5% level, as announced tomorrow (Wednesday 5 / 5).

If inflation until the end of the year no more than 5.3 percent of the BI will maintain its BI rate at 6.5 percent until the end of the year. Emerging markets more attractive. The entry of foreign fund flows can be seen from the current position of foreign reserves that have been penetrated U.S. $ 77 million.

Currently rated amount started judged less attractive by investors and can be seen from the limited movement. If you've signed in 9000 the market will tend to sell, mainly concerned the central bank will intervene. At the close of trading today, the rupiah closed at 9,020 level U.S. dollars, compared to yesterday's closing level of 9030 per dollar.

Preopening, Debt Fueled Wall Street plunged Europe. Shares in preopening trading Tuesday (4 / 5) fell as investors remained wary of European debt problems. Quoting the AP, investors met developments in recent days, buying shares in a day to then immediately sell it. This happens because of concerns over debt settlement Greece and optimism towards the domestic economic reports. Investors are also expecting a report from home sales and factory orders in the future are expected to show continuing improvements that could trigger economic recovery.

European markets also fell due to concerns about bailout package for U.S. $ 144 billion to Greece if will be approved by the 15 other EU members or not. Greek bailout costs may make it more difficult for the EU to save the country that suffered a fate similar to Greece. Euro weakens against the dollar because traders avoid the currency used by 16 European Union members, including Greece. Euro reached its lowest level in a year. Strengthening the dollar would cut profits of U.S. companies that depend heavily on foreign operations.

Dow Jones down for Goldman Sachs. Maketh Goldman Sachs as a target of criminal investigation led to the Dow Jones Industrial Average losing 159 points or 1.4 percent, in trading on Friday ended on Saturday (05/01/2010) Indonesia dawn of time.

Still, the Dow remained perched at number 11008.61, above the psychological barrier of 11 000 points. S & P 500 Index also fell 20 points, or 1.7 percent, while the Nasdaq lost 51 points or 2 percent.

Goldman shares fell in value of 10 percent, followed by the fall of shares of JPMorgan Chase (JPM, Fortune 500), The Bank of America (BAC, Fortune 500), and Morgan Stanley (MS, Fortune 500). In addition to financial sector stocks, some industries also experienced a decline in stock prices, such as Boeing, Caterpillar, Hewlett-Packard, IBM, McDonald's, and Microsoft.

Besides the negative impact of news of Goldman Sachs, the world's investors also affected the financial condition of the Greek word that is feared could affect the European mainland economy. The European Union on Sunday is scheduled to issue a statement tomorrow about the financial aid plan for Greece.

U.S. Commerce Department also reported the economy actually grew in the quarter I-2010, at the weekend. This is the the third quarter, in which the American economy grew, and it is a positive signal to the improved economy of the global financial post-crisis one year earlier.