| This research was intended to know and analyze the fluctuations of the global stock price index and the correlation with Jakarta Composite Index (JCI) and JKLQ 45 also to find the proportion of the global stock markets influence toward JSZ Composite Index and JKLQ 45. The global stock markets represented by The Dow Jones Aindustrial Average (DJIA) and Standard and Poor’s 500 (S&P 500) which represent USA stock market and The Financial Stock Exchange (FTSE 100) which represents London, England. This research took daily stock price index of the year 2009 up to 2010 and used Simple Regression Analysis method. The result of the research shows that each of global stock markets (DJIA, S&P 500 and FTSE 100) statistically had positive effect to JSX Composite Index and JKLQ 45 in 2009 – 2010. |