The JCI December 13,2023

𝐋A𝐓E P𝐎S𝐓

𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟏𝟑, 𝟐𝟎𝟐𝟑

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟕,𝟎𝟔𝟎 – 𝟕,𝟐𝟏𝟎 𝐩𝐨𝐢𝐧𝐭𝐬 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟏𝟐𝟓 𝐩𝐨𝐢𝐧𝐭𝐬)

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟔% , 𝐛𝐚𝐜𝐤𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐫𝐞𝐥𝐞𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐜𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐩𝐫𝐢𝐜𝐞 𝐢𝐧𝐝𝐞𝐱 𝐟𝐢𝐠𝐮𝐫𝐞 𝐟𝐨𝐫 𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐢𝐧𝐥𝐢𝐧𝐞 𝐰𝐢𝐭𝐡 𝐜𝐨𝐧𝐬𝐞𝐧𝐬𝐮𝐬-𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐬

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐟𝐥𝐮𝐜𝐭𝐮𝐚𝐭𝐞 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐬𝐭𝐚𝐛𝐥𝐞 𝐔𝐒𝐃𝐈𝐃𝐑 𝐚𝐧𝐝 𝐨𝐢𝐥-𝐜𝐥𝐨𝐬𝐞

Morning,

The Jakarta Composite Index (JCI) today (12/13) is expected to trade in the range of 7,060 – 7,210 points to attempt higher with the support of bargain hunters.

Meanwhile, yesterday (12/12) on Wall Street, the DJIA closed higher by 173 points or 0.5% to 36,578 points, while the S&P500 and the Nasdaq Composite closed higher by 0.5% and 0.7% respectively.

The US consumer price index, a closely watched inflation gauge, increased 0.1% in November and was up 3.1% from a year ago. Economists surveyed by Dow Jones had been looking for no gain and a yearly rate of 3.1%.

The yield of the 10-year  US  Treasury Note was lower by 3 basis points to 4.206%, while the yield on the 2-year Treasury bond was trading lower by 1 basis point to 4.73%.

Yesterday, the WTI futures contract for January closed lower by 3.8% at USD68.6/barrel, mainly as the latest US CPI data is being perceived as a sign of longer-for-higher policy for the country’s central bank. Meanwhile, the USDIDR closed at IDR15,614 vs. IDR15,500 the previous one.

Cheers,