The JCI February 11, 2022

๐…๐ž๐›๐ซ๐ฎ๐š๐ซ๐ฒ ๐Ÿ๐Ÿ, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ

 

* ๐“๐ก๐ž ๐‰๐‚๐ˆ ๐ญ๐ซ๐š๐๐ข๐ง๐  ๐ซ๐š๐ง๐ ๐ž: ๐Ÿ”,๐Ÿ•๐Ÿ“๐ŸŽ๐ฉ๐ญ – ๐Ÿ”,๐Ÿ–๐Ÿ”๐ŸŽ๐ฉ๐ญ (๐˜๐ž๐ฌ๐ญ๐ž๐ซ๐๐š๐ฒ ๐œ๐ฅ๐จ๐ฌ๐ž: ๐Ÿ”,๐Ÿ–๐Ÿ๐Ÿ’๐ฉ๐ญ)

* ๐–๐š๐ฅ๐ฅ ๐’๐ญ๐ซ๐ž๐ž๐ญ ๐ž๐ง๐๐ž๐ ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ž ๐ฆ๐š๐ฃ๐จ๐ซ ๐ž๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐ข๐œ๐ž๐ฌ ๐œ๐ฅ๐จ๐ฌ๐ž๐ ๐ฅ๐จ๐ฐ๐ž๐ซ ๐›๐ฒ ๐ฌ๐จ๐ฆ๐ž ๐Ÿ%, ๐ฆ๐š๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐ญ๐ก๐ž ๐ซ๐ž๐ฅ๐ž๐š๐ฌ๐ž ๐จ๐Ÿ ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ (๐”๐’) ๐ฅ๐š๐ฌ๐ญ ๐ฒ๐ž๐š๐ซ-๐ž๐ง๐ ๐ข๐ง๐Ÿ๐ฅ๐š๐ญ๐ข๐จ๐ง ๐๐š๐ญ๐š, ๐š๐ญ ๐Ÿ•.๐Ÿ“% ๐˜๐จ๐˜ ๐จ๐ซ ๐ญ๐ก๐ž ๐ก๐ข๐ ๐ก๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐ฅ๐š๐ฌ๐ญ ๐Ÿ’๐ŸŽ ๐ฒ๐ž๐š๐ซ๐ฌ ๐š๐ง๐ ๐ก๐ข๐ ๐ก๐ž๐ซ ๐ญ๐ก๐š๐ง ๐–๐š๐ฅ๐ฅ ๐’๐ญ๐ซ๐ž๐ž๐ญ ๐ž๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ž ๐จ๐Ÿ ๐Ÿ•.๐Ÿ% ๐˜๐จ๐˜

* ๐“๐ก๐ž ๐‰๐‚๐ˆ ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐Ÿ๐ฅ๐ฎ๐œ๐ญ๐ฎ๐š๐ญ๐ž ๐š๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ž๐ ๐›๐ฒ ๐ฌ๐ญ๐š๐›๐ฅ๐ž ๐”๐’๐ƒ๐ˆ๐ƒ๐‘ ๐š๐ง๐ ๐จ๐ข๐ฅ-๐œ๐ฅ๐จ๐ฌ๐ž

 

Morning,

 

ย The Jakarta Composite Index (JCI) today (2/11) is expected to trade between 6,750pt – 6,860pt ย to hold ground and ย supported by ย bargain hunters. ย The JCI today is expected also to have pressures from possible aggressive tightening by the US central bank, following the countryโ€™s highest level of inflation rates since 1982.

 

Meanwhile, Wall Street yesterday (2/10) ย ended with the DJIA closed lower by 527pt, or 1.5% to 35,242pt, while the S&P500 and the Nasdaq Composite both closed lower by 1.8% and 2.1%, respectively. Along with the release of the US December inflation data, the yield of the benchmark 10-year Treasury note closed higher by 12bp to 2.05%, or first time above the level since 2019. The proper magnitude to reduce the Fedโ€™s bonds holding this year and onwards also depend on how precisely the US central bank to gauge the equilibrium point between the pace of the countryโ€™s productivity and demand. However, the US being a country with a priviledged currency, time seemed to be always on its side.

 

At the other end, yesterday ย the WTI ย price closed higher by 0.3% to USD89.9/barrel, mainly on crude supply uncertainties despite the risk of both higher interest rates and the USD index. ย Meanwhile, the USDIDR closed ย at IDR14,344 vs. IDR14,366 the previous one.

 

Cheers,

 

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