The JCI February 11, 2022
๐ ๐๐๐ซ๐ฎ๐๐ซ๐ฒ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐ข๐๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ฅ๐จ๐ฐ๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐ญ๐ก๐ ๐ซ๐๐ฅ๐๐๐ฌ๐ ๐จ๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐ฅ๐๐ฌ๐ญ ๐ฒ๐๐๐ซ-๐๐ง๐ ๐ข๐ง๐๐ฅ๐๐ญ๐ข๐จ๐ง ๐๐๐ญ๐, ๐๐ญ ๐.๐% ๐๐จ๐ ๐จ๐ซ ๐ญ๐ก๐ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐จ๐ซ ๐ญ๐ก๐ ๐ฅ๐๐ฌ๐ญ ๐๐ ๐ฒ๐๐๐ซ๐ฌ ๐๐ง๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐ญ๐ก๐๐ง ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ ๐จ๐ ๐.๐% ๐๐จ๐
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
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 countryโs 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 Fedโs 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 countryโs 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,