The JCI July 14, 2022

๐‰๐ฎ๐ฅ๐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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ŸŽ.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ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ (๐”๐’) ๐‰๐ฎ๐ง๐ž’๐ฌ 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ก๐ข๐ ๐ก๐ž๐ซ ๐ญ๐ก๐š๐ง ๐ญ๐ก๐ž ๐ฐ๐ข๐๐ž๐ฅ๐ฒ-๐ž๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ž๐ ๐Ÿ–.๐Ÿ–% ๐˜๐จ๐˜ (๐Œ๐š๐ฒ:๐Ÿ–.๐Ÿ”% ๐˜๐จ๐˜, ๐š ๐ฆ๐ฎ๐ฅ๐ญ๐ข-๐๐ž๐œ๐š๐๐ž ๐ก๐ข๐ ๐ก)

* 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,

 

The Jakarta Composite Index (JCI) today (7/14) is expected to trade between 6,580pt โ€“ 6,670pt ย to hold ground and supported by bargain hunters. The JCI today ย is expected be supported by sector-rotation, in the middle of worldwide inflationary polemic.

The 20% decline of the WTI price, ย since it touched 5 year-high at USD120/barrel on March this year, to USD96/barrel has given hope to many that the US inflation has peaked at the moment. At the other end, Franceโ€™s June inflation was released at 5.8% YoY, highest since 1985.

 

Yesterday (7/13), Wall Street ended with the DJIA closed lower ย by 209 points or 0.7% to 30,773pt, while the S&P500 and the Nasdaq ย closed lower by 0.5% and 0.2%, respectively.ย  Meanwhile, ย the yield of the US 10-year Treasury note closed lower by 4bp to 2.92%, and the 2-year closed higher by 8 basis points at 3.1%. This has producedย  the closely watched 2-year/10-year yield curve to remain inverted with the biggest spread since the year 2000, yesterday.

 

Yesterday, ย the WTI August deliveryย  price closed lower by 0.4% to ย USD95.9/barrel, mainly on the release of Juneโ€™s inflation data of the US which ultimately implies lower demand. ย Meanwhile, the USDIDR closed ย at IDR14,985 ย vs. IDR14,993 the previous one.

 

 

 

Cheers,

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