The JCI July 14, 2022
๐๐ฎ๐ฅ๐ฒ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ฃ๐จ๐ซ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐ข๐๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ฅ๐จ๐ฐ๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐.๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐ญ๐ก๐ ๐ซ๐๐ฅ๐๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐๐ฎ๐ง๐’๐ฌ ๐ข๐ง๐๐ฅ๐๐ญ๐ข๐จ๐ง ๐๐๐ญ๐, ๐๐ญ ๐.๐% ๐๐จ๐ ๐จ๐ซ ๐ก๐ข๐ ๐ก๐๐ซ ๐ญ๐ก๐๐ง ๐ญ๐ก๐ ๐ฐ๐ข๐๐๐ฅ๐ฒ-๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐๐ ๐.๐% ๐๐จ๐ (๐๐๐ฒ:๐.๐% ๐๐จ๐, ๐ ๐ฆ๐ฎ๐ฅ๐ญ๐ข-๐๐๐๐๐๐ ๐ก๐ข๐ ๐ก)
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
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, Franceโs 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 Juneโs 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,