The JCI August 22, 2022

๐€๐ฎ๐ ๐ฎ๐ฌ๐ญ 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ซ๐ข๐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Ÿ% , ๐š๐ฌ ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐จ๐ซ๐ฌ ๐š๐ซ๐ž ๐ข๐ง ๐ฃ๐ข๐ญ๐ญ๐ž๐ซ๐ฌ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐œ๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ’๐ฌ ๐ง๐ž๐ฑ๐ญ ๐ฆ๐จ๐ง๐ž๐ญ๐š๐ซ๐ฒ ๐ฉ๐จ๐ฅ๐ข๐œ๐ฒ’๐ฌ ๐ฆ๐จ๐ฏ๐ž

* 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 (8/22) is expected to trade between 7,120pt โ€“7,210pt ย to attempt higher and supported by bargain hunters. The JCI today is expected to move in a narrow range also in monitor for latest reference rate decision from central bank Bank Indonesia, to be announced tomorrow (8/23). However, crucial indicators for the domestic economy seem to be in the line.ย 

 

Meanwhile, Friday last week (8/19) Wall Street ended with the DJIA closed lower by 292 points or 0.9% to 33,707pt, while the S&P500 and the Nasdaq closed lower by 1.3% and 2.0%, respectively. Investors were in jitters while anticipating Fed Chairman Jerome Powellโ€™s latest comments on inflation at the central bankโ€™s annual Jackson Hole economic symposium (8/27).

 

At the other end, the yield on the benchmarkย 10-year Treasury noteย rose 9 basis points at 2.97%, and the 2-year Treasury yield was up 2 ย basis points to 3.24%, continuing to be in a ย yield spread-inversion trend.

 

Last week, ย the WTI price ended 27 cents higher at USD91.0/barrel, mainly supported by tight supply while the latest data of the US inventories showed a steep decline.ย  Meanwhile, the USDIDR closed ย atย  IDR14,858 vs. IDR14,822 the previous one.

 

Cheers,

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