The JCI November 18, 2022

๐๐จ๐ฏ๐ž๐ฆ๐›๐ž๐ซ 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ญย  (๐˜๐ž๐ฌ๐ญ๐ž๐ซ๐๐š๐ฒ ๐œ๐ฅ๐จ๐ฌ๐ž: ๐Ÿ•,๐ŸŽ๐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ฅ๐ž๐ฌ๐ฌ ๐ญ๐ก๐š๐ง ๐ŸŽ.๐Ÿ“%, ๐ฆ๐š๐ข๐ง๐ฅ๐ฒ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ž๐ ๐›๐ฒ ๐š ๐ฅ๐จ๐ฐ๐ž๐ซ ๐ก๐จ๐ฎ๐ฌ๐ข๐ง๐  ๐ฌ๐ญ๐š๐ซ๐ญ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ (๐”๐’) ๐ฅ๐š๐ฌ๐ญ ๐ฆ๐จ๐ง๐ญ๐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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 (11/18) is expected to trade between 6,990ptโ€“ 7,120pt to attempt higher supported by bargain hunters.

 

The JCI today is expected to also be benefitted from a less volatile USDIDR following the news of a higher policy rate of 5.25% (vs. 4.75% previously) set up by the central bank Bank Indonesia yesterday.

Meanwhile, yesterday ย (11/17) Wall Street ended with the DJIA closed lower by ย 8 ย points or 0.0% to 33,546pt, while the S&P500 and the Nasdaq closed lower by 0.3% and 0.4%, respectively.

The Housing Start figure in the United States (US) for October came in at 1.425mn units, lower by 4.2% ย as compared to October last year, but slightly higher than the 1.41mn units of Dow Jones estimate.

 

The 10-year US Treasury yield, yesterday rose by 8 basis points at 3.773%, and the yield on the policy-sensitiveย 2-year Treasuryย increased by 8 basis points to 4.45%.

Yesterday, the price of ย WTI crude fell by 4.1%, to USD82.1 a barrel, mainly on demand worries on mounting COVID-19 cases in China and more aggressive hikes in Us interest rates. ย Meanwhile, the USDIDR ย closed atย  IDR15,687 vs. IDR15,610 ย the previous one.

 

 

Cheers,

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