The JCI December 13, 2022

𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟏𝟑, 𝟐𝟎𝟐𝟐

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞:𝟔,𝟔𝟖𝟓𝐩𝐭  – 𝟔,𝟖𝟎𝟎𝐩𝐭  (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟕𝟑𝟓𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐢𝐜𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟏.𝟓%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐫𝐞𝐯𝐞𝐫𝐬𝐚𝐥 𝐨𝐟 𝐞𝐧𝐞𝐫𝐠𝐲 𝐬𝐭𝐨𝐜𝐤𝐬 𝐰𝐡𝐢𝐥𝐞 𝐦𝐨𝐬𝐭 𝐭𝐫𝐚𝐝𝐞𝐫𝐬 𝐚𝐫𝐞 𝐞𝐱𝐩𝐞𝐜𝐭𝐢𝐧𝐠 𝐚 𝐝𝐞𝐜𝐥𝐢𝐧𝐢𝐧𝐠 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐢𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐝𝐚𝐭𝐚 𝐟𝐨𝐫 𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝐭𝐨𝐝𝐚𝐲

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐟𝐥𝐮𝐜𝐭𝐮𝐚𝐭𝐞 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐬𝐭𝐚𝐛𝐥𝐞 𝐔𝐒𝐈𝐃𝐑 𝐚𝐧𝐝 𝐨𝐢𝐥-𝐜𝐥𝐨𝐬𝐞

Morning,

 The Jakarta Composite Index (JCI) today (12/13) is expected to trade between 6,685pt– 6,800pt to attempt higher and be supported by bargain hunters.

Yesterday (12/12), Wall Street ended with the DJIA closed lower by  549  points or 1.6% to 34,005pt, while the S&P500 and the Nasdaq closed higher by 1.4% and 1.3%, respectively.

The 10-year US Treasury yield, yesterday rose by 5 basis points at 3.617%, and the yield on the policy-sensitive 2-year Treasury increased by 6 basis points at 4.44%.

Yesterday, the price of  WTI crude closed higher by 3% at USD73.2 a barrel, mainly on supply jitters along with Russia’s threat to cut production which did not offset demand prospects from China’s loosening COVID-19 restrictions. The USDIDR  closed at  IDR15,642 vs. IDR15,587 the previous one.

 Cheers,