The JCI June 12, 2023

𝐉𝐮𝐧𝐞 𝟏𝟐, 𝟐𝟎𝟐𝟑

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟔𝟓𝟎𝐩𝐭 – 𝟔,𝟕𝟓𝟎𝐩𝐭  (𝐅𝐫𝐢𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟔𝟗𝟒𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐚𝐭 𝐰𝐢𝐭𝐡𝐢𝐧 𝟎.𝟐% 𝐡𝐢𝐠𝐡𝐞𝐫 𝐦𝐚𝐢𝐧𝐥𝐲 𝐨𝐧 𝐫𝐞𝐭𝐫𝐞𝐚𝐭 𝐦𝐨𝐝𝐞, 𝐚𝐡𝐞𝐚𝐝 𝐨𝐟 𝐦𝐚𝐣𝐨𝐫 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐜𝐚𝐥𝐞𝐧𝐝𝐚𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬(𝐔𝐒) 𝐭𝐡𝐢𝐬 𝐰𝐞𝐞𝐤

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

Morning,

The Jakarta Composite Index (JCI) today (6/12) is expected to trade between 6,650pt–6,750pt to attempt higher and be supported by bargain hunters.

Meanwhile, Friday last week (6/9) on Wall Street, the DJIA closed higher by 43 points or 0.1% to 33,877pt, while the S&P500 and the Nasdaq closed higher by 0.1% and 0.2%, respectively. Investors are on the monitor for the US May’s inflation data (6/13) and the Federal Reserve’s next move on the policy rate (6/14).

The 10-year US Treasury yield was up more than 3 basis points at 3.747%.  The yield on the 2-year Treasury was last trading more than 8 basis points at 4.606%.

Friday last week, the price of WTI was down by 1.6% to USD70.2/ barrel, mainly demand concern along with the latest China’s soft economic data. Meanwhile, the USDIDR closed at IDR14,853 vs. IDR14,875  the previous one.

Cheers,