The JCI June 13, 2023

𝐉𝐮𝐧𝐞 𝟏𝟑, 𝟐𝟎𝟐𝟑

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟔𝟕𝟎𝐩𝐭 – 𝟔,𝟖𝟎𝟎𝐩𝐭 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟕𝟐𝟐𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟏%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐨𝐧 𝐡𝐢𝐠𝐡 𝐞𝐱𝐩𝐞𝐜𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐟𝐚𝐯𝐨𝐫𝐚𝐛𝐥𝐞 𝐝𝐚𝐭𝐚 𝐨𝐟 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐢𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐌𝐚𝐲

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

Morning,

The Jakarta Composite Index (JCI) today (6/13) is expected to trade between 6,670pt–6,800pt to attempt higher and be supported by bargain hunters.

Meanwhile, yesterday (6/12) on Wall Street, the DJIA closed higher by 190 points or 0.6% to 34,066pt, while the S&P500 and the Nasdaq closed higher by 0.9% and 1.5%, respectively.    Economists surveyed by Dow Jones expect inflation in the US to show signs of easing, forecasting a 0.1% month-over-month rise in prices, versus a 0.4% increase in April. On a yearly basis, economists expect a 4% jump.

The 10-year US Treasury yield slipped less than 1 basis point to 3.7471%.  The yield on the 2-year Treasury was trading 2 basis points lower at 4.581%.

Yesterday, the price of WTI was down by 4.4% to USD67.1/ barrel, mainly demand concern along with heightened jitters for the upcoming statement from the US central bank the Federal Reserve.  Meanwhile, the USDIDR closed at IDR14,874 vs. IDR14,853  the previous one.

Cheers,