The JCI July 31, 2023
๐๐ฎ๐ฅ๐ฒ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐ ๐ซ๐ข๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ )
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ฃ๐จ๐ซ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐๐ฑ๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐๐ฒ ๐ฆ๐จ๐ซ๐ ๐ญ๐ก๐๐ง ๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐๐๐ญ๐ ๐ฐ๐ก๐ข๐๐ก ๐ ๐ข๐ฏ๐ ๐ฆ๐จ๐ซ๐ ๐ฌ๐ญ๐๐ญ๐๐ฆ๐๐ง๐ญ ๐จ๐ง ๐๐ง ๐ข๐ฆ๐ฉ๐ซ๐จ๐ฏ๐ข๐ง๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐๐๐จ๐ง๐จ๐ฆ๐ฒ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (7/31) is expected to trade between 6,850ptโ6,980pt to attempt higher in support of bargain hunters.
ย Meanwhile, Friday ย ย (7/28) on Wall Street, the DJIA closed higher by 177 points or 0.5% to 35,459pt, while the S&P500 and the Nasdaq closed higher by 1.0% and 2.0%, respectively.
The personal consumption expenditures (PCE) price index, a preferred inflation gauge of the US central bank the Federal Reserve, continued to show a softening trend. The gauge for June, released Friday, showed core PCE gained 0.2% month-over-month, in line with the 0.2% increase expected by economists polled by Dow Jones. Core PCE rose 4.1% from the year-ago period, lower than the anticipated 4.2%.
The PCE data comes after the release of a higher-than-expected advance estimate of 2Q23 GDP growth on Thursday, at an annualized rate of 2.4% as compared to 2.0% in the same period last year.
The 10-year US Treasury yield fell by 5 basis points to 3.957%.ย Similarly, the yield on theย 2-year Treasury declined by 5 basis points to 4.879%.
Last week, the price of WTI futures closed almost unchanged at USD80.1/ barrel, mainly supported by the prospect of demand along with evidence of improving the US economy. ย ย Meanwhile, the USDIDR closed at IDR15,083 vs. IDR15,003 ย the previous one.
Cheers,