The JCI July 31, 2023

๐‰๐ฎ๐ฅ๐ฒ 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ญ (๐…๐ซ๐ข๐๐š๐ฒ ๐œ๐ฅ๐จ๐ฌ๐ž: ๐Ÿ”,๐Ÿ—๐ŸŽ๐ŸŽ๐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ž๐ฑ๐ž๐ฌ ๐œ๐ฅ๐จ๐ฌ๐ž๐ ๐ก๐ข๐ ๐ก๐ž๐ซ ๐›๐ฒ ๐ฆ๐จ๐ซ๐ž ๐ญ๐ก๐š๐ง ๐Ÿ%, ๐ฆ๐š๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐š๐ญ๐ž๐ฌ๐ญ ๐ž๐œ๐จ๐ง๐จ๐ฆ๐ข๐œ ๐๐š๐ญ๐š ๐ฐ๐ก๐ข๐œ๐ก ๐ ๐ข๐ฏ๐ž ๐ฆ๐จ๐ซ๐ž ๐ฌ๐ญ๐š๐ญ๐ž๐ฆ๐ž๐ง๐ญ ๐จ๐ง ๐š๐ง ๐ข๐ฆ๐ฉ๐ซ๐จ๐ฏ๐ข๐ง๐  ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ (๐”๐’) ๐ž๐œ๐จ๐ง๐จ๐ฆ๐ฒ

* 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 (7/31) is expected to trade between 6,850ptโ€“6,980pt 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,

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