The JCI August 1, 2023

๐€๐ฎ๐ ๐ฎ๐ฌ๐ญ 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ญย ย  (๐˜๐ž๐ฌ๐ญ๐ž๐ซ๐๐š๐ฒ ๐œ๐ฅ๐จ๐ฌ๐ž: ๐Ÿ”,๐Ÿ—๐Ÿ‘๐Ÿ๐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ŸŽ.๐Ÿ‘%, ๐ฆ๐š๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐ฌ๐ญ๐ซ๐จ๐ง๐  ๐Ÿ๐๐Ÿ๐Ÿ‘ ๐ž๐š๐ซ๐ง๐ข๐ง๐ ๐ฌ ๐จ๐Ÿ ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ(๐”๐’)-๐ฅ๐ข๐ฌ๐ญ๐ž๐ ๐œ๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ ๐š๐ง๐ ๐š ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐ -๐๐จ๐ฐ๐ง ๐ข๐ง๐Ÿ๐ฅ๐š๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐ญ๐ก๐ž ๐œ๐จ๐ฎ๐ง๐ญ๐ซ๐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ˆ๐ƒ๐‘ ๐š๐ง๐ ๐จ๐ข๐ฅ-๐œ๐ฅ๐จ๐ฌ๐ž

 

Morning,

 

The Jakarta Composite Index (JCI) today (8/1) is expected to trade between 6,850ptโ€“6,980pt to attempt higher in support of bargain hunters. ย ย Today the JCI is expected to respond to Indonesiaโ€™s inflation data for July, widely estimated to be an increase of 0.21% over the previous month (June:0.14%), and 3.08% annually (June: 3.52%).

 

Meanwhile, yesterday ย ย (7/31) on Wall Street, the DJIA closed higher by 100 points or 0.3% to 35,560pt, while the S&P500 and the Nasdaq closed higher by 0.15% and 0.2%, respectively.

More than 160 S&P 500 constituents are slated to report their latest quarterly results this week. More than half of the companies in the broad market index have already reported, with 80% posting earnings beats, according to FactSet. This further raises hopes that the economy will be able to avoid a recession as inflation begins to show signs of slowing.

 

The 10-year US Treasury yield fell by 1 basis point to 3.959%.ย  Similarly, the yield on theย 2-year Treasury declined by 1 basis point to 4.887%.

 

Yesterday, the price of WTI futures closed higher by 1.2% at USD85.4/ barrel, mainly on demand prospects against the news that Saudi Arabia to extend a voluntary oil output cut of 1 million barrels per day (bpd) for another month to include September.ย  ย ย Meanwhile, the USDIDR closed at IDR15,092 vs. IDR15,003 ย the previous one.

 

 

 

Cheers,

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