๐๐๐ญ๐จ๐๐๐ซ ๐, ๐๐๐๐
Morning,
The Jakarta Composite Index (JCI) today (10/5) is expected to trade between 6,840pt to 6,970pt to attempt higher and be supported by bargain hunters.
Meanwhile, yesterday (10/4) on Wall Street, the DJIA closed higher by 127 points or 0.4% to 33,002pt, while the S&P500 and the Nasdaq Composite closed higher by 0.8% and 1.4%, respectively. ย ย The US payroll processing firm ADP said thatย private job growthย totaled 89,000 for September, or well below the 160,000 estimate from Dow Jones. This gave investors the idea of a loosening US labor market and liquidity.
The 10-year US Treasury yield dropped by 6 basis points to 4.734%, its highest level since 2007. ย ย Similarly, theย 2-year Treasury fell by 9 basis points to 5.054%.
Yesterday, the price of the WTI ย futures fell by 5.6% to USD84.2/barrel, mainly on the latest data of the US gasoline inventory, at +6.5mn barrels or higher than the consensus estimate of +0.2mn barrels. Meanwhile, the USDIDR closed at IDR15,636 vs. IDR15,600 the previous one.
Cheers,