๐๐๐ซ๐๐ก ๐, ๐๐๐๐
Morning,
The Jakarta Composite Index (JCI) today (3/6) is expected to trade in the range of ย 7,190 – 7,330 points to attempt higher with the support of bargain hunters.
Meanwhile, yesterdayย (3/5) on Wall Street, the DJIA closed lower by 405 points or 1.04% ย to ย 38,585 points. The S&P500 and the Nasdaq Composite closed lower by 1.02% and 1.65%, respectively.
The USย ISM services indexย reported Tuesday showed businesses were still reporting expansion, but less than economists forecasted. The index also showed a notable decrease in the expected pace of future price increases.
Yesterday, the yield of the 10-yearย USย Treasury dropped by 9 basis points at 4.137%. Theย 2-year Treasuryย yield declined by 5 ย basis points at 4.552%.
Yesterday, ย the WTI futures contract for April fell by 0.75% at USD78.15/barrel, mainly on demand concerns along with the news of Chinaโs official GDP growth target this year of around 5% ย and issuance of an ultra-long-term China bond. ย Meanwhile, the USDIDR closed at IDR15,756 vs. IDR15,723 the previous one.
Cheers,