The JCI April 29, 2024
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𝐀𝐩𝐫𝐢𝐥 𝟐𝟗, 𝟐𝟎𝟐𝟒
- 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,9𝟔𝟎 – 𝟕,𝟏𝟑𝟎 𝐩𝐨𝐢𝐧𝐭𝐬 (𝐅𝐫𝐢𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟎𝟑𝟔 𝐩𝐨𝐢𝐧𝐭𝐬)
- 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟏%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐝𝐮𝐞 𝐭𝐨 𝐭𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐫𝐞𝐛𝐨𝐮𝐧𝐝 𝐚𝐧𝐝 𝐬𝐭𝐫𝐨𝐧𝐠 𝟏𝐐𝟐𝟒 𝐞𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐫𝐞𝐥𝐞𝐚𝐬𝐞 𝐨𝐟 𝐦𝐚𝐣𝐨𝐫 𝐜𝐨𝐮𝐧𝐭𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒)
- 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐟𝐥𝐮𝐜𝐭𝐮𝐚𝐭𝐞 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐬𝐭𝐚𝐛𝐥𝐞 𝐔𝐒𝐃𝐈𝐃𝐑 𝐚𝐧𝐝 𝐨𝐢𝐥-𝐜𝐥𝐨𝐬𝐞
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Morning,
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The Jakarta Composite Index (JCI) today (4/29) is expected to trade in the range of 6,960 – 7,130 points to attempt higher with the support of bargain hunters.
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Meanwhile, on Friday last week (4/26) on Wall Street, the DJIA closed higher by 154 points or 0.4% to 38,240 points. The S&P500 and the Nasdaq Composite closed higher by 1.02% and 2.03%, respectively. Meanwhile, investors on futures are pricing in that the Federal Reserve to keep the policy rate unchanged during the FOMC meeting in June, at a latest 90% chance rate vs. 40% rate last month.
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Last week, the yield of the 10-year US Treasury slipped 4 basis points to 4.667%. The 2-year Treasury yield lost 1 basis point to 4.9878%.
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On Friday, the US West Texas Intermediate futures for June settlement, closed higher by 0.92% at USD83.75 /barrel, also supported by settlement-purpose demand following the release of the US 1Q24 GDP data. Meanwhile, the USDIDR closed at IDR16,222 vs. IDR16,208.
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Cheers,
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