The JCI may 13, 2024
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𝐌𝐚𝐲 𝟏𝟑, 𝟐𝟎𝟐𝟒
- 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞:𝟕,𝟎𝟏𝟎 – 𝟕,𝟏𝟗𝟎 𝐩𝐨𝐢𝐧𝐭𝐬 (𝐖𝐞𝐝𝐧𝐞𝐬𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟎𝟖𝟗 𝐩𝐨𝐢𝐧𝐭𝐬)
- 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟐%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐨𝐧 𝐚𝐧𝐨𝐭𝐡𝐞𝐫 𝐡𝐨𝐩𝐞 𝐟𝐨𝐫 𝐚 𝐬𝐨𝐨𝐧𝐞𝐫 𝐥𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐞𝐚𝐬𝐞 𝐚𝐥𝐨𝐧𝐠 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐬𝐨𝐟𝐭𝐞𝐧𝐢𝐧𝐠 𝐣𝐨𝐛 𝐝𝐚𝐭𝐚 𝐨𝐟 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐫𝐞𝐥𝐞𝐚𝐬𝐞𝐝 𝐨𝐧 𝐓𝐡𝐮𝐫𝐬𝐝𝐚𝐲
- 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 (5/13) is expected to trade in the range of 7,010 – 7,190 points to attempt higher with the support of bargain hunters.
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Meanwhile, on Friday last week (5/10) on Wall Street, the DJIA closed higher by 125 points or 0.32% to 39,513 points. The S&P500 and the Nasdaq Composite closed higher by 0.16% and lower by 0.03%, respectively. Jobless claims in the US totaled a seasonally adjusted 231,000 for the week ending on May 4, up 22,000 from the previous period and higher than the Dow Jones estimate for 214,000, the Labor Department reported Thursday. It was the highest claims number since Aug. 26, 2023.
The yield of the 10-year US Treasury gained by 5 basis points to 4.5%. The 2-year Treasury yield was higher by 7 basis points to 4.87%.
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Last week, the US West Texas Intermediate futures for June settlement, closed lower by 1.26% at USD78.26/barrel, mainly on the latest comments from US central bank officials indicating higher-for-longer interest rates. Meanwhile, the USDIDR closed at IDR16,081 vs. IDR16,054.
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Cheers,
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