The JCI April 13, 2022

𝐀𝐩𝐫𝐢𝐥 𝟏𝟑, 𝟐𝟎𝟐𝟐

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞:𝟕,𝟏𝟔𝟎𝐩𝐭 – 𝟕,𝟐𝟖𝟎𝐩𝐭   (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟐𝟏𝟓𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐢𝐜𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐥𝐨𝐰𝐞𝐫 𝐛𝐲 𝟎.𝟑%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐝𝐚𝐭𝐚 𝐫𝐞𝐥𝐞𝐚𝐬𝐞 𝐨𝐟  𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐌𝐚𝐫𝐜𝐡’𝐬 𝐢𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐫𝐚𝐭𝐞 𝐨𝐟 𝟖.𝟓% 𝐘𝐨𝐘, 𝐡𝐢𝐠𝐡𝐞𝐬𝐭 𝐬𝐢𝐧𝐜𝐞 𝟏𝟗𝟖𝟏, 𝐛𝐮𝐭 𝐚𝐛𝐨𝐮𝐭 𝐬𝐢𝐦𝐢𝐥𝐚𝐫 𝐭𝐨 𝐞𝐱𝐩𝐞𝐜𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝟖.𝟒% 𝐘𝐨𝐘

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐚𝐭𝐭𝐞𝐦𝐩𝐭 𝐡𝐢𝐠𝐡𝐞𝐫 𝐚𝐧𝐝 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐬𝐭𝐚𝐛𝐥𝐞 𝐔𝐒𝐃𝐈𝐃𝐑 𝐚𝐧𝐝 𝐨𝐢𝐥-𝐜𝐥𝐨𝐬𝐞

Morning,

 The Jakarta Composite Index (JCI) today (4/13) is expected to trade between 7,160pt – 7,280pt  to gain edge and supported by bargain hunters.

Wall Street yesterday  (4/12) ended with the DJIA closed lower by 88pt or 0.3% to 34,220pt, meanwhile the S&P500 and Nasdaq closed lower by 0.3% and 0.3%, respectively. At the other end, the yield of the benchmark 10-year Treasury notes dropped to close lower by 6bp to 2.72%, after consecutive rallies in the recent close and resembled a consolidation.

Yesterday  the WTI  price closed higher by 6.7% to USD100.6/barrel against the previous close, mainly on the news of OPEC statement yesterday  that to replace 7mn barrels lost from Russia is similar to impossible. Meanwhile, the USDIDR closed  at IDR14,364  vs. IDR14,370 the previous one.

Cheers,