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๐๐ฉ๐ซ๐ข๐ฅ ๐๐, ๐๐๐๐
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Morning,
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The Jakarta Composite Index (JCI) today (4/16) is expected to trade in the range of 7,190 โ 7,370 points to attempt higher with the support of bargain hunters. Today the JCI is expected to respond to Indonesia’s trade data for March announced by the countryโs statistics office, widely estimated at a net surplus of USD0.94bn (February: 0.87bn)
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Meanwhile, yesterday (4/15) on Wall Street, the DJIA closed lower by 248 points or 0.65% to 37,735 points. The S&P500 and the Nasdaq Composite closed lower by 1.2% and 1.79%, respectively.
Yesterday, the yield of the 10-year US Treasury rose by more than 11 basis points to 4.612%. The 2-year Treasury yield last added 3 basis points at 4.912%.
Yesterday, the US West Texas Intermediate futures for May settlement, closed lower by 0.29% ย at USD85.41 /barrel, mainly on supply-side concerns as tensions in the Middle East continued to mount. Iran launchedย more than 300 drones and missilesย against military targets in Israel on Saturday in a so-called unprecedented attack. Meanwhile, the USDIDR closed at IDR15,873 vs. IDR15,907.
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Cheers,