The JCI April 2, 2024
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𝐀𝐩𝐫𝐢𝐥 𝟐, 𝟐𝟎𝟐𝟒
- 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟕,𝟏𝟒𝟎 – 𝟕,𝟐𝟔𝟎 𝐩𝐨𝐢𝐧𝐭𝐬 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟐𝟎𝟓 𝐩𝐨𝐢𝐧𝐭𝐬 )
- 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐥𝐨𝐰𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟒%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐨𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐥𝐚𝐭𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐬𝐞𝐜𝐭𝐨𝐫 𝐝𝐚𝐭𝐚 𝐭𝐡𝐚𝐭 𝐜𝐚𝐬𝐭𝐞𝐝 𝐝𝐨𝐮𝐛𝐭 𝐰𝐡𝐞𝐭𝐡𝐞𝐫 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐝𝐫𝐚𝐟𝐭 𝐨𝐟 𝐫𝐚𝐭𝐞𝐬 𝐜𝐮𝐭𝐬 𝐢𝐬 𝐢𝐧𝐭𝐚𝐜𝐭
- 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 (4/2) is expected to trade in the range of 7,140 – 7,260 points to attempt higher with the support of bargain hunters.
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Meanwhile, yesterday (4/1) on Wall Street, the DJIA closed lower by 240 points or 0.6% to 39,567 points. The S&P500 and the Nasdaq Composite closed lower by 0.2% and higher by 0.11%, respectively.
Following sixteen consecutive months of contraction, the US manufacturing activity index, issued by the Institute for Supply Management, unexpectedly rose to 50.3 points in March (February: 47.8), or higher than the consensus estimate of 48.4 points.
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Yesterday, the yield of the 10-year US Treasury increased 11 basis points to 4.32%. The 2-year Treasury yield rose 8 basis points at 4.711%.
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Yesterday, the US West Texas Intermediate futures for May settlement, closed higher by 0.65% at USD83.71/barrel, mainly on supply-side concerns along with the news that the Iranian consulate in Damascus, Syria, was hit by the Israeli missile strike. Meanwhile, the USDIDR closed at IDR15,909 vs. IDR15,873.
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Cheers,