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๐๐ฉ๐ซ๐ข๐ฅ ๐๐, ๐๐๐๐
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Morning,
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The Jakarta Composite Index (JCI) today (4/30) is expected to trade in the range of 7,090 โ 7,230 points to attempt higher with the support of bargain hunters.
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Meanwhile, yesterday (4/29) on Wall Street, the DJIA closed higher by 146 points or 0.38% ย to ย 38,386 ย points. The S&P500 and the Nasdaq Composite closed higher by 0.32% and 0.35%, respectively. Strong 1Q24 earnings release of major tech companies and the latest news that the US-based electric carmaker Tesla passed a significant milestone to roll out its advanced driver-assistance technology in China boosted sentiments. All the while, ย strong US ย inflation data last month have derailed expectations of the initial rate cut this year, now to start in November from previously in June.
The yield of the 10-yearย USย Treasuryย slipped 6 basis points to 4.667%. Theย 2-year Treasuryย yield lost 1 basis point to 4.975%.
Yesterday, the US West Texas Intermediate futures for June settlement, closed lower by 1.45% ย at USD82.63/barrel, mainly on the supply factor along with the latest news on a renewed diplomatic push in the Middle East to secure a cease-fire in Gaza. Meanwhile, the USDIDR closed at IDR16,249 vs. IDR16,222.
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Cheers,