The JCI August 1, 2023
๐๐ฎ๐ ๐ฎ๐ฌ๐ญ ๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญย ย (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ฃ๐จ๐ซ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐๐ฑ๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐๐ฒ ๐.๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐๐๐๐ ๐๐๐ซ๐ง๐ข๐ง๐ ๐ฌ ๐จ๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ(๐๐)-๐ฅ๐ข๐ฌ๐ญ๐๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ง๐ ๐ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ -๐๐จ๐ฐ๐ง ๐ข๐ง๐๐ฅ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (8/1) is expected to trade between 6,850ptโ6,980pt to attempt higher in support of bargain hunters. ย ย Today the JCI is expected to respond to Indonesiaโs inflation data for July, widely estimated to be an increase of 0.21% over the previous month (June:0.14%), and 3.08% annually (June: 3.52%).
Meanwhile, yesterday ย ย (7/31) on Wall Street, the DJIA closed higher by 100 points or 0.3% to 35,560pt, while the S&P500 and the Nasdaq closed higher by 0.15% and 0.2%, respectively.
More than 160 S&P 500 constituents are slated to report their latest quarterly results this week. More than half of the companies in the broad market index have already reported, with 80% posting earnings beats, according to FactSet. This further raises hopes that the economy will be able to avoid a recession as inflation begins to show signs of slowing.
The 10-year US Treasury yield fell by 1 basis point to 3.959%.ย Similarly, the yield on theย 2-year Treasury declined by 1 basis point to 4.887%.
Yesterday, the price of WTI futures closed higher by 1.2% at USD85.4/ barrel, mainly on demand prospects against the news that Saudi Arabia to extend a voluntary oil output cut of 1 million barrels per day (bpd) for another month to include September.ย ย ย Meanwhile, the USDIDR closed at IDR15,092 vs. IDR15,003 ย the previous one.
Cheers,