The JCI August 19, 2022

𝐀𝐮𝐠𝐮𝐬𝐭 𝟏𝟗, 𝟐𝟎𝟐𝟐

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟕,𝟏𝟒𝟎𝐩𝐭 – 𝟕,𝟐𝟓𝟎𝐩𝐭 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟏𝟖𝟕𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐢𝐜𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐬𝐨𝐦𝐞 𝟎.𝟏%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐥𝐚𝐛𝐨𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐟𝐢𝐠𝐮𝐫𝐞𝐬 𝐭𝐡𝐚𝐭 𝐢𝐧𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐢𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐚𝐢𝐧 𝐞𝐝𝐠𝐞 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐬𝐭𝐚𝐛𝐥𝐞 𝐔𝐒𝐈𝐃𝐑 𝐚𝐧𝐝 𝐨𝐢𝐥-𝐜𝐥𝐨𝐬𝐞

Morning,

The Jakarta Composite Index (JCI) today (8/19) is expected to trade between 7,140pt –7,250pt  to attempt higher and supported by bargain hunters.  

Meanwhile, yesterday (8/18) Wall Street ended with the DJIA closed higher by 19 points or 0.1% to 33,999pt, while the S&P500 and the Nasdaq both closed higher by 0.2%. The US jobless claims totaled 250,000 for the week ended Aug. 13, down 2,000 from the previous week and below the 260,000 Dow Jones estimate. In addition, the four-week moving average for claims, which helps smooth out weekly volatility, also fell by 2,750 to 246,750.

At the other end, the yield on the benchmark 10-year Treasury note fell 2 basis points at 2.88%, and the 2-year Treasury yield was down 8 basis points to 3.21%, continuing to be in a spread-inversion trend.

Yesterday,  the WTI price closed higher by 3.4% to  USD91.1/barrel, also on encouraging US lates job figures that imply higher demand.  Meanwhile, the USDIDR closed  at  IDR14,822 vs. IDR14,767 the previous one.

Cheers,