The JCI August 24, 2022

๐€๐ฎ๐ ๐ฎ๐ฌ๐ญ ๐Ÿ๐Ÿ’, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ

 

* ๐“๐ก๐ž ๐‰๐‚๐ˆ ๐ญ๐ซ๐š๐๐ข๐ง๐  ๐ซ๐š๐ง๐ ๐ž: ๐Ÿ•,๐Ÿ๐Ÿ๐ŸŽ๐ฉ๐ญ – ๐Ÿ•, ๐Ÿ๐Ÿ๐ŸŽ๐ฉ๐ญ (๐˜๐ž๐ฌ๐ญ๐ž๐ซ๐๐š๐ฒ ๐œ๐ฅ๐จ๐ฌ๐ž: ๐Ÿ•,๐Ÿ๐Ÿ”๐Ÿ‘๐ฉ๐ญ)

* ๐–๐š๐ฅ๐ฅ ๐’๐ญ๐ซ๐ž๐ž๐ญ ๐ž๐ง๐๐ž๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐š๐ฃ๐จ๐ซ ๐ž๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐ข๐œ๐ž๐ฌ ๐œ๐ฅ๐จ๐ฌ๐ž๐ ๐ฅ๐จ๐ฐ๐ž๐ซ ๐›๐ฒ ๐ฌ๐จ๐ฆ๐ž ๐ŸŽ.๐Ÿ%, ๐ฆ๐š๐ข๐ง๐ฅ๐ฒ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ž๐ ๐›๐ฒ ๐ญ๐ก๐ž ๐ฅ๐š๐ญ๐ž๐ฌ๐ญ ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ (๐”๐’) ๐‰๐ฎ๐ฅ๐ฒ’๐ฌ ๐ง๐ž๐ฐ ๐ก๐จ๐ฆ๐ž ๐ฌ๐š๐ฅ๐ž๐ฌ ๐ญ๐ก๐š๐ญ ๐๐ž๐œ๐ฅ๐ข๐ง๐ž๐ ๐›๐ฒ ๐Ÿ๐Ÿ.๐Ÿ”% ๐˜๐จ๐˜ ๐จ๐ซ ๐š๐›๐จ๐ฎ๐ญ ๐Ÿ๐ŸŽ ๐ฉ๐ž๐ซ๐œ๐ž๐ง๐ญ๐š๐ ๐ž ๐ฉ๐จ๐ข๐ง๐ญ๐ฌ ๐ฆ๐จ๐ซ๐ž ๐ญ๐ก๐š๐ง ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐

* ๐“๐ก๐ž ๐‰๐‚๐ˆ ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐Ÿ๐ฅ๐ฎ๐œ๐ญ๐ฎ๐š๐ญ๐ž ๐š๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ž๐ ๐›๐ฒ ๐ฌ๐ญ๐š๐›๐ฅ๐ž ๐”๐’๐ƒ๐ˆ๐ƒ๐‘ ๐š๐ง๐ ๐จ๐ข๐ฅ-๐œ๐ฅ๐จ๐ฌ๐ž

 

 

Morning,

 

The Jakarta Composite Index (JCI) today (8/24) is expected to trade between 7,110pt โ€“7,210pt ย to attempt higher and supported by bargain hunters. The JCI is expected to consolidate today also be supported by the latest monetary stance by the central bank Bank Indonesia to face immediate highly possible risks.ย  ย Uncertainty in the ย world oil prices trend, government policy on energy subsidies, as well as natural cause that might influence Indonesia harvest condition are among the main factors ย that challenge the stability of domestic prices of goods and services.

 

Meanwhile, yesterday (8/23) Wall Street ended with the DJIA closed lower by 154 points or 0.5% to 32,910pt, while the S&P500 and the Nasdaq closed lower by 0.2% and 0.0%, respectively. Jitters about Federal Reserve policy and wariness about economic data kept investors on edge.

At the other end, the yield on the benchmarkย 10-year Treasury noteย rose 3 basis points at 3.07%, and the 2-year Treasury yield was lower 4 ย basis points to 3.3%, continuing to be in a ย yield spread-inversion trend.

 

Yesterday, ย the WTI price ended higher by 3.7% at USD93.7/barrel, mainly supported by tight supply both by the possibility of unpredictable production cut by OPEC as well as the expectation of lower US crude inventory data, to be released today. Meanwhile, the USDIDR closed ย atย  IDR14,893 vs. IDR14,882 the previous one.

Cheers,

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