The JCI December 12, 2023

𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟏𝟐, 𝟐𝟎𝟐𝟑

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟕,𝟎𝟐𝟎 – 𝟕,𝟏𝟖𝟎 𝐩𝐨𝐢𝐧𝐭𝐬 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟎𝟖𝟗 𝐩𝐨𝐢𝐧𝐭𝐬)

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟑%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐨𝐧 𝐨𝐩𝐭𝐢𝐦𝐢𝐬𝐦 𝐨𝐟 𝐟𝐚𝐯𝐨𝐫𝐚𝐛𝐥𝐞 𝐦𝐨𝐧𝐞𝐭𝐚𝐫𝐲 𝐦𝐨𝐯𝐞𝐬 𝐚𝐡𝐞𝐚𝐝 𝐨𝐟 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐜𝐞𝐧𝐭𝐫𝐚𝐥 𝐛𝐚𝐧𝐤 𝐭𝐡𝐞 𝐅𝐞𝐝𝐞𝐫𝐚𝐥 𝐑𝐞𝐬𝐞𝐫𝐯𝐞 𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝐅𝐎𝐌𝐂 𝐦𝐞𝐞𝐭𝐢𝐧𝐠, 𝐭𝐨 𝐬𝐭𝐚𝐫𝐭 𝐭𝐨𝐝𝐚𝐲

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐟𝐥𝐮𝐜𝐭𝐮𝐚𝐭𝐞 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐬𝐭𝐚𝐛𝐥𝐞 𝐔𝐒𝐃𝐈𝐃𝐑 𝐚𝐧𝐝 𝐨𝐢𝐥-𝐜𝐥𝐨𝐬𝐞

Morning,

The Jakarta Composite Index (JCI) today (12/12) is expected to trade in the range of 7,020 – 7,180 points to attempt higher with the support of bargain hunters.

Meanwhile, yesterday (12/11) on Wall Street, the DJIA closed higher by 157 points or 0.4% to 36,404 points, while the S&P500 and the Nasdaq Composite closed higher by 0.4% and 0.2% respectively.

The yield of the 10-year  US  Treasury Note was higher by 4.4 basis points to 4.277%, while the yield on the 30-year Treasury bond was trading higher by 2 basis points to 4.35%.

Yesterday, the WTI futures contract for January rose  0.13% at USD71.3/barrel, mainly supported by supply concerns following the news of the supply cut for next year by OPEC+.  Meanwhile, the USDIDR closed at IDR15,614 vs. IDR15,500 the previous one.

Cheers,