The JCI December 14, 2022

𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟏𝟒, 𝟐𝟎𝟐𝟐

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟕𝟖𝟓𝐩𝐭 – 𝟔,𝟗𝟎𝟎𝐩𝐭 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟖𝟏𝟎𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐢𝐜𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐬𝐨𝐦𝐞 𝟎.𝟔% 𝐦𝐚𝐢𝐧𝐥𝐲 𝐚𝐬 𝐭𝐫𝐚𝐝𝐞𝐫𝐬 𝐩𝐞𝐫𝐜𝐞𝐢𝐯𝐞 𝐚 𝐦𝐨𝐝𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐩𝐨𝐥𝐢𝐜𝐲 𝐫𝐚𝐭𝐞 𝐡𝐢𝐤𝐞 (𝟓𝟎𝐛𝐩 𝐯𝐬. 𝟕𝟓𝐛𝐩 𝐩𝐫𝐞𝐯𝐢𝐨𝐮𝐬𝐥𝐲) 𝐚𝐥𝐨𝐧𝐠 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐞𝐚𝐬𝐢𝐧𝐠 𝐨𝐟 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐥𝐚𝐭𝐞𝐬𝐭 𝐂𝐏𝐈 𝐥𝐞𝐯𝐞𝐥

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

Morning,

 The Jakarta Composite Index (JCI) today (12/14) is expected to trade between 6,785pt– 6,900pt to attempt higher and be supported by bargain hunters.

Yesterday (12/13), Wall Street ended with the DJIA closed higher by  104  points or 0.3% to 34,109pt, while the S&P500 and the Nasdaq closed higher by 0.7% and 1.0%, respectively.

The 10-year US Treasury yield, yesterday fell by 10 basis points at 3.508%, and the yield on the policy-sensitive 2-year Treasury dipped by 17 basis points at 4.23%.

Wall Street yesterday responded positively to the US November’s CPI reading, at an annual rate of 7.1% (vs. the estimated 7.3%), and 0.1% on a monthly basis or less than the estimated 0.3%.

Yesterday, the price of  WTI crude closed higher by 3% at USD75.4 a barrel, mainly on the fall of the USD Index along with the continued decline of the US inflation rate. The USDIDR  closed at  IDR15,661 vs. IDR15,642 the previous one.

   Cheers,