๐๐๐๐๐ฆ๐๐๐ซ ๐๐, ๐๐๐๐
Morning,
The Jakarta Composite Index (JCI) today (12/27) is expected to trade in the range of ย 7,160 – 7,300 points to attempt higher with the support of bargain hunters.
Meanwhile, yesterday ย (12/26) on Wall Street, the DJIA closed higher by 159 points or 0.43% to 37,545 points, while the S&P500 and the Nasdaq Composite closed higher by 0.42% and 0.54%, respectively.
On Friday last week (12/22), the gauge of the US central bank the Federal Reserve uses for inflation for November was released, at a headline rate annual rate of ย 2.6% (October: 3.0%), lower than the consensus estimate of 2.8%. On a monthly basis, the headline PCE Price Index for November decreased by 0.1% (October: 0.0%) or lower than the estimated consensus of +0.0%.
The yield of the 10-year ย US ย Treasury note was trading almost unchanged at 3.893%, while the yield on theย 2-year Treasury bond gained 1 basis point to 4.352%.
Yesterday, the WTI futures contract for January closed higher by 2.7% at USD75.6/barrel, mainly on supply concerns as further attacks on vessels in the Red Sea prompted unfavorable rerouting of shipments. ย ย Meanwhile, the USDIDR closed at IDR15,489 vs. IDR15,533 the previous one.
Cheers,