The JCI December 4, 2023

𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟒, 𝟐𝟎𝟐𝟑

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟕,𝟎𝟎𝟎 – 𝟕,𝟏𝟑𝟎 𝐩𝐨𝐢𝐧𝐭𝐬 (𝐅𝐫𝐢𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟎𝟔𝟎 𝐩𝐨𝐢𝐧𝐭𝐬)

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟕%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐚𝐬 𝐚𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠𝐥𝐲 𝐛𝐞𝐭 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞 𝐅𝐞𝐝𝐞𝐫𝐚𝐥 𝐑𝐞𝐬𝐞𝐫𝐯𝐞 𝐰𝐢𝐥𝐥 𝐬𝐭𝐚𝐫𝐭 𝐜𝐮𝐭𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐩𝐨𝐥𝐢𝐜𝐲 𝐫𝐚𝐭𝐞𝐬 𝐢𝐧 𝟐𝟎𝟐𝟒

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

Morning,

The Jakarta Composite Index (JCI) today (12/4) is expected to trade in the range of 7,000 – 7,130 points to attempt higher with the support of bargain hunters.

Meanwhile, Friday last week (12/1) on Wall Street, the DJIA closed higher by 295 points or 0.8% to 36,246 points, while the S&P500 and the Nasdaq Composite both closed higher  by 0.6%.

The yield of the 10-year  US  Treasury Note fell by  13  basis points to 4.213%, while the yield on the 2-year Treasury bond was down 16 basis points to 4.553%.

Friday last week, the WTI futures closed fell by 2.6% at USD74.0/barrel, mainly as traders were skeptical on the latest round of production cuts by OPEC+ against higher week-on-week rigs increase in the US.  Meanwhile, the USDIDR closed at IDR15,524 vs. IDR15,384 the previous one.

Cheers,