The JCI February 3, 2022

๐…๐ž๐›๐ซ๐ฎ๐š๐ซ๐ฒ 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ญย  (๐˜๐ž๐ฌ๐ญ๐ž๐ซ๐๐š๐ฒ ๐œ๐ฅ๐จ๐ฌ๐ž:ย  ๐Ÿ”,๐Ÿ•๐ŸŽ๐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ก๐ข๐ ๐ก๐ž๐ซ ๐›๐ฒ ๐œ๐ฅ๐จ๐ฌ๐ž ๐ญ๐จ ๐Ÿ%, ๐ฆ๐š๐ข๐ง๐ฅ๐ฒ ๐š๐ฌ 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ฃ๐จ๐› ๐๐š๐ญ๐š ๐ฌ๐ฎ๐ ๐ ๐ž๐ฌ๐ญ๐ž๐ ๐š ๐ฅ๐ž๐ฌ๐ฌ-๐ก๐š๐ซ๐ฌ๐ก ๐ญ๐ข๐ ๐ก๐ญ๐ž๐ง๐ข๐ง๐  ๐›๐ฒ ๐ญ๐ก๐ž ๐œ๐ž๐ง๐ญ๐ซ๐š๐ฅ ๐›๐š๐ง๐ค

 

* 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 (2/3) is expected to trade between 6,660pt – 6,760pt ย to attempt higher and ย supported by ย bargain hunters. ย The JCI today is expected to continue be supported by the countryโ€™s improving consumer confidence as is reflected in the Januaryโ€™s inflation data. However, upside of the JCI today may be limited by rising new cases of COVID-19 , expecially in the Jakarta city, of 21.6% positivity rate or the year-high in the last record.

 

Meanwhile, Wall Street yesterday (2/2) ย ended with the DJIA closed higher by 224pt, or 0.6% to 35,629pt, while the S&P500 and the Nasdaq Composite both closed higher by 0.9% and 0.5%, respectively. Yesterday, the US equity market also responded to the release ofย  private US payrolls fell by 301k in January, or below the expectation of an addition of 200k. Januaryโ€™s data marks the first time in more than a year that private payrolls fell.

 

At the other end, yesterday ย the WTI ย price closed higher by 6 cents to USD88.3/barrel, mainly as OPEC+ members decided yesterday to return output to the market by 400k bpd in response of current increasing crude price. The Group back in April 2020 decided to cut total membersโ€™ production of 10mn bpd and gradually returning it to the sector over the next months to adjust. Meanwhile, the USDIDR closed ย at IDR14,347 vs. IDR14,392 ย the previous one.

 

 

Cheers,

 

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