The JCI January 30, 2024

𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟑𝟎, 𝟐𝟎𝟐𝟒

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟕,𝟏𝟎𝟎 – 𝟕,𝟐𝟐𝟎 𝐩𝐨𝐢𝐧𝐭𝐬 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟏𝟓𝟕 𝐩𝐨𝐢𝐧𝐭𝐬)

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐜𝐥𝐨𝐬𝐞 𝐭𝐨 𝟏%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐨𝐧 𝐩𝐫𝐨𝐬𝐩𝐞𝐜𝐭 𝐨𝐟 𝐥𝐨𝐰𝐞𝐫 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐛𝐨𝐧𝐝𝐬 𝐲𝐢𝐞𝐥𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐭𝐡𝐢𝐬 𝐲𝐞𝐚𝐫

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

Morning,

The Jakarta Composite Index (JCI) today (1/30) is expected to trade in the range of  7,100 – 7,220 points to attempt higher with the support of bargain hunters.

Meanwhile, yesterday  (1/29) on Wall Street, the DJIA closed higher by 224 points or 0.59% to 38,334 points, while the S&P500 and the Nasdaq Composite closed higher by 0.76% and 1.12%, respectively. The US Treasury Department said it expected to borrow less than previously anticipated in the first quarter, mainly on an anticipated increases in net fiscal flows and a higher cash balance at end of last year.

The yield of the 10-year  US  Treasury note was lower by 8 basis points to  4.066%, while the yield on the 2-year Treasury bond was lower by 5  basis points at 4.357%.

Yesterday, the WTI futures closed lower by 1.58% to USD76.8/barrel, mainly influenced by demand concerns underpinned by property sector crisis in China.  Meanwhile, the USDIDR closed at IDR15,825 vs. IDR15,829 the previous one.

Cheers,