๐๐๐ง๐ฎ๐๐ซ๐ฒ ๐, ๐๐๐๐
Morning,
The Jakarta Composite Index (JCI) today (1/8) is expected to trade in the range of ย 7,280 – 7,410 points to attempt higher with the support of bargain hunters.
Meanwhile, on Friday last week (1/5) on Wall Street, the DJIA closed higher by 10 points or 0.07% to 37,446 points, while the S&P500 and the Nasdaq Composite closed higher by 0.18% and 0.09%, respectively.
Decemberโsย jobs report for the USย showed employers added 216,000 positions (vs. 175k of consensus estimate) for the month while the unemployment rate held at 3.7% (vs. estimate of 3.8%).ย The report, along with revisions to previous monthsโ counts, brought 2023 job gains to 2.7 million, or a monthly average of 225,000, down from 4.8 million, or 399,000 a month, in 2022.
The yield of the 10-year ย US ย Treasury note was higher by 6 basis points to 4.051%, while the yield on theย 2-year Treasury bond rose by 2 basis points to 4.4%.
Last week, the WTI futures contract closed lower by 2.5% at USD73.9/barrel, mainly supported by a lower geopolitics risk along with the planned visit of the US Secretary of State Antony Blinken to the Middle East.ย Meanwhile, the USDIDR closed at IDR15,518 vs. IDR15,525 the previous one.
Cheers,