The JCI July 21, 2022
๐๐ฎ๐ฅ๐ฒ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐:๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญย (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ฃ๐จ๐ซ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐ข๐๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐ฏ๐ ๐ฌ๐๐ง๐ญ๐ข๐ฆ๐๐ง๐ญ๐ฌ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐)-๐๐๐ฌ๐๐ ๐๐๐ซ๐ง๐ข๐ง๐ ๐ฌ ๐ซ๐๐ฅ๐๐๐ฌ๐ ๐ญ๐ก๐๐ญ ๐ซ๐๐๐ฎ๐๐๐ ๐๐จ๐ง๐๐๐ซ๐ง๐ฌ ๐จ๐ง ๐ซ๐๐๐๐ฌ๐ฌ๐ข๐จ๐ง ๐ข๐ง๐ญ๐๐ง๐ฌ๐ข๐ญ๐ฒ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (7/21) is expected to trade between 6,830pt โ 6,970pt ย to attempt higher and supported by bargain hunters. ย Theย JCI today is expected to response on the decision of the Indonesia central bank concerning the countryโs reference rates level, currently at historic-low of 3.5% and unchanged for the past seventeen months. Bank Indonesia is scheduled to announce its latest monetary stance this afternoon, following the completion of the Julyโs Board-of-Governor meeting.
Yesterday (7/20), Wall Street ended with the DJIA closed higher by 48 points or 0.2% to 31,875pt, while the S&P500 and the Nasdaq ย closed higher by 0.6% and 1.6%, respectively. The release of stronger-than expected corporate earnings prompted ย stocks technically higher yesterday.
At the other end, the yield of the US 10-year Treasury note closed higher by 5bp to 3.03%. The inversion ( at about a similar spread at the higher level) between the 2-year and 10-year notes remained yesterday, with the yield of the 2-year US Treasury notes last seen at 3.25%, a more intense sign of recession.
ย Yesterday, ย the WTI price closed lower by 1.9% to ย USD102.3/barrel, mainly supported by the ย US crude inventories dataย that showed a decline by 446k barrels last week, compared with analystsโ expectations for a 1.4 million-barrel rise Meanwhile, the USDIDR closed ย at IDR14,984 vs. IDR14,992 the previous one.
Cheers,