The JCI June 30, 2022

𝐉𝐮𝐧𝐞 𝟑𝟎, 𝟐𝟎𝟐𝟐

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟖𝟔𝟎𝐩𝐭 -𝟕,𝟎𝟎𝟎𝐩𝐭  (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟗𝟒𝟐𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐃𝐉𝐈𝐀 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝟎.𝟑%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐨𝐧 𝐛𝐚𝐫𝐠𝐚𝐢𝐧 𝐡𝐮𝐧𝐭𝐞𝐫𝐬 𝐚𝐬 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐬𝐭𝐨𝐜𝐤 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐚𝐢𝐦𝐞𝐝 𝐭𝐨 𝐟𝐢𝐧𝐝 𝐭𝐡𝐞 𝐛𝐨𝐭𝐭𝐨𝐦 𝐚𝐦𝐢𝐝 𝐝𝐢𝐬𝐜𝐨𝐮𝐫𝐚𝐠𝐢𝐧𝐠 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐢𝐧𝐝𝐞𝐱

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐟𝐥𝐮𝐜𝐭𝐮𝐚𝐭𝐞 𝐚𝐧𝐝 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐬𝐭𝐚𝐛𝐥𝐞 𝐔𝐒𝐃𝐈𝐃𝐑 𝐜𝐥𝐨𝐬𝐞

Morning,

The Jakarta Composite Index (JCI) today (6/30) is expected to trade between 6,860pt – 7,000pt  to hold ground and supported by bargain hunters.

Yesterday (6/29) Wall Street ended with the DJIA closed higher by 82 points or 0.3% to 31,030pt, while the S&P500 and the Nasdaq Composite both closed lower by 0.1% and 0.0%, respectively. The Richmond Fed’s manufacturing index came in at -19pt, its lowest since May 2020 and well below consensus expectations of -7pt. At the other end, the yield a the 10-year US Treasury closed lower by 11bp to 3.1%.

Yesterday,  the WTI  price closed lower by 1.8% to  USD109.5/barrel, also on the prospect of another 75bp hike of the reference rates in the US in July.  Meanwhile, the USDIDR closed  at IDR14,848  vs. IDR14,837 the previous one.

Cheers,