The JCI March 1, 2024
๐๐๐ซ๐๐ก ๐, ๐๐๐๐
- ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐ – ๐,๐๐๐ ๐ฉ๐จ๐ข๐ง๐ญ๐ฌ (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐ ๐ฉ๐จ๐ข๐ง๐ญ๐ฌ)
- ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ฃ๐จ๐ซ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐๐ฑ๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐๐ฒ ๐๐ซ๐จ๐ฎ๐ง๐ ๐.๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐๐๐ญ๐ ๐ญ๐ก๐๐ญ ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ ๐ ๐ฌ๐จ๐๐ญ๐๐ง๐ข๐ง๐ ๐ฆ๐จ๐๐ ๐๐ง๐ ๐ฆ๐๐ฒ ๐ฉ๐๐ซ๐ฆ๐ข๐ญ ๐ ๐๐ฎ๐ญ ๐ข๐ง ๐ฉ๐จ๐ฅ๐ข๐๐ฒ ๐ซ๐๐ญ๐
- ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (3/1) is expected to trade in the range of ย 7,260 – 7,390 points to attempt higher with the support of bargain hunters.
The JCI today is expected to respond to the release of Indonesiaโs inflation rate for February, widely estimated at a monthly rate of 0.25% (January: 0.04%), and a 12-month increase of 2.63% (January: 2.57%). The majority of analysts mentioned volatile food factors, due to a disruption of the distribution lane and lower supply because of extreme weather conditions, put pressure on Februaryโs inflation.
Meanwhile, yesterdayย (2/29) on Wall Street, the DJIA closed higher by 47 points or 0.12% ย to ย 38,996 ย points. The S&P500 and the Nasdaq Composite closed higher by 0.52% and 0.9%, respectively.
The US headline personal consumption expenditure (PCE) price index, including the volatile food and energy categories, increased 0.3% monthly and 2.4% on a 12-month basis, as expected. Meanwhile, excluding food and energy costs, the PCE price index increased 0.4% for the month and 2.8% from a year ago, also in line. On the other end, initial jobless claims totaled 215,000 for the week ended Feb. 24, up 13,000 from the previous period and more than the 210,000 estimate.
Yesterday, the yield of the 10-yearย USย Treasury fell 3 basis points at 4.244%. Theย 2-year Treasuryย yield declined by 2 basis points at 4.629%.
Yesterday (2/29), ย the WTI futures contract for April fell by 0.36% at USD78.26/barrel, mainly triggered by the higher chance of a sustained and upward-shaping trend of the USD Index. ย Meanwhile, the USDIDR closed at IDR15,715 vs. IDR15,673 the previous one.
Cheers,