The JCI March 22, 2024
𝐌𝐚𝐫𝐜𝐡 𝟐𝟐, 𝟐𝟎𝟐𝟒
- 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟕,𝟐𝟕𝟎 – 𝟕,𝟒𝟏𝟎 𝐩𝐨𝐢𝐧𝐭𝐬 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟑𝟑𝟖 𝐩𝐨𝐢𝐧𝐭𝐬)
- 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟓% , 𝐚𝐥𝐥 𝐰𝐢𝐭𝐡 𝐫𝐞𝐜𝐨𝐫𝐝-𝐥𝐞𝐯𝐞𝐥, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐬𝐢𝐠𝐧𝐬 𝐨𝐟 𝐚 𝐬𝐭𝐫𝐨𝐧𝐠 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒)
- 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐟𝐥𝐮𝐜𝐭𝐮𝐚𝐭𝐞 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐬𝐭𝐚𝐛𝐥𝐞 𝐔𝐒𝐃𝐈𝐃𝐑 𝐚𝐧𝐝 𝐨𝐢𝐥-𝐜𝐥𝐨𝐬𝐞
Morning,
The Jakarta Composite Index (JCI) today (3/22) is expected to trade in the range of 7,270 – 7,410 points to attempt higher with the support of bargain hunters.
Meanwhile, yesterday (3/20) on Wall Street, the DJIA closed higher by 269 points or 0.68% to 39,781 points. The S&P500 and the Nasdaq Composite closed higher by 0.32% and 0.2%, respectively.
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, while sales of previously owned homes increased by the most in a year in February. Initial claims for state unemployment benefits dropped 2,000 to a seasonally adjusted 210,000 for the week ended March 16, lower than economists polling by Reuters of an estimated 215,000 claims in the latest week.
Yesterday, the yield of the 10-year US Treasury was last within the flatline at 4,271%. The 2-year Treasury yield gained 3 basis points to 4.645%.
Yesterday, the US West Texas Intermediate futures for May settlement, closed lower by 0.3% at USD81.1/barrel, mainly supported by supply-side concerns along with the latest release of the US weekly inventories of crude and gasoline. Meanwhile, the USDIDR closed at IDR15,662 vs. IDR15,727.
Cheers,