The JCI May 15, 2024

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๐Œ๐š๐ฒ ๐Ÿ๐Ÿ“, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’

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  • ๐“๐ก๐ž ๐‰๐‚๐ˆ ๐ญ๐ซ๐š๐๐ข๐ง๐  ๐ซ๐š๐ง๐ ๐ž: ๐Ÿ•,๐ŸŽ๐Ÿ๐ŸŽ – ๐Ÿ•,๐Ÿ๐Ÿ—๐ŸŽ ๐ฉ๐จ๐ข๐ง๐ญ๐ฌ  (๐˜๐ž๐ฌ๐ญ๐ž๐ซ๐๐š๐ฒ ๐œ๐ฅ๐จ๐ฌ๐ž: ๐Ÿ•,๐ŸŽ๐Ÿ–๐Ÿ’ ๐ฉ๐จ๐ข๐ง๐ญ๐ฌ )
  • ๐–๐š๐ฅ๐ฅ ๐’๐ญ๐ซ๐ž๐ž๐ญ ๐ž๐ง๐๐ž๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐š๐ฃ๐จ๐ซ ๐ž๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐ž๐ฑ๐ž๐ฌ ๐œ๐ฅ๐จ๐ฌ๐ž๐ ๐ก๐ข๐ ๐ก๐ž๐ซ ๐›๐ฒ ๐š๐ซ๐จ๐ฎ๐ง๐ ๐ŸŽ.๐Ÿ“% ๐ฆ๐š๐ข๐ง๐ฅ๐ฒ ๐š๐ฌ ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐จ๐ซ๐ฌ ๐ฐ๐ž๐ข๐ ๐ก๐ž๐ ๐ฆ๐จ๐ซ๐ž ๐จ๐ง ๐ญ๐ก๐ž ๐ฌ๐ญ๐ซ๐ž๐ง๐ ๐ญ๐ก ๐จ๐Ÿ ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ (๐”๐’) ๐ž๐œ๐จ๐ง๐จ๐ฆ๐ฒ ๐ฐ๐ก๐ข๐ฅ๐ž ๐š๐ฐ๐š๐ข๐ญ๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐ง๐ž๐ฑ๐ญ ๐ค๐ž๐ฒ CPI ๐๐š๐ญ๐š, ๐ฌ๐œ๐ก๐ž๐๐ฎ๐ฅ๐ž๐ ๐Ÿ๐จ๐ซ ๐š ๐ซ๐ž๐ฅ๐ž๐š๐ฌ๐ž ๐ญ๐จ๐๐š๐ฒ
  • ๐“๐ก๐ž ๐‰๐‚๐ˆ ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐Ÿ๐ฅ๐ฎ๐œ๐ญ๐ฎ๐š๐ญ๐ž ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ž๐ ๐›๐ฒ ๐ฌ๐ญ๐š๐›๐ฅ๐ž ๐”๐’๐ƒ๐ˆ๐ƒ๐‘ ๐š๐ง๐ ๐จ๐ข๐ฅ-๐œ๐ฅ๐จ๐ฌ๐ž

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Morning,

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The Jakarta Composite Index (JCI) today (5/15)  is expected to trade in the range of  7,020 โ€“ 7,190 points to attempt higher with the support of bargain hunters. Today the JCI is expected to respond to the release of Indonesia trade data for April, widely estimated at a surplus of around USD3.5bn (March: USD4.47bn)

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Meanwhile, yesterday  (5/14) on Wall Street, the DJIA closed higher by 127 points or 0.32%  to  39,558 points. The S&P500 and the Nasdaq Composite closed higher by 0.48% and 0.75%, respectively.

The US producer price index, a gauge of prices received at the wholesale level, increased 0.5% for the month, higher than the 0.3% Dow Jones estimate, the Labor Departmentโ€™s Bureau of Labor Statistics reported Tuesday.

The yield of the 10-year  US  Treasury lost 4 basis points to 4.445%. The 2-year Treasury yield was lower by 4 basis points to 4.819%.

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Yesterday, the US West Texas Intermediate futures for June settlement, closed lower by 1.39%  at USD78.02/barrel mostly due to the worry about a trend of higher USD Index following the release of the US Aprilโ€™s producer price index data. Meanwhile, the USDIDR closed at IDR16,131 vs. IDR16,085.

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Cheers,

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