The JCI November 1, 2022

𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝟏, 𝟐𝟎𝟐𝟐

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟕,𝟎𝟐𝟓𝐩𝐭 – 𝟕,𝟏𝟕𝟎𝐩𝐭   (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞:  𝟕,𝟎𝟗𝟗𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐢𝐜𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐥𝐨𝐰𝐞𝐫 𝐛𝐲 𝐚𝐥𝐦𝐨𝐬𝐭 𝟏%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐚𝐬 𝐭𝐫𝐚𝐝𝐞𝐫𝐬 𝐚𝐫𝐞 𝐞𝐱𝐩𝐞𝐜𝐭𝐢𝐧𝐠 𝐚 𝟕𝟓 𝐛𝐚𝐬𝐢𝐬 𝐩𝐨𝐢𝐧𝐭𝐬 𝐩𝐨𝐥𝐢𝐜𝐲 𝐫𝐚𝐭𝐞 𝐡𝐢𝐤𝐞 𝐭𝐨𝐦𝐨𝐫𝐫𝐨𝐰 𝐛𝐲 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐜𝐞𝐧𝐭𝐫𝐚𝐥 𝐛𝐚𝐧𝐤 𝐭𝐡𝐞 𝐅𝐞𝐝, 𝐚𝐧𝐝 𝐥𝐚𝐭𝐞𝐫 𝐢𝐧 𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝐭𝐨 𝐬𝐥𝐨𝐰 𝐝𝐨𝐰𝐧

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

Morning,

The Jakarta Composite Index (JCI) today (11/1) is expected to trade between 7,025pt – 7,170pt to hold ground with the support of bargain hunters.

Today the Indonesia stock market is expected to respond to the country’s inflation data for October, widely expected to soften. Headline inflation figure estimates, by consensus polled by CNBC, are in order of 0.08% on a monthly basis (September: 1.17%), and 5.95% annually (September: 5.95% ). 

Meanwhile, yesterday  (10/31) Wall Street ended with the DJIA closed lower by 129 points or 0.4% to 32,733pt, while the S&P500 and the Nasdaq closed lower by 0.8% and 1.0%, respectively.

The 10-year US Treasury yield, meanwhile, increased by 5 basis points at 4.06% yesterday, and the yield on the policy-sensitive 2-year Treasury rose by 7  basis points to 4.49%.

Yesterday, the price of  WTI crude fell by 1.9%, to USD86.2 a barrel, mainly on the expectation of supply expansion, also from the US’s release of strategic reserve. Meanwhile, the USDIDR  closed at  IDR15,596 vs. IDR15,542  the previous one.

Cheers,