๐๐จ๐ฏ๐๐ฆ๐๐๐ซ ๐๐, ๐๐๐๐
Morning,
The Jakarta Composite Index (JCI) today (11/15) is expected to trade in the range of 6,820 – 6,970 points to attempt higher with the support of bargain hunters.
The JCI is expected to respond to Indonesiaโs international trade figures for October, set to be released in the morning today by the countryโs statistics office, widely expected to be in a net surplus of USD3.58bn (September: USD3.42 bn).
Meanwhile, yesterday ย (11/14) on Wall Street, the DJIA closed higher by 490 points or 1.4% to 34,828 points, while the S&P500 and the Nasdaq Composite closed higher by 1.9% and 2.4% respectively.
The US Octoberโs headline consumer price index (CPI) for October came in at a 0.0% increase from the previous month (vs. an estimate of 0.1%), and a 3.2% increase from a year ago (vs. an estimate of 3.3%). The softer-than-expected figures are perceived as a potential green light for the Federal Reserve to stop raising interest rates.
The yield of the 10-year ย US ย Treasury Note fell 19 basis points to 4.45%, while the yield on theย 2-year Treasury bond slid 21 basis points to 4.8%.
Yesterday, the WTI futures closed almost flat at USD78.3/barrel, paring early gains on signs tensions in the Middle East could be easing. Meanwhile, the USDIDR closed at IDR15,699 vs. IDR15,713ย the previous one.
Cheers,