The JCI November 30, 2022

𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝟑𝟎, 𝟐𝟎𝟐𝟐

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞:𝟔,𝟗𝟕𝟎𝐩𝐭 – 𝟕,𝟎𝟖𝟎𝐩𝐭  ( 𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟎𝟏𝟐𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐃𝐉𝐈𝐀 𝐜𝐥𝐨𝐬𝐞𝐝 𝐚𝐥𝐦𝐨𝐬𝐭 𝐮𝐧𝐜𝐡𝐚𝐧𝐠𝐞𝐝, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐡𝐚𝐧𝐝𝐥𝐢𝐧𝐠 𝐨𝐟 𝐳𝐞𝐫𝐨-𝐂𝐎𝐕𝐈𝐃 𝐩𝐨𝐥𝐢𝐜𝐲 𝐦𝐚𝐬𝐬 𝐮𝐧𝐫𝐞𝐬𝐭𝐬 𝐢𝐧 𝐂𝐡𝐢𝐧𝐚, 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐦𝐚𝐣𝐨𝐫 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬

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

Morning,

 The Jakarta Composite Index (JCI) today (11/30) is expected to trade between 6,970pt– 7,080pt to attempt higher supported by bargain hunters.

Yesterday (11/29),  Wall Street ended with the DJIA closed higher by  3  points or 0.0% to 33,853pt, while the S&P500 and the Nasdaq closed lower by 0.2% and 0.6%, respectively.

Investors are now in monitor for economic data and events for hints of the US economic status and monetary policy ahead of the country’s central bank FOMC meeting on December 13-14.

The 10-year US Treasury yield, yesterday increased by 4 basis points at 3.742%, and the yield on the policy-sensitive 2-year Treasury was higher by 1 basis point at 4.48%.

Yesterday, the price of  WTI crude closed higher by 1.2%, to USD78.2 a barrel, mainly on demand and supply realignment coming into December. Group of Seven (G7) nations and the European Union have been formulating measures aimed to limit Russia’s capacity for disruptions, to be implemented next month.  Meanwhile, the USDIDR  closed at  IDR15,737 vs. IDR15,729 the previous one.

Cheers,