The JCI October 20, 2022
๐๐๐ญ๐จ๐๐๐ซ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐:๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญย (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐:ย ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ฃ๐จ๐ซ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐ข๐๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ฅ๐จ๐ฐ๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐.๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐๐ฌ ๐ญ๐ซ๐๐๐๐ซ๐ฌ ๐๐๐ฎ๐ ๐ก๐ญ ๐๐ง๐จ๐ญ๐ก๐๐ซ ๐ฌ๐๐ฅ๐ฅ-๐จ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐๐จ๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง๐๐ข๐๐๐ญ๐ข๐ง๐ ย ๐ฌ๐๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐ซ๐ข๐ฌ๐ค๐ฌ ๐๐จ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ ๐๐ง๐ ๐ข๐ง ๐จ๐ญ๐ก๐๐ซ ๐ฆ๐๐ฃ๐จ๐ซ ๐๐๐จ๐ง๐จ๐ฆ๐ข๐๐ฌ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (10/20) is expected to trade between 6,785pt โ 6,910pt to attempt higher with the support of bargain hunters.
The JCI is expected to respond to Indonesiaโs central bank Bank Indonesia (BI)โs latest monetary stance which is scheduled to be announced this afternoon. More than half of the economists polled on CNBC Indonesia have predicted a 50-basis point increase in the policy rate BI7DRR, currently at 4.25%, ย to adjust to the latest macroeconomic development. The rest have estimated a 25-basis point increase as necessary to accommodate for internal and external dynamics.ย
Meanwhile, yesterday ย (10/19) Wall Street ended with the DJIA closed lower by 100 points or 0.3% to 30,424pt, while the S&P500 and the Nasdaq closed lower by 0.7% and 0.9%, respectively.
The 10-year US Treasury yield, meanwhile, climbed ย 14 basis points at 4.127%. The yield on the policy-sensitiveย 2-year Treasuryย rose by 11 basis points to 4.55%.
Yesterday, the price of ย WTI futures crude settled higher by 3.3%, at USD85.6/barrel, mainly because tightening supply countered the negative impact of uncertain demand, along with the news that the United States will release more crude oil from its reserves. Meanwhile, the USDIDR ย closed atย IDR15,491 vs. IDR15,480 the previous one.
Cheers,