The JCI October 26, 2022

𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝟐𝟔, 𝟐𝟎𝟐𝟐

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞:𝟔,𝟗𝟖𝟓𝐩𝐭 – 𝟕,𝟏𝟐𝟎𝐩𝐭  (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟎𝟒𝟖𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐢𝐜𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐬𝐨𝐦𝐞 𝟏.𝟓%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐢𝐧 𝐫𝐞𝐬𝐩𝐨𝐧𝐝 𝐭𝐨 𝐚 𝐥𝐢𝐤𝐞𝐥𝐲 𝐬𝐡𝐢𝐟𝐭 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬’ (𝐔𝐒) 𝐛𝐨𝐧𝐝𝐬 𝐦𝐚𝐫𝐤𝐞𝐭

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

Morning,

 The Jakarta Composite Index (JCI) today (10/26) is expected to trade between 6,985pt – 7,120pt to attempt higher with the support of bargain hunters.   

Meanwhile, yesterday  (10/25) Wall Street ended with the DJIA closed higher by 337 points or 1.1% to 31,837pt, while the S&P500 and the Nasdaq closed higher by 1.6% and 2.3%, respectively. The US stock market seemed to buy on a remote idea that the country’s central bank the Federal Reserve would soften its current super-hawkish monetary stance.

The 10-year US Treasury yield, meanwhile, fell by 17 basis points at 4.067% yesterday, and the yield on the policy-sensitive 2-year Treasury fell by 4 basis points to 4.46%.

Yesterday, the price of  WTI crude closed higher by 0.9%, at USD85.3 a barrel, mainly on sentiments from softening the USD Index during afternoon trade. Meanwhile, the USDIDR  closed at  IDR15,616 vs. IDR15,590 the previous one.

Cheers,