The JCI September 1, 2022
๐๐๐ฉ๐ญ๐๐ฆ๐๐๐ซ ๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ฃ๐จ๐ซ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐ข๐๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ฅ๐จ๐ฐ๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐.๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐๐ฎ๐ ๐ฎ๐ฌ๐ญ’๐ฌ ๐ฐ๐๐๐ค๐๐ซ-๐ญ๐ก๐๐ง-๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ฉ๐ซ๐ข๐ฏ๐๐ญ๐ ๐ฃ๐จ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐)
*๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (9/1) is expected to trade between 7,120pt โ7,230pt ย to attempt higher and is supported by bargain hunters. ย The JCI is expected to respond to the countryโs Consumer Price Index (CPI) for August. The CPI ย is widely-estimated to decline by 0.1% – 0.13% on a monthly basis and to soften below Julyโs level of 4.94% the annual basis.ย ย
Meanwhile, yesterday (8/31) Wall Street ended with the DJIA closed lower by 280 points or 0.9% to 31,510pt, while the S&P500 and the Nasdaq closed lower by 0.8% and 0.6%, respectively.
ADPโs monthly payroll report showed private payrolls grew by just 132,000 for August, compared to Julyโs gain of 270,000. The Dow Jones estimate for the ADP count was 300,000.
On the other end, the yield on the benchmarkย 10-year Treasury noteย rose 7 basis points to 3.18% yesterday, and the 2-year Treasury yield increased 1 ย basis point to 3.48%, continuing to be in a ย yield-spread inversion trend.
Yesterday, ย the WTI price decreased by 1.0% to USD90.8/barrel, mainly on demand worries along with the news that Chinaโs biggest cities from Shenzhen to Dalian are re-imposing lockdowns and business closures to curb Covid-19. Meanwhile, the USDIDR closed atย IDR14,853 vs. IDR14,887 the previous one.
Cheers,