The JCI September 4, 2023

𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟒, 𝟐𝟎𝟐𝟑

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟗𝟐𝟎𝐩𝐭 – 𝟕,𝟎𝟒𝟎𝐩𝐭 (𝐅𝐫𝐢𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟗𝟕𝟖𝐩𝐭)

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟐%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐥𝐚𝐛𝐨𝐫 𝐝𝐚𝐭𝐚 𝐨𝐟 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬(𝐔𝐒)

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

Morning,

The Jakarta Composite Index (JCI) today (9/4) is expected to trade between 6,920pt–7,040pt to attempt higher and supported by bargain hunters.

Meanwhile, Friday last week  (9/1) on Wall Street, the DJIA closed higher by 116 points or 0.3% to 34,838pt, while the S&P500 closed higher by 0.2% and the Nasdaq Composite unchanged. The US unemployment rate ticked higher to 3.8% in August (July: 3.5%), reaching its highest level in more than a year, and higher than the consensus estimate of 3.5%.

The 10-year US Treasury yield closed higher by 9 basis points to close at 4.181%. Also, the 2-year Treasury yield closed higher by 1 basis point to 4.87%.

Last week, the price of the WTI  futures closed higher by 1.0%  at USD84.5/barrel, mainly supported by supply concerns, especially on the news that OPEC+ is expected to keep current production cuts until the end of 2023.   Meanwhile, the USDIDR closed at IDR15,252 vs. IDR15,239  the previous one.

Cheers,