The JCI October 25, 2022

𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝟐𝟓, 𝟐𝟎𝟐𝟐

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟕,𝟎𝟎𝟎𝐩𝐭 -𝟕,𝟏𝟐𝟎𝐩𝐭 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟎𝟓𝟑𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐢𝐜𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐬𝐨𝐦𝐞 𝟏%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐨𝐧 𝐢𝐝𝐞𝐚 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐜𝐞𝐧𝐭𝐫𝐚𝐥 𝐛𝐚𝐧𝐤 𝐰𝐨𝐮𝐥𝐝 𝐬𝐥𝐨𝐰 𝐝𝐨𝐰𝐧 𝐭𝐡𝐞 𝐭𝐢𝐠𝐡𝐭𝐞𝐧𝐢𝐧𝐠 𝐩𝐚𝐜𝐞

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

Morning,

The Jakarta Composite Index (JCI) today (10/25) is expected to trade between 7,000pt – 7,120pt to gain an edge with the support of bargain hunters.   

Meanwhile, yesterday  (10/24) Wall Street ended with the DJIA closed higher by 417 points or 1.3% to 31,500pt, while the S&P500 and the Nasdaq closed higher by 1.2% and 0.9%, respectively. The S&P Global US Composite PMI Output Index in October fell to 47.5 points as compared to the final reading of 49.5 in September.

The 10-year US Treasury yield, meanwhile, rose by 2 basis points at 4.24% yesterday, and the yield on the policy-sensitive 2-year Treasury dipped by 3 basis points to 4.45%.

Yesterday, the price of  WTI crude lost 20 cents, 0.24%, at USD84.9 a barrel, mainly supported by strict supply in the sector despite higher-than-expected 3Q22 economic growth in China   Meanwhile, the USDIDR  closed at  IDR15,590 vs. IDR15,610 the previous one.

Cheers,