The JCI March 26, 2024

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𝐌𝐚𝐫𝐜𝐡 𝟐𝟔, 𝟐𝟎𝟐𝟒

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• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟕,𝟑𝟎𝟎 – 𝟕,𝟒𝟒𝟎 𝐩𝐨𝐢𝐧𝐭𝐬  (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟑𝟕𝟕 𝐩𝐨𝐢𝐧𝐭𝐬)

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐥𝐨𝐰𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟑%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐨𝐧 𝐚 𝐜𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐦𝐨𝐝𝐞 𝐰𝐡𝐢𝐥𝐞 𝐭𝐫𝐚𝐝𝐞𝐫𝐬 𝐚𝐰𝐚𝐢𝐭 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐝𝐚𝐭𝐚 𝐨𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐞𝐜𝐨𝐧𝐨𝐦𝐲

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

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Morning,

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The Jakarta Composite Index (JCI) today (3/26)  is expected to trade in the range of  7,300 – 7,440 points to attempt higher with the support of bargain hunters.

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Meanwhile, yesterday (3/25) on Wall Street, the DJIA closed lower by 162 points or 0.41%  to  39,314  points. The S&P500 and the Nasdaq Composite closed lower by 0.31% and 0.27%, respectively.

The US March’s consumer confidence data is on schedule to be released Tuesday morning local time. Durable goods orders and the Richmond Fed’s manufacturing survey will also provide insight into the health of the country’s manufacturing sector.

Yesterday, the yield of the 10-year  US  Treasury was higher by 4 basis points to 4.26%. The 2-year Treasury yield rose by 3 basis points at 4.63%.

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Yesterday, the US West Texas Intermediate futures for May settlement, closed higher by 1.6%  at USD81.95/barrel, mainly on the latest news that indicates higher commitment of the OPEC+ members to stick to the target of its voluntary output cut this year. Meanwhile, the USDIDR closed at IDR15,795 vs. IDR15,773.

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Cheers,