The JCI April 17, 2024
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𝐀𝐩𝐫𝐢𝐥 𝟏𝟕, 𝟐𝟎𝟐𝟒
- 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟕,𝟎𝟗𝟎 – 𝟕,𝟐𝟔𝟎 𝐩𝐨𝐢𝐧𝐭𝐬 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟏𝟔𝟓 𝐩𝐨𝐢𝐧𝐭𝐬)
- 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐟𝐥𝐚𝐭𝐥𝐢𝐧𝐞, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐟𝐚𝐜𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐫𝐞𝐭𝐚𝐢𝐥 𝐬𝐚𝐥𝐞𝐬 𝐟𝐨𝐫 𝐌𝐚𝐫𝐜𝐡 𝐚𝐦𝐢𝐝 𝐭𝐡𝐞 𝐡𝐞𝐢𝐠𝐡𝐭𝐞𝐧𝐞𝐝 𝐠𝐞𝐨𝐩𝐨𝐥𝐢𝐭𝐢𝐜𝐚𝐥 𝐫𝐢𝐬𝐤𝐬
- 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 (4/17) is expected to trade in the range of 7,090 – 7,260 points to attempt higher with the support of bargain hunters.
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Meanwhile, yesterday (4/16) on Wall Street, the DJIA closed higher by 64 points or 0.17% to 37,799 points. The S&P500 and the Nasdaq Composite closed lower by 0.21% and 0.12%, respectively.
The US retail sales increased 0.7% for March, considerably faster than the Dow Jones consensus forecast for a 0.3% rise though below the upwardly revised 0.9% in February, according to Census Bureau data that is adjusted for seasonality.
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Yesterday, the yield of the 10-year US Treasury rose by 5 basis points to 4.66%. The 2-year Treasury yield last added 7 basis points at 4.981%.
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Yesterday, the US West Texas Intermediate futures for May settlement, closed lower by 0.06% at USD85.36 /barrel, mainly supported by supply constraints along with the news about the sanction threat of the US to Iran against its recent attack on Israel. Meanwhile, the USDIDR closed at IDR16,176 vs. IDR15,873.
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Cheers,