The JCI August 29, 2023

𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟗, 𝟐𝟎𝟐𝟑

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟖𝟖𝟎𝐩𝐭 – 𝟔,𝟗𝟗𝟎𝐩𝐭  (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟗𝟐𝟐𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟕%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐚𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐭𝐨 𝐟𝐚𝐜𝐭𝐨𝐫 𝐨𝐮𝐭 𝐭𝐡𝐞 𝐩𝐫𝐞𝐯𝐢𝐨𝐮𝐬 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞 𝐨𝐟 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐫𝐞𝐜𝐞𝐬𝐬𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒)

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

Morning,

The Jakarta Composite Index (JCI) today (8/29) is expected to trade between 6,860pt–6,990pt to attempt higher in support of bargain hunters.

Meanwhile, yesterday  (8/28) on Wall Street, the DJIA closed higher by 213 points or 0.6% to 34,560pt, while the S&P500 and the Nasdaq closed higher by 0.6% and 0.8%, respectively.

The 10-year US Treasury yield fell by 2 basis points to 4.213%. Also, the yield on the 30-year Treasury was trading lower by 1 basis point at 4.29%.

Yesterday, the price of the WTI  futures closed almost unchanged at USD80.1/barrel, mainly supported by supply concerns along with the news on predicted heavy storms in the rig-located areas in the US.  Meanwhile, the USDIDR closed at IDR15,294 vs. IDR15,297  the previous one.

Cheers,