The JCI December 7, 2022

𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟕, 𝟐𝟎𝟐𝟐

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞:  𝟔,𝟖𝟒𝟎𝐩𝐭 – 𝟔,𝟗𝟕𝟓𝐩𝐭 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟖𝟗𝟑𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐢𝐜𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐥𝐨𝐰𝐞𝐫 𝐛𝐲 𝐬𝐨𝐦𝐞 𝟏.𝟓%,  𝐦𝐚𝐢𝐧𝐥𝐲 𝐨𝐧 𝐭𝐫𝐚𝐝𝐞𝐫𝐬’ 𝐭𝐨-𝐩𝐥𝐚𝐲-𝐬𝐚𝐟𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐮𝐧𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐭𝐲 𝐜𝐨𝐧𝐜𝐞𝐫𝐧𝐢𝐧𝐠 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐧𝐞𝐱𝐭 𝐩𝐨𝐥𝐢𝐜𝐲-𝐫𝐚𝐭𝐞 𝐬𝐭𝐚𝐧𝐜𝐞, 𝐭𝐨 𝐛𝐞 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐝 𝐨𝐧 𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟏𝟒

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

Morning,

The Jakarta Composite Index (JCI) today (12/7) is expected to trade between 6,840pt– 6,975pt to attempt higher supported by bargain hunters.

Yesterday (12/6), Wall Street ended with the DJIA closed lower by  351  points or 1.0% to 33,596pt, while the S&P500 and the Nasdaq closed lower by 1.4% and 2.0%, respectively.

The 10-year US Treasury yield, yesterday fell by 7 basis points at 3.526%, and the yield on the policy-sensitive 2-year Treasury was lower by 3  basis points at 4.30%.

Yesterday, the price of  WTI crude fell 3.5% at USD74.3/barrel,  mainly on demand worries along with news and data of a weakening service-sector activity in China, the world’s biggest crude importer. The USDIDR  closed at  IDR15,576 vs. IDR15,409 the previous one.

   Cheers,