MARKET REVIEW
Wall Street ended lower as US Treasury yields hit their highest since 2002 and FOMC minutes signalled further tightening. The S&P 500 fell 0.22%, the Nasdaq lost 0.22%, and the Dow Jones slipped 0.66%. In Europe, the EuroStoxx 50 dropped 1.47% and the FTSE 100 declined 0.79%.
Brent crude rose 1.18% to USD 101.38/barrel on reports Washington is weighing strike options against Iran and storm-related output shut-ins in the US Gulf of Mexico. Gold fell 1.09% to USD 4,114/oz, near its lowest since early August, as hawkish Fed minutes lifted rate-hike expectations.
The JCI closed down 0.75% to 6,147 yesterday, weighed by energy, infrastructure and basic materials stocks, with BYAN the biggest drag. The rupiah stood at IDR 17,882/USD, while foreign investors posted net sells of IDR 871 billion. Today, investors will weigh Wall Street’s losses, Treasury yields at 24-year highs, firmer oil prices and foreign outflows.
NEWS HIGHLIGHTS
- ADHI – Reallocates IDR 2.65tn Funds
- BBLD – Secures IDR 150bn Loan
- BEKS – Uses 71.48% Rights Proceeds
- CHEK – Partners KALGen on Genomics
- ERAL – Plans 10 More Stores
- EXCL – Raises Capex to IDR 20tn
- FORU – Rights Take-up Reaches 79%
- PLIN – Sets IDR 268.72bn Interim Dividend
- RAAM – Expands Cinema Network
Regards, Aldiracita Research
