High Open Anticipated For Indonesia Stock Market

RTTNews | 647 dias atrás
High Open Anticipated For Indonesia Stock Market

(RTTNews) - The Indonesia stock market moved back to the upside again on Friday, one session after snapping the three-day winning streak in which it had advanced more than 70 points or 1 percent. The Jakarta Composite Index now sits just above the 6,975-point plateau and it's looking at a steady start again on Monday.

The global forecast for the Asian markets is cautiously optimistic over the outlook for interest rates. The European and U.S. markets were mixed and little changed and the Asian bourses are tipped to follow that lead.

The JCI finished modestly higher on Friday following gains from the financials, losses from the cement companies and a mixed picture from the resource stocks.

For the day, the index gained 24.39 points or 0.35 percent to finish at 6,877.65.

Among the actives, Bank CIMB Niaga rose 0.29 percent, while Bank Mandiri advanced 0.83 percent, Bank Central Asia collected 0.54 percent, Bank Rakyat Indonesia gathered 0.45 percent, Indosat Ooredoo Hutchison stumbled 1.82 percent, Indocement dropped 0.93 percent, Indofood Suskes retreated 1.41 percent, United Tractors improved 1.35 percent, Astra International strengthened 1.55 percent, Energi Mega Persada skyrocketed 7.38 percent, Astra Agro Lestari added 0.66 percent, Aneka Tambang tumbled 1.76 percent, Vale Indonesia gained 0.42 percent, Timah plunged 2.20 percent, Bumi Resources rallied 2.17 percent and Bank Danamon Indonesia, Semen Indonesia and Bank Negara Indonesia were unchanged.

The lead from Wall Street is slightly higher as the major averages opened higher but quickly faded and hugged the unchanged line, finally ending mixed.

The Dow climbed 115.81 points or 0.33 percent to finish at 34,837.71, while the NASDAQ eased 3.19 points or 0.02 percent to close at 14,031.81 and the S&P 500 rose 8.11 points or 0.18 percent to end at 4,515.77. For the week, the NASDAQ spiked 3.3 percent, the S&P 500 surged 2.5 percent and the Dow jumped 1.4 percent.

The lackluster performance on Wall Street followed the release of a mixed employment from the Labor Department. While the closely watched report showed modestly stronger than expected job growth in August, the report also showed an unexpected increase in the unemployment rate.

The increase in the unemployment rate added to optimism about the Federal Reserve leaving interest rates unchanged later this month, but traders continued to express some uncertainty about future meetings.

In other economic news, the Institute for Supply Management reported a slowdown in the pace of contraction in U.S. manufacturing activity last month.

Crude oil showed another significant move to the upside during trading on Friday, extending recent gains over supply concerns. West Texas Intermediate crude for October delivery surged $1.92 or 2.3 percent to $85.55 a barrel, closing higher for the seventh straight session. The price of crude oil soared 7.2 percent for the week.

read more
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
RTTNews | 2h 30min atrás
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
RTTNews | 2h 34min atrás
Bay Street Likely To Open On Negative Note

Bay Street Likely To Open On Negative Note

Canadian shares are likely to open with a negative bias on Thursday as trade concerns, and Middle East tensions may weigh on sentiment. A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.
RTTNews | 3h 17min atrás
U.S. Producer Prices Inch Up Less Than Expected In May

U.S. Producer Prices Inch Up Less Than Expected In May

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May.
RTTNews | 3h 43min atrás
Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad. The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport.
RTTNews | 4h 2min atrás
FTSE 100 Recovers After Weak Start, Up Marginally

FTSE 100 Recovers After Weak Start, Up Marginally

After opening on a negative note amid trade tensions and data showing a contraction in the nation's GDP growth in April, U.K. stocks recovered some lost ground on Thursday. Still, amid uncertainty about China and the U.S. agreeing on a concrete trade deal anytime soon, and lingering concerns about the European Union finalizing a trade deal before the July 8 deadline, the mood in the market remain
RTTNews | 4h 12min atrás
GameStop Shares Plunge After Plan To Raise $1.75 Bln

GameStop Shares Plunge After Plan To Raise $1.75 Bln

Shares of GameStop Corp. plunged around 11 percent in the extended trading on Wednesday and are currently trading 13 percent lower in the pre-market activity on the NYSE, after the company announced plan to raise $1.75 billion again in private offering, probably for Bitcoin purchase. GameStop's shares had declined sharply in March after the firm announced a $1.3 billion private offering.
RTTNews | 5h 13min atrás