Higher Open Anticipated For Indonesia Stock Market

RTTNews | Před 700 dny

(RTTNews) - The Indonesia stock market on Monday wrote a finish to the two-day losing streak in which it had slumped more than 70 points or 1 percent. The Jakarta Composite Index now sits just above the 6,960-point plateau and it's predicted to move to the upside again on Tuesday.

The global forecast for the Asian markets is positive on an improved outlook for interest rates and support from technology stocks. The European and U.S. markets were up and the Asian bourses are tipped to follow suit.

The JCI finished modestly higher on Monday following gains from the cement stocks and mixed performances from the financials and resource companies.

For the day, the index gained 38.61 points or 0.56 percent to finish at 6,963.39.

Among the actives, Bank CIMB Niaga dropped 0.88 percent, while Bank Danamon tumbled 1.71 percent, Bank Negara advanced 0.80 percent, Bank Mandiri collected 0.42 percent, Bank Rankyat Indonesia strengthened 1.40 percent, Astra International fell 0.39 percent, Aneka Tambang added 0.51 percent, Astra Agro Lestari rose 0.34 percent, Indocement jumped 1.85 percent, Semen Indonesia spiked 2.53 percent, United Tractors retreated 1.47 percent, Indofood gained 0.36 percent, Energy Mega Persada rallied 4.48 percent, Kalbe Farma skyrocketed 8.14 percent, Timah lost 0.56 percent, Bumi Resources tanked 2.08 percent and Bank Central Asia, Indosat Ooredoo Hutchison, Vale Indonesia and Perusahaan Gas Negara were unchanged.

The lead from Wall Street is upbeat as the major averages opened higher on Monday and remained in the green throughout the trading day.

The Dow advanced 87.13 points or 0.25 percent to finish at 34,663.72, while the NASDAQ spiked 156.37 points or 1.14 percent to close at 13,917.89 and the S&P 500 gained 29.97 points or 0.67 percent to end at 4,487.46.

The tech-heavy NASDAQ received a boost from a surge by shares of Tesla (TSLA), with the electric car maker spiking by 10.1 percent after Morgan Stanley upgraded its rating on the company's stock to Overweight from Equal-Weight.

The overall strength on Wall Street partly reflected easing concerns about the outlook for interest rates after reports suggested a shift in Federal Reserve officials' stance on rates.

CME Group's FedWatch Tool is currently indicating a 93.0 chance the Fed will leave interest rates unchanged next week. The outlook for November is a little more uncertain, however, with the FedWatch Tool indicating a 54.5 percent chance rates will remain unchanged and a 42.6 percent chance of another quarter point rate hike.

Crude oil prices fell on Monday, retreating from last week's 10-month highs on concerns about the outlook for energy demand from China. West Texas Intermediate Crude oil futures for October ended lower by $0.22 or 0.3 percent at $87.29 a barrel.

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.

RTTNews | Před 37 minutami

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.

RTTNews | Před 1 h 16 min

Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.

RTTNews | Před 1 h 47 min

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

RTTNews | Před 2 h 41 min

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | Před 2 h 49 min

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | Před 3 h 4 min

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.

RTTNews | Před 3 h 11 min

China Stock Market May Hand Back Monday's Gains

The China stock market bounced higher again on Monday, one session after halting the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just beneath the 3,650-point plateau although it's likely to head south again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | Před 3 h 19 min

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