Soft Start Seen For Indonesia Stock Market

RTTNews | Před 1096 dny
Soft Start Seen For Indonesia Stock Market

(RTTNews) - The Indonesia stock market on Tuesday snapped the three-day slide in which it had retreated almost 200 points or 2.9 percent. The Jakarta Composite Index now rests just beneath the 7,050-point plateau although it may head south again on Wednesday.

The global forecast is cautious ahead of the U.S. interest rate decision later today. The European markets were down and the U.S. bourses were mixed and little changed, and the oversold Asian markets figure to see little movement ahead of the rate decision.

The JCI finished modestly higher on Tuesday following gains from the financial shares and cement stocks, while the resource companies were mixed.

For the day, the index advanced 54.44 points or 0.78 percent to finish at the daily high of 7,049.88 after moving as low as 6,932.71.

Among the actives, Bank Danamon Indonesia fell 0.41 percent, while Bank CIMB Niaga shed 0.49 percent, Bank Negara Indonesia perked 0.30 percent, Bank Central Asia collected 0.68 percent, Bank Mandiri climbed 1.23 percent, Bank Rakyat Indonesia added 0.46 percent, Indosat soared 3.85 percent, Indocement advanced 0.82 percent, Semen Indonesia surged 4.20 percent, Indofood Suskes improved 0.73 percent, United Tractors rallied 2.85 percent, Astra International sank 0.71 percent, Energi Mega Persada skyrocketed 11.11 percent, Bakrie Sumatera Plantations spiked 2.54 percent, Astra Agro Lestari lost 0.46 percent, Aneka Tambang plunged 3.54 percent, Timah strengthened 1.09 percent and Bumi Resources and Vale Indonesia were unchanged.

The lead from Wall Street is murky after the major averages shook off a higher open on Friday. The Dow and S&P quickly turned lower and stayed that way, while the NASDAQ bounced back and forth across the line to finish higher.

The Dow dropped 151.91 points or 0.50 percent to finish at 30,364.83, while the NASDAQ added 19.12 points or 0.18 percent to close at 10,828.35 and the S&P 500 dipped 14.15 points or 0.38 percent to end at 3,735.48.

The choppy trade on Wall Street comes ahead of the Federal Reserve's monetary policy announcement later today.

The Fed is expected to hike interest rates by 50 basis points, although forecasts are suggesting a 75-bp increase.

In economic news, the Labor Department said producer prices increased on a monthly basis but eased off a 21-year high annually.

Crude oil futures drifted lower Tuesday on reports of a likely proposal to impose a federal surtax on oil companies to curb rising inflation. West Texas Intermediate Crude oil futures for July ended lower by $2.00 or 1.7 percent at $118.93 a barrel.

Closer to home, Indonesia will provide May numbers for imports, exports and trade balance later today. Imports are expected to surged 34.32 percent on year, accelerating from 21.97 percent in April. Exports are called higher by an annual 39.35 percent, slowing from 47.76 percent in the previous month. The trade surplus is pegged at $3.5 billion, down from 7.56 billion a month earlier.

read more
Canadian Dollar Higher Amid Rising Oil Prices

Canadian Dollar Higher Amid Rising Oil Prices

The Canadian dollar advanced against its most major counterparts in the New York session on Friday amid a spike in oil prices after Israel launched fresh wave of attacks on Iran.
RTTNews | Před 1 dnem
Swiss Stock Market Heads South On Friday

Swiss Stock Market Heads South On Friday

The Swiss stock market turned lower again on Friday, one day after snapping the two-day slide in which it had given up more than 50 points or 0.4 percent.
RTTNews | Před 1 dnem
U.S. Consumer Sentiment Improves Much More Than Expected In June

U.S. Consumer Sentiment Improves Much More Than Expected In June

Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.
RTTNews | Před 1 dnem
CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 1.2 million Anker Power Banks, as well as hedge trimmers, high chairs, mattresses, pool covers and Skywalker Pro Via Ferrata Sets. China- based Anker Innovations Limited has called back about 1.16 million units of power banks citing fire and burn risks, and TTI Outdoor Power Equipment recalled...
RTTNews | Před 1 dnem
FTSE 100 Falls Amidst Israel-Iran Conflict

FTSE 100 Falls Amidst Israel-Iran Conflict

Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
RTTNews | Před 1 dnem
Eurozone Trade Surplus Declines To 3-Month Low

Eurozone Trade Surplus Declines To 3-Month Low

Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
RTTNews | Před 1 dnem
Geopolitical Tensions Drag Down CAC 40

Geopolitical Tensions Drag Down CAC 40

An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
RTTNews | Před 1 dnem