Win Streak May Continue For Indonesia Shares

RTTNews | hace 575
Win Streak May Continue For Indonesia Shares

(RTTNews) - The Indonesia stock market has moved higher in two straight sessions, collecting more than 50 points or 0.7 percent along the way. The Jakarta Composite Index now sits just beneath the 6,860-point plateau and it may extend its gains on Wednesday.

The global forecast for the Asian markets is upbeat on better than expected U.S. inflation data, which fueled optimism over interest rates. The European and U.S. markets were firmly higher and the Asian bourses figure to follow suit.

The JCI finished modestly higher on Tuesday following gains from the resource stocks and a mixed picture from the financial sector.

For the day, the index added 23.74 points or 0.35 percent to finish at 6,862.06 after trading between 6,829.95 and 6,886.81.

Among the actives, Bank CIMB Niaga slid 0.29 percent, while Bank Danamon Indonesia fell 0.37 percent, Bank Negara Indonesia eased 0.20 percent, Bank Central Asia collected 0.56 percent, Bank Rakyat Indonesia climbed 1.00 percent, Indosat Ooredoo Hutchison retreated 1.59 percent, Semen Indonesia tumble 1.97 percent, Indofood Suskes skidded 1.16 percent, Astra International added 0.44 percent, Energi Mega Persada surged 4.72 percent, Astra Agro Lestari increased 0.36 percent, Vale Indonesia soared 3.02 percent, Bumi Resources advanced 0.90 percent and Bank Mandiri, Aneka Tambang, Indocement, United Tractors and Timah were unchanged.

The lead from Wall Street is broadly positive as the major averages opened sharply higher on Tuesday and stayed that way throughout the session.

The Dow surged 489.83 points or 1.43 percent to finish at 34,827.70, while the NASDAQ rallied 326.64 points or 2.37 percent to end at 14,094.38 and the S&P 500 jumped 84.15 points or 1.91 percent to close at 4,495.70.

The rally on Wall Street came following the release of the Labor Department's highly anticipated report on consumer price inflation in October, which came in lower than expected.

The report may provide the Federal Reserve with confidence that inflation is on a downward trajectory, so further rate hikes may not be necessary.

Treasury yields moved sharply lower following the release of the report, adding to the buying interest on Wall Street.

Crude oil futures failed to hold gains and settled flat on Tuesday as traders reacted to a report from the International Energy Agency that oil markets won't be as tight as expected this quarter. West Texas Intermediate Crude oil futures for December settled at $78.26 a barrel, unchanged from the previous close.

Closer to home, Indonesia will release October numbers for imports, exports and trade balance later today. Imports are expected to fall 8.7 percent on year after sinking 12.45 percent in September. Exports are called lower by an annual 15.6 percent after tumbling 16.17 percent in the previous month. The trade surplus is pegged at $3.30 billion, down from $3.42 billion a month earlier.

read more
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, after US President Donald Trump said he and Chinese President Xi Jinping "are going to work closely together to open up China to American Trade." However, signs of escalating geopolitical tensions in the Middle East are weighing on market sentiment.
RTTNews | hace 47 minutos
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Indian shares look set to open lower on Thursday as oil prices climbed on signs of rising tensions in the Middle East and U.S. President Donald Trump said he would notify trading partners within the next one to two weeks about the new unilateral tariff rates, with the choice to accept or reject them.
RTTNews | hace 1h 24min
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
RTTNews | hace 1h 57min
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | hace 2h 19min
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | hace 2h 27min
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | hace 2h 39min
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | hace 2h 42min
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | hace 3h 27min