Indonesia Bourse May Challenge 8,000-Point Level

RTTNews | il y a 16h 7min

(RTTNews) - The Indonesia stock market has moved higher in four straight sessions, advancing more than 300 points or 4 percent in that span. The Jakarta Composite Index now rests just beneath the 7,940-point plateau and it may extend its gains again on Tuesday.

The global forecast for the Asian markets is positive on an improving outlook for interest rates. The European and U.S. markets were up and the Asian bourses are expected to follow suit.

The JCI finished sharply higher on Monday following gains from the financial shares, food companies and resource stocks.

For the day, the index climbed 83.06 points or 1.06 percent to finish at the daily high of 7,937.12 after trading as low as 7,889.19.

Among the actives, Bank CIMB Niaga collected 0.87 percent, while Bank Mandiri rose 0.22 percent, Bank Danamon Indonesia added 0.40 percent, Bank Negara Indonesia stumbled 2.43 percent, Bank Central Asia climbed 1.26 percent, Bank Rakyat Indonesia slumped 0.96 percent, Indosat Ooredoo Hutchison gained 0.79 percent, Indocement sank 0.70 percent, Semen Indonesia improved 0.70 percent, Indofood Sukses Makmur strengthened 1.32 percent, United Tractors shed 0.66 percent, Astra International dropped 0.88 percent, Energi Mega Persada soared 5.74 percent, Astra Agro Lestari rallied 2.04 percent, Vale Indonesia surged 6.18 percent, Bumi Resources rallied 3.64 percent and Timah and Aneka Tambang were unchanged.

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

The Dow rose 49.23 points or 0.11 percent to finish at 45,883.45, while the NASDAQ jumped 207.65 points or 0.94 percent to end at a record 22,348.75 and the S&P 500 gained 30.99 points or 0.47 percent to close at 6,615.28, also a record.

The strength on Wall Street came following positive comments from President Donald Trump about trade talks between top U.S. and Chinese officials in Europe.

Traders also continued to look ahead to the Federal Reserve's monetary policy announcement on Wednesday. With recent data showing relatively subdued inflation and a weakening labor market, the Fed is widely expected to lower interest rates by at least a quarter-point.

Traders are likely to pay close attention to the Fed's accompanying statement as well as Fed Chair Jerome Powell's post-meeting comments for clues about the likelihood of further rate cuts.

Crude oil moved sharply higher on Monday amid brewing Middle East tensions and the heightening Russia-Ukraine war even as softening demand concerns surface. West Texas Intermediate crude for October delivery was up $0.58 or 0.93 percent at $63.27 per barrel.

U.S. Business Inventories Rise 0.2% In July, In Line With Estimates

The Commerce Department released a report on Tuesday showing business inventories in the U.S. increased in line with expectations in the month of July. The report said business inventories rose by 0.2 percent in July, matching the increase seen June as well as economist estimates.

RTTNews | il y a 24 minutes

U.S. Homebuilder Confidence Holds Steady In September

Homebuilder confidence in the U.S. held steady in the month of September, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index came in at 32 in September, unchanged from August. Economists had expected the index to inch up to 33.

RTTNews | il y a 52 minutes

U.S. Industrial Production Unexpectedly Inches Slightly Higher In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production crept up by 0.1 percent in August after falling by a downwardly revised 0.4 percent in July. Economists had expected industrial production to slip by 0.1 percent.

RTTNews | il y a 1h 9min

U.S. Import Prices Unexpectedly Increase In August

A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August. The Labor Department said import prices rose by 0.3 percent in August after inching up by a downwardly revised 0.2 percent in July. Economists had expected import prices to edge down by 0.1 percent.

RTTNews | il y a 1h 26min

Canadian Market Drifts Lower In Cautious Trade

The Canadian market is down in negative territory Tuesday morning, as data showing an increase in the nation's consumer price inflation dimmed the extent of rate cuts this year although the Canadian central bank is widely expected to lower interest rate by 25 basis points on Wednesday.

RTTNews | il y a 1h 52min

U.S. Retail Sales Climb 0.6% In August, Much More Than Expected

The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August. The report said retail sales climbed by 0.6 percent in August, matching an upwardly revised increase in July. Economists had expected retail sales to inch up by 0.2 percent compared to the 0.5 percent growth originally reported for the previous month.

RTTNews | il y a 2h 52min

U.S. Industrial Production Unexpectedly Inches Up 0.1% In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday.

RTTNews | il y a 4h 19min

Eurozone Industrial Production Recovers In July

Eurozone industrial production recovered at a moderate pace in July due to the rebound in consumer and capital goods output despite tariff threats, official data showed Tuesday. Industrial production registered a monthly growth of 0.3 percent, in contrast to the 0.6 percent decrease in June, Eurostat reported. However, the rate was slightly weaker than the forecast of 0.4 percent.

RTTNews | il y a 4h 45min

EURUSD	1.187	GBPUSD	1.3659	AUDUSD	0.66856
USDJPY	146.339	USDCAD	1.37422	USDCHF	0.78636