Lower Open Anticipated For Indonesia Stock Market

RTTNews | 15 일 전
Lower Open Anticipated For Indonesia Stock Market

(RTTNews) - The Indonesia stock market has moved higher in seven straight sessions, gathering more than 270 points or 3.9 percent along the way. The Jakarta Composite Index now sits just above the 7,140-point plateau although it's overdue for consolidation on Wednesday.

The global forecast for the Asian markets is soft, with weakness expected from the oil, finance and property stocks, while the technology companies may offer support. The European markets were down and the U.S. bourses were also mostly soft and the Asian market figure to open in the red.

The JCI finished modestly higher again on Tuesday following gains from the financial shares and a mixed picture from the resource companies.

For the day, the index added 43.32 points or 0.61 percent to finish at 7,140.47 after trading between 7,079.03 and 7,161.84.

Among the actives, Bank Mandiri rose 0.21 percent, while Bank Negara Indonesia collected 0.25 percent, Bank Central Asia and Vale Indonesia both rose 0.29 percent, Bank Rakyat Indonesia rallied 2.65 percent, Indosat Ooredoo Hutchison shed 0.49 percent, Indocement lost 0.45 percent, Semen Indonesia fell 0.36 percent, Indofood Sukses Makmur dipped 0.30 percent, United Tractors perked 0.11 percent, Energi Mega Persada surged 3.80 percent, Astra Agro Lestari sank 0.84 percent, Aneka Tambang dropped 0.99 percent, Bumi Resources slumped 1.74 percent and Timah, Bank CIMB Niaga, Bank Danamon Indonesia and Astra International were unchanged.

The lead from Wall Street is weak as the major averages opened mixed on Tuesday and trended generally lower, remaining mixed at the close.

The Dow tumbled 436.36 points or 0.98 percent to finish at 44,023.29, while the NASDAQ gained 37.47 points or 0.18 percent to close at a record 20,677.80 and the S&P 500 sank 24,80 points or 0.40 percent to end at 6,243.76.

The uptick by the NASDAQ came amid strength in the semiconductor stocks, as reflected by the 1.3 percent gain posted by the Philadelphia Semiconductor Index. The index ended the session at its best closing level in a year.

Nvidia (NVDA) helped lead the sector higher, with the AI darling surging by 4.0 percent to a record closing high after indicating it will "soon" resume H20 AI chip sales to China.

On the other hand, housing stocks moved sharply lower on the day, resulting in a 3.3 percent plunge by the Philadelphia Housing Sector Index. Oil service stocks also slumped amid a decrease by the price of crude oil, dragging the Philadelphia Oil Service Index down by 3.1 percent.

Crude oil price fell modestly on Tuesday as the previously predicted supply-side pressure from Russia due to President Donald Trump's sanctions waned with his 50-day ultimatum. West Texas Intermediate crude for August delivery closed down by $0.46 at $66.52 per barrel.

Closer to home, the central bank in Indonesia will wrap up its monetary policy meeting later today and then announce its decision on interest rates. The benchmark lending rate (5.50 percent), deposit facility rate (4.75 percent), and lending facility rate (6.25 percent) are all expected to be unchanged.

read more
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.
RTTNews | 4 시간 5 분 전
European Stocks Close Mostly Weak As Investors React To Earnings

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.
RTTNews | 4 시간 35 분 전
U.S. Consumer Price Growth Matches Estimates In June

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.
RTTNews | 7 시간 24 분 전
German Unemployment Rises In July

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.
RTTNews | 8 시간 6 분 전
U.S. Jobless Claims Inch Up Less Than Expected To 218,000

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.
RTTNews | 8 시간 14 분 전
Bay Street Looks Headed For Positive Start

Bay Street Looks Headed For Positive Start

Canadian shares look headed for a positive start Thursday morning, with investor sentiment getting a boost thanks to strong results from US tech majors Meta Platforms and Microsoft.
RTTNews | 9 시간 1 분 전