Mild Upside Seen For Indonesia Stock Market

RTTNews | 858 วันที่ผ่านมา
Mild Upside Seen For Indonesia Stock Market

(RTTNews) - Ahead of the market holiday for Good Friday, the Indonesia stock market had moved lower in back-to-back sessions, slumping more than 40 points or 0.6 percent along the way. The Jakarta Composite Index now sits just above the 6,790-point plateau although it may tick higher on Monday.

There's not much of a global forecast, as most of the markets in Europe and the United States were closed on Friday for Good Friday. Key U.S. employment data was roughly in line with expectations, suggesting a steady if quiet session.

The JCI finished modestly lower on Thursday following losses from the resource stocks and a mixed picture from the financial sector.

For the day, the index shed 26.91 points or 0.39 percent to finish at 6,792.77 after trading between 6,786.29 and 6,832.73.

Among the actives, Bank Danamon Indonesia shed 0.68 percent, while Bank CIMB Niaga improved 0.78 percent, Bank Negara Indonesia added 0.54 percent, Bank Central Asia collected 0.29 percent, Bank Mandiri dropped 0.95 percent, Bank Rakyat Indonesia perked 0.21 percent, Indosat Ooredoo Hutchison skidded 1.10 percent, Indocement jumped 1.80 percent, Indofood Suskes lost 0.40 percent, Astra International retreated 1.25 percent, Energi Mega Persada sank 0.83 percent, Astra Agro Lestari rose 0.30 percent, Vale Indonesia plunged 3.76 percent, Timah tumbled 1.96 percent, Bumi Resources declined 1.52 percent and Aneka Tambang, Semen Indonesia and United Tractors were unchanged.

There is no lead from Wall Street as the stock and oil markets were closed for Good Friday. The big catalyst for the day, however, was the closely watched U.S. jobs report for March.

The Labor Department said that employment in the U.S. increased roughly in line with forecasts in March as non-farm payroll employment climbed by 236,000 jobs after jumping by an upwardly revised 326,000 jobs in February.

Economists had expected employment to rise by about 240,000 jobs compared to the addition of 311,000 jobs originally reported for the previous month.

Also, the unemployment rate edged down to 3.5 percent in March from 3.6 percent in February; the unemployment rate was expected to be unchanged.

The numbers fall in the butter zone, which is to say good enough to dispel fears of an economic slowdown but not so good as the encourage the Federal Reserve to feel comfortable applying another rate hike anytime soon.

read more
Canadian Market Remains In Negative Territory After Weak Start

Canadian Market Remains In Negative Territory After Weak Start

The Canadian market, which opened on a weak note Thursday morning, continues to languish in negative territory well past noon, weighed down by losses in technology and industrials sectors.
RTTNews | 3 ชม. 39 นาทีที่ผ่านมา
Swiss Market Ends Modestly Higher After Mild Struggle

Swiss Market Ends Modestly Higher After Mild Struggle

The Switzerland market recovered after a flat start on Thursday, and after staying positive till well past noon, suffered a setback but regained some strength to eventually end the day's session modestly higher.
RTTNews | 4 ชม. 4 นาทีที่ผ่านมา
Major European Markets Close On Positive Note

Major European Markets Close On Positive Note

Amid expectations of a rate cut from the Federal Reserve in September, and hopes the meeting between the Presidents of the U.S. and Russia will help end the war in Ukraine, the major European markets closed on a positive note on Thursday, although the U.K. market underperformed other major markets in the region.
RTTNews | 4 ชม. 20 นาทีที่ผ่านมา
U.S. Producer Price Growth Far Exceeds Estimates In July

U.S. Producer Price Growth Far Exceeds Estimates In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.
RTTNews | 6 ชม. 48 นาทีที่ผ่านมา
U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.
RTTNews | 7 ชม. 20 นาทีที่ผ่านมา
UK GDP Rises More Than Expected

UK GDP Rises More Than Expected

The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe
RTTNews | 8 ชม. 1 นาทีที่ผ่านมา
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.
RTTNews | 8 ชม. 32 นาทีที่ผ่านมา
S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.
RTTNews | 8 ชม. 36 นาทีที่ผ่านมา