Indonesia Stock Market Tipped To Open In The Green

RTTNews | 945 ngày trước
Indonesia Stock Market Tipped To Open In The Green

(RTTNews) - The Indonesia stock market bounced higher again on Thursday, one session after halting the two-day winning streak in which it had accelerated more than 120 points or 1.8 percent. The Jakarta Composite Index now rests just above the 6,860-point plateau and it's expected to open higher again on Friday.

The global forecast for the oversold Asian markets is upbeat, with bargain hunting on the docket as window dressing before the end of the year. The European and U.S. markets were firmly higher and the Asian markets are tipped to follow suit.

The JCI finished slightly higher on Thursday following mixed performances from the financial shares and resource stocks.

For the day, the index rose 9.56 points or 0.14 percent to finish at 6,860.08.

Among the actives, Bank Danamon Indonesia shed 0.73 percent, while Bank CIMB Niaga fell 0.42 percent, Bank Central Asia sank 0.87 percent, Bank Rakyat Indonesia collected 1.04 percent, Indosat Ooredoo Hutchison gained 0.42 percent, Indocement skidded 1.00 percent, Indofood Suskes climbed 1.12 percent, United Tractors perked 0.38 percent, Astra International added 0.44 percent, Energi Mega Persada strengthened 1.37 percent, Astra Agro Lestari rose 0.31 percent, Vale Indonesia improved 0.70 percent and Timah, Bumi Resources, Bank Mandiri, Aneka Tambang, Semen Indonesia and Bank Negara Indonesia were unchanged.

The lead from Wall Street is broadly positive as the major averages opened sharply higher and remained firmly elevated throughout the day, ending near session highs.

The Dow jumped 345.09 points or 1.05 percent to finish at 33,220.80, while the NASDAQ spiked 264.80 points or 2.59 percent to end at 10,478.09 and the S&P 500 advanced 66.06 points or 1.75 percent to close at 3,849.28.

The rally on Wall Street partly reflected bargain hunting, particularly among tech stocks, which moved sharply lower over the two preceding sessions.

Overall trading activity remained subdued amid the holidays, however, with below average volume potentially exaggerating recent moves.

In U.S. economic news, the Labor Department released a report showing first-time claims for U.S. unemployment benefits rose by slightly more than expected in the week ended December 24.

Crude oil prices drifted lower Thursday, weighed down by data showing an increase in U.S. crude inventories last week, although a weak dollar limited oil's downside. West Texas Intermediate Crude oil futures for February ended lower by $0.56 at $78.40 a barrel.

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 | 4h 5phút trước
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 | 4h 35phút trước
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 | 7h 24phút trước
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 | 8h 6phút trước
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 | 8h 14phút trước
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 | 9h 1phút trước