Soft Start Predicted For Indonesia Stock Market

RTTNews | 665 ngày trước

(RTTNews) - The Indonesia stock market has alternated between positive and negative finishes through the last seven trading days since the end of the two-day slide in which it had gathered more than 35 points or 0.5 percent. The Jakarta Composite Index now sits just above the 6,875-point plateau although it's expected to open lower again on Thursday.

The global forecast for the Asian markets is murky ahead of key inflation data from the United States. The European markets were up and the U.S. bourses were down and the Asian markets figure to split the difference.

The JCI finished slightly higher on Wednesday following mixed performances from the financial shares, cement companies and resource stocks.

For the day, the index picked up 6.30 points or 0.09 percent to finish at 6,875.11 points or 0.09 percent to finish at 6,875.11.

Among the actives, Bank CIMB Niaga dropped 0.84 percent, while Bank Danamon Indonesia fell 0.33 percent, Bank Negara Indonesia jumped 1.68 percent, Bank Central Asia spiked 2.17 percent, Bank Rakyat Indonesia improved 1.33 percent, Indosat Ooredoo Hutchison soared 3.89 percent, Indocement rallied 2.33 percent, Semen Indonesia tanked 2.55 percent, Indofood Suskes lost 0.36 percent, United Tractors advanced 0.82 percent, Astra International rose 0.36 percent, Energi Mega Persada plummeted 4.07 percent, Astra Agro Lestari shed 0.65 percent, Vale Indonesia skidded 1.15 percent, Timah sank 1.09 percent, Bumi Resources plunged 3.73 percent and Bank Mandiri and Aneka Tambang were unchanged.

The lead from Wall Street is negative as the major averages opened flat on Wednesday before heading south shortly thereafter; they made back some ground as the day progressed but still finished solidly in the red.

The Dow stumbled 191.13 points or 0.54 percent to finish at 35,123.36, while the NASDAQ dropped 162.31 points or 1.17 percent to close at 13.722.02 and the S&P 500 sank 31.67 points or 0.70 percent to end at 4,467.71.

The lower close on Wall Street came as traders remained cautious ahead of the release of a key report on consumer price inflation later today.

Traders will be looking for the report to reinforce expectations that the Federal Reserve will leave interest rates unchanged next month; CME Group's FedWatch Tool is currently indicating an 86.5 percent chance the Fed will keep rates steady in September.

Crude oil prices moved higher on Wednesday, extending recent gains as output cuts by Saudi Arabia and Russia continued to raise concerns about supply. West Texas Intermediate crude for September delivery jumped $1.48 pr 1.8 percent to $84.40 a barrel.

Swiss Market Ends Marginally Up

The Switzerland market, which stayed positive till well past noon on Thursday, suffered a mild setback in the penultimate hour of the session, but recovered to end the day's session marginally higher. Investors reacted positively to the European Central Bank's decision to lower interest rate by 25 basis points.

RTTNews | 59 phút trước

European Stocks Close Slightly Higher

European stocks closed slightly higher on Thursday with investors digesting the European Central Bank's interest rate decision, and a slew of regional economic data, in addition to assessing the potential impact of Trump Administration's tariff moves on global trade and growth.

RTTNews | 1h 12phút trước

Canadian Market Modestly Higher In Cautious Trade

Canadian stocks are turning in a mixed performance on Thursday with investors largely making cautious moves, looking ahead to the crucial U.S. and Canadian jobs data due on Friday.

RTTNews | 1h 55phút trước

U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated

Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025. The Labor Department said labor productivity slumped by 1.5 percent in the first quarter compared to the previously reported 0.8 percent decline. Economists had expected the decrease by labor productivity to be revised to 0.7 percent.

RTTNews | 4h 25phút trước

U.S. Trade Deficit Narrows Substantially In April As Imports Plummet

Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April. The Commerce Department said the U.S. trade deficit narrowed to $61.6 billion in April from a revised $138.3 billion in March.

RTTNews | 4h 42phút trước

U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st. The report said initial jobless claims climbed to 247,000, an increase of 8,000 from the previous week's revised level of 239,000.

RTTNews | 5h 1phút trước

German Manufacturing Orders Rise Unexpectedly

German manufacturing orders increased in April confounding fears that higher tariffs by the US administration would hit the factory sector, official data revealed Thursday. Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March, Destatis said. This was the second consecutive month of growth. Orders were expected to fall 1.0 percent.

RTTNews | 5h 29phút trước

U.S. Labor Productivity Slumps Much More Than Previously Estimated In Q1

Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025.

RTTNews | 5h 42phút trước

EURUSD	1.14385	GBPUSD	1.35795	AUDUSD	0.6513
USDJPY	143.654	USDCAD	1.36602	USDCHF	0.82028

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Soft Start Predicted For Indonesia Stock Market