US exchanges closed mostly higher on Thursday (5/2): Dow Jones +0.85%, S&P 500 +0.91% and Nasdaq -0.83%. Markets breathed a slight sigh of relief after the Fed's less hawkish-than-expected meeting. The UST 10Y yield fell -0.84% to 4,659 and the USD Index fell -0.43% to 105,299.
Commodity market closed mixed on Thursday (5/2): WTI oil +0.04% to USD 79.15/bbl; coal +0.51% to USD 147.75/ton; nickel -0.71% to USD 18,793; CPO +0.68% to MYR 3,844, and gold +0.11% to USD 2,314/toz.
Asian markets closed mostly higher on Thursday (5/2): Nikkei –0.10%, Hang Seng +2.50%, Shanghai +0.99%, and KOSPI -0.31%. JCI ended Thursday’s session at at 7,117.4 (-1.61%) with foreign investors recording an overall net buy of IDR 2.59 trillion; IDR 2.5 trillion in the regular market, and IDR 90.3 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BMRI (IDR 1247.5 billion), followed by BBRI (IDR 942.8 billion), and BBNI (IDR 202.8 billion). The largest foreign inflow in the regular market was recorded by ASII (IDR 139.7 billion), followed by TPIA (IDR 117.6 billion), and BREN (IDR 35.6 billion). The top leading movers were BREN, TPIA, and AMMN, while the top lagging movers were BMRI, BBRI, and BBCA.
Nikkei is closed for the day, while KOSPI rose +0.81%. We expect the JCI to move sideways today, given mixed sentiments from global and regional markets.
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