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U.S. markets closed higher on Tuesday (9 Sep): Dow +0.43%, S&P 500 +0.27%, Nasdaq +0.37%. The gains came as investors digested revisions to U.S. labor data showing further softening in the job market, while awaiting key inflation data that could shift expectations for rate cuts. The 10Y U.S. Treasury yield rose +1.04% (+0.042 bps) to 4.084%, while the USD Index went up +0.34% to 97.79.
Commodity markets mostly weakened on Tuesday (9 Sep): WTI oil +0.59% to USD 62.63/bbl, Brent oil +0.56% to USD 66.39/bbl, coal -1.86% to USD 105.5/ton, CPO -0.20% to MYR 4,479, and gold -0.26% to USD 3,626.6/oz.
Asian markets closed mixed on Tuesday (9 Sep): Kospi +1.26%, Hang Seng +1.19%, Nikkei -0.42%, Shanghai -0.51%. Meanwhile, the JCI fell -1.78% to 7,628.6, with foreign net sell of IDR 4.55tn (IDR -4.32tn in the regular market and IDR -227.4bn in the negotiated market). The largest foreign outflow from the regular market was recorded in BBCA (IDR 2.10tn), followed by BMRI (IDR 1.38tn), and BBRI (IDR 469bn), while the largest foreign inflow was recorded in ASII (IDR 95.3bn), followed by MDKA (IDR 80.7bn), and INDY (IDR 31.5bn). Leading movers: ASII, UNTR, MDKA; lagging movers: DSSA, BBRI, BMRI.
This morning, Kospi (+0.72%) and Nikkei (+0.32%) opened higher. We expect the JCI to decline today, weighed down by negative sentiment from commodity and domestic markets.
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.
