U.S markets closed higher on Wednesday (Dec 3): Dow +0.86%, S&P 500 +0.30%, and Nasdaq +0.70%. Wall Street gained steam after the latest ADP employment data boosted expectations that the Federal Reserve will cut interest rates at next week’s meeting. The 10-year U.S. Treasury yield fell -0.61% (-0.025bps) to 4.065%, while USD Index slipped -0.06% to 98.8.
Commodity markets closed lower on Wednesday (Dec 3): WTI -1.40% to USD 58.63/bbl, Brent -1.31% to USD 62.43/bbl, coal -0.28% to USD 108.50/ton, CPO -0.02% to MYR 4,156/ton, and gold -0.13% to USD 4,204.75/oz.
Asian markets closed mixed on Wednesday (Dec 3): Kospi +1.04%, Hang Seng -1.28%, Nikkei +1.14%, and Shanghai -0.51%. The JCI inched down -0.06% to 8,611.8, with total foreign net buy of IDR 70.5 billion. In regular market, foreign investors booked net sell of IDR 229.3 billion, while in negotiated market they recorded net buy of IDR 299.8 billion. The largest foreign net buys in the regular market were recorded by FILM (IDR 212.9 billion), BMRI (IDR 188.7 billion), and INET (IDR 140.4 billion). The biggest net sells were posted by BBRI (IDR 465.4 billion), CDIA (IDR 208.3 billion), and BUMI (IDR 99.1 billion). Top leading movers were DCII, FILM, and MORA, while top lagging movers were DSSA, BBRI, and BBCA.
This morning, Nikkei opened higher (+0.65%) while Kospi opened lower (-0.64%). We expect the JCI to trade sideways today amid mixed sentiment across regional 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.
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