US markets are closed due to Juneteenth National Independence Day (6/19); Dow Jones +0%, S&P 500 +0%, and Nasdaq +0%. Investors appeared to be open to the Federal Reserve's choice to refrain from raising interest rates in June, as stated by Federal Reserve Chairman Jerome Powell during a press conference last Wednesday. Powell mentioned that the central bank has not yet determined its policy direction leading up to the July meeting. Nevertheless, policymakers are predicting two additional quarter-point rate hikes to take place later in the year. The UST 10Y yield rose +1.67% (+6bps) to 3.830%, and the USD index rose +0.27% to 102.52.
Commodity market closed lower on Monday (6/19); WTI oil -0.68% to USD 71.29/bbl, Brent -0.1 to USD 77.0/bbl, coal -0.08% to USD 128.35/ton, nickel -1.89% to USD 22,509, and CPO +0.43% to MYR 3,758 level. Gold -0.37% USD 1.964/toz.
Asian markets closed lower on Monday (6/19): Kospi -0.38%, Nikkei -0.01%, Hang Seng -0.64%, and Shanghai -0.54%. JCI ended the session at 6,686 (-0.19%), with foreign investors recording an overall overall net sell of IDR 408.9 billion; IDR -348.2 billion in the regular market, and IDR -60.7 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BBCA (IDR -130.5 billion), followed by TLKM (IDR -88.8 billion), and GOTO (IDR -54.5 billion). The largest foreign inflow in the regular market was recorded by BBRI (IDR 40.1 billion), followed by BUMI (IDR 18.7 billion), and ICBP (IDR 12.2 billion). Today's top sector gainer is IDXPROP sector, while today's top sector loser is IDXTECH. Top leading movers are BBHI, INDF, ASII, while top lagging movers are BBCA, BBRI, ISAT.
Nikkei fell -0.37% this morning, and KOSPI fell -0.36%. We expect the JCI to decline today, given negative sentiments from global and regional markets.
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