US stocks closed higher on Monday (4/17); Dow Jones +0.3%, S&P 500 +0.33%, and Nasdaq +0.28%. US earnings season continues with mixed results from State Street and Charles Schwab (The Fed is closely monitoring the performance of financial names after the banking liquidity crisis last month). UST 10Y yield rose +3.51% to 3.60%, and the USD index went up +0.53% to 102.09.

 

Commodity market closed lower on Monday (4/17); WTI oil -2.05% to USD 80.83/bbl, Brent -0.2% to USD 86/bbl, coal -0.53% to USD 187/ton, nickel +0.55% to USD 24,697 and CPO -0.32% to MYR 3,636. Gold slipped -0.44% to USD 2,007/toz.

 

Asian stocks closed higher on Monday (4/17); Kospi +0.38%, Nikkei +0.12%, Hang Seng +0.46%, and Shanghai +0.6%. JCI fell -0.45% to 6,787.6, with overall net foreign buy of IDR 416.3 billion; IDR 444.9 billion net buy in the regular market, and -IDR 28.6 billion net sell in the negotiated market. The largest foreign inflow in the regular market was recorded by BBCA (IDR 238.3 billion), followed by BBRI (IDR 132.1 billion), and TLKM (IDR 108.3 billion). The largest foreign outflow in the regular market was recorded by BMRI (IDR 84.2 billion), followed by SMGR (IDR 42.1 billion), and ESSA (IDR 35.3 billion). Top leading movers were BYAN, TPIA, and BBCA, while the top lagging movers were BBRI, BMRI, and TLKM.

 

Nikkei rose +0.028% this morning, while KOSPI fell -0.29%. We expect the JCI to move sideways today, given mixed sentiments from global and regional markets.