Starting the first week of the second half of 2023, Indonesia released Inflation (June) data which successfully slid to 3.52% yoy, lower than consensus & 4% in May. Even Core Inflation was also reduced back to 2.58% yoy, also lower than forecast & previous month at 2.66%, safely below the 3% ideal limit set by Bank Indonesia (BI).
The US market notched a weekly loss on Friday as traders weighed a weaker monthly jobs report for June (that missed esstimates for the first time in 15 months), against expectations that the Federal Reserve still remains likely to resume rate hike later this month.
The Dow Jones notched a weekly loss after closing lower 0.55%/187 points on Friday as traders weighed a weaker monthly jobs report for June (that missed estimates for the first time in 15 months), against expectations that the Federal Reserve still remains likely to resume rate hike later this month.
The Dow Jones closed lower by 366 points/1.1% on Thursday (06/07/23), leading the weakness between the Nasdaq and the S&P 500, as economic data showing the job market continues to run hot sparked a flurry of bets on further Federal Reserve rate hikes; sending Treasury yields surging higher ahead of the monthly jobs report due Friday.
The Dow Jones closed lower by 366 points/1.1% on Thursday (06/07/23), leading the weakness between the Nasdaq and the S&P 500, as economic data showing the job market continues to run hot sparked a flurry of bets on further Federal Reserve rate hikes; sending Treasury yields surging higher ahead of the monthly jobs report due Friday.
The US markets digested the Federal Reserve’s minutes from its June meeting, which showed further appetite to resume hike, bringing the major stock indexes down just under 0.5%. Nearly 90% of traders expect the Fed to resume rate hike in July, according to Investing.com’s Fed Rate Monitor Tool.
The Dow Jones and other indexes closed lower on Wednesday (05/07/23), as the Federal Reserve’s minutes from its June meeting showed further appetite to resume hikes; though big tech was largely higher as Meta surged to a 52-week high ahead of the launch of its rival Twitter app.
Global stock markets were flat, searching for direction with Wall Street set to remain closed on Tuesday for the 4th of July holiday. The markets were looking for clues from economic data announcements.
Global stock markets were flat, searching for direction with Wall Street set to remain closed on Tuesday for the 4th of July holiday. The markets were looking for clues from economic data announcements.
