A series of economic data that came out last week further strengthened the prediction that global Central Banks will still keep interest rates high. Starting from the US Consumer Price Index (Jan.) at 6.4% YoY, which was still higher than expected although it managed to be lower than the previous month’s 6.5%; and the US Producer Price Index (Jan.) which actually strengthened above expectations to 6% YoY, vs. the surveyed 5.4%.
Ahead in the week, market participants will be looking towards series of important macroeconomic data; preliminary services and manufacturing PMIs, existing home sales, FOMC meeting minutes, GDP and PCE data as well as personal spending and Michigan consumer sentiment and expectations.
The US stock market closed mixed at the end of last week, totaling S&P 500’s moves to fell by 0.3% (but gained 6% YTD) during the week. DJIA edged down 0.1%, and Nasdaq gained 0.6% (surged 13% YTD).
Perseroan bergerak di bidang pertanian dan perkebunan sawit, termasuk menjalankan usaha dalam bidang pertanian, perkebunan dan kehutanan pada umumnya tetapi tidak terbatas pada usaha Agroindustri, Agrobisnis, Industri Pertanian, Perkebunan Tanaman Industri dan Perkebunan Kelapa Sawit…
PT Petrindo Jaya Kreasi merupakan perusahaan induk yang menjalankan kegiatan usaha aktivitas Perusahaan Holding (KBLI No. 64200), yang mencakup kegiatan dari perusahaan holding (holding companies), yaitu perusahaan yang menguasai aset dari sekelompok perusahaan subsidiary dan kegiatan utamanya adalah kepemilikan kelompok tersebut.
The USD hit a 6-week high, and Treasury yields rallied after US economic data showed producer-level inflation (Jan.) came in higher than expected, while jobless claims were lower; further pressuring the Federal Reserve to continue maintaining a tight monetary policy to combat the inflation.
Major US stock index fell above 1%; as the USD hit a 6-week high, and Treasury yields rallied after US economic data showed producer-level inflation (Jan.) came in higher than expected, while jobless claims were lower; further pressuring the Federal Reserve to continue maintaining a tight monetary policy to combat the inflation.
Kegiatan usaha utama Perseroan adalah bergerak dalam bidang real estat. Kegiatan usaha yang saat ini dilakukan oleh Perseroan adalah di bidang aktivitas perusahaan holding dan real estat yang dimiliki sendiri atau disewa.
USD rallied along with an increase in US Treasury yield; amid the release of US Retail Sales (Jan.) data that rallied to a 2-year high, implying a resilient economy in terms of consumer spending; indicating the US central bank will keep interest rate high for a while longer.
