Stock markets in other parts of the world continued their rally on Monday as the US stock market celebrated the Martin Luther King holiday, with optimism over the global economy, inflation coming under control, and China’s reopening sentiment; all of which seemed to offset concerns over the Bank of Japan (BOJ)’s discourse to tighten its monetary policy, thereby driving the yen climbed to its highest since May.
HANG SENG & DJI closed their tradings last week with positive notes as the indices gained 2.08% and 1.7%, respectively, while JCI is still struggling in the negative territory of -0.64% as the aftermath of IDR2.41 trillion Foreign Net Sell from all markets.
Perseroan didirikan pada tahun 2011 dan memulai operasional pada tahun 2012 dengan kegiatan usaha Real Estat Yang Dimiliki Sendiri Atau Disewa dengan spesifik pada pengembangan properti logistik (pergudangan).
Both the S&P500 and Nasdaq indices closed last week by recording their highest gains of the month, supported by gains in banking stocks due to their favorable quarterly results.
US inflation data fell for the first time since May 2020, bolstering optimism that the Federal Reserve will downshift to a smaller rate hike at next month’s FOMC Meeting, which is at 0.25% (probability 92%).
All three Wall Street Indices closed higher on Thursday due to US Inflation data that fell for the first time since May 2020, bolstering optimism that the Federal Reserve will downshift to a smaller rate hike at next month’s FOMC Meeting, which is 0.25% (probability 92%).
The Dow Jones Index continued to rally by gaining 0.8% or 268 points, followed by the Nasdaq +1.8% and S&P500 +1.3% after the market participants expected the inflation data (Dec.) will able to show a decline, judging from the labor report (Dec.), which has also started to narrow.
The Dow closed higher by 0.56% or 186 points, underpinned by a rally in the communication sector, followed by Nasdaq +1% and S&P500 +0.69% as the market welcomed the US Inflation data (Dec.), which supposedly released on Thursday beginning to show a decline so the Fed could be more dovish.
U.S. 10-year Treasury yields slipped further as December U.S. employment data began to show weakness, providing support to rate-sensitive sector, such as Technology , as investors began to expect a more dovish tone from the Fed. Fed Fund Futures projects the highest rate to fall from 5% compared to last week.
