US Index was mixed with DJI up by 0.11%, yet the S&P500 and Nasdaq pulled back even more after the Christmas break. This was triggered by USDT10Y bond yields that went upside to nearly 11bps at 3.85%, as well as the release of US Goods Trade Balance (Nov.) economic data, which deficit narrowed to USD83.35 billion (vs. USD98.8 billion).
US and Europe countries’ regional markets are still closed due to the Christmas holiday. In await for important US economic data: Pending Home Sales (MoM) (Nov), Initial Jobless Claims, and Crude Oil Inventories that will be announced this Wednesday and Thursday, the US extreme weather becomes a worldwide concern as it has inflicted 25 fatalities in New York (of at least a total of 55 deaths recorded across the US since last Christmas weekend).
US and Europe countries’ regional markets are still closed due to the Christmas holiday. In await for important US economic data: Pending Home Sales (MoM) (Nov), Initial Jobless Claims, and Crude Oil Inventories that will be announced this Wednesday and Thursday, the US extreme weather becomes a worldwide concern as it has inflicted 25 fatalities in New York (of at least a total of 55 deaths recorded across the US since last Christmas weekend).
After closing last week with a gain of 0.93%, US Index will take a break, as well as the other global exchanges for the Christmas holidays. The absence of market direction has caused the market may pay attention to global issues.
Last week, the Dow Jones went quite volatile, moving in the range of 32,814-33,226; and finally managed to obtain a weekly gain of 0.93%.
After closing last week with a gain of 0.93%, US Index will take a break, as well as the other global exchanges for the Christmas holidays. The absence of market direction has caused the market may pay attention to global issues.
US stock index was pressured by more than 1%, triggered by a sell-off in Technology & Consumer stocks that started by the Micron Technology Inc., which corrected by 3% after reporting a below expectations quarterly performance and concerns on the future bleak economic would worsen the demand.
All three US indexes rallied again for the second day, supported by a solid quarterly performance report and a rally in Technology stocks after Conference Board’s consumer confidence data jumped to 108.3 from 101.4, even surpassing economists’ forecasts of 101.
In 3Q22, ERAA posted revenue of IDR11.5 trillion, with the Accessories segment leading the growth. 3Q22 gross profit grew by 37.2% YoY to IDR1.1 trillion, amid an increase in the cost of goods sold by 15.6% YoY.
