SUN Benchmark Weakened to A Limited Extent
SUN Benchmark weakened to a limited extent, amid the less effective BI 7DRRR level of 4.25%. Yesterday, the rupiah exchange rate touched IDR13,385/USD before finally closing at IDR15,357/USD.
Daily Report | 13 October 2022
The producer-price level logs downwards, Wall Street opens higher. US PPI Final Demand Sept. YoY go down to level 8.5% (Vs. Aug. 8.7%); indicating that the supply chain starts to recover, as well as a price decrease in several commodities from its highest levels.
Investors Are Interested in The 10-Year SUN Benchmark Candidate
Investors are interested in the 10-Year SUN Benchmark candidate. FR96 recorded an entry bid of up to IDR6.8Trillion or the highest compared to FR95, FR98, FR97 and FR89 in yesterday’s SUN auction.
Daily Report | 12 Oktober 2022
Wall Street mixed in the upcoming 3Q22 Earning Results. Investors anticipate profit expectations downwards amid inflationary pressures and high-interest rates.
Public Optimism Decreased
Public optimism decreased, occurring in all expenditure categories. Consumer Confidence Index Indonesia Sept. fell to the level of 117.2 points (Vs. Aug. 124.7 points), during that period the inflation rate increased significantly, or the annual CPI Headline was close to 6%, and monthly exceeded 1%.
Daily Report | 11 October 2022
Investors anticipate Big Banks Earning Results next Friday, as some analysts have lowered their projections on 3Q22 performance, companies that are involved in S&P500, only grow +4,1% YoY (Vs. Prev. Est. +11,1% YoY).
Weekly Report | 10 October 2022
US economy Resilient, ready for 4% FFR. The US labor market is solid, the Unemployment Rate drops to a low of 3.50%; and ADP Employment Change Sept. added +12% MoM, indicating the US economy is poised for further FFR hikes to 4% next November, complementing Hattrick’s +75Bps FFR hikes last September, July and June.
US Economy Resilient and Ready for 4% FFR
US economy Resilient, ready for 4% FFR. The US labor market is solid, the Unemployment Rate drops to a low of 3.50%; and ADP Employment Change Sept. added +12% MoM, indicating the US economy is poised for further FFR hikes to 4% next November.
Daily Report | 10 October 2022
US Unemployment Rate Sept. down to 3.50% level (Vs. Aug. 3.7%); indicates the economy remains resilient, or is ready to face a further increase in FFR. Investors responded negatively to a potential increase in FFR of +75 bps four times in a row, bringing FFR to 4% in early November.
