The volatility of the rupiah makes investors wait and see. Investors are watching the wide volatility of the rupiah, ahead of the release of Cadev data. The latest data shows that Cadev in August was valued at USD132.2 billion or relatively the same from the previous month, indicating a potential for capital inflows to Indonesia amid the sentiment of strengthening USD.
Investors are worried about the Non-Farm Payroll data, amid speculation that the FFR +75Bps rises for the fourth time in a row. Wall Street was compactly lower, with the DJIA down nearly 350 points, as investors awaited the release of the Sept. US Change in Non-Farm Payroll data. Friday, projected at 255K (Vs. Aug. 315K).
Perseroan yang bergerak di bidang usaha manufaktur alat kesehatan, alat kesehatan elektromedik, alat diagnostik, antiseptik dan disinfektan, dan perbekalan kesehatan rumah tangga lainnya.
The government absorbs IDR 2.66T from Green Shoe Option. Data from DJPPR states that the Government has succeeded in absorbing fresh funds of IDR 2.66 trillion from the auction of State Sharia Securities (SBSN / Sukuk).
Lagging Inflation indicator restrains Wall Street’s pace. The labor market is one of the Lagging Indicators of inflation, ADP Employment Change AS Sept., which measures the change in non-farm private sector employment, adding 208K (Vs. Aug. 185K).
The government only absorbed IDR 755 billion in the Sukuk auction yesterday. Meanwhile, incoming bids reached IDR 7.05 trillion. The nominal value won is below this target, making the government to implement the Green Shoe Option today.
US job vacancies as of August, recorded their biggest decline in 2.5 years, and a belowexpected Australian rate hike, raised expectations of a FFR hike of not +125Bps (Nov. +75Bps; Dec. +50Bps) through the end of the year.
SUN Benchmark Mixed, amid high inflation. Indonesian manufacturing is expanding again, with S&P Global Indonesia PMI Manufacturing Sept. at level 53.7 (Vs. Aug. 51.7); should have been a positive catalyst for yesterday’s trading.
Technical rebound opens Wall Street 4Q22, amid US manufacturing heading towards contraction. Wall Street was up more than 2% yesterday, following a bearish streak during 9M22 trading.
