Investor Menghadapi Hawkish Lanjutan
External sentiment, investors faced continued Hawkish or November +75Bps and December +50Bps FFR hikes, closing FY22E FFR to 4.25%-4.50% levels.
Daily Report | 3 October 2022
Strong Dollar has a negative impact on export-oriented issuers, investors are also anticipating a number of retail issuers, which offer bigger discounts, in order to reduce the buildup of inventory, which then has the opportunity to suppress margins.
Weekly Report | 3 October 2022
Bearish market closed Wall Street 3Q22, more than 20% decline started to occur on Nasdaq (April), then S&P500 (June) and DJIA (September) throughout 2022.
SUN Benchmark Mixed Ditengah Depresiasi Rupiah
SUN Benchmarks were mixed amid the depreciation of the rupiah, which was approaching the level of USD15,300/USD. Market participants are also paying close attention to the discourse of the BoE’s QE worth GBP65B, or the BoE to intervene to buy UK30Y Gilts worth GBP5Bn per day until 14 October.
Daily Report | 30 September 2022
Good news is bad news. The weekly US Initial Jobless Claims data ending September 24 saw 193K (-8% WoW) claims, the lowest level in five months, giving the Fed more room for further Hawkish or FFR hikes +75Bps in November and +50Bps in December.
SUN Benchmark Mixed Amid The Lack of Sentiment This Week
SUN Benchmarks are mixed, amid the lack of sentiment this week. FR91 recorded a 4bps yield increase to the level of 7.30%, amid a wait-and-see attitude for the release of Indonesia’s inflation data for the September period, on Monday next week.
Daily Report | 29 September 2022
Tech stocks MegaCaps rebounded, as yields on UST10Y returned below the psychological level 4%, making Nasdaq lead Wall Street’s gains or close up to 2%.
SUN Benchmark Mixed
SUN benchmarks were mixed, ahead of September inflation data which broke 1%. Based on a Bloomberg survey, Indonesia for the September MoM period is projected to record an inflation rate of +1.1% (Vs. Aug. deflation -0.21%).
Daily Report | 28 September 2022
Consumer confidence is stronger, reinforcing expectations of an FFR hike of up to 4.4% in FY22E. One indicator of consumer confidence, Conf. US Consumer Confidence Board Sept. rose to the level of 108.0 (Vs. Aug. 103.6), one of which was supported by falling gas prices.
