Daily Report | 9 September 2022
Lowest jobless claims in three months put emphasis on the strength of the labor market, even after the Fed raised FFR by +225Bps since March 2022. Wall Street simultaneously rose, each closing up 0.6%.
Company Report | Off Net Call Strategy Supports Market Share
EXCL recorded an increase in Interconnection and Other Direct Expense by 66% to IDR1.1 trillion 1H22 (IDR690 billion 1H21), amid the Company’s efforts to increase Data Revenue outside Java.
Investors Are Also Looking Forward to The US Jobless Claims Data and Powell’s Speech
In addition to the ECB’s monetary policy, investors are also looking forward to the US jobless claims data and Powell’s speech. Based on a Bloomberg survey, the ECB Main Refinancing Rate Sept. is projected to rise +75Bps to 1.25% (Vs. Aug. 0.50%), with US Initial Jobless Claims ending September 3 projected to be maintained at 235K claims.
Daily Report | 8 September 2022
The trade deficit narrowed, easing fears of further 3Q22 US GDP contraction. Nasdaq led Wall Street’s gains, with gains of more than 200 points, stopping a seven-day decline.
High Yield Expectations, The Government Did Not Win PBS34
High yield expectations, the Government did not win PBS34. Bids entered in yesterday’s Sukuk auction were IDR 24.1 trillion, lower than the previous Sukuk auction of IDR 28.5 trillion.
Daily Report | 7 September 2022
Service sector growth boosts the probability of a +75 bps increase in the FFR. The Nasdaq technology index consistently moved in the Red Zone yesterday, closing lower for the seventh day in a row.
Rising Gas Prices And Continued Contraction in Manufacturing in The Eurozone
Amid the Wall Street holiday commemorating Labor Day, rising gas prices and continued contraction in manufacturing in the Eurozone made the majority of European stock markets close lower.
Daily Report | 6 September 2022
Di tengah libur Wall Street memperingati Labor Day, kenaikan harga gas dan kontraksi lanjutan manufaktur Eurozone membuat mayoritas bursa saham Eropa ditutup melemah.
Ekonom waspadai Inflasi Inti menembus 3%
Economists are wary of Core Inflation hitting 3%, indicating inflation has reached producer levels. Although the August Headline Inflation was maintained below 5% on an annual basis, and recorded a deflation of 0.21% on a monthly basis.
