Investors Responded Negatively To June Retail Sales Data
Investors responded negatively to June Retail Sales data, which fell 2.1% MoM, as June’s high inflation reached 0.61% MoM (Vs. May 0.40% MoM) and 4.35% YoY (Vs. May 3.55 %YoY).
Daily Report | 12 July 2022
The increase in Loan Loss Provision put pressure on banking profits. Investors are keeping a close eye on the ability of US banks to manage the Loan Loss Provision, as recovery from the pandemic paves the way for a possible recession.
Weekly Report | 11 Jul 2022
With large export portion, Energy and Basic Materials led sectoral strengthening last week. The steady depreciation of the Rupiah at IDR15,000/USD has benefited the export-based Basic Materials sector.
July Inflation Has The Potential To Decline
July Inflation has the potential to decline. The BI survey for the first week of July 2022 stated that CPI Headline MoM inflation in July 2022 was projected at 0.40% (Vs. Jun. 0.61%)
Daily Report | 11 July 2022
Rising oil prices and solid employment data, Wall Street mixed the weekend.
SUN Benchmark Mixed amid Cadev Increase
SUN Benchmark Mixed amid Cadev Increase. The movement of the SUN Benchmark yesterday, amid the release of Cadev data in June which rose to the level of USD136.4 billion.
Daily Report | 8 July 2022
Less Hawkish Fed boosts tech stocks, and Nasdaq led Wall Street gains, rising more than 2%.
Daily Report | 7 July 2022
As the market braced for a recession, investors turned to defensive stocks, sending Wall Street up 0.3%. Investors responded to job postings that remains high, with US May JOLTS Job Openings of 11.3 Million (Surv. 11 Million), keeping the Fed on an aggressive Hawkish path.
SUN Auction Entry Offer IDR 25.9 Trillion
SUN Auction Entry Offer IDR 25.9 Trillion. DJPPR recorded a total bid that entered the SUN auction of IDR 25.9 trillion, or below the previous SUN auction of IDR 35.1 trillion.
