Daily Report | 30 June 2022

GDP contraction ahead of the earnings season pushed Wall Street to move mixed. US GDP Annualized QoQ 1Q22 contracted -1.6% (Vs. Surv. -1.5%), as inventories of unsold goods increased, amid falling consumer spending.

Sukuk Auction under Indicative Target

Sukuk Auction under Indicative Target. The results of the Sukuk auction yesterday, the government managed to win IDR 7.8 trillion or below the indicative target of IDR 9 trillion.

Daily Report | 29 June 2022

Consumer pessimism fuels fears of GDP contraction. Nasdaq led Wall Street’s decline, and was down nearly 3%.

Daily Report | 28 June 2022

Manufacturing resilient, ready to hold back the Hawkish Fed. Data for May showed an increase in the Core Cap.

BI 7 DRRR at 3.50%, Maintaining 2Q22 GDP

BI 7 DRRR at 3.50%, Maintaining 2Q22 GDP. Other than low May CPI at 2.58% YoY (Vs. BI’s target of 3+/-1%), NHKSI Research sees that BI 7DRRR was maintained at 3.50% to maintain the growth momentum of 2Q22 GDP, as capital outflow is still under control.

Daily Report | 27 June 2022

Expectations that inflation falls to 5.3% was responded positively by Wall Street with the Dow Jones rising more than 800 points at the weekend.