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.
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. 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.
Consumer pessimism fuels fears of GDP contraction. Nasdaq led Wall Street’s decline, and was down nearly 3%.
Continued Strengthening of the SUN Market. All SUN Benchmarks posted lower yields at the beginning of the week.
Manufacturing resilient, ready to hold back the Hawkish Fed. Data for May showed an increase in the Core Cap.
PT Aman Agrindo, Tbk bergerak di bidang budidaya ayam ras pedaging dan perdagangan eceran hewan ternak
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.
BI 7 DRRR at 3.50%, Maintaining 2Q22 GDP.
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.