The Dow Jones closed lower by 2.17% to 23,347 after Jerome Powell predicted the U.S. time-consuming economic recovery and unlimited fiscal stimuli. Morgan Stanley Capital International (MSCI) re-balances its index by diminishing six stocks (i.e., BBTN, PTBA, BSDE, JSMR, TKIM, and PWON).
Dow Jones closed lower by 1.89% to 23,764 as investors worried about the re-opening lockdowns to spur the hike in COVID-19 cases. In the domestic side, the increase in premiums for the Health Care and Social Security Agency (BPJS Kesehatan) to take into force in July 1.
The Dow Jones weakened by 0.45% to 24,221 as investors worried about relaxed lockdowns to possible cause the second wave of corona virus infection. A glance of commodities, prices of WTI and Brent dropped as investors’ anxiety over the second wave of corona virus infection cases mounted, but curbed Saudi Arabia’s curbed output stopped drops in oil prices.
The U.S. within this week will announce the Producer Price Index (PPI) to stubbornly settle at the minus level—like a contagion or domino effect —diminish the Dow Jones, and finally daunt JCI’s exit path to the green.
The Dow Jones picked up 1.9% to 24,331, backed by the rally of 2.38% in Apple inc. after the Company decided to re-open its stores next week. Back to the national economy, Minister of Finance Sri Mulyani Indrawati is committed to unveiling IDR150 trillion of National Economic Recovery (PEN).
The Dow Jones advanced by 0.89% to 23,875 even though laid-off workers to file unemployment benefits soared to 33 million people with respect to economic lockdowns. Investors are optimistic about advancement in COVID-19 vaccine, more unlimited stimulus, and easing tension between the U.S. and China.
The Dow Jones snapped a bit higher at 0.56% to 23,883 following the optimism of economic re-opening in the U.S. and global rebound in prices of crude oil. Back to the national economy, Statistics Indonesia released Indonesia’s 1Q20 GDP to lag at 2.97% y-y.
Trump’s hint of trade war sequel and economic fallout of the virus crisis benefit gold as a typical hedge.
PSBB and Ban on Edi al-Fitr Exodus leave revenues of transportation and toll-road industries lower
