Weekly Fixed Income | Dec 17 2018
The rally in the dollar index due to the release of the Producer Price Index (PPI) and the U.S. retail sales also suppressed last week’s market movement.
The rally in the dollar index due to the release of the Producer Price Index (PPI) and the U.S. retail sales also suppressed last week’s market movement.
JCI closed lower yesterday amid the release of November’s trade deficit of USD2.05 billion.
The global markets still affected by the positive progress of the trade deals between the U.S. and China.
The rally was backed by the easing tension of the U.S. and China trade war.
JCI closed at sluggish state as the worse performance by the basic industry, the rupiah depreciation, and the net foreign sell.
JCI closed slightly lower amid the rupiah depreciation and further net foreign sell.
Indonesia’s forex reserves amounted to USD117.2 billion in November.
Following the Asian markets, JCI nudged up on Friday. The rally was backed by the Fed’s statements on the Fed’s interest rates outlook.
Indonesia Composite Bond Index (ICBI) closed lower by 0.70% to 239.34.