The closing of the US market due to the Juneteenth holiday did not make investors lose their way. The day before Nvidia’s share price rose more than 3% to USD 135.58/share, pushing its market capitalization to USD 3.34 trillion and reigning as the highest value company in the world, beating Microsoft with a market value of USD 3.31 trillion.
While Indonesian financial markets were on Eid al-Adha holiday, the US actually released several economic indicators this week including Retail Sales which turned out to grow only 0.1% mom in May, falling short of expectations of 0.3%.
PT UBC MEDICAL INDONESIA TBK (“Perseroan”) merupakan suatu Perseroan Terbatas yang didirikan pada tanggal 9 Juni 2014 dan menjalankan kegiatan usaha sebagai distributor alat Kesehatan.
The S&P 500 and NASDAQ closed at record highs (for the seventh time for the NASDAQ) on Tuesday, buoyed by a continued surge in Nvidia shares to new highs, while the DJIA ended marginally higher in quiet pre-holiday trading following weaker-than-expected US Retail Sales data.
Perseroan berdiri sejak tahun 2006 dan memiliki lokasi tambak udang, pabrik, dan kantor di Lampung Selatan. Komitmen Perseroan terhadap kualitas dan kepatuhan terhadap standar internasional memperkuat posisi Perseroan dalam memasok produk-produk unggulan ke pasar global, menjadikan Perseroan sebagai salah satu pemain kunci di dalam industri pengolahan udang.
PT Cipta Perdana Lancar Tbk adalah perusahaan manufaktur dengan fokus pada stamping dan assembling parts yang didirikan pada tahun 2009. Perseroan didirikan sebagai pengembangan dari usaha produsen komponen otomotif skala kecil milik Bapak Hamim sejak tahun 2007.
US PPI aka US producer-level inflation unexpectedly fell in May, by 0.2% last month after rising by 0.5% in April. On an annualized basis, US PPI increased 2.2% after rising 2.3% in April.
The S&P 500 achieved its latest record close on Thursday (13/06/24), on the back of a surge in share prices of chipmakers and increased speculation of an interest rate cut this year driven by further signs of slowing inflation.
The Fed’s prospects to cut interest rates based on newly surfaced US Inflation data showing goods & services prices fell lower than expected in May, thus fueling optimism that the disinflation trend remains intact.
