Daily Report | 25 March 2024

The Nasdaq closed up 0.2% at a record high of 16428.82 on Friday (22/03/24), as Tech stocks rallied on investors’ expectations that the Federal Reserve will cut interest rates as soon as June.

Daily Report | 22 March 2024

Wall Street’s three major stock indexes posted their highest closing records for the second consecutive day on Thursday (21/03/24) after the Federal Reserve reassured investors about the prospects of cutting interest rates this year, while shares of chipmakers rallied following an upbeat outlook from Micron Technology. The Dow Jones Industrial Average is one step away from the 40,000 level for the first time.

The Fed Said That They Project The Fed Funds Rate

The Fed said that they project the Fed Funds Rate to decline to 4.6% next year, thus the forecast of 3x rate cuts remains the same as the initial projection in December. For 2025 and 2026, the Fed sees fewer rate cuts, to 3.9% next year and 3.1% in 2026, higher than the initial forecasts of 3.6% and 2.9% respectively.

Daily Report | 21 March 2024

Global stocks surged higher and the S&P500 closed above the 5200 level for the first time on Wednesday (20/03/24), after the Federal Reserve decided to leave interest rates unchanged at 5.25% – 5.50% and indicated that there would be 3x rate cuts this year, easing the anxiety of market participants that the US Inflation figures that tend to heat up lately will make the Fed keep interest rates high.

Information of PT Cahaya Bumi Rezeki Tbk (CABR) IPO

Perseroan  adalah  suatu  perseroan  terbatas  terbuka  yang  didirikan  berdasarkan  Akta  Perseroan  Terbatas  PT Cahaya Bumi Rezeki No. 158 tanggal 19 September 2016, dibuat di hadapan Ferry Sanjaya, S.H., Notaris di Kota  Administrasi  Jakarta  Barat,  akta  mana  telah  mendapat pengesahan  dari  Menteri  Hukum  dan  Hak  Asasi Manusia  Republik  Indonesia  berdasarkan  Surat  Keputusan  No.  AHU-0043159.AH.01.01.

Investors Await The Federal Reserve’s Decision

Investors await the Federal Reserve’s decision later today (around 01.00 AM on Thursday). Considering the latest US Inflation rate is still above the Fed’s 2% target, the latest US economic projections suggest that there may not be as many as 3x Fed rate cuts as previously thought.

Daily Report | 20 March 2024

The S&P500 closed at a fresh record level of 5178.48 on Tuesday (19/03/24) while the DJIA led the gainers by gaining 0.8%, supported by Energy stocks and weakness in US Treasury yields as investors await the Federal Reserve’s decision later today (around 0100AM on Thursday).