The Dow Jones Industrial Average led weakness in Tuesday’s trading (16/01/24) by falling 0.6% as investors digested a number of earnings reports and a spike in US Treasury yields after Federal Reserve Governor Christopher Waller downplayed the need for an immediate rate cut.
Policy makers will have less important data to parse throughout the week, where Retail Sales and inflation expectations from the University of Michigan may add color to the US inflation picture.
The US stock market closed on Monday (15/01/24) for the Martin Luther King Jr. holiday, following a quiet session at the end of last week with the banks earning season kicking off.
For the week, the Dow gained 0.34%, the S&P 500 gained 1.84% and the Nasdaq gained 3.09%. The S&P gain was the largest weekly percentage gain since mid-December and the Nasdaq, the largest since early November.
Mixed bank earnings reports offset news of lower-than-expected producer-level inflation that supported expectations of a rate cut from the Federal Reserve. US PPI data unexpectedly fell in December (actual: -0.1% mom vs forecast: 0.1% mom) as the cost of goods such as food and diesel fuel declined, while prices for services were unchanged for the third consecutive month, in contrast to higher-than-expected consumer inflation figures on Thursday.
US stocks closed almost flat on Friday (12/01/24), in volatile movement, as mixed bank earnings reports offset news of lower-than-expected producer-level inflation that supported expectations of a rate cut from the Federal Reserve.
Economic data showed US consumer price inflation came in above economists’ expectations in December, raising doubts that the Federal Reserve will cut interest rates as quickly as the market expects.
Global stock indices moved flat to lower on Thursday (11/01/24) as economic data showed US consumer price inflation came in above economists’ expectations in December, raising doubts that the Federal Reserve will cut interest rates as quickly as the market expects.
Perseroan didirikan pada tahun 2016 dengan nama PT Sumber Mineral Global Abadi, berkedudukan di Jakarta Selatan. Perseroan merupakan perusahaan yang menjalankan kegiatan usahanya di bidang perdagangan nikel dan batubara untuk pasar domestik di Indonesia.
