27 February 2023
US economic data released on Friday sent Wall Street to close the week in negative territory, with the DJIA posting its biggest decline since September. with the DJIA posting the biggest decline since September, a minus of 3% last week causing the Dow to experience a decline of four consecutive weeks.
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24 February 2023
The market participants digested the macro data that continued to show the strength of the US economy, validating the Federal Reserve's tight monetary policy stance. Initial Jobless Claims fell to an unexpected 192K from 200K (lower than the previous period's 195K), indicating the labor market is still tight.
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23 February 2023
The market participants digested the FOMC Meeting Minutes result, which stated that almost all Federal Reserve officials agreed to set the upcoming interest rate hike to 25 bps and bring the FFR to 4.75% at the next FOMC in March.
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22 February 2023
Wall Street posts its worst performance of the year, with all three major indexes falling by around 2%, as investors interpreted a rebound in US business activity in Feb. as reflected in the S&P Global Composite PMI figure, which moved into the expansionary territory of 50.2 (8-month high); another indicator that the Fed will keep interest rates high to control inflation.
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21 February 2023
Bank Indonesia recorded that the current account surplus in 4Q22 amounted to USD 4.3 billion or 1.3% of GDP, a slight slowdown from 3Q22 of USD 4.5 billion; the recorded amount was supported by non-oil and gas trade balance surplus and high export commodity prices.
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