Morning Chatter

KBVS MORNING CHATTER
Thursday, 05 June 2025

Headline News :
•    PPRE – A IDR107.35 bn bonds repayment
•    MIKA – To disburse FY24 dividends
•    HOKI – To achieve a 10% yoy sales growth in FY25
•    UNTR – Mining expansion abroad

Market Commentary :
US equities concluded a mixed session, with the Dow edging down while the Nasdaq advanced 0.32% and the S&P 500 posted a modest gain. The VIX index fell 0.45%, signaling diminished market volatility expectations. May's private sector payrolls significantly missed forecasts, rising by only 37,000 against an anticipated 110,000, intensifying investor concerns regarding a weakening job market and its potential economic ramifications. 
European markets advanced after the EU's trade chief affirmed that discussions with the U.S. were progressing favorably. This statement eased concerns about an escalating trade conflict, despite recent U.S. tariff hikes.
Oil prices declined, pressured by increased OPEC+ output. Safe-haven gold ascended, bolstered by a depreciating U.S. dollar and persistent global uncertainty. The U.S. dollar depreciated sharply following disappointing economic data, notably a significantly weaker-than-expected private payrolls report and a contraction in the services sector for May. Donald Trump reiterated his demand for the Federal Reserve to implement interest rate cuts.
South Korean equities rise by 2%, leading gains across Asia, following the opposition leader's victory in the presidential election. Meanwhile from domestic market, The Jakarta Composite Index (JCI) recovered, gaining 0.34% to 7,069.04, ending a two-day decline. Closest key economic update will come from foreign exchange reserve scheduled to be released today.

Regards, 
KBVS Research Team

 

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