Morning Chatter
KBVS MORNING CHATTER
Friday, 29 September 2023
Headline News :
• Telco - Govt pushes for further consolidation
• Banking - Credit interest rate remain high
• Energy - Incentives plan for coal mining
• TPMA - Actively adding new vessels
• BSDE - Optimist to have a positive performance in 3Q23
• PRDA - Focus on expanding its digital health business
• AKRA - Monetize JIIPE assets worth IDR20 tn
• HOKI - Innovating amidst supply disruptions
• SGER - Subsidiary plans IDR200 bn IPO
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Market Commentary :
US indices rose on Thursday (28/09); DJIA (+0.35%), S&P 500 (+0.59%) and IXIC (+0.83%) as data showed the U.S. economy (GDP: 2.1%) maintained a fairly solid pace of growth in 2Q23 and a possibility to avert a government shutdown. Market also awaits for the data on US Personal Consumption Expenditure (PCE) price index this Friday. US 10-Y bond yield fell to 4.602% on US strong labor market with initial jobless claims at 204k was better than expected despite slightly higher than prior.
In Europe, STOXX600 closed higher (+0.35%) on the boosts from energy and mining stocks with Germany's inflation was better than expected (4.5% yoy/0.3% mom). On commodity, US WTI and Brent Oil fell to USD91.71/barrel and USD93.18 /barrel.
Most of Asian indices ended lower yesterday, while JCI was closed on public holiday. Today, JCI could ended higher due to a more positive global sentiment.
Regards,
KBVS Research Team
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