MARKET BLAST: Morning Updates

US stock markets (08/09) closed lower. Dow Jones fell 0.3% to 35,102 and S&P 500 decreased 0.09% to 4,432. Oil prices fell as much as 4%, extending last week’s steep losses on a rising USD and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand. 10YR US Treasury yield up 8 bps to 1.31% (+38 bps).

Mixed movement was seen in European equities (08/09). UK’s FTSE 100 up 0.13% to 7,132 while Germany’s DAX decreased 0.1% to 15,745.

JCI (08/09) fell 1.2% to 6,127.5 (+2.5% ytd). Foreign investors posted net outflow of IDR670.2 bn (net inflow of IDR18.2 tn ytd).

The 10YR IDR government bond yield up 1.6 bps to 6.32% (+43.1 bps ytd) and the 10YR USD goverment yield up 2.8 bps to 2.2% (+18.1 bps ytd).

Rupiah (08/09) depreciated 0.1% to IDR14,363/USD (depreciated 2.2% ytd).

IDR against USD today will possibly be moving around 14,314 and 14,388

Source : Bank Mandiri OCE

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