IHSG Predicted to be Flat Amid Wait and See US Inflation Data”/>
The Composite Stock Price Index (IHSG) of the Indonesia Stock Exchange (IDX) on Monday (9/9) is expected to move sideways amidst the… wait and see market players on United States (US) inflation data.
The JCI opened up 1.66 points or 0.02% to 7,723.52. Meanwhile, the group of 45 leading stocks or the LQ45 Index rose 0.41 points or 0.04% to 950.60.
“Starting the second week of September, it seems that market players will switch to wait and see mode for external data, starting from US and Chinese inflation, trade balance, to domestic consumer confidence,” said the Lotus Andalan Sekuritas Research Team in its study in Jakarta, Monday, as reported by Between.
Domestically, market players today are awaiting the Consumer Confidence Index (CCI) data for the August 2024 period, which is expected to rise to 123.6 from 123.4 in the previous month.
From the Asian region, this week there will be a number of data to look forward to. First, there will be the release of China’s inflation for the August 2024 period which is expected to increase by 0.7% year on year (yoy), and the release of China’s trade balance data for the August 2024 period, which is estimated to have a surplus that increased to US$84.65 billion from the previous month of US$83.90 billion.
The Bureau of Labor Statistics, US Department of Labor records data on jobs other than agriculture or non farm payrolls (NFP) which increased by 142,000 during August, up from 89,000 jobs in the previous month.
However, that was below the consensus estimate of 161,000 jobs. Meanwhile, the US unemployment rate fell to 4.2%, as expected.
The contracting labor market then became a sign that a US interest rate cut was increasingly necessary.
Meanwhile, the chance of the Fed cutting interest rates according to the CME FedWatch measuring tool has now reached 70% for the upcoming September 18 meeting.
Meanwhile, the United States (US) stock exchange or Wall Street closed in the red zone last week, Friday (6/9) after US employment data was again disappointing and there was… selling off on technology stocks big caps. (J-3)
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Indonesia Stock Exchange index
Table of Contents
The Indonesia Stock Exchange (IDX): A Key Player in ASEAN’s Largest Market
The Indonesia Stock Exchange, also known as the IDX, is a private institution that plays a crucial role in the country’s economy. With a market capitalization that accounted for 45.2% of its nominal GDP in December 2020, the IDX is ASEAN’s largest market [[2]]. Founded on 30 November 2007, the IDX has grown to become a significant player in the regional and global financial markets.
Understanding the IDX
The IDX is a private institution with a total of 119 shareholders as of December 2010, with 117 active members [[1]]. The exchange is operated by PT Bursa Efek Indonesia, which is responsible for managing and regulating the stock market in Indonesia [[3]].
Market Trends and Predictions
In recent times, the Composite Stock Price Index (IHSG) of the IDX has been affected by global market trends and economic indicators. For instance, the IHSG is expected to move sideways amidst the wait and see market players on United States (US) inflation data. This is because market players are awaiting the release of important data such as the Consumer Confidence Index (CCI) for the August 2024 period, which is expected to rise to 123.6 from 123.4 in the previous month.
Global Economic Indicators
The global economy is also expected to have an impact on the IDX. The release of China’s inflation and trade balance data for the August 2024 period, as well as the US non-farm payrolls (NFP) data, are expected to influence market trends. The NFP data, which increased by 142,000 during August, is seen as a key indicator of the US economy’s performance.
Wait and See Mode
Market players are adopting a wait and see approach, awaiting the release of these important data sets before making any significant moves. This cautious approach is driven by the uncertainty surrounding global economic trends and the potential impact on the IDX.
Conclusion
The Indonesia Stock Exchange (IDX) is a key player in ASEAN’s largest market, with a significant impact on the country’s economy. As a private institution, the IDX is operated by PT Bursa Efek Indonesia and has a total of 119 shareholders. The exchange is influenced by global market trends and economic indicators, and market players are adopting a wait and see approach amidst the current uncertainty.
Keywords: Indonesia Stock Exchange, IDX, ASEAN, market capitalization, private institution, PT Bursa Efek Indonesia, Composite Stock Price Index, IHSG, US inflation data, Consumer Confidence Index, CCI, China’s inflation, trade balance, US non-farm payrolls, NFP.
Indonesia Stock market today
The Indonesia Stock Exchange (IDX): A Key Player in ASEAN’s Largest Market
The Indonesia Stock Exchange, also known as the IDX, plays a crucial role in the country’s economy. With a market capitalization that accounted for 45.2% of its nominal GDP in December 2020, the IDX is ASEAN’s largest market [[2]]. Founded on 30 November 2007, the IDX has grown to become a significant player in the regional and global financial markets.
Understanding the IDX
The IDX is a private institution with a total of 119 shareholders as of December 2010, with 117 active members [[1]]. The exchange is operated by PT Bursa Efek Indonesia, which is responsible for managing and regulating the stock market in Indonesia [[3]].
Market Trends and Predictions
In recent times, the Composite Stock Price Index (IHSG) of the IDX has been affected by global market trends and economic indicators. For instance, the IHSG is expected to move sideways amidst the wait and see market players on United States (US) inflation data. This is because market players are awaiting the release of important data such as the Consumer Confidence Index (CCI) for the August 2024 period, which is expected to rise to 123.6 from 123.4 in the previous month.
Global Economic Indicators
The global economy is also expected to have an impact on the IDX. The release of China’s inflation and trade balance data for the August 2024 period, as well as the US non-farm payrolls (NFP) data, are expected to influence market trends. The N
