Soft Start Expected For Indonesia Stock Market

RTTNews | vor 774 Tagen

(RTTNews) - The Indonesia stock market has finished higher in consecutive trading days, improving more than 55 points or 0.8 percent along the way. The Jakarta Composite Index now rests just beneath the 6,825-point plateau although it's tipped to open lower on Friday.

The global forecast for the Asian markets is soft on continuing concerns over the health of the world economy. The European and U.S. markets were sharply lower and the Asian markets are expected to follow that lead.

The JCI finished barely higher on Thursday following mixed performances from the financial shares and the resource stocks.

For the day, the index rose 3.77 points or 0.06 percent to finish at 6,824.43.

Among the actives, Bank Negara Indonesia collected 0.80 percent, while Bank Central Asia skidded 1.15 percent, Bank Mandiri shed 0.50 percent, Bank Rakyat Indonesia rallied 1.43 percent, Indosat Ooredoo Hutchison surged 5.26 percent, Indocement tanked 2.03 percent, Indofood Suskes retreated 1.45 percent, United Tractors strengthened 1.41 percent, Astra International climbed 1.32 percent, Astra Agro Lestari rose 0.31 percent, Aneka Tambang lost 0.49 percent, Timah improved 0.43 percent, Bumi Resources advanced 1.20 percent and Bank Danamon Indonesia, Bank CIMB Niaga, Semen Indonesia, Jasa Marga, Vale Indonesia and Energi Mega Persada were unchanged.

The lead from Wall Street is broadly negative as the major averages opened deep in the red and the losses accelerated as the day progressed.

The Dow tumbled 348.99 points or 1.05 percent to finish at 33,037.49, while the NASDAQ plunged 233.25 points or 2.18 percent to close at 10,476.12 and the S&P 500 dropped 56.05 points or 1.45 percent to end at 3,822.39.

The pullback on Wall Street came as some traders cashed in on Wednesday's gains amid ongoing concerns about the outlook for interest rates and the global economy.

Stocks saw further downside following the release of a report from the Conference Board showing a continued slump by its reading on leading U.S. economic indicators in the month of November.

Crude oil futures pared early gains and settled lower on Thursday, snapping a three-day winning streak as the dollar advanced on rate hike bets. West Texas Intermediate Crude oil futures for February ended $0.80 lower at $77.49 a barrel, falling from a high of $79.90 a barrel.

U.S. Factory Orders Slump More Than Expected In December

Reflecting a steep drop by orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured goods decreased by more than expected in the month of December. The Commerce Department said factory orders slumped by 0.9 percent in December after sliding by a downwardly revised 0.8 percent in November.

RTTNews | vor 5Std 53 Minuten

U.S. Job Openings Pull Back Much More Than Expected In December

The Labor Department released a report on Tuesday showing job openings U.S. fell by much more than expected in the month of December. The report said job openings tumbled to 7.6 million in December after climbing to an upwardly revised 8.2 million in November. Economists had expected job openings to dip to 8.0 million from the 8.1 million originally reported for the previous month.

RTTNews | vor 6Std 10 Minuten

UBS Turns To Profit In Q4, Hikes Dividend, Plans $3 Bln Buyback; But Stock Down

Swiss banking major UBS Group AG reported Tuesday a profit in its fourth quarter, compared to prior year's loss, benefited by increased revenues. The company also raised its dividend, and announced up to $3 billion share buyback program. Meanwhile, the shares were losing around 5 percent in the trading in Switzerland, as well as around 6 percent in pre-market activity on the NYSE.

RTTNews | vor 7Std 40 Minuten

CTS Guides FY25 Below Estimates - Update

While reporting financial results for the fourth quarter on Tuesday, CTS Corp. (CTS) initiated its adjusted earnings and sales guidance for the full-year 2025.

RTTNews | vor 8Std 4 Minuten

Bay Street Likely To Open On Weak Note

Canadian shares are likely to open lower Tuesday morning, tracking weak crude oil and metal prices. Despite the U.S. agreeing to hold off imposing tariffs on Canada and Mexico for a month, the mood is likely to remain cautious.

RTTNews | vor 8Std 20 Minuten

FTSE 100 Down Marginally In Cautious Trade

U.K. stocks are down marginally Tuesday morning amid lingering fears of long trade war following the U.S. deciding to impose tariffs on several trading partners including, Canada, China, Mexico and the EU.

RTTNews | vor 10Std 24 Minuten

CAC 40 Recovers After Mild Setback

After a marginal upmove and a subsequent drop into the red, French stocks have edged higher Tuesday morning with investors largely making cautious moves, assessing the potential implications of tariffs imposed and proposed to be imposed by the U.S. on countries such as Canada, Mexico and China, as well the EU and the U.K.

RTTNews | vor 10Std 55 Minuten

Sensex Soars 1,397 Points; Nifty Ends Above 23,700

Indian shares ended sharply higher on Tuesday after U.S. President Donald Trump delayed tariffs on Mexico and Canada for a month but gave China no such relief.

RTTNews | vor 11Std 12 Minuten

EURUSD	1.03808	GBPUSD	1.24871	AUDUSD	0.62582
USDJPY	154.551	USDCAD	1.43155	USDCHF	0.9053