Little Movement Predicted For Indonesia Stock Market

RTTNews | Pred 825 dňami

(RTTNews) - The Indonesia stock market on Tuesday ended the two-day winning streak in which it had gathered almost 110 points or 1.8 percent. The Jakarta Composite Index now rests just above the 6,860-point plateau and it's expected to remain stuck in neutral on Wednesday.

The global forecast for the Asian markets is murky, with profit taking likely after recent gains - especially among the oil and technology companies. The European and U.S. markets were mixed and little changed and the Asian bourses are tipped to follow suit.

The JCI finished slightly lower on Tuesday following losses from the financial shares and mixed performances from the resource and cement companies.

For the day, the index dipped 14.08 points or 0.20 percent to finish at 6,860.85.

Among the actives, Bank Danamon Indonesia skidded 1.15 percent, while Bank Negara Indonesia collected 0.28 percent, Bank Central Asia dropped 0.90 percent, Bank Mandiri sank 0.75 percent, Bank Rakyat Indonesia lost 0.65 percent, Indosat Ooredoo Hutchison retreated 1.22 percent, Indocement dipped 0.26 percent, Semen Indonesia improved 0.71 percent, Indofood Suskes advanced 0.73 percent, United Tractors tumbled 2.43 percent, Astra International added 0.42 percent, Energi Mega Persada climbed 0.69 percent, Vale Indonesia declined 1.99 percent, Timah gained 0.39 percent and Bumi Resources, Aneka Tambang, Bank CIMB Niaga and Astra Agro Lestari were unchanged.

The lead from Wall Street offers little clarity as the major averages opened lower on Tuesday, rebounded somewhat and ended the day mixed and little changed.

The Dow gained 104.40 points or 0.31 percent to finish at 33,733.96, while the NASDAQ sank 30.14 points or 0.27 percent to end at 11,334.27 and the S&P 500 eased 2.86 points or 0.07 percent to close at 4,016.95.

The choppy trading on Wall Street came as traders expressed some uncertainty about the near-term outlook for the markets following recent volatility.

Uncertainty about the outlook for interest rates and the economy may also have kept some traders on the sidelines ahead of the release of some key economic data in the coming days.

A negative reaction to some of the latest earnings news contributed to an early pullback, with 3M (MMM) posting a steep loss after reporting weaker than expected fourth quarter earnings and providing disappointing guidance.

Crude oil prices fell sharply Tuesday on concerns about the outlook for demand due to a potential recession in Europe and the U.S. West Texas Intermediate crude futures for March ended lower by $1.49 or 1.8 percent at $80.13 a barrel.

Pound Falls Against Most Majors

The pound fell against its most major counterparts in the New York session on Tuesday.

RTTNews | Pred 1 h 48 min

Swiss Market Closes Modestly Higher

The Switzerland market ended modestly higher on Tuesday after holding firm right through the day's trading session. Reports that the U.S. would move to reduce the impact of duties imposed on foreign parts in domestically manufactured cars helped underpin sentiment.

RTTNews | Pred 2 h 1 min

European Stocks Close Broadly Higher As Investors React To Earnings

European stocks closed broadly higher on Tuesday with investors reacting to a spate of corporate earnings announcements, and continuing to assess the U.S. Government's trade policy. Reports that the U.S. President has proposed lower tariffs on auto parts for U.S.-produced vehicles helped keep investor sentiment positive.

RTTNews | Pred 2 h 22 min

Canadian Market Up Marginally In Cautious Trade

Canadian stocks are swinging between gains and losses on Tuesday as investors make cautious moves, monitoring the developments on the tariff front, and reacting positively to the victory of Prime Minister Mark Carney's victory in the general election.

RTTNews | Pred 3 h 17 min

Dollar Index Edges Up Amidst Trade Deal Uncertainty

The U.S. dollar recorded a mixed performance against major currencies during the week ended April 25 amidst continuing uncertainty in respect of U.S. trade policy and oscillating expectations about a trade deal, particularly with China.

RTTNews | Pred 4 h 27 min

U.S. Consumer Confidence Slumps More Than Expected In April

Largely reflecting a significant deterioration by consumer expectations, the Conference Board released a report on Tuesday showing its U.S. consumer confidence index slumped by more than expected in the month of April. The Conference Board said its consumer confidence index plunged to 86.0 in April from an upwardly revised 93.9 in March.

RTTNews | Pred 5 h 15 min

U.S. Job Openings Decrease More Than Expected In March

The Labor Department released a report on Tuesday showing job openings in the U.S. fell by more than expected in the month of March.

RTTNews | Pred 5 h 27 min

Bay Street May Open Slightly Higher

Higher Canadian futures point to a slightly positive start on Bay Street Tuesday morning. The victory of Mark Carney in the Canadian general election and easing concerns about U.S. tariffs may also support the market. However, weak crude oil and gold prices may weigh on sentiment and limit market's upside.

RTTNews | Pred 7 h 3 min

EURUSD	1.13828	GBPUSD	1.34012	AUDUSD	0.63834
USDJPY	142.296	USDCAD	1.38449	USDCHF	0.82422

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Little Movement Predicted For Indonesia Stock Market