(RTTNews) – Before the New Year’s long weekend, Indonesia’s inventory market had fallen in two consecutive sessions, wasting more than 55 issues or 0. 9% along the way. The Jakarta Composite Index is now just below the plateau of 5,980 points, possibly locating aid on Monday.
Global forecasts for Asian markets are being compounded due to lingering coronavirus considerations and apprehension over the US political scene as Republicans continue to review to overturn the results of the presidential election. European markets fell and US equity markets rose and Asian markets split the difference.
JCI ended the decline on Wednesday after the combined functionality of monetary stocks and resource stocks.
During the day, the index lost 44. 22 issues or 0. 73% to end at 5,979. 07 after trading between 5,962. 01 and 6,055. 97.
Wall Street’s advance gives little indication, as stocks showed a lack of direction the previous Thursday despite everything going up and ending in the green.
The Dow Jones rose 196. 88 issues or 0. 65% to finish at 30,606. 48, while the NASDAQ rose 18. 28 issues or 0. 14% to close at 12,888. 28 and the S&P 500 gained 24. 03 issues or 0. 64% to close at 3. 756. 07.
The earnings capped a smart year for US stocks, which rose sharply in 2020 despite the ongoing coronavirus pandemic.
For the year, the Dow Jones was up 7. 3%, the S&P 500 was up 16. 3%, and the high-tech NASDAQ soared 43. 6%, profiting from stay-in-space orders issued in reaction. to the spread of the fatal coronavirus.
Crude oil futures took a step forward on Thursday despite considerations about the outlook for energy demand. West Texas Intermediate crude oil futures for February were up $ 0. 12 or 0. 3% at $ 48. 52 a barrel. WTI crude oil futures fell 21% in 2020, while Brent crude futures fell more than 22%.
Closer to home, Indonesia will release December inflation and customer confidence figures later today. Headline inflation is expected to rise 0. 37% monthly and 1. 61% annually after gaining 0. 28% monthly and 1. 59% annually in November. The underlying CPI is expected to gain 1. 70%, from 1. 67% in the previous month. The customer confidence index scores 92. 0 in November.