Today’s Outlook :
• US MARKET : Wall Street indexes rose on Thursday, extending their rebound after U.S. President Donald Trump said a framework trade deal related to Greenland had been reached and reaffirmed that he would not impose tariffs on European countries. Improved sentiment lifted technology stocks and pushed the S&P 500 up nearly 0.6% to 6,913.35, the Nasdaq Composite up 0.9% to 23,436.02, and the Dow Jones Industrial Average up 0.6% to 49,394.01.
Trump also withdrew his threat to use military force over Greenland, easing geopolitical tensions and providing relief to markets after heavy pressure from his earlier tariff rhetoric. Technology stocks again led gains, with Meta Platforms surging 5.7% after Jefferies reaffirmed the stock as its top pick ahead of the company’s December-quarter earnings release next week. Meanwhile, Intel shares plunged as much as 13.4% in extended trading after the company issued weak firstquarter guidance, despite reporting December-quarter earnings that exceeded expectations.
• EUROPEAN MARKET : European stocks rose sharply on Thursday after U.S. President Donald Trump said he would not proceed with tariff plans against European countries related to Greenland and announced that a framework agreement on the Danish territory had been reached. Germany’s DAX climbed 1.3%, France’s CAC 40 jumped 1%, while the U.K.’s FTSE 100 edged up 0.1%.
Despite the positive market reaction, political tensions lingered. European Union leaders held an emergency meeting to reassess relations with the U.S., following tariff threats and talk of potential U.S. military action over Greenland that had shaken transatlantic confidence. ECB President Christine Lagarde said the traditional U.S.– Europe alliance is now facing uncertainty, stressing the need for a “deep review” of the European economy in response to a new international order.
• ASIAN MARKET : Most Asian stocks advanced on Thursday, tracking Wall Street’s rally as tensions eased over U.S. demands regarding Greenland. South Korean equities outperformed, with the KOSPI surging more than 2% to a record high of 5,019.54, driven by gains in chipmakers and automotive stocks amid optimism surrounding artificial intelligence and robotics. Samsung Electronics and SK Hynix rose 3–4% amid plans to curb memory chip production to support prices and margins.
In Japan, the Nikkei 225 jumped nearly 2% and the broader TOPIX gained about 1%, recouping most of the losses seen earlier in the week, supported by gains in banking stocks and easing concerns over fiscal spending.
• COMMODITIES : Oil prices fell about 2% to a one-week low on Thursday as geopolitical tensions eased after U.S. President Donald Trump softened his stance toward Greenland and Iran, alongside positive developments toward a potential resolution of the Russia–Ukraine war. Brent crude slipped USD 1.18 or 1.8% to USD 64.06 per barrel, while WTI fell USD 1.26 or 2.1% to USD 59.36 per barrel, its lowest level in a week.
• INDONESIA : The JCI closed down 0.2% at 8,992.18. If the IHSG fails to hold its current range and close above the key psychological resistancesupport level of 9,000, it is advisable to reduce positions. Market movements remain highly volatile amid concerns over potential risk outflows stemming from MSCI’s new free-float policy, as well as declines in BUMI shares that appear to have dragged other conglomerate stocks lower. Caution remains warranted amid current volatility, with RSI indicators signaling oversold conditions and negative divergence pointing to potential index correction. Nevertheless, despite the risk of correction, momentum in the IHSG remains relatively strong for narrative-driven trading strategies.
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