Daily Report | 18 August 2022
Wall Street under pressure ahead of Fed Meeting Minutes. US stocks fell in early trading after major retailer, Target
Wall Street under pressure ahead of Fed Meeting Minutes. US stocks fell in early trading after major retailer, Target
China MLF Rate down 10Bps, Wall Street expects US economy will reach soft landing. PBOC unexpectedly cut 1Y Medium-Term
ICE Newcastle back to above USD400/Ton, the energy sector strengthens the past week. Last week’s strengthening of the
1-Year inflation expectations drop to 5%, Dow Jones gains more than 400 points. The data show the U. of Mich. 1Y
Producer level deflation confirms that Consumer level inflation has reached its peak. US Final Demand PPI July MoM
Headline inflation slopes, as fuel costs fall 20%. Both Headline CPI and US Core CPI July YoY sloped to 8.5% (Vs. Jun.
Negative FCF Micron weighs on tech stocks, Nasdaq down more than 1%. Micron Technology shares fell nearly 4%, after
Coal Average Selling Price Increase BBNI recorded a net profit growth of up to 75.1% YoY to IDR8.8 trillion in 1H22,
Coal Average Selling Price Increase BMRI recorded a Consolidated CASA growth of 16.5% YoY to IDR932.9Trillion 1H22,