Daily Report | 20 May 2022
Wall Street stocks continued to decline, as inflationary pressures began to weigh on the companies' performance. The Dow
Wall Street stocks continued to decline, as inflationary pressures began to weigh on the companies' performance. The Dow
Poor performance and margin pressures for a number of retail companies weighed on Wall Street's stock markets. The
US retail sales and manufacturing output growth in April rose +0.9% MoM and +1.1% MoM respectively, improving the
Wall Street stocks were mixed ahead of retail sales data. Nasdaq fell 1.2%; followed by the S&P 500 that was down
US April Producer Price Index is at 11% YoY (Vs. Prev. 11.5%), surpassing the consensus of 10.7%, and could break the
US April inflation 8.3% YoY (Vs. Cons. 8.1% YoY) is still high, but lower than March's 8.5% YoY. This inflation data did
Wall Street rebounded after three consecutive days of correction. Nasdaq and S&P 500 indexes gained 0.98% and 0.25%,
CPIN posted a 21.6% increase in revenue in FY21 to IDR51.7 trillion (vs FY20: IDR42.5 trillion). Cost of Goods Sold also
US inflation remains high, and the Fed is projected to raise June FFR by 50 bps to 1.25%-1.50%. Earlier in the week,