Daily Report | 17 May 2022
Wall Street stocks were mixed ahead of retail sales data. Nasdaq fell 1.2%; followed by the S&P 500 that was down
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,
UNTR posted 1Q22 revenue of IDR 27.9 trillion or up 56.3% YoY. The construction machinery segment recorded the largest
Speculation of a 75 bps increase in the Fed Funds Rate (FFR) in June. Wall Street's main indexes continued closing lower
Selective buying supported Wall Street's stock market yesterday. The S&P 500 and Dow Jones were up +0.2% each, with