Today’s Outlook :
• US MARKET : Wall Street closed slightly higher on Tuesday in a volatile trading session as investors monitored developments in U.S.-Iran negotiations and several AI-related catalysts. The S&P 500 rose 0.1% to 7,610.51, closing above the 7,600 level for the first time ever. The Nasdaq was little changed at 27,093.90, while the Dow Jones gained 0.5% to 51,308.46. All three indexes once again posted record closing highs.
Market sentiment remained mixed after Iranian media reported that communications with the U.S. had been temporarily suspended, although U.S. President Donald Trump and Secretary of State Marco Rubio stated that negotiations were still ongoing.
In the technology sector, Alphabet announced plans to raise USD80 billion to expand its AI infrastructure. Meanwhile, shares of Marvell Technology surged more than 32% after Jensen Huang said the company could become the “next trillion-dollar company.” Shares of Hewlett Packard Enterprise also jumped more than 19% on strong quarterly results and robust AI data center-related demand.
• EUROPEAN MARKET :European stocks closed higher on Tuesday, while oil prices retreated, as investors assessed uncertainty surrounding a potential agreement to end the conflict in the Middle East. The Stoxx 600 gained 0.7%, Germany’s DAX rose 0.5%, France’s CAC 40 advanced 0.8%, and the U.K.’s FTSE 100 added 0.3%. Technology stocks were among the key drivers of the rally. Shares of STMicroelectronics climbed to their highest level in more than 25 years after the company raised revenue targets for its data center business, reflecting strong optimism toward the growth of the artificial intelligence industry.
• ASIAN MARKET : Asian stocks traded mixed on Tuesday amid uncertainty surrounding developments in the U.S.-Iran conflict, including reports that Iran had halted communications with the U.S. through mediators. Japan’s Nikkei 225 and South Korea’s KOSPI each fell around 2% from record levels, pressured by profit-taking in technology and semiconductor stocks following a strong AI-driven rally. In South Korea, May inflation reached its highest level in 26 months, further increasing expectations that the Bank of Korea will raise interest rates this year. In contrast, Hong Kong’s Hang Seng Index gained 0.8%, supported by strength in technology shares.
• COMMODITIES : Oil prices rose more than 1% on Wednesday as tensions in the Middle East escalated again. Brent crude gained 1.09% to USD97.05 per barrel, while WTI rose 1.08% to USD94.77 per barrel. Both benchmarks closed at their highest levels in one week.
Sentiment was driven by Iran’s missile attacks on Kuwait and Bahrain, although no targets were hit. In response, the U.S. military launched strikes on Iran’s Qeshm Island. Markets also continued to monitor U.S.-Iran negotiations, with Iran still reviewing a proposed agreement to end the conflict. Although Iranian media reported that communications with Washington had been suspended for several days, President Donald Trump stated that negotiations remain ongoing.
• INDONESIA :The JCI closed higher at 6,195.43 on Tuesday, gaining 1.11%, supported by strength in conglomerate-related stocks, particularly Barito Renewables Energy (BREN), Petrindo Jaya Kreasi (CUAN), Dian Swastatika Sentosa (DSSA), and Amman Mineral Internasional (AMMN).
Meanwhile, Barito Pacific (BRPT) and Chandra Asri Pacific (TPIA) declined despite posting gains during the first trading session, contributing to intraday pressure on the index. Should these conglomerate stocks continue to strengthen, the next expectation for the JCI would be a breakout above the nearest MA10 level at 6,250 before forming a stronger base for a potential rebound toward the 6,500 area.
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