Consumer Non-Cyclicals Resilience Vs. JCI weakened by 3%. The Non-Cyclicals Consumer sector was able to bear up or rose slightly by 0.03%; compared to Technology which was depressed by more than 8% and led the sectoral decline. NHKSI Research observes that the U.S. economic data dominate market sentiment for the week. In addition, the U.S. Unemployment Rate fell to a low of 3.5%; the PPI and CPI of U.S. Sept. at 8.5% YoY and 8.2% YoY, respectively; guarantees the FFR on Nov. by 4% level remains on track. The inflation, which remains at high levels, has the opportunity to make the U.S. PCE Core Deflator Sept. surpass the level of 5% YoY, another indicator of the Fed in determining the increase of the FFR hike. As for the Consumer Confidence Index Indonesia Sept. was still at an optimistic level, or the level of 117.2 points. Consumer Confidence has not been able to withstand the pressure of the JCI, which is close to the psychological level of 6,800.

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