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Market Review

Weekly Market Review (19 Oct 2020) - What happened and What's Next?

Global equities edged up slightly with S&P 500 +0.2% WoW and MSCI Asia ex-Japan +0.3% WoW on the back of positive 3Q earnings results announced and some supporting economic data. In the US, out of the 10% of the S&P 500 companies that have reported 3Q20 results, 86% have reported…

Weekly Market Review (12 Oct 2020) - What happened and What's Next?

Global equities recovered some losses from previous weeks, driven by positive development on US fiscal stimulus front. Earlier last week, President Trump called for stimulus negotiations to stop until after election day. He then reversed his decision and said that he is willing to sign a standalone bill for another…

Weekly Market Review (28 Sep 2020) - What happened and What's Next?

Global equities were closed lower last week with S&P and Dow Jones down by -0.6% WoW and -1.7% WoW respectively. A number of negative developments has weighed the markets. Resurgence of Covid-19 infections has gripped Europe with a record number of daily cases seen in UK and France with positivity…

Weekly Market Review (21 Sep 2020) - What happened and What's Next?

Global equities closed with mixed performance last week with S&P 500 down -0.6% WoW while MSCI Asia ex-Japan gained +1.7% WoW. During the September FOMC meeting Fed forecasts were substantially upgraded, but the median “dots” continue to imply policy rates remaining at 0-25bp through 2023. Forward guidance on rate rises…

Weekly Market Review (14 Sep 2020) - What happened and What's Next?

Global equities were closed lower last week as technology stocks pulled back, marked a second straight weekly drop. On a separate note, progress on another fiscal stimulus bill in Washington remains muted. Democrats blocked Senate Republican bill on the Senate floor last Thursday, raising the possibility that a stimulus bill…

BPAM Outlook September 2020

Batavia Prosperindo Aset Manajemen Outlook September 2020

Weekly Market Review (31 August 2020) - What happened and What's Next?

Global indexes posted strong gains last week with SPX hit record high, up +3.3% WoW and Asia ex Japan gained +2.9% WoW. Support for equities came from multiple fronts such as positive newsflows on Covid-19, US-China phase I deal as well as tailwinds from central bank accommodative monetary policies. FDA…

Weekly Market Review (24 August 2020) - What happened and What's Next?

Global indexes closed the week mixed with S&P 500 down slightly by -0.2% WoW, while MSCI Asia ex-Japan was up by +0.5% WoW. On US-China tensions, US further tightened restrictions on supplies to Huawei, which led to a broader risk-off sentiment for the tech sector. While US and China may…