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…

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…

Batavia Prosperindo Aset Manajemen Outlook September 2020

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…

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…

Menunjuk Pengumuman Kalender Libur Bursa Tahun 2020 yang dikeluarkan oleh Bursa Efek Indonesia maka disampaikan bahwa Hari Libur Bursa dan Cuti Bersama sehubungan dengan Tahun Baru Islam 1442 H adalah pada tanggal 20 dan 21 Agustus 2020.

Majority of global equity indexes ended the week with moderate gains as there is no clear cut catalysts to move the market in either direction. US indexes were closed mixed on Friday but still posted gains for the week on the back of mixed economic data. Retail sales growth in…

Global equities were closed mixed last week on the back of mixed corporate earnings and economic data. US mega-cap tech stocks such as Apple, Amazon and Facebook booked better than expected profit. Whereas other sectors, especially energy stocks were hit by the poor results. On economic data, US consumer spending…