JAKARTA – Inflation pressure is expected to increase in February 2025, as reflected in Price Expectation Index (IEH) of 160.2 points, higher than the January 2025 forecast of 157.8 points. This inflation forecast is based on Bank Indonesias Retail Sales Survey (SPE-BI) conducted in November 2024. According to the SPE-BI report published on Friday (10/1),...
JAKARTA - PT Bumi Resources Minerals Tbk (BRMS) secured the top spot for net foreign buy at the closing bell of stock trading at the end of the week (10/1). Yesterday (9/1), the company ranked second, just behind PT Bumi Resources Tbk (BUMI). According to data from IDN Financials, BRMS recorded a net foreign buy...
JAKARTA - PT Aneka Tambang Tbk (ANTM) has announced its exploration report for the period ending on December 31, 2024. Syarif Faisal Alkadrei, the Corporate Secretary of the company, stated in a written statement that the exploration activities focus on commodities such as gold, nickel, and bauxite, with a total preliminary unaudited exploration expenditure of...
Euro area inflation accelerated for the third straight month to the fastest in five months in December, suggesting that the European Central Bank will be cutting interest rates more slowly than anticipated. The harmonized index of consumer prices climbed 2.4 percent from a year ago, following a 2.2 percent gain in November, preliminary data from...
With imports surging by more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of November. The Commerce Department the trade deficit increased to $78.2 billion in November from a revised $73.6 billion in October. Economists had expected the...
With imports rebounding by more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of November. The Commerce Department the trade deficit increased to $78.2 billion in November from a revised $73.6 billion in October. Economists had expected the...
The Institute for Supply Management released a report on Tuesday showing its reading on U.S. service sector activity increased by more than expected in the month of December. The ISM said its services PMI climbed to 54.1 in December from 52.1 in November, with a reading above 50 indicating growth. Economists had expected the index...
The U.S. dollar firmed against its major counterparts on Tuesday on bets the Federal Reserve will slowdown its rate cut moves after data showed an improvement in the nations service sector activity in the month of December. Higher bond yields contributed as well to greenbacks rise. A report from the Institute for Supply Management said...
South Korea will on Wednesday see November numbers for current account, highlighting a light day for Asia-Pacific economic activity. In October, the current account surplus was $9.78 billion. Japan will see December results for its household confidence index, with forecasts suggesting a score of 36.6 - up from 36.4 in November.
The Canadian market closed weak on Tuesday, extending losses from previous session, amid political uncertainty in Canada after Prime Minister Justin Trudeau announced his resignation. A sell-off in the technology sector contributed to the weak close. The benchmark S&P/TSX Composite Index ended with a loss of 69.90 points or 0.28% at 24,929.89. The index, which...