External broker reports(aggregated public sources), BRI Danareksa Research

BRI Danareksa Research

External broker reports(aggregated public sources)

As a one-stop financial solution with the vision to be the most valuable securities house, BRI Danareksa Sekuritas (BRIDS) has maintained an excellent track record and extensive experience in the capital market as an underwriter, broker, and financial advisor for individual, institutional, foreign and domestic, private and government clients. Established in 1992, PT Danareksa Sekuritas is a securities company that performs activities as a securities broker, underwriter, or arranger and financial advisor.

Cross Asset Strategy

<ul><li>While not immediately creating an ideal situation, the recent positive developments help counter the prolonged negative sentiment.</li><li>Sustained market momentum requires key macroeconomic improvements; but twin deficits and tight liquidity add risk catalysts.</li><li>Bank Indonesia intervention will provide a buffer for liquidity, with its ownership in SBN now the highest, surpassing banking’s.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

While not immediately creating an ideal situation, the recent positive developments help counter the prolonged negative sentiment.Sustained market momentum requires key macroeconomic improvements; but twin deficits and tight liquidity add risk catalysts.Bank Indonesia intervention will provide a buffer for liquidity, with its ownership in SBN now the highest, surpassing banking’s.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

External broker reports(aggregated public sources), Scotiabank

Scotiabank

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

FX & Rates

<ul>
<li>FX Market Update —The USD is trading defensively against its major currency peers as markets position for today’s US inflation data.</li>
<li>Stocks are firmer across the globe and major bond markets are stronger, pushing US 10Y yields down 2 -3bps; commodities are mixed to slightly firmer.</li>
<li>The overall mood suggests markets are expecting solidly positive news from the 8.30ET release. Indeed, CPI is expected to reflect a sharp fall in headline prices in the June year.</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


FX Market Update —The USD is trading defensively against its major currency peers as markets position for today’s US inflation data.
Stocks are firmer across the globe and major bond markets are stronger, pushing US 10Y yields down 2 -3bps; commodities are mixed to slightly firmer.
The overall mood suggests markets are expecting solidly positive news from the 8.30ET release. Indeed, CPI is expected to reflect a sharp fall in headline prices in the June year.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Daily - USD Trades Defensively Ahead of CPI

Macroeconomics

<ul>
<li>The weaker IDR suggests greater possibility of a BI rate hike; however, we note three factors that rate hike is not the ultimate panacea.</li>
<li>The fiscal deficit would surpass 4% if the Debt-to-GDP ratio approaches 48%. More comprehensive fiscal design should result in more clarity.</li>
<li>The DXY is stronger on a weaker Yen as the BoJ delayed providing details of its QT plan. Expect cross currency event risk to prevail in the ST.</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


The weaker IDR suggests greater possibility of a BI rate hike; however, we note three factors that rate hike is not the ultimate panacea.
The fiscal deficit would surpass 4% if the Debt-to-GDP ratio approaches 48%. More comprehensive fiscal design should result in more clarity.
The DXY is stronger on a weaker Yen as the BoJ delayed providing details of its QT plan. Expect cross currency event risk to prevail in the ST.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Weekly Update Economic & Fixed Income Research Monday, Jun 19 , 2024

<ul><li>The weaker IDR suggests greater possibility of a BI rate hike; however, we note three factors that rate hike is not the ultimate panacea.</li><li>The fiscal deficit would surpass 4% if the Debt-to-GDP ratio approaches 48%. More comprehensive fiscal design should result in more clarity.</li><li>The DXY is stronger on a weaker Yen asthe BoJ delayed providing details of its QT plan. Expect cross currency event risk to prevail in the ST.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The weaker IDR suggests greater possibility of a BI rate hike; however, we note three factors that rate hike is not the ultimate panacea.The fiscal deficit would surpass 4% if the Debt-to-GDP ratio approaches 48%. More comprehensive fiscal design should result in more clarity.The DXY is stronger on a weaker Yen asthe BoJ delayed providing details of its QT plan. Expect cross currency event risk to prevail in the ST.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Macro Strategy: The Conflation of Currency Risk and Fiscal Frailty

<ul><li>The USD is trading little changed against the major currencies overall.</li><li>Markets appear to have an eye on month-end and the long weekend already and movement in the core majors is very limited on the session so far.</li><li>Only a few pairs are trading more than +/- 0.1% on day at this point. Stocks are mixed to slightly firmer while Treasurys are flat. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The USD is trading little changed against the major currencies overall.Markets appear to have an eye on month-end and the long weekend already and movement in the core majors is very limited on the session so far.Only a few pairs are trading more than +/- 0.1% on day at this point. Stocks are mixed to slightly firmer while Treasurys are flat. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Daily - JPY Nudges Higher After Officials Meet

United States

The U.S. Dollar Index(USDX) indicates the general int'l value of the USD. The USDX does this by averaging the exchange rates between the USD and major world currencies. The ICE US computes this by using the rates supplied by some 500 banks. FOR REAL TIME SEE EIS ICEA<GO>.

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Dollar Index (DXY CURNCY)

Macro Strategy: The Amalgam of Catalysts

While not immediately creating an ideal situation, the recent positive developments help counter the prolonged negative sentiment.

BRI Danareksa Research

FX Daily - USD Trades Defensively Ahead of CPI

Stocks are firmer across the globe and major bond markets are stronger, pushing US 10Y yields down 2 -3bps; commodities are mixed to slightly firmer.

Scotiabank

BRIDS Weekly Update Economic & Fixed Income Research Monday, Jun 19 , 2024

The DXY is stronger on a weaker Yen as the BoJ delayed providing details of its QT plan. Expect cross currency event risk to prevail in the ST.

BRI Danareksa Research

Macro Strategy: The Conflation of Currency Risk and Fiscal Frailty

The weaker IDR suggests greater possibility of a BI rate hike; however, we note three factors that rate hike is not the ultimate panacea.

BRI Danareksa Research

FX Daily - JPY Nudges Higher After Officials Meet

Markets appear to have an eye on month-end and the long weekend already and movement in the core majors is very limited on the session so far.

Scotiabank

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)