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Samuel Securities: The JCI Movement Influenced The FED Interest Rate Increases

Jakarta (Benchmark News) – Samuel Securities Indonesia predicts the movement of the composite stock price index (IHSG) in trading Thursday (3/11/2016) influenced by the optimism surrounding commodity prices recorded coal rises, U.S. presidential election events and a rise in the interest rates the Fed’s reference are believed to still be rising at the end of this year.

Samuel Securities research team exposed the US index overnight closed amid the weakening of The Fed’s decision not to change interest rates that see. Some important data this week among other nonfarm, jobless and continuing claims, nonfarm payrolls and the tradebalance.

Of the reference index of European markets in the region closed weakening was driven by the drop in world oil prices and the US election draws closer. As for, this morning most of the indexes in the APAC traded weakened, with the rise of the index occurred on thin KOSPI and the ASX200.

Meanwhile, the commodities market this morning world oil prices recorded a rebound while gold is also rising.

Then, from the domestic market, yesterday closed JCI weakened. Financial performance 3Q16 issuers that have been reported by most issuers we see have been reflected and would price in at most this weekend.

“Driving the index will still come from optimism about commodity prices recorded coal rises, U.S. presidential election events and a rise in the interest rates the Fed’s reference are believed to still be rising at the end of this year,” said the research.

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