Indonesia's stock market has fallen in three consecutive sessions, retreating almost 280 points or 3.9 percent in that span. The Jakarta Composite Index is now just above the 6,970 plateau, although it should receive support on Monday.
The global forecast for Asian countries. markets is cautiously optimistic about an improving outlook for interest rates. European and US markets are mostly up and Asian stocks are likely to follow suit.
The JCI closed slightly lower again on Friday following losses from food companies and mixed results from financial and resource stocks.
During the day, the index fell 63.40 points or 0.90 percent to end at 6,970.74 after trading between 6,959.23 and 7,102.22.
Among assets, Bank CIMB Niaga plunged 2.86 percent, while Bank Mandiri raised 0.43 percent, Bank Negara Indonesia fell 2.00 percent, Bank Central Asia soared 2.78 percent , Bank Rakyat Indonesia sank 0.91 percent, Indosat Ooredoo Hutchison rose 0.25 percent, Semen Indonesia plummeted 5.42 percent. percent, Indofood Sukses Makmur lost 2.89 percent, United Tractors fell 0.90 percent, Astra International lost 0.69 percent, Energi Mega Persada plummeted 5.49 percent, Astra Agro Lestari advanced 0.86 percent, Aneka Tambang fell 1.68 percent, Vale Indonesia fell 0.20 percent, Timah fell 1.65 percent. percent, Bumi Resources rose 3.41 percent and Bank Danamon Indonesia and Indocement were unchanged.
Wall Street's upside is quite positive as the major averages opened higher on Friday, fell by midday but recovered to finish mixed.
The Dow Jones rose 574.82 points or 1.51 percent to finish at 38,686.32, while the NASDAQ fell 2.08 points or 0.01 percent to close at 16,735.02 and the S&P 500 gained 42.03. points or 0.80 percent to close at 5,277.51.
For the week, the S&P 500 fell 0.5 percent and the Dow Jones and Nasdaq fell 1.0 percent and 1.1 percent, respectively, although all major averages posted strong gains for the month. May.
The mostly bullish close on Wall Street came after the release of highly anticipated data from the Commerce Department showing that U.S. consumer prices rose in line with estimates in April, while underlying consumer prices rose. slightly less than expected.
The inflation readings, said to be preferred by the Federal Reserve, generated optimism that investors could see a rate cut in the coming months.
Oil prices fell on Friday, extending losses for a third straight day amid concerns about the outlook for demand, although optimism over the extension of OPEC production cuts limited the decline. West Texas Intermediate crude oil futures for July fell $0.92 to $76.99 a barrel.
Closer to home, Indonesia will release consumer price figures for May today. In April, headline inflation rose 0.25 percent month-on-month and 3.00 percent year-on-year, while core CPI rose 1.82 percent year-on-year.
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