The Indonesian stock market has experienced gains over the past two sessions, accumulating nearly 65 points or a 0.8 percent increase. The Jakarta Composite Index (JCI) now hovers just above the 7,680 mark, but it may see little movement on Friday.The outlook for Asian markets is muted ahead of crucial U.S. employment data expected later today. European markets closed lower, while U.S. markets were mixed and relatively flat, suggesting that Asian markets may follow a similar path.On Thursday, the JCI saw modest gains driven by financial, cement, and food sector shares, though resource-related stocks showed mixed performance. The index increased by 8.15 points, or 0.11 percent, to close at 7,681.04, trading within a range of 7,650.80 to 7,722.23.Key market movers included:- Bank CIMB Niaga: +1.60%- Bank Danamon Indonesia: +0.38%- Bank Negara Indonesia: +1.87%- Bank Central Asia: -0.49%- Bank Rakyat Indonesia: +0.98%- Indosat Ooredoo Hutchison: +1.62%- Indocement: +0.37%- Semen Indonesia: +1.26%- Indofood Sukses Makmur: +4.10%- United Tractors: -0.45%- Astra International: +0.50%- Astra Agro Lestari: +5.81%- Jasa Marga: +2.39%- Vale Indonesia: -0.54%- Timah: +1.02%Other stocks such as Bumi Resources, Bank Mandiri, Bank Maybank Indonesia, Energi Mega Persada, and Aneka Tambang remained unchanged.Wall Street’s performance was mixed on Thursday, with major averages fluctuating and ultimately ending the day with minor changes. The Dow Jones Industrial Average fell by 219.22 points, or 0.54 percent, to 40,755.75. The NASDAQ increased by 43.36 points, or 0.25 percent, to 17,127.66, while the S&P 500 declined by 16.66 points, or 0.30 percent, to 5,503.41.This mixed outcome followed varied employment data, with the Labor Department’s anticipated monthly jobs report due later today. Economists forecast an addition of 160,000 jobs in August, up from 114,000 in July. The unemployment rate is expected to decrease from 4.3 percent in July, the highest since October 2021, to 4.2 percent in August.Before market opening, ADP reported that private sector employment in the U.S. increased in August but fell short of expectations.On the commodities front, crude oil futures closed lower on Thursday amid concerns about future demand, though losses were tempered by reports that OPEC has delayed plans to increase production next month. West Texas Intermediate Crude oil futures for October dropped by $0.05, settling at $69.15 a barrel, the lowest close in approximately nine months.The material has been provided by InstaForex Company – www.instaforex.com
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