Wall Street closed in mourning for the passing of former U.S. President Jimmy Carter. European stock indices closed higher. Global markets remain concerned about persistent inflation. However, inflation in China eased in December to 0.1% YoY, down from 0.2% YoY in the previous month, raising concerns over the potential risk of deflation. Asian stock indices weakened in yesterday’s trading, amid fears that the Federal Reserve might delay its monetary policy easing due to ongoing inflation concerns. Meanwhile, crude oil prices rose as cold weather in parts of the U.S. and Europe boosted winter fuel demand.

On Thursday, January 9, 2025, the JCI closed 0.22% lower at 7,064. The energy sector saw the largest correction, while the industrial sector posted the biggest gains. Foreign investors recorded a net purchase of IDR 38.84 billion, including in the non-regular market. Today, the JCI is expected to move within a support range of 7,030/7,000 and a resistance range of 7,100/7,130. Stock picks: BBCA, BMRI, BBNI, ASII, HEAL, ISAT, AKRA, INDF, MYOR.

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