Morning Chatter

KBVS MORNING CHATTER
Thursday, 4 September 2025

Headline News :
•    WIKA – Secures IDR302.8 bn irrigation projects
•    WIRG – Controlling shareholder reduces ownership
•    JPFA – Government' MBG program to support sales
•    ERAA – Omnichannel expansion strategies as to boost iPhone 17 sales
•    ASLC – Caroline.id showrooms expansion

Market Commentary :
US stocks mostly rose yesterday, with the Nasdaq up 1.03% and S&P500 gaining 0.51%, lifted by Alphabet and Apple, while the Dow slipped 0.1% on Boeing’s 2.1% drop. Alphabet surged 9.1% after a court ruling blocked a breakup while preserving its control of Chrome and Android, and Apple climbed 3.8% after its payment arrangements with Google were upheld. 
Optimism over an imminent Fed rate cut also supported gains, with several officials signaling that easing may be near. Futures now imply a ~96% chance of a 25bps cut at the September 17 meeting. 
Labor market data showed softer job openings, and investors await Friday’s payrolls report. Despite September’s weak seasonal track record, rate-cut expectations are easing pressure, while attention turns to Q3 earnings forecasts and potential tariff risks. 
Oil prices dropped more than 2% on Wednesday, with Brent at USD 67.67/barrel and WTI at USD 64.01/barrel, ahead of an OPEC+ meeting this weekend where members are expected to discuss raising October production targets to regain market share. 
Asia-Pacific markets closed mixed Wednesday, with attention on Chinese markets after President Xi Jinping’s WWII anniversary speech attended by 26 world leaders, including Putin and Kim Jong Un. Investors also weighed rising global bond yields and trade developments. The JCI ended 1.08% higher at 7,885.86.

Regards,
KBVS Research Team

 

Please click download button below for full report.

Unduh