Wall Street was little changed Wednesday, erasing an earlier climb after Minneapolis Fed President Kashkari said it's time to start slowly raising rates -- a reminder the hawkish voices haven't gone away even amid the recent rally.
- S&P 500 -0.2% after Tuesday's record close.
- Nasdaq -0.8% as Alphabet dragged following reports of senior AI talent departures.
- Stock in Asia were poised to ease.
Of 372 S&P 500 companies reporting so far, 87% have beaten EPS estimates. The US service sector also expanded at a steady pace, with business activity hitting a five-month high.

Iran's foreign ministry confirmed it agreed with Oman on the geopolitical coordinates for the proposed Hormuz shipping route -- a joint statement is under review, with a deal expected if third parties don't interfere. Trump called the talks "moving along very nicely." WTI held near $75 (-11% over the week's first three sessions), Brent at $79.
> Meanwhile, Houthi militants targeted a Saudi tanker in the Gulf of Aden and threatened further Red Sea attacks -- a reminder that even as the Hormuz track advances, the broader regional risk hasn't fully cleared.

Gold posted its biggest gain since February, jumping over +4% to ~$4,250 after breaking a key technical resistance level, as falling oil eased inflation concerns. Markets now price just one Fed hike by year-end, down from two a week ago.
Copper hit a record high on Comex, up 18% this year, as traders position ahead of a US tariff decision.

The JCI rose +0.5% to 6,351, sitting right at the ascending triangle breakout line (6,365) after Indonesia's Q2 GDP print beat expectations.
- The economy grew 5.29% YoY -- slower than Q1's 5.61%, but well above the 5.1% consensus.
- Household consumption remained the core driver (+5.06%), gross fixed capital formation accelerated to 6.87%, and government spending jumped nearly 16% on the free meals program expansion and civil servant bonuses. Every sector grew except mining.
- Unemployment eased to 4.65% from 4.68%, the labor force grew to 155.1 million, and the poverty rate fell to 8.07% from 8.47% a year ago.
A genuinely resilient growth story given the backdrop -- an Iran war pressuring energy costs and commodity exports, alongside real investor scrutiny of policy direction and Indonesia's MSCI /rating status. The Finance Minister signaled more stimulus is coming on the back of this beat.
o Bonds
Indonesia raised Rp32 trillion from a nine-series government securities auction that attracted Rp70.72 trillion in bids -- a bid-to-cover ratio above 2x, underscoring continued investor appetite for Indonesian sovereign debt even amid the BI transition uncertainty (Government)
o SOE Banks
The government extended its Rp200 trillion ($11.2 billion) placement with state banks from year-end to July 2027 -- addressing the liquidity concern we flagged earlier.
o E-commerce
Indonesia will postpone new income-tax collection from marketplace sellers (Tokopedia, Shopee, Lazada, Blibli) -- no timeline given, but the explicit rationale is giving consumer spending room to strengthen further.
o

BUMI

Bumi Resources provided an update on its planned acquisition of Australian miner Loyal Metals (ASX: LLM), confirming the deal remains in the process of fulfilling required conditions -- no funds or shares have transferred yet. Under the Scheme Implementation Deed signed in April,

BUMI

is offering AUD 0.45/share for 100% of LLM, valuing the transaction at over AUD 68 million (~Rp865 billion). Management reiterated completion still depends on satisfying the agreed conditions precedent.
o

BBNI

Net profit rose 6.5% YoY to Rp10.75 trillion, supported by lending growth and higher net interest income.
o

ISAT

Indonesia's second-largest carrier is pursuing roughly $2 billion in loans (Citigroup arranging) to buy advanced chips (Bloomberg)
Corporate Calendar
06/08: Cash Dividend Cumdate:

SMSM

,

HUMI

07/08: Cash Dividend Cumdate:

NPGF

,

SMDR

RUPS :

PADI

Warrant Maturity:

HUMI

-W
10/08: Cash Dividend Cumdate:

EAST

,

IKBI

11/08: Cash Dividend Cumdate:

AMAR

,

TAPG

RUPS :

EMTK

,

OBAT

,

OILS

,

SDRA

12/08: RUPS :

KRYA

,

NELY

Economic Calendar
1. US - U.S. President Trump Speaks
2. US - Initial Jobless Claims
3. US - Unit Labor Costs (QoQ) (Q2)
4. US - Nonfarm Productivity (QoQ) (Q2)
5. US - Atlanta Fed GDPN ow (Q3)
6. US - Fed's Balance Sheet
Suspensions
Opened :

ALKA

,

TGUK

,

MDIA

Suspended :

DOOH

Watchlist / FCA
In :

ALKA

Out :

RDTX

,

PDES

UMA

TRUK

Disclaimer On
  IPOT Platinum Club 

Sumber : IPS