INDONESIA: Country Wrap: Footwear Exports Continue to grow
Aug-22 05:29
- Indonesia is now the sixth-largest footwear exporter in the world, with exports reaching USD 3.77 billion, according to the Industry Minister. The minister made the announcement on Thursday at a shipping event for Converse shoes made by PT Yih Quan Footwear Indonesia, located in the Batang Industropolis Special Economic Zone (SEZ) in Central Java. “This shows that Indonesia can produce shoes that meet international standards,” he said, pointing to the success of Converse exports as proof. (source Antara)
- Indonesia is aiming high, but the private sector is "cautiously optimistic." The government has set a 5.4 percent growth target for 2026, a number intended to signal resilience amid global uncertainty. But for the chairwoman of the Indonesian Employers Association (Apindo), the figure looks more aspirational than inevitable. “People may seem optimistic, but for the business community, it’s more a sense of being cautiously optimistic," she said during an interview (source Jakarta Globe)
- In what has been a rare occasion over the last two months, the Jakarta Composite is set to finish the week lower. Down a mere -0.03% today, the JCI remains down -0.54% for the week.
- The Rupiah remains under pressure again and is one of the worst performers this week. Down -0.40% today at 16,352 this week's losses has seen IDR trade above all major moving averages, a move that could see further losses.
- Bonds have had a good week following the BI rate cut and the 10-year is at 6.35% -4bps for the week.
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BOBL TECHS: (U5) Key Near-Term Resistance Remains Exposed
Jul-23 05:25
- RES 4: 118.390 High Jun 13 and a key resistance
- RES 3: 118.109 76.4% retracement of the Jun 13 - Jul 11 bear leg
- RES 2: 118.060 High Jun 20 and a key near-term resistance
- RES 1: 118.030 High Jul 22
- PRICE: 117.890 @ 06:09 BST Jul 23
- SUP 1: 117.667 20-day EMA
- SUP 2: 117.450 Low Jul 18
- SUP 3: 117.200 Low Jul 11 and the bear trigger
- SUP 4: 117.000 Round number support
Bobl futures traded higher again, on Tuesday and the contract maintains a firmer short-term tone. Sights are on a key near-term resistance at 118.060, the Jun 20 high. A break of this hurdle would strengthen a bullish theme and signal scope for an extension towards 118.390, the Jun 13 high. Key support and the bear trigger has been defined at 117.200, the Jul 11 low. Initial firm support is seen at 117.450, the Jul 18 low.
LOOK AHEAD: UK Timeline of Key Events (Times BST)
Jul-23 05:23
| Date | UK | Period | Event |
| 24-Jul | 0930 | Jul | S&P Global Flash PMI |
| 24-Jul | 1100 | Jul | CBI Industrial Trends |
| 25-Jul | 0001 | Jul | Gfk Monthly Consumer Confidence |
| 25-Jul | 0700 | Jun | Retail Sales |
| 28-Jul | 1100 | Jul | CBI Distributive Trades |
| 29-Jul | 0001 | Jul | BRC Monthly Shop Price Index |
| 29-Jul | 0930 | Jun | BOE Lending to Individuals / M4 |
| 01-Aug | 0930 | Jul | S&P Global/ CIPS UK Final Manufacturing PMI |
| 05-Aug | 0930 | Jul | S&P Global/ CIPS UK Final Services PMI |
| 06-Aug | 0930 | Jul | S&P Global/CIPS Construction PMI |
| 07-Aug | 1200 | --- | Bank Of England Interest Rate |
| 07-Aug | 1230 | --- | BOE Press Conference |
| 07-Aug | 1400 | Jul | Decision Maker Panel data |
| 12-Aug | 0001 | Jul | BRC-KPMG Shop Sales Monitor |
| 12-Aug | 0700 | Jun/Jul | Labour Market Survey |
| 14-Aug | 0700 | Q2 / Jun | GDP / Services / Production / Trade / Construction |
LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
Jul-23 05:18
| Date | Time | Country | Event |
| 23-Jul | 1500 | EU | Consumer Confidence Indicator (p) |
| 24-Jul | 0700 | DE | GFK Consumer Climate |
| 24-Jul | 0745 | FR | Manufacturing Sentiment |
| 24-Jul | 0800 | ES | PPI |
| 24-Jul | 0815 | FR | S&P Global Flash PMI |
| 24-Jul | 0830 | DE | S&P Global Flash PMI |
| 24-Jul | 0900 | EU | S&P Global Flash PMI |
| 24-Jul | 1315 | EU | ECB Decision |
| 24-Jul | 1345 | EU | ECB Press Conference |
| 25-Jul | 0745 | FR | Consumer Sentiment |
| 25-Jul | 0900 | EU | M3 |
| 25-Jul | 0900 | IT | ISTAT Consumer Confidence |
| 25-Jul | 0900 | IT | ISTAT Business Confidence |
| 25-Jul | 0900 | DE | IFO Business Climate Index |
| 25-Jul | 1400 | BE | BNB Business Confidence |
| 29-Jul | 0800 | ES | GDP (p) |
| 29-Jul | 0900 | EU | ECB Consumer Expectations Survey |
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