Election Anxiety: Market Volatility Amidst Harris-Trump Showdown.

The US stock market is experiencing a period of volatility in advance of the forthcoming presidential election. The Dow Jones, S&P 500, and Nasdaq have all commenced trading at lower levels, reflecting the prevailing uncertainty surrounding the election. The market is particularly concerned about the possibility of no clear winner, as Democratic Vice President Kamala Harris and former Republican President Donald Trump are currently in a statistical tie. This has led to concerns among investors and traders, as a disputed election could have further unsettling effects on the market. Furthermore, Trump's previous attempt to overturn his defeat in the 2020 election contributes to the uncertainty surrounding the upcoming election. He has indicated that he may not accept the outcome of this election if he loses. The election is significant because Harris and Trump have contrasting policy views that could greatly impact the global economy, foreign relations, markets, and trade. Currently, Harris has a slight lead over Trump in recent polling, but it falls within the margin of error.

Harris dan Trump Bersaing Ketat, Wall Street Beri Respon Buruk

China's Bold Proposal: $280 Billion Fund to Stabilize Stock Market.

A Chinese think tank, the Institute of Finance & Banking, has proposed that the government of Beijing issue 2 trillion yuan ($280 billion) worth of state bonds to create a stock market stabilization fund. The proposal outlines that this fund could help stabilize the market by engaging in the purchase and sale of blue-chip stocks and exchange-traded funds. The Chinese Academy of Social Sciences, of which the Institute of Finance & Banking is a part, has published this proposal as part of its quarterly report on the Chinese economy. It is not yet clear how, or indeed if, this proposal will affect policy. In a statement released last month, Pan Gongsheng, the head of China's central bank, indicated that a study on the proposal was underway. This proposal follows the implementation of recent policy stimuli in China, which have resulted in a stock market rally. However, recent weeks have seen a rise in caution. Additionally, the think tank recommended allowing greater long-term capital investment in the market by raising the ceiling on stock investment by insurance companies and funds.

Ada Usulan Agar China Suntik Rp 4.340 TDemi Stabilkan Pasar Saham

Oil Prices Dip as US Crude Inventories Surprise, Middle East Tensions Persist.

On Wednesday, oil prices declined following the release of data indicating an unexpected increase in US crude inventories. Notwithstanding this decline, oil prices have increased by approximately 2% for the week due to the ongoing conflicts in the Middle East. Brent crude oil prices declined by 1.5% to $74.90 per barrel, while West Texas Intermediate (WTI) crude from the US fell by 1.53% to $70.64. In the preceding two sessions, oil prices had risen, partially recouping losses incurred the previous week. The decline can be attributed to concerns about demand from China and the easing of worries over possible disruption in supply from the Middle East. However, this outlook shifted earlier in the week as investors began to anticipate potential military action between Israel and Iran. Data from the American Petroleum Institute (API) indicated that US crude stockpiles increased by 1.64 million barrels, exceeding the anticipated increase of 300,000 barrels. Official data from the US government will be released later in the day.

Harga Minyak Dunia Turun Rabu (23/10), Brent ke US$74,90 dan WTI ke US$70,64