The three main indices on the US stock market closed higher, driven by earnings reports that exceeded estimates. The US has postponed the imposition of import tariffs on Canada and Mexico for another month, which remains a positive factor, despite China's plans to retaliate with tariffs. China will impose an additional 15% tariff on US imports of coal and liquefied natural gas, as well as a 10% higher duty on US crude oil, agricultural machinery, and certain cars. These additional tariffs will take effect on February 10, 2025. Meanwhile, crude oil prices rose after an official stated that President Trump plans to reinstate the "maximum pressure" campaign against Iran in an effort to reduce Iranian oil exports to zero. Gold prices reached an all-time high, driven by investors seeking safe-haven assets after China retaliated by imposing tariffs on the US in response to tariffs imposed by Trump.

The JCI closed higher by 0.62% at 7,073 on Tuesday, February 4, 2025. The basic materials sector recorded the largest increase, while the finance sector was the only one to decline. Foreign investors conducted a net sell of IDR 189.06 billion, including in the non-regular market. For today’s trading, the JCI is expected to move within a support range of 7,030/7,000 and a resistance range of 7,125/7,175. Stock picks: ASII, UNTR, BRIS, BBNI, BBRI, TPIA, BREN, BRPT, PSAB, GOTO, RAJA, AKRA.

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