JCI’s movement this week may potentially inch closer to the psychological level of 7,000, after successfully booking its highest record last week. The lack of new domestic sentiments means investors will look to the global catalysts. The development of the situation in Ukraine will still be the main focus; where market participants may potentially return to defensive sectors and safe haven assets, if the risk of invasion increases. Meanwhile, the inflation data of European Union is projected to reach 5.2%; higher than the previous month’s 5.0%.
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