The major US markets closed significantly higher on (02/03/2021). Investors welcomed the news of the stimulus package approval by congress, which has now reached the next stage of discussion at the US Senate level. Meanwhile, the 10-year bond yield also eased to around 1.4%.

The strengthening of JCI yesterday was in line with the majority of global and regional exchanges that closed green. Although the early month’s economic data weakened slightly, sentiment from the US stimulus seemed more dominant. For today, JCI is expected to be in the range of 6,300 – 6,400.

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