Wall Street closed mixed on (28/02); with the S&P 500 and Dow Jones declining, while the Nasdaq edged higher. Western countries have added to the list of sanctions against Russia by removing several large banks from the SWIFT payment system, as well as restricting access to foreign exchange reserves. The impact of the sanctions began to be felt with the drop in the Ruble exchange rate to historical lows.
From the domestic market, the JCI managed to strengthen by 3.88% throughout the month of last February amidst the lack of new positive catalysts. On the beginning of the month, investors will pay close attention to the release of routine monthly economic data such as inflation data and the Manufacturing PMI index by IHS Markit. Technically, the benchmark index is projected to move higher within the range of 6.850-6.950.
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