All three major US indexes closed lower in trading (10/03); with the S&P500 index was down 0.43%. Negotiations between Ukraine and Russia regarding a ceasefire reportedly did not produce significant developments. Meanwhile, US inflation was reported at 0.8% in February or 7.9% YoY; as well as a new high in the last 40 years.
From the domestic market, the JCI rose 0.87% to 6,924 yesterday; marked by strengthening in 8 of the 11 sectoral indices. Investors will continue to pay attention to the potential for interest rate hikes, which rose again after the release of US inflation data. Towards the end of the week, the benchmark index will try to maintain its strengthening momentum with a potential movement in the range of 6,900 – 7,000.
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