US stock markets ended last week with an increase; marked by a new S&P 500 record. In general, economic data shows that the labor market has not recovered to its full potential and the increase in inflation is indicated to be temporary. This causes market participants to be optimistic that the Federal Reserve will continue its accommodative policy.
This week, JCI movement has the potential to be influenced by economic data such as the release of the Trade Balance and Bank Indonesia’s RDG results. Investors will also pay close attention to the developments in the number of Covid-19 cases, which is starting to show an increase in some areas. For today, the benchmark index is projected to strengthen limitedly with the range of movement at 6,064 – 6,226.
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