Wall Street managed to rebound at the closing (13/10), led by Nasdaq which rose 0.73%. The release of the minutes of the Federal Reserve’s September meeting showed most central bank officials saw that the tapering process would begin in mid-November. Meanwhile, US inflation last month rose 0.4%; so the annual CPI position is at the level of 5.4%.
Domestically, the strengthening of prices in big caps stocks once again supported the JCI’s rise, this time by 0.78%. Blue chip issuers in the banking and consumer goods sectors experienced significant gains amid foreign net buys of IDR 1.2 trillion. For today, the benchmark index will try to rise to a higher consolidation range with the projected movement at 6500-6650.
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