Wall Street tend to strengthen at the closing (13/09); with solid gains in Dow Jones and S&P 500, while Nasdaq declined. The main focus of investors will be on the release of inflation data scheduled for today. Meanwhile, there are expectations that the USD 3.5 trillion budget package proposed by the Joe Biden administration will soon be approved.
From the domestic market, JCI started the week with a slight decline, although foreign investors still recorded Net Buys. The Indonesian government decided to extend PPKM until September 20, 2021, with a decrease to level 3 for Bali. For today, JCI has the potential to rebound with a projected range of movement at 6,050 – 6,150.
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