Wall Street closed mixed again in trading (14/04/2021), as the first quarter of 2021 financial reports were released. Several major banks such as Goldman Sachs, JP Morgan, and Wells Fargo reported financial performance that beat analyst expectations. On the other hand, a decline was seen starting to hit technology stocks after recently experiencing an upward rally.
From the domestic market, the return of buying from foreign investors was able to bring the JCI to above 6,000. The market will be watching the release of trade balance data for March 2021 which is predicted to experience a decrease in surplus, in line with the start of increasing import activity. Today, JCI is expected to consolidate with a tendency to weaken in the range of 5,957-6,113.
Download full report HERE.