S&P 500 and Nasdaq posted another new record highs in trading (14/06). Market participants will wait for the results of the Federal Reserve’s meeting starting today, to get an idea of the policy direction ahead. The stock and bond market movements indicate investors’ confidence that the central bank will not
change its view.
From the domestic market, although the JCI started the week with a decline; however, foreign investors still recorded a net purchase of IDR 337 billion. Meanwhile, the release of the trade balance for May is expected to remain in a surplus position. JCI movement today will tend to be limited to the range of 6,060 – 6,134.
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