US stock markets managed to end on green at the closing (15/12); supported by a rebound from technology sector stocks. The Federal Reserve said it would accelerate tapering so it is expected to end in March 2022. The US central bank also gave a signal for three interest rate hikes next year.
From the domestic market, JCI was able to post a slight gain of 0.16% to 6,626; supported by the financial sector with an increase of 0.45%. Market participants will pay close attention to the impact of the planned interest rate hike in the US as well as the results of the BI RDG which will be announced today. Technically, the benchmark index is expected to remain mixed in the range of 6,600-6,700.
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