Wall Street started the week with gains in all three major markets, marking the continuation of new record closings for Dow Jones and S&P500. Investors are optimistic about the prospect of US economic growth, which is predicted to rebound this year. On the other hand, bond yields were relatively stable ahead of the start of the FOMC meeting scheduled for this week.
Domestically, JCI experienced a fairly reasonable correction after the high rise at the end of last week. Rupiah exchange rate fluctuations remain a heavy sentiment, while market players will also continue to watch companies’ financial report performance releases for the 2020 financial year. Today, JCI is expected to consolidate in the range of 6,300-6,400.
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