Wall Street closed sideways in trading (15/11); amid the lack of new catalysts. The technology sector declined as the yield on the 10-year US Treasury rose again to penetrate the 1.6% level. Investors are still waiting for the release of retail sales data to get a clearer picture of the impact of high inflation.
Domestically, JCI started the week by continuing its correction of 0.53%; along with foreign investors who recorded a net sell of IDR 678 billion. The energy sector experienced the deepest decline of 2.04%; amid weakening global commodity prices. For today, the benchmark index has the chance for a technical rebound with the projected movement at 6610-6,710.
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