US stock markets closed mixed on (16/02); with the S&P 500 slightly higher, while Dow Jones and Nasdaq fell. The release of the Federal Reserve’s meeting minutes gave no indication of plans for a more aggressive interest rate hike than expected. Meanwhile, US retail sales data rose 3.8% in January, exceeding consensus expectations of 2.1%.
Domestically, the JCI managed to record a new closing high with an increase of 0.63% to 6,850 yesterday. The cyclical consumer sector led with a gain of 3.51%; while foreign investors recorded another net buy of IDR 968 billion. For today, the benchmark index still has a chance to strengthen, limited to a higher range in the area of 6.800 – 6.900.
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