Wall Street ended last week (14/01) mixed; with S&P 500 and Nasdaq higher, while Dow Jones lost 0.56%. The start of the fourth quarter of 2021 performance data release season was preceded by several large banks with less than encouraging results. Meanwhile, retail sales data was also reported to have fallen by 1.9% in December.
JCI managed to gain 0.53% to 6,693 last Friday; although it was slightly depressed throughout the week. Market participants will pay close attention to the release of Indonesia’s Trade Balance data for the December 2021 period, as well as China’s GDP growth scheduled for today. Technically, the benchmark index has the opportunity to continue strengthening with the projected range of movement in the 6,650-6,750 area.
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