Wall Street managed to rebound at closing (17/03/2021), with the return of new record highs for Dow Jones and S&P 500. The Federal Reserve reiterated that it will continue its accommodative policy by keeping interest rates low until 2023. On the other hand, the Fed also saw rapid economic growth and inflation for this year.
Domestically, sentiment from the US is expected to be a breath of fresh air for JCI to end the decline that has occurred over the past 3 days. Market players will also keep an eye on the outcome of the BI RDG meeting which is expected to maintain the benchmark interest rate at 3.5%. Today, JCI has the opportunity to strengthen with a range of movement at 6,250 – 6,350.
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