The US markets continued to decline on 08/18, with Dow Jones and S&P 500 falling more than 1%. Investors tend to react negatively to the release of the minutes of the Federal Reserve’s monthly meeting in July. Several US central bank officials are seeing the possibility of tapering to start at the end of this year.
Domestically, JCI managed to rebound, led by the Financial sector with a gain of 1.85%. Market participants await the outcome of the Bank Indonesia Board of Governors’ Meeting (RDG), which is projected to keep the BI-7DRRR benchmark interest rate at 3.5%. For today, JCI still has the potential to continue strengthening with a range of movement in the area of 6,070 – 6,220.
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