Nasdaq and S&P500 closed with another all-time high records on November 18th. The release of financial performance from retail and technology sector companies was still able to be a positive catalyst that supported the movement of the stock exchange. On the other hand, weekly jobless claims data was reported at 268K; slightly above the estimate of 260 thousand.
Domestically, JCI continued its decline with a correction of 0.59% yesterday; exacerbated by declines in 7 of the 11 sectoral indices. Statistics Indonesia (BPS) is scheduled to release data on the current account balance for the third quarter of 2021; which has the potential to turn into a surplus. Technically, JCI’s movement has the opportunity to continue declining in the range of 6,580-6,680.
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