US stock markets closed mixed in trading earlier in the week (18/10); with the strengthening of S&P 500 and Nasdaq. Investors expect that the positive trend of financial performance will continue this week. This sentiment was able to dampen the rise in US Treasury yields, which returned to the 1.6% range.
Domestically, JCI’s increase by 0.38% yesterday brought it closer to the all-time high level. Market participants will pay close attention to the results of the Bank Indonesia Board of Governors’ Meeting (RDG) this week, which is projected to hold the benchmark interest rate at 3.5%. Technically, the JCI still has a limited opportunity to strengthen with a projected range of movement at 6,600 – 6,750.
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