Wall Street closed the weekend in the red, with all three major indexes weakening. Amazon shares tumbled 7.5%; after the e-commerce giant projected a decline in revenue as online shopping began to fall. Meanwhile, the US has once again reported above 100 thousand Covid-19 cases; for the first time since last February.
During the last week of July, JCI weakened by 0.52 percent with foreign net sales reaching more than IDR 1 trillion. Market participants will pay close attention to the decision to extend the PPKM level 4 as well as the release of monthly economic data such as inflation rate and Manufacturing PMI. Technically, the benchmark index is projected to still move in the consolidation range of 6.000-6,160.
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