Starting the week after the Memorial Day holiday, the US stock market closed sideways in trading (01/06). The US Manufacturing PMI Index continues increasing to 61.2 levels in May; after being recorded at 60.2 in the previous month. Meanwhile, oil prices rose again after OPEC projected an increase in demand.
From the domestic market, although it weakened 0.8% throughout May; JCI was able to reverse rally in the last week. Entering June, investors will again be paying attention to the release of economic data such as the inflation rate and the Manufacturing PMI. Today’s JCI movement has the opportunity to continue rally in the range of 5,900 – 5,975.
Download full report HERE.