Wall Street ended last week (18/02) with a decline; thus, the three major indexes contracted during the last 2 weeks. Investors weighed the impact of economic sanctions that could be imposed if Russia launched an invasion of Ukraine. The lower risk assets are seen to be hunted again, marked by the 10-year US bond yield which fell to 1.92% level.
JCI set a new closing record with a 0.84% gain to 6,892 last Friday. Amid the lack of new sentiment, market investors will still be watching the continuation of the geopolitical conflict in Ukraine, the development of the domestic Covid-19 pandemic, as well as the release of issuers’ performance for the 2021 period. Starting the new week, the benchmark index will try to maintain upward momentum with a projected movement in the range of 6,850-6,950.
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