US stock markets ended in the red last week; marked by a decline in the main indexes. Market participants reacted negatively to the statement by a Fed official who projected a rate hike next year. The market also saw the signal that tapering will slowly start.

Over the past week, JCI declined by 1.45%; following a sharp decline on Friday (18/06). Investors are still overshadowed by the increase in Covid-19 cases; which is feared will force the government to impose stricter restrictive policies. At the beginning of this week, JCI is expected to move in the range of 5,994 – 6,114.

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