US stock markets closed mixed last week with Dow Jones & S&P 500 declining, while Nasdaq managed to gain ground. The financial sector came under pressure following the Fed’s decision not to extend the regulation on easing the SLR banking debt ratio. There are concerns that this will trigger the sale of Treasury bond holdings and result in an increase in yields.

Over the past week, JCI’s movement was relatively stagnant, only slightly weakening -0.03% on a weekly basis. With the lack of new sentiment this week, investors’ focus will be on the movement of several macroeconomic indicators, such as: the Rupiah exchange rate, bond yield levels, and world commodity prices. For today, JCI is expected to consolidate in the range of 6300-6400.

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