US stock markets closed with a significant gain in trading (24/02/2021), which was marked by a new Dow Jones record. Nasdaq technology-based index was also able to rebound after six consecutive days of weakness. The market was again optimistic after a speech by the Head of the Fed, Jerome Powell, affirming the central bank’s accommodative support and dismissing fears of a surge in inflation.
Domestically, the JCI weakened yesterday in line with regional stock indexes, which mostly closed in the red zone. Although new sentiment tends to be minimal, market players seem quite optimistic about the foreign net buying action this week. Today, JCI is expected to move in the range 6,223-6,294.
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