The three major US markets closed simultaneously in the green on trading (24/05/2021). Investors seem increasingly optimistic as the reported number of Covid-19 cases is at its lowest level since the pandemic began. Furthermore, the market will also watch the release of US inflation data scheduled for this week.

Contrary to the majority of global stock markets, JCI continued to decline at the beginning of the week. Market players will await the announcement of the Bank Indonesia Board of Governors (RDG) Meeting result today; as well as the central bank’s views on the Indonesian economy. For today, JCI will try to rebound with the projected movement at the levels of 5,742 – 5,853.

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