US stock markets closed the weekend with new record highs on all three major indexes. Dow Jones broke the 35,000 level for the first time; along with the strengthening of the Dollar Index and 10-year US Treasury yields. Investors will await developments in monetary policy from the results of the Federal Reserve’s meeting this week.

JCI was still able to continue strengthening with an increase of 0.48% throughout last week; supported by foreign net buys of IDR 1.1 trillion. The government decided to continue PPKM level 4 policy until August 2, 2021; although accompanied by easing in a number of small business sectors. Entering the new week, JCI has the opportunity to strengthen with a range of movement of 6,000 – 6,226.

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