US stock markets managed to rebound at the close of trading (25/03/2021), even though they were in the red throughout the session. Investors were seen again hunting for stocks related to economic recovery, such as banking and airlines. Positive news came from the release of weekly jobless claims data, which was at its lowest position in the past year.
Pressure on JCI continued, in line with concerns about a lockdown in Europe and the lack of positive domestic catalysts. Market participants will observe fluctuations in the Rupiah exchange rate and commodity prices as the driving factors today. Technically, JCI still has the chance to rebound towards the end of the week with a projected movement in the range of 6,059 – 6,250.
Download full report HERE.
