All three major US indexes closed in the red in trading (26/08). Ahead of the Jackson Hole symposium, two Federal Reserve officials are of the opinion that it was time to start tapering bond purchases. Meanwhile, the weekly unemployment rate was reported at 353,000 or in line with consensus estimates.
In line with the global markets, JCI declined with a foreign net sell of IDR 274 billion. Investors tend to wait and see in anticipation of monetary policy signals from The Federal Reserve’s annual meeting. JCI movement towards the end of the week is projected to be in the range of 6,030 – 6,140.
Download full report HERE.
