Wall Street closed slightly lower on (26/01); with Dow Jones and S&P500 correcting, while Nasdaq edged up. Fed Chair Jerome Powell said there was still ample room to raise interest rates, with markets expecting it to start in March. Meanwhile, yield on the 10-year US Treasury jumped back above the 1.8% level following Powell’s speech.

From the domestic market, the JCI managed to rebound 0.5% to the level of 6,600; led by the Health sector which rose 1.89%. The 2021 financial report release season was started by banking with BBNI, which recorded a 232% jump in net profit over the past year. Technically, the benchmark index has the opportunity to continue strengthening with a wide range of movement at 6,550 – 6,726.

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