US stock markets declined in trading (27/10); although Nasdaq was still able to close sideways. The 10-year US Treasury yield is starting to fall as a positive
catalyst for growth-oriented stocks. Meanwhile, oil prices were under pressure after the higher-than-expected inventory report.
From the domestic market, JCI was down by 0.82%, triggered by a decline in 9 of the 11 sectoral indices. The weakening of the rupiah exchange rate as well as the
decline in global commodity prices have been the pressure factors for stock market movements. Technically, today JCI has the opportunity to rebound with a projected range of movement at 6,590-6,680.
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