Wall Street closed slightly lower in trading (28/04), after the announcement of the Fed meeting result. In line with market expectations, the US Central Bank maintained its interest rates and continued its accommodative monetary policy. Meanwhile, Fed also notes that economic growth is improving, even though the inflation rate is still below the target.
In line with the Asian markets, JCI was successfully closed in the green zone after weakening for the previous 2 days. Investors still tend to wait and see amid the lack of new sentiment, while waiting for the release of Indonesia’s GDP in the first quarter of 2021. JCI movement today is estimated to remain flat in the range of 5,900 – 6,000.
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