Wall Street closed (26/03/2021) with a significant rebound, after being volatile throughout the week. Investors weighed the prospects for rapid US economic growth this year and concerns about rising Treasury yields. This week, market players will pay close attention to the release of employment data for March 2021 and the development of the paralyzed shipping lane on the Suez Canal.
Throughout last week, the lack of positive catalysts triggered the JCI to decline by 2.53% even though it was able to close higher on Friday. With only 4 trading days this week, investors will focus on the release of economic data at the beginning of the month such as Inflation rate and Manufacturing PMI. Today, JCI is projected to fluctuate in the range of 6,167 – 6,279.
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