Asian stock markets closed mixed with a tendency to strengthen in trading (05/07); while the majority of major European indexes closed in the green. As for the post-independence holiday, the US stock market will start trading this week with record high positions on Nasdaq and S&P500. Investors will await the release of the June FOMC meeting minutes scheduled for this Wednesday.
From the domestic market, the JCI closed corrected following the implementation of Emergency PPKM in the Java-Bali region. Market participants still tend to take a wait and see attitude by observing the effectiveness of this policy in reducing the rate of Covid-19 infection spread. For today, JCI is expected to continue the consolidation phase in 5,950 – 6,130.
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