Nasdaq closed last weekend (03/09) with a new record high, while Dow Jones and S&P 500 fell. Non-farm payroll data for August only increased by 235 thousand or far below the previous estimate of 750 thousand. This has the potential to hold the Federal Reserve from starting tapering for a while.
Over the past week, the JCI managed to strengthen by 1.42% with foreign net buys of up to IDR 1.27 trillion. Investors will pay close attention to the government’s decision on the continuation of the PPKM policy and the development of new variants of Covid-19. Technically, the JCI is expected to move in the 6.080-6.169 range.
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