US stock market managed to rebound at the beginning of the week (06/12); led by Dow Jones with a gain of 1.87%. Easing concerns about the impact of the Omicron variant of Covid-19 has raised investor optimism. On the other hand, the yield on the 10-year US Treasury rose again to above 1.4%; after a slump last week.
From the domestic market, JCI was slightly up by 0.13%, supported by an increase in the energy sector of 0.94%. Bank Indonesia is scheduled to release the position of Indonesia’s Foreign Exchange Reserves for November 2021; after being recorded at USD 145.5 billion in the previous month. Technically, JCI has the potential to move higher in the range of 6,500-6,600.
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