Wall Street closed higher last weekend (04/02); marked by Nasdaq which rose 0.52%. The release of labor data noted that 467 thousand new jobs were created last month; far above the estimated 150 thousand. The yield on the 10-year US Treasury jumped again past the 1.9% level amid expectations of more aggressive monetary policy from the Federal Reserve.
JCI managed to record the highest closing at the end of last week, with a 0.71% strengthening to the level of 6,741. Investors will pay close attention to the release of Indonesia’s GDP data for the fourth quarter of 2021, which by consensus is estimated to reach 4.81% yoy or 3.7% for the 2021 calendar year. Technically, the benchmark index has the opportunity to test new highs with a projected range of movement in 6700-6800.
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