US stock markets closed last weekend in the green, led by the technology index Nasdaq, which rose 1.47%. May payrolls data reports 559,000 new jobs; or below the consensus projection of 650,000. This again dampened expectations for the Fed to reduce the purchase of debt securities.

Throughout last week, JCI was able to rise by 3.7%; the biggest weekly gain since last February. Market participants will pay close attention to various domestic data releases this week such as: Foreign Exchange Reserves, Retail Sales, and the Consumer Confidence Index (CCI). For today, JCI movement is expected to be limited in the range of 6,000 – 6,100.

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