Wall Street continued its gains on (06/10), with all three major indexes closing in the green. Investors welcome positive developments on debt ceiling negotiations in US Senate; expected to be able to reach an agreement to avoid default. From the economic data, private payroll figures rose to 568K in September, far exceeding the consensus estimate of 450K.
Domestically, the JCI bullish trend continued with a sharp gain of 2.06%; supported by an increase in 10 out of 11 sectoral indexes. The strengthening of world commodity prices and the declining number of Covid-19 cases; become several positive factors for the Indonesian stock market. For today, JCI will try to maintain a higher movement area in the range of 6,400 – 6,500.
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