Global stock markets tended to strengthen at the beginning of the week (06/09), marked by an increase in the MSCI All-Country World index by 0.3%. Investors seem to respond to the possibility of survival of the low interest rates era in the US. Meanwhile, the price of aluminium reached its highest price in 10 years, following supply concerns after the coup in Guinea.
Domestically, the JCI started the week sideways ahead of PPKM extension until September 13, 2021. Bank Indonesia will release the position of Foreign Exchange Reserves for the August period which has the opportunity to increase to USD 139 billion. The JCI’s movement today may potentially strengthen with a projected range of 6,100 – 6,169.
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