US stock markets tend to weaken at the beginning of the week (07/02); with S&P 500 and Nasdaq down, while Dow Jones closed stagnant. Tech stocks were the burden, led by Facebook parent Meta Platforms, which fell more than 4%. Investors are once again anticipating inflation data that remains high, following the release of data showing an increase in the wage rate last month.
JCI posted another new all-time high at 6,804, along with data on Indonesia’s economic growth which was higher than expected. The release of data on foreign exchange reserves and the implementation of PPKM level 3 status in the Jabodetabek area are some of the sentiments that can be observed today. Technically, the benchmark index has a chance to strengthen again to a higher range in the area of 6.750-6.900.
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