The main US indexes rose again in unison during trading (07/07), with new record highs on Nasdaq and S&P500. The continued decline in the benchmark 10-year US Treasury yield has pushed up technology sector stocks. The release of the Fed’s June meeting minutes has not yet given an indication of when tapering will start.

Domestically, yesterday’s slight decline in JCI occurred amid foreign net sells of IDR 188 billion. Bank Indonesia is scheduled to release the Consumer Confidence Index (IKK) for June, in which investors will pay close attention to the impact of Emergency PPKM implementation on the survey results. Technically, JCI has the potential for a limited rebound in the range of 5,950 – 6,130.

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