Wall Street closed mixed in trading (07/06); marked by the weakening of Dow Jones and S&P 500. Investors tend to be cautious in anticipating the US inflation data which will be announced this week. Meanwhile, G7 countries agreed on a minimum corporate tax rate of 15% last week.
From the domestic market, the rally in JCI’s strengthening seems to be limited in line with the increasing potential for profit-taking. Market participants will pay close attention to the release of the May Foreign Exchange Reserves data which is expected to increase. JCI’s movement today is still likely to continue consolidation in the range of 6,000 – 6,100.
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