Wall Street closed last weekend (06/08) mixed; with the Dow Jones and S&P500 rising, while Nasdaq declined. The release of July’s non-farm payrolls data rose to 943K, exceeding the consensus forecast of 870K. This shows that the US economy is still in growth momentum with the unemployment rate dropping to 5.4%.
Throughout last week, JCI was able to strengthen by 2.2%; supported by the accumulation of foreign net buys worth IDR 1.2 trillion. Investors will pay close attention to the PPKM policy decision, which is scheduled to end today, as well as the continuation of the performance release season for the second quarter of 2021. The JCI will try to maintain its position at the level of 6,200, with a projected range of movement at 6,180-6,263.
Download full report HERE.
