US stock markets closed lower again at the end of last week (15/01/2021). Along with president-elect Joe Biden’s stimulus package proposal, investors are anticipating a tax hike for companies to fund this program. In addition, the market also received unfavorable sentiment from the weak retail sales data in December.
During the last week, JCI was still able to strengthen by 1.85%, even though it closed lower on Friday. Entering the new week, investors will observe a number of sentiments, including: the release of China’s GDP data, the inauguration of the US president and the results of the Bank Indonesia Board of Governors (RDG) Meeting. Today JCI is expected to move in the range of 6,342 – 6,472.
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