US stock markets closed higher at the end of last week (12/02/2021), with the major markets recording new highs. The unsatisfactory release of economic data is considered to provide momentum for the approval of the stimulus package. Investors also seem optimistic about the acceleration of the distribution of the Covid-19 vaccine.
In line with global market movements, JCI also managed to gain 1.15% over the past week. Investors will pay close attention to the release of trade balance data as well as the results of the Bank Indonesia Board of Governors (RDG) Meeting, particularly on the BI-7DRRR interest rate this week. JCI movement today is estimated at the range of 6,150-6,287.
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