The major markets in the US closed lower each by more than 1% at trading closing (06/10/2020). Although they rallied throughout the session, the markets reversed course ahead of closing after President Donald Trump decided to postpone negotiations on a fiscal stimulus package between the Government and the Congress until after the election.

The delay in US stimulus is expected to have adverse effect for the stock markets, including in Indonesia. Meanwhile, investors will be waiting for the release of forex reserves data, as well as the development of demonstrations after the ratification of the omnibus law in several regions. After closing slightly under the psychological level of 5000 yesterday, the movement of JCI today has the opportunity to decline.

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