The three major indices in the US continued to strengthen until the closing on Wednesday (07/15/2020), as the optimism of the development of the Covid-19 vaccine was still high. In addition, the release of financial statements from large financial institutions such as JP Morgan and Goldman Sachs also managed to exceed estimates.

Domestically, the JCI movement tends to be flat in responding to yesterday’s Trade Balance data which recorded a surplus. Meanwhile, the market also estimates that Bank Indonesia will maintain the 7-DRRR benchmark interest rate which will be announced this afternoon.

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