Last week, global stock moved at modest pace. US stock faltered as profit taking in technology based shares signified excellent performance since the early of 2017.
US job data and non-farm payroll report to be issued on Friday, 07/07/17, will be catalyst for global stock movement. These data are indicators for the Fed’ policy direction.
- US Job Data
- Continuous Rise in China Manufacture Data
Indonesia Market Highlights
JCI rally in the last 2 weeks, prior to long holiday of Eid Mubarak. Almost all sectors rallied as window dressing occurred in the end of semester I.
For this week, JCI movement is estimated to rally. The manageable inflation in June will maintain less tight policy of Bank Indonesia.
- Inflation of 4.37% in June
- Improving Bank Profit in 2Q
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