JCI’s movement may potentially be influenced by both domestic and international data releases. Statistics Indonesia (BPS) will announce the Trade Balance data for August. As a note, the last position of Indonesia’s Trade Balance was USD2.59 billion. Globally, investors will also observe the release of US inflation data, in which the price surge is expected to be higher than 5% yoy for the third month in a row. This data will be one of the considered factors for the Federal Reserves in determining the direction for the monetary policy which will be decided in the monthly meeting next week.
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