After the five week-long rally, JCI may reasonably decline. Bank Indonesia is scheduled to hold the Board of Governors Meeting (RDG) at the beginning of the week, with consensus predicting the central bank to maintain BI-7DRRR benchmark interest rate at 3.5%. Low inflation rate, as well as Federal Reserve’s tapering off program which is expected to start next week, are some consideration points. Globally, investors will pay close attention to the development of energy crisis in various countries; and its impact to commodity prices.
Download full report HERE.
