Entering the 4th week of August, JCI may potentially be influenced by several important decisions. Domestically, investors will await the continuation of Level 2-4 PPPKM policy in the Java-Bali region. With the number of new cases on a downward trend, the government may decide to relax the policy, or lowering the PPKM level; and potentially being a positive catalyst for JCI. Internationally, global investors will pay close attention to the Jackson Hole economic symposium, where Federal Reserve officials will announce the direction of their monetary policy. Investors will observe the signs for plans of when the central bank will start its tapering program.
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