JCI’s movement this week may be influenced by the release of economic data at the beginning of the month. BI projects the inflation rate in May 2021 to reach 0.33% MoM; so yearly inflation is estimated to be 1.69%. Investors will also expect the positive trend from Manufacturing PMI to continue next month after recording a new high at 54.6. Globally, market participants will inspect the release of US jobless claims rate which is predicted to fall to 5.9% from 6.1%.
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