JCI’s movement this week may potentially be influenced by various global and domestic sentiments. Bank Indonesia will release Foreign Exchange Reserve and Consumer Confidence Index for November 2021. Indonesia’s forex reserve was booked at USD 145.5 billion in October 2021, after reaching its highest point on the previous month. Meanwhile, CCI may potentially decline from its previous position at 113.4; due to concerns about the impact of the new Covid-19 variant as well as the tightening of PPKM ahead of the Christmas and New Year period. From a global perspective, the market will continue to monitor developments around the Omicron variant and the potential acceleration of tapering-off schedule by the Federal Reserve.

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