JCI’s movement this week may potentially be influenced by various global sentiments. Other than the Ukrainian geopolitical crisis, market participants will look forward to the US inflation data release; which consensus predicts to be at 7.9% YoY. From the domestic market, Bank Indonesia is scheduled to announce Indonesia’s forex reserves position for February 2022, which was last booked at USD 141.3 billion. Meanwhile, Consumer Confidence Index (CCI) may potentially stay in the optimistic area as the Omicron variant of Covid-19 pandemic starts to be managed. CCI was recorded at 119.6 on January 2022.
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