Entering the second week of November, JCI may potentially move sideways after the decline at the beginning of the month. Bank Indonesia will release the Consumer Confidence Index (CCI) data for October 2021; after reaching 95.5 last month. Sentiment from the easing of PPKM will be a positive catalyst expected to return consumer confidence to the optimistic level (>100). Meanwhile, investors will also pay close attention to the Rupiah against USD exchange rate; which is on a downtrend, approaching IDR14,400/USD.
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