Daily Report | Look Forward to the Domestic Economic Data Release

JCI today will try to rebound from the deep decline on Monday (31/08/2020) with the expectation from the release of the August 2020 inflation and PMI data. Today’s release of economic data will provide a clearer picture for the projection of economic growth in Q3/2020 which is forecasted to still be in the negative.

Daily Report | JCI Tries to Stay at the 5300 Level

JCI managed to strengthen by 1.4% over the past week even though it closed lower on Friday (28/08/20). This week, the JCI movement will tend to weaken as investors focus on the release of domestic economic data as well as the resurgence of Covid-19 cases in several countries.

Daily Report | The Fed’s New Inflation Strategy

The sentiment from the Fed new inflation strategy will be a catalyst of JCI’s movement. However, investors should be cautious to potential profit taking action at the end of the week after market has rallied for 4 consecutive days.

Daily Report | US Tech Stocks Rally Continues

The direction of JCI movement today tends to go down after an increase since the beginning of the week. The realization of the National Economic Recovery (PEN) program has been one of the drivers of market optimism that has occurred recently.

Daily Report | Affirmation of the US-China Trade Agreement Commitment

JCI movement today is expected to be more limited after experiencing a significant rally in yesterday’s trade. Economic growth in the third quarter of 2020, which is predicted to remain negative, and foreign funds that are still outflows, will be the sentiment to hold back the JCI rate.

Daily Report | Vaccine Development Sentiment

JCI today has the opportunity to continue yesterday’s slight strengthening in line with the increases experienced by almost all global exchanges. The JCI has also received positive wind from the Covid-19 vaccine distribution agreement that has been signed with the Chinese side.