Pressure to sell continued to hit Wall Street on (04/03/2021), marked by continued declining in the three major markets. The latest speech from the head of the Fed Jerome Powell was unable to assuage market participants’ concerns about rising treasury yields. Meanwhile, the weekly jobless rate also increased.
Domestically, the correction experienced by the JCI yesterday was in line with the weakening experienced by the majority of global exchanges. The figure for Indonesia’s foreign exchange reserves in February is also projected to decline. The JCI movement today is estimated to be in the range of 6,270 – 6,394.
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