The major US markets managed to rebound significantly on (05/03/2021). Market participants have weighed in on the USD 1.9 trillion stimulus package approved by the US Senate last weekend. On the other hand, the 10-year Treasury yield broke above 1.5% after the release of the payroll data.

JCI was able to post a slight gain of 0.27% over the past week, although the majority of the increase only occurred at the beginning of the week. Investors will still focus on the impact of the US stimulus package, movement in bond yields, and the downward trend in the USD/IDR exchange rate. Today, JCI is expected to move in the range of 6,245-6,394.

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