The market in the US closed on a decline at the end of trading last week, causing the slump to continue for 3 consecutive weeks. The market is still waiting for the development of a fiscal stimulus package which is expected to support the economy. In addition, the spike in Covid-19 cases in the European region has also returned to cause some countries to tighten their restrictions again.

Domestically, investors are still monitoring the high number of new Covid-19 cases entering the second week of the reintroduction of the PSBB in Jakarta. After successfully strengthening last week, the JCI this week is expected to consolidate with a tendency to weaken.

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