(fxcue news) - The Indonesia stock market has moved higher in consecutive trading days, gathering more than 120 points or 1.7 percent along the way. The Jakarta Composite Index now sits just beneath the 7,440-point plateau although it may run out of steam on Tuesday. The global forecast for the Asian markets is soft on weakness from the technology stocks and ahead of key U.S. inflation data later in the week. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to split the difference. The JCI finished modestly higher on Monday as gains from the financial shares an cement companies were capped by weakness from the resource stocks. For the day, the index gained 54,95 points or 0.74 percent to finish at 7,437.73 after trading between 7,380.66 and 7,440.98. Among the actives, Bank CIMB Niaga added 2,25 percent, while Bank Mandiri collected 2.41 percent, Bank Danamon Indonesia and Bank Central Asia both increased 2.73 percent, Bank Negara Indonesia gained 2.88 percent, Bank Rakyat Indonesia accelerated 1.86 percent, Bank Maybank Indonesia improved 0.92 percent, Indosat Ooredoo Hutchison sank 0.80 percent, Indocement climbed 1.09 percent, Semen Indonesia advanced 0.91 percent, Indofood Sukses Makmur soared 3.47 percent, United Tractors jumped 1.97 percent, Astra International strengthened 1.46 percent, Energi Mega Persada rallied 1.67 percent, Astra Agro Lestari fell 0.40 percent, Aneka Tambang rose 0.34 percent, Jasa Marga retreated 1.31 percent, Vale Indonesia lost 0.55 percent, Timah shed 0.43 percent and Bumi Resources spiked 2.90 percent. The lead from Wall Street is negative as the major averages opened mixed on Monday but quickly fell into the red and stayed that way for the balance of the session. The Dow dropped 240.59 points or 0.54 percent to finish at 44,401.93, while the NASDAQ slumped 123.0.8 points or 0.62 percent to end at 19,736.69 and the S&P 500 sank 37.42 points or 0.61 percent to close at 6,052.85. A slump by shares of Nvidia (NVDA) weighed on the markets, with the AI darling tumbling by 2.6 percent amid news a Chinese regulator has launched an investigation into whether the chipmaker violated antimonopoly laws. The weakness on Wall Street also came as traders looked ahead to the release of closely watched U.S. inflation data later in the week. While the Federal Reserve is widely expected to lower rates by another 25 basis points next week, there is some uncertainty about whether the central bank will continue cutting rates next year. Oil prices climbed higher on geopolitical tensions and optimism that the Chinese central bank will loosen its monetary policy to boost economic growth. West Texas Intermediate Crude oil futures for January closed up $1.17 or 1.74 percent at $68.37 a barrel. Closer to home, Indonesia will provide October data for retail sales later today; in September, sales were up 4.8 percent on year.