JAKARTA (TheInsiderStories) – Good Morning! The European Parliament gave its final approval the United Kingdom (UK) Brexit deal to take place on Friday. The withdrawal agreement was approved by the European Parliament on Wednesday evening by 621 votes in favor, 49 against and 13 abstentions.
Commenting on the historic importance of the vote, most speakers on behalf of the political groups highlighted that the UK’ withdrawal will not be the end of the road for the European Union (EU) – UK relationship and that the ties that bind the peoples of Europe are strong and will remain in place.
Still from UK, the Bank of England appears close to cutting interest rates for the first time in more than three years in today’ meeting, A day before Britain leaves the block. Some analysts sees the Bank would cut the interest Rate to 0.5 percent from 0.75 percent.
From United States (US), the Federal Reserve (the Fed) left interest rates unchanged and signaled that it would continue with its repo funding through the second quarter of 2020, said the chairman Jerome Powell yesterday. He also said that the central bank its closely monitoring the severity of the deadly coronavirus and the potential for the illness to disrupt the global economy.
He expressed some concern about the Asian influenza, which has drawn comparisons to 2002 – 2003 outbreak of SARS, and has claimed more than 130 lives and infected more than 6,000 people worldwide in a little over a week
Today, US commerce department will announces the first numbers of fourth-quarter gross domestic product. The economists viewed annual rate of GDP will landed at 2.1 percent. At the same day, there will be the weekly initial jobless claims numbers.
In Indonesia, finance minister Sri Mulyani Indrawati has scheduled hearing with parliament to update the 2019 State Budget and the 2020′ outlook. While, World Bank the expanding middle class in Indonesia with keynote speaker Indrawati.
On the coronavirus, Lion Air and Batik Air are officially stopped its international flight services from five cities in Indonesia to seven cities in China. The flight carrier announced, the operational flights that are still running in China are aimed at returning guests or passengers. The temporary suspension decision is part of an anticipatory step based on a travel ban notification from Wuhan authorities.
On Wednesday, Indonesian Rupiah closed up 0.07 percent to 13,634 a US Dollar and the Jakarta Composite Index (JCI) rebounded to 6.113 or edged up 0.03 percent compared to yesterday. The observers rated the strengthened of two major instruments because of concerns about the spread of the corona virus began to subside.
For today, the results meeting of the Fed its expecting will affect the movement of the local currency and the stock index. They predicts the Rupiah will move stably with a range of 13,580 – 13,675 versus American Dollar and the JCI 6,065.51 to 6,190.52.
The shares that can be considered are PT Jasa Marga Tbk (IDX: JSMR), PT Kalbe Farma Tbk (IDX: KAEF), PT PP London Sumatera Indonesia Tbk (IDX: RALS), PT Rayamana Lestari Sentosa Tbk (IDX: RALS), PT Astra International Tbk (IDX: ASII), PT HM Sampoerna Tbk (IDX: HMSP), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Bank Central Asia Tbk (IDX: BBCA), PT Telkom Indonesia Tbk (IDX: TLKM), PT Bank Tabungan Negara Tbk (IDX: BBTN), PT Adaro Indonesia Tbk (IDX: ADRO), and PT Adhi Karya Tbk (IDX: ADHI).
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia