Headquarters of Federal Reserves - Photo by the Central Bank Office

JAKARTA (TheInsiderStories) – Good Morning! The policymakers fused in Federal Market Open Committee announces their monetary stance today. Last month, the Federal Reserves left the target range for its federal funds’ rate unchanged at 1.5-1.75 percent and sent a signaled no plans a cut in 2020.

Some analysts viewed, the policymaker will hold the benchmark rate. Before the announcement the monetary policy, United States (US) will announces  the goods trade balance.

The economists expect the trade balance to have widened in December to US$68.75 billion. In addition, the national association of realtors issues its numbers on December pending home sales.

Then, the Energy Information Administration will reports the weekly oil inventory. Oil stockpiles are expected to have dropped by 482,000 last week, although the American Petroleum Institute reported a surprise draw of 4.3 million today in its measure.

From China, the death rate due to the coronavirus outbreak in China rose to 132. According to the Chinese national health commission, the total number of confirmed cases throughout the country has reached almost 6,000. 

In Australia, the consumer price index rose 0.7 percent in December driven by gains in cigarettes, domestic holidays, travel, fuel and fruit prices. A key measure of core inflation was stuck at an even slower 1.6 percent, marking four straight years below target.

In Indonesia, Investment Coordinating Board will release the investment realization during 2019. In the third quarter of 2019, the agency reported that the realization investment worth of Rp601.3 trillion (US$28.26 billion), up 18.4 percent compared to 9M of 2018 of Rp535.4 trillion.

While, coordinating minister for maritime and investment minister has scheduled to lead the Moto GP Mandalika, met CEO of PT Bukit Asam Tbk (IDX: PTBA), Arviyan Arifin, and receive Australian ambassador, Gary Quinlan at his office. And, coordinating minister for economic affairs will lead a coordination meeting on labor bill.

At the same day, finance minister Sri Mulyani Indrawati, will delivers her speech at Belt and Road Initiative seminar in Jakarta. State own enterprises minister Erick Thohir is scheduled fly to Japan to meet Softbank Corp., founder Masayoshi Son and Toni Blair to discuss the new capital project. He also has agenda to meet Japan Bank for International Cooperation to talks about housing project in Indonesia.

From the stock market, PT Putra Rajawali Kencana Tbk (IDX: PURA) will officially take the floor on the Indonesia Stock Exchange starting today. In the initial public offering, transportation firm released 1.8 billion shares or equivalent to 33.95 percent of enlarged and paid up capital to raises Rp189 billion. Other issuer, PT Multi Bintang Indonesia Tbk (IDX: MLBI) held an extraordinary general meeting.

On Tuesday, Indonesian Rupiah edged down 0.21 percent to 13,644 versus US Dollar and the Jakarta Composite Index (JCI) dropped 0.36 percent to 6,111.18 from the previous day. The analyst said, the market is worried that the spread of the coronavirus will weaken China’ economic activities.

One economist rated, China’ GDP could drop by 4.5 percent over the epidemic case, indicating that the Chinese economy is experiencing serious problems after phase 1 trade deal with US. Overall. financial markets around the world stabilized after the head of the World Health Organization (WHO) said he was confident in China’ ability to stem an outbreak of the virus in the country.

Today, the observer sees the local currency and the stock index still in the negative territory. Rupiah is estimating move in the range 13,578 to 13,711 over the American Dollar and the JCI 6,100 – 6,200.

Shares that are quite attractive are PTBA, MLBI, PURA, PT London Sumatra Plantation Tbk (IDX: LSIP), PT Astra Agro Lestari Tbk (IDX: AALI), PT Salim Ivomas Pratama Tbk (IDX: SIMP), PT HM Sampoerna Tbk (IDX: HMSP), PT Bank Tabungan Negara Tbk (IDX: BBTN), PT Perusahaan Gas Negara Tbk (IDX: PGAS), PT Adaro Indonesia Tbk (IDX: ADRO), PT Antam Tbk  (IDX: ANTM), and PT Vale Indonesia Tbk (IDX: INCO).

-Investing contributed to this story

May you have a profitable day!

Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia