Pemulihan ekonomi Amerika Serikat (AS) akan mendominasi pertemuan Federal Reserves yang akan menjadi panduan dari para investor minggu ini - Photo by Federal Reserves Office

JAKARTA (TheInsiderStories) – Good Morning! Federal Open Market Committee (FOMC) to announce the latest monetary policy today. IHS Markit expects the policymakers are likely hold the Federal Reserves Fund Rate to privide more clarity on their plans for securities purchases.

Those benchmarks are likely to include references to reaching approximately full employment and achieving 2 percent inflation on a sustained basis. At two-days and other upcoming meetings, the FOMC will continue discussions on other topics, including whether and when to adopt flexible average inflation targeting, including adopting a policy to promote a temporary overshoot of the inflation objective.

In Asia, Indonesian transportation ministry announced to resume the domestic flights for all passengers with a maximum 70 percent capacity and follow strict rules brought into force. At the same day, the country also announced its biggest daily rise in cases of the COVID-19 with 33,076 positive cases and 1,923 deaths. On Tuesday itself it announced there are 1,043 new cases, the highest daily increase so far.

Thai also began to open the traveling to other parts of the country, including inter-provincial travel restrictions, as the kingdom gradually eases its partial lockdown measures. The Southeast Asian (ASEAN) member is set to open to international tourists from July

Other ASEAN member, Philippines plans to spend PHP1.3 billion (US$26.02 million) to build more structures on a disputed island in the South China Sea. The country has completed a beaching ramp on Thitu Island and now a runway will be repaired.

Beside FOMC meeting, no important agenda around the globe. But the investors eye stick on the development of United States (US) moves in the various countries, especially in China mainland.

In the country, three state PT Aneka Tambang Tbk (IDX: ANTM), PT Bukit Asam Tbk (IDX: PTBA), PT Timah Tbk (IDX: TINS) will hold a shareholders meeting today. While, President Joko Widodo has schedule to visit task for handling COVID-19 and inaugurates new ambassadors for various countries.

On Tuesday, Indonesian Rupiah slightly up 0.04 percent to 13,890 per US Dollar and the Jakarta Composite Index dropped 0.70 percent to 5,035.05 compared on previous day. Today, some analysts consider both instruments continue to weaken and will be faced with two sentiments.

Positive sentiment came from market the gradual reopening of various business sectors and the negative sentiment that might emerge is a concern about the results of financial statement of the issuers in the second quarter of 2020. With the various data, the JCI its expecting move in the range 4,950 – 5,112 and Rupiah between 13,750 to 13.900.

Stocks to be watch for today are PT Astra Agro Lestari Tbk (IDX: AALI), PT Bank Permata Tbk (IDX: BNLI), PT Unilever Indonesia Tbk (IDX: UNVR), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Kimia Farma Tbk (IDX: KAEF), ANTM, PTBA, TINS, and PT Indofood Sukses Makmur Tbk (INDF).

US$1: PHP49.96

May you have a profitable Day!

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