JAKARTA (TheInsiderStories) – Good Morning! Investors are waiting the positive economic data as a result of the lockdown easing in several states in the United States (US). While, Federal Reserves’ governor, Jerome Powell, stressed the importance of suppressing the spread of the COVID-19 amid the ongoing economic recovery.
Although the death toll has reached 500,000 people and has infected more than 10 million, the World Health Organization has warned that the worst possibility of this pandemic will still occur. The developments surrounding the second wave of the pandemic will also continue to be monitored, especially after the head, Tedros Adhanom Ghebreyesu warned, that “the worst is yet to come”.
Still from US, secretary of commerce, Wilbur Ross said, the regulation of special treatment for China and Hong Kong would be suspended. This is due to China’ security policy to Hong Kong which is considered to threaten US technology.
In Asia, Iran’ attorney general, Ali Alqasimehr said, US President Donald Trump and 30 others believed were killed a top Iranian general in Baghdad last January. They face “accusations of murder and terrorism”, reported by Aljazeera.
Today, investors are currently awaiting the release of China‘ official manufacturing PMI for June which is scheduled to be released. While, Japanese industrial production in May fell 8.4 percent month-on-month, said a preliminary report by the Japanese ministry of economy, trade and industry.
No important agenda today in Indonesia. But investors are now waiting for President Joko Widodo’ breakthrough in his cabinet following his anger to the ministers last week.
Yesterday, Indonesian Rupiah dropped 0.14 percent to 14,170 over the Greenback and the Jakarta Composite Index down 0.05 percent to 4,901.82 compared to last week. Today, the stock index is estimated to move in the range of 4,879 – 5,000 and the local currency between 14,150 – 14,300 versus the US Dollar.
The stocks that can be watched today are P Aneka Tambang Tbk (IDX: ANTM), PT Gudang Garam Tbk (IDX: GGRM), PT AKR Corporindo Tbk (IDX: AKRA), PT HM Sampoerna Tbk (IDX: HMSP), PT Bukit Asam Tbk (IDX: PTBA), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Bank Rakyat Indonesia Tbk (IDX: BBRI) and PT Unilever Indonesia Tbk (IDX: UNVR).
May you have a profitable Day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia