JAKARTA (TheInsiderStories) – Good Morning! We only care about United States (US) presidential election these day. We may know the winner imminently or it could go to court.
On Tuesday, the Dow climbed on hopes that a victory for Joe Biden will ensure a more generous stimulus package is rolled out to inject power into the economic recovery. As American voters hit the polls, Biden holds a lead over Donald Trump across key swing states, according to some poll.
After the election, investors are waiting for the Federal Reserve‘ monetary policy on Thursday. In addition, the state department has officially approved the sale of four MQ-9 Reaper drones to Taiwan. This was done amid the increasing Chinese ‘threat’ to the island. Taiwan has been considered by China as part of its territory.
From domestic side, although there are rejection of the Omnibus Law for Job Creation, President Joko Widodo signed the bill. The regulation, which unites the revisions of a number of laws is claimed to attract investment into Indonesia and it will open up jobs. Beside, investors Investors are also waiting for the issuer’ financial reports until the third quarter of 2020.
On Tuesday, the government is holding another auction of state bond worth of Rp29.5 trillion (US$2.02 billion), higher than the indicative target of Rp20 trillion. Today, the ministry of finance launches the issuance of Green SUKUK Retail with series ST007.
Yesterday, Indonesian Rupiah strengthened 0.38 percent to 14,570 per US Dollar and the Jakarta Composite Index (JCI) rose 0.87 percent to 5,159.45 compared to prior day. Today, the local currency its expecting move in the range 14,555 – 14,590 over the Greenback and the stock index between 5,139 and 5,181.
Stocks that can be watched today are PT Astra International Tbk (IDX: ASII), PT Bank Central Asia Tbk (IDX: BBCA), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Telkom Indonesia Tbk (IDX: TLKM), PT Jasa Marga Tbk (IDX: JSMR), PT Aneka Tambang Tbk (IDX: ANTM), PT Vale Indonesia Tbk (IDX: INCO), PT Astra Agro Lestari Tbk (IDX: AALI), and PT Indofood Sukses Makmur Tbk (IDX: INDF).
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia