Indonesia recorded highest daily jump in COVID-19 new cases to 8,300 people on Thursday - Photo: Special

JAKARTA (TheInsiderStories) – Good Morning! Indonesia recorded highest daily jump in COVID-19 new cases to 8,300 people and has been died 156 peoples, the task force reported on Thursday. In total, positive cases in the country recorded 557,877 and death toll 17,355.

Still from Indonesia, trade ministry has agenda to launches an export from Lamongan, East Java and will witnesses by President Joko Widodo. While, senior minister for maritime and investemtnt affairs, Luhut B. Pandjaitan has met with the advisor to the Prime Minister of Japan, Izumi Hiroto to gain support for the establishment of the Indonesian Sovereign Wealth Fund.

Hiroto who was accompanied by the Governor of the Japan Bank of International Cooperation (JBIC), Maeda Tadashi, and the Japanese Ambassador to Indonesia Kanasugi Kenji, stated that the Japanese Government through JBIC promised to participate in SWF Indonesia.

From United States (US), President-elect Joe Biden and chairperson from Democrat party, Nancy Pelosi, back the bipartisan US$908 billion coronavirus aid plan. The country had its deadliest day since the start of the pandemic, with over 2,700 recorded fatalities.

Over the last two days alone, the death toll recorded 5,000 and the number of people in hospital also hit a new record high, topping 100,000 for the first time. While, on Friday, the country to releases jobless claims data.

From Europe, The European Union and Britain continued their negotiation to secure a Brexit deal, with diverging views on how far off the sides were from a deal. In addition, business surveys for November showed continuing strong growth in China, and a slightly less dramatic dip in the Eurozone economy than feared.

The Eurozone Purchasing Managers Index was revised up to 45.3 from an initially reported 45.1. That was still down sharply from 50 in October and puts the euro zone firmly back in contraction territory.

In the commodity side, the Organization of Petroleum Exporting Countries has met its allies to decide on its output policy for the next couple of months. Reports said, Russia has proposed increasing output by 500,000 barrels a day (bpd) in monthly increments through the first quarter from currently 7.68 million bpd of output.

On Thursday, Indonesian Rupiah closed down 0.11 percent to 14,140 per US dollar and the Jakarta Composite Index (JCI) strengthened 0.15 percent to 5,822.94 compared to the previous day. Analysts said that one of the factors that influenced the movement of the two was market optimism about the fiscal stimulus package from the US.

From the country, the government’ optimism for the economy to grow 4.8 – 5.8 percent in 2021 is the driving force for the strengthening of both. Likewise, the global economy is also expected to grow positively by up to 5 percent in 2021, after contracting 3.8 percent this year.

This signal of recovery can be seen from the economic recovery in many countries, including the US, supported by fiscal and monetary stimuli as well as increasing human mobility and economic activity due to the discovery of the vaccine.

With this information, they rated that Rupiah move in the range of 14,110 – 14,180 and the JCI between 5,750 – 5,850. Stocks that can be watched today are PT Bank Central Asia Tbk (IDX: BBCA), PT Indosat Ooreedo Tbk (IDX: ISAT), PT XL Axiata Tbk (IDX: EXCL), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT Sri Rejeki Isman Tbk (IDX: SRIL), PT Astra Agro Lestari Tbk (IDX: AALI), PT London Sumatra Indonesia Tbk (IDX: LSIP), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), and PT Semen Indonesia Tbk (IDX: SMGR).

May you have a profitable Day!

Written by Linda Silaen, Please Read Our News to Get More information about Indonesia