JAKARTA (TheInsiderStories) – Good Morning! United States (US) President-elect Joe Bidden prepared US$1.9 trillion relief plan in his first economic policy to pump money into the economy and contain the COVID-19 pandemic. The plan would rival the $2 trillion March 2020 Cares Act in size and scope and follow a $900 billion December relief package by Donald Trump’ administration.
While, the impeachment of Trump will go to the Senate after Jan. 20 followed the House approved a formal indictment of outgoing of him for the second time. In Asia, Bank of Japan’ governor, Haruhiko Kuroda, has an agenda to give a speech today.
In Indonesia, statistic bureau has an agenda to release the latest trade balance data in December. In the previous month, the country posted a trade surplus $2.62 billion in November 2020 but lowered compared to previous month $3.61 billion due to the declining of some commodity prices, said the chairman today.
The Southeast Asian largest economy reported total export values worth of $15.28 billion and the import value was $12.66 billion. While, the government together with the parliament agreed that 33 bills were included in the priority prolegnas in 2021 out of a total of 36 proposed bills.
Proposals for new bills to be discussed include General Elections, Roads, State Owned Enterprises, New and Renewable Energy, Disaster Management, Food and Drug Control, State Civil Apparatus, Prohibition of Alcoholic Drinks, Conservation of Biological Resources and Their Ecosystems.
Then, Reform Development and Strengthening of the Financial Sector, Elimination of Sexual Violence, Protection of Personal Data, Special Autonomy for Papua Province, Narcotics, Central and Regional Financial Balance), National Capital, Pancasila Ideology, Archipelago Areas, and Village-Owned Enterprises.
On Thursday, Indonesian Rupiah closed up 0.01 percent to 14,059 a US Dollar and the Jakarta Composite Index (JCI) dropped 0.11 percent to 6,428.31 from a previous day. The analysts rated various sentiment that will drive both instruments is the plan of the US’ stimulus bill.
The sentiment can also increase optimism for global economic recovery in general, particularly the US economy, which can encourage investors to look to riskier assets, they adds.
In the country, the financial market will benefit from the trade balance data that estimated to surplus $2.3 billion. With these various information, the local currency its expecting move in the range 13,900 – 14,100 versus the Greenback and JCI between 6,280 to 6,460.
Stocks to be watch for today are PT Timah Tbk (IDX: TINS), PT Jasa Marga Tbk (IDX: JSMR), PT Indo Tambang Megahraya Tbk (IDX: ITMG), PT Astra Agro Lestari Tbk (IDX: AALI), PT London Sumatera Indonesia Tbk (IDX: LSIP), PT Perusahaan Gas Negara Tbk (IDX: PGAS), and PT Bank Mandiri Tbk (IDX: BMRI).
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia