JAKARTA (TheInsiderStories) - Good Morning! Today, National Investment Coordinating board will announces the third quarter’ investment realization. In the first half of 2020 worth of Rp402.6 trillion (US$27.39 billion) or up by 1.8 percent from same period in the 2019.
At the same day, President Joko Widodo has an agenda to lead a limited meeting on the acceleration of coal added Value. Indonesia also considered to open its borders to foreign travelers to attract more foreign revenues enter the country.
In the United States (US), House speaker from Democrat party, Nancy Pelosi, asked for a new meeting to discuss the stimulus package, which is still being opposed by the Republican. The world largest economy also reported jobless claims fell below 800,000 for the first since the pandemic struck in mid-March.
In addition, labor department stated 787,000 people filed for unemployment insurance, down 55,000 from the prior week’ 842,000. US also urging Sri Lanka to make “difficult but necessary choices” to secure its economic independence in an apparent reference at China deepening its influence over the South Asian country.
From Britain, the country’ consumer sentiment fell this month by the most since a slump at the start of the pandemic as lockdown restrictions tightened across much of the country. In October, the GfK Consumer Confidence Index tumbled to -31, the lowest level since late May and down sharply from a nine-month high of -25 in September.
The index showed an especially large 12-point decline in households’ outlook for the economy over the next 12 months. Retail sales in July and August were above pre-pandemic levels, and the number of house purchases in September was close to its level a year earlier.
On Thursday, Indonesian Rupiah weakened 0.19 percent to 14,660 per US dollar and the Jakarta Composite Index (JCI) slightly weakened 0.09 percent to 5,091.82 compared to the previous day. Today, some analysts rated, the financial markets will still be overshadowed by uncertainty on the US stimulus and politics ahead of the elections.
Its estimated that the local currency move in the range 14,600 to 14,700 per US Dollar and the stock index between 5,971 - 5,101. Shares that can be considered include PT Indika Energy Tbk (IDX: INDY), PT Astra Agro Lestari Tbk (IX: AALI), PT Gudang Garam Tbk (IDX: GGRM), PT HM Sampoerna Tbk (IDX: HMSP), PT Indofood Sukses Makmur Tbk (IDX: INDF), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Kalbe Farma Tbk (IDX: KLBF), and PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP).
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia
