JAKARTA (TheInsiderStories) - Good Morning! British Prime Minister Boris Johnson and President European Union, Ursula von der Leyen, has and agenda meets today to continue the discussion on the Brexit partnership agreement. Johnson has warned the European Union it must scrap demands that he says are unacceptable if there is to be a Brexit deal to avoid a turbulent breakup in three weeks.
At the same day, United Kingdom will start to test the Pfizer Inc. (NYSE: PFE) vaccine to an old lady before distributes to the society. While, the Food and Drug Administration of America is expected to meet on an Emergency Use Authorization application by Pfizer and BioNTech SE (NASDAQ: BNTX) on their promising vaccines.
Still from Europe, the European Central Bank has agenda to announces its monetary policy. Some analysts sees the policymakers will unveil fresh stimulus measures to prop up the recession-hit currency bloc long enough for a vaccine to be deployed and its devastated economy to start to heal.
In the United States (US), Congress continued talks on additional economic stimulus, with House lawmakers voting to pass a one-week stopgap funding bill to give more time for talks. And in the country, Indonesia just hold a regional polls under the shadow of the rising decease.
President Joko Widodo’ son and son in-law has elected as major in Solo, Central Java and Medan, North Sumatera. On Wednesday, the task force announced 6,058 new cases and 171 deaths, bringing the total patients 592,900 and the fatalities 18,171.
Last Tuesday, Indonesian Rupiah lowered 0.04 percent to 14.110 over the Greenback and the Jakarta Composite Index (JCI) close up 0.23 percent at 5,944.41. For today, the analysts assessed the potential for additional positive cases in Indonesia after the regional elections and vaccine distribution will be concern to investors.
Then, the decline in foreign exchange reserves for three months in a row also become their attention. From abroad, the US government is likely to finalize a new stimulus deal that could be worth around US$908 billion in this week.
On the other hand, the Brexit talks between von der Leyen and Johson was deadlocked so that it did not produce the decision that the market wanted. With the various information, they sees JCI to move in the range 5,874 to 6,009 and Rupiah between 14,090 - 14,140 against the US Dollar.
Stocks to be watch for today are PT Indofood Sukses Makmur Tbk (IDX: INDF), PT Kalbe Farma Tbk (IDX: KBLF), PT XL Axiata Tbk (IDX: EXCL), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT Indocement Tunggal Perkasa Tbk (IDX: INTP), PT Semen Indonesia Tbk (IDX: SMGR), PT PP Tbk (IDX: PTPP), PT Astra International Tbk (IDX: ASII), Bank Central Asia Tbk (IDX: BBCA), and PT Telkom Indonesia Tbk (IDX: TLKM).
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia
