JAKARTA (TheInsiderStories) - Good Morning! The latest monetary policy by Bank Indonesia will announces today. With the improvement of various economic data, the central bank its expecting to hold the benchmark rate at 3.75 percent.
From the United States (US), the Federal Reserve kept the benchmark rate steady and vowed to keep funneling cash into financial markets until the world largest economic recover. While, the congressional negotiators were “closing in on” a US$900 billion COVID-19 aid law, with the tone most positive.
Moderna Inc’ mRNA-1273 vaccine looks set to receive US regulatory authorizationin this week and the country to launch BNT162b2, the vaccine developed by Pfizer Inc., and BioNTech SE which saw thousands of more health workers inoculated. In Europe, president of the European Union, Ursula von der Leyen said a “path to a deal” with the United Kingdom was nearer, although success wasn’t guaranteed.
After issued draft rules on monopolistic behavior by internet firms and announcing a probe on Monday into deals involving the Alibaba Group and Tencent, China’ regulator is set to investigate a US$3.5 billion plan for search engine Sogou to be taken private by shareholder Tencent Holdings. Another transaction attracting scrutiny is a bid by private-equity firm MBK Partners to buy China’ top online car rental firm.
On Wednesday, Indonesian Rupiah slightly lowered by 0.04 percent to 14,125 versus the American Dollar and the Jakarta Composite Index (JCI) strengthened 1.80 percent to 6,118.40 compared to the previous day. Analysts said that investors got a boost from the stronger German factory data.
Domestically, the investor eyes will focuses on the motorcycle sales data and the Bank Indonesia meeting. The central bank is expected to maintain its benchmark interest rate at the level of 3.5 percent. With this information, they estimated the Rupiah to move in the range of 14,075 to 14,175 per US Dollar. While, the JCI between 6,100 - 6,175.
Stocks to be watch for today are PT United Tractors Tbk (IDX: UNTR), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT Aneka Tambang Tbk (IDX: ANTM), PT Bukit Asam Tbk (PTBA), PT Telkom Indonesia Tbk (TLKM), PT XL Axiata Tbk (EXCL), PT Astra International Tbk (IDX: ASII), PT Bank Central Asia Tbk (IDX: BBCA), and PT Barito Pacific Tbk (IDX: BRPT).
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia
