JAKARTA (TheInsiderStories) – Good Morning! Thousand of Donald Trump supporters storm the United States (US) Congress was supposed to certified President-elect Joe Biden. Some analysts rated the violence could weigh on stocks as uncertainty breeds volatility.
Jan. 6 is the day set aside for Congress to do this usually perfunctory task, in order for the inauguration to go forward on Jan. 20, which is just two weeks from now. Other information waiting by the market is the initial and jobless claims, which are released today.
In Indonesia, the government announced to rearranging the imposition of restrictions on community activities in the several cities or regencies that have a high risk and become the epicenter of COVID-19 cases. The restrictions will implemented in all areas of Jakarta. Then, Bogor, Bekasi, Cimahi, Bogor, Depok, and Greater Bandung in West Java.
In addtion, Tangerang and South Tangerang in Banten, while in Central Java are Semarang, Banyumas, and Surakarta. Also, Bantul, Gunung Kidul, Sleman and Kulonprogo in Yogyakarat, Surabaya and Malang in Surabaya also Badung and Denpasar in Bali.
Ministry of health reported, Indonesia recorded 8,854 confirmed cases on Wednesday, the highest single-day rise since the outbreak started, to bring the total to 788,402. An additional 187 patients have died in the past 24 hours, bringing the total death toll to 23,296.
On Wednesday, Indonesian Rupiah strengthened 0.14 percent to 13,895 per US Dollar and the Jakarta Composite Index (JCI) closed down 1.17 percent to 6,065.68, after having dropped 2.36 percent in yesterday’ trading. According to analysts, external and internal sentiment will be the driving force for both movement today.
Among them, the results of the provisional polling of the Senate seat in Georgia favored members of the Democratic Party. If the Democrats win both seats from the Republican, Biden will have more freedom to set policy. This is likely to result in more fiscal easing.
However, this sentiment came under pressure from the large-scale social restrictions tightening imposed by the government in the Java and Bali regions. With these various information, today its projected that the Rupiah will move in the range of 13,850 – 13,950 per US dollar and the JCI will be between 5,928 – 6,150.
Stocks that can be watched today are PT Astra International Tbk (ASII), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Bank Mandiri Tbk (IDX: BMRI), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT Semen Gresik Tbk (IDX: SMGR), PT Kalbe Farma Tbk (IDX: KLBF), PT Bukit Asam Tbk (IDX: PTBA), and PT Gudang Garam Tbk (IDX: GGRM).
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia