JAKARTA (TheInsiderStories) – Good Morning! The House of United States (US) voted 232 to 197 to impeach President Donald Trump for inciting the attack on the Capitol Hill last week. The trial is unlikely to get underway before Jan. 19, just a day before the inauguration of President-elect Joe Biden.
While, chairman of the US’ Federal Reserves, Jerome Powell and president of European Central Bank, Christine Lagarde, will speak at an online conference today. Both may bring up economic stimulus, which many the policy makers have said is crucial to the economic recovery in US and Europe.
Earlier, president of Boston Federal Reserve Bank, Eric Rosengren, said that the US economy will continue to be strong in the second half of this year as vaccinations are widely available, but COVID-19 is still driving the economy and monetary policy will remain accommodative. The country also has schedule to release its core Consumer Price Index for December.
In Asia, China has taken to locking down more than 22 million in their homes. The massive lockdowns, twice as large as the initial ones at the beginning of the Chinese outbreak, come as the country reported a mere average of 109 new cases a day.
In Indonesia, President Joko Widodo has nominated Criminal Investigation Agency head, Commissioner General Listyo Sigit Prabowo, as the new National Police chief. If approved by the parliament, he will replace Idham Azis who reaches retirement age on Jan. 30.
On Wednesday, Indonesian Rupiah strengthened 0.50 percent to 14,060 versus the American Dollar and the Jakarta Composite Index (JCI) rose 0.62 percent to 6,435.21 levels compared to the previous day. Some analysts rated the strengthened of the two caused of many fund managers have repositioned their portfolios also supported by the commodity prices and the official mass vaccination.
They said, although the process will take quite a long time for vaccinations throughout Indonesia to be completed, the hope of a normal life gradually returns to reality, and most importantly the economy can revive.
In addition, global market players are still waiting for inflation data in several countries, including the European region. With these various information, today the Rupiah is expected to move in the range of 14,000 – 14,150 and JCI 6,325 – 6,465.
Some of shares to be watch for today are PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT Kalbe Farma Tbk (IDX: KLBF), PT Timah Tbk (IDX: TINS), PT Sarana Menara Tower (IDX: TOWR), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), and PT Aneka Tambang Tbk (IDX: ANTM), and PT Elang Mahkota Technology Tbk (IDX: EMTK).
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia