Joe Bidden and Kamala Harris officially became President and vice president of United States (US) after inaugurated on Wednesday - Photo by the White House

JAKARTA (TheInsiderStories) – Good Morning! Joe Bidden and Kamala Harris officially became President and vice president of United States (US) after inaugurated on Wednesday. In his first day sit in White House, Bidden has taking 17 executive actions, many aimed at dismantling Donald Trump’ policies.

One of the order was returning America to Paris Agreement on climate change. Ha also has an ambitious agenda for his first 10 days in office to grips with a number of crises, not least of which is the pandemic and the botched vaccine rollout.

On Thursday the world largest economy has an agenda to releases weekly jobless claims numbers. The initial claims are expected to be 910,000 and continuing claims are expected to be 5.4 million.

In Indonesia, the central bank has schedule to announces the first monetary stance in 2021 today. Some economists rated the central bank will keep the seven days repo rate at the current level 3.75 percent. This year, Bank Indonesia has space to cut the benchmark rate again followed the global and domestic economy recovery.

In a bid to boost an investment and create the jobs, the country also set to remove energy, communications and technology, also tourism and creative economy from the negative list. The lineup, expected to be issued next month. The government has cut its list from 20 sectors to only six.

In Asia, China announced sanctions against “lying and cheating” outgoing secretary of state, Mike Pompeo, and 27 other top officials under Donald Trump administration. Among the 28 names are former deputy national security advisor Matt Pottinger, former national security advisor John Bolton, assistant to the president Peter Navarro, and former chief strategist Steve Bannon.

Yesterday, Indonesian Rupiah strengthened 0.21 percent to 14,035 per US Dollar and the Jakarta Composite Index (JCI) rose 1.71 percent to 6,249,758 compared to the previous day. Analysts assessed that the strengthening of both was supported by the stimulus support in America.

Other supports came from the candidate treasury secretary, Janet Yellen, that shouted she would issue more COVID-19 aid packages which had an impact on the increased appeal of gold as an inflation hedge.

The investors also focused on the previous week’ proposed US$1.9 trillion stimulus package to boost the economy and accelerate the distribution of the vaccine. In the country, the higher spread of the virus open for the government to extend the restriction in a number of areas in Java and Bali.

Based on the various information, Rupiah is estimating mive in the range 14,000 to 14,050 versus the Greenback and JCI between 6,360 – 6,450. Stocks to be watch for today are PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Bank Syariah Indonesia (IDX: BRIS), PT Aneka Tambang Tbk (IDX: ANTM), PT Timah Tbk (IDX: TINS), and PT Bukit Asam Tbk (IDX: PTBA).

Then, PT Adaro Energy Tbk (ADRO), PT Bank Mandiri Tbk (IDX: BMRI), PT Indofood CBP Sukses Makmur Tbk (ICBP), PT Barito Pacific Tbk (IDX: BRPT), and PT Unilever Indonesia Tbk (UNVR) shares.

May you have a profitable Day!

Written by Linda Silaen, Please Read Our News to Get More information about Indonesia