JAKARTA (TheInsiderStories) - Good Morning! National army reported military submarine goes missing during torpedo drill in Bali sea with 53 people on board. The country has asked Australia and Singapore for help to find the missing marine.
In Asia, leaders of Brunei, Cambodia, Indonesia, Malaysia and Vietnam, including head of Myanmar’ military regime, have committed to attending the in-person meeting. Thailand is sending deputy prime minister and foreign minister Don Pramudwinai.
The Philippine would issue a statement on Thursday on whether President Rodrigo Duterte is attending the meeting. While, United Nation’ envoy to meet ASEAN leaders at the sidelines of Myanmar Summit in Jakarta.
In addition, Australia’ deputy prime minister and minister for transport, Michael McCormack, said that Singapore was top of the list for a potential next travel bubble. The government also is exploring further opportunities for bubbles with countries that had low risk of COVID-19 transmission such as Japan, South Korea, South Pacific island nations.
On the dispute with China, the country’ embassy in Australia has criticized a move by the Australian government to cancel an agreement signed between the state of Victoria and China to cooperate under the Belt and Road Initiative. Beijing warning that the move will bring further damage to bilateral ties and will only hurt Australia.
in Europe, President of Russia, Vladimir Putin, reported has detained nearly 1,500 protesters after thousands supporters of jailed Kremlin critic Alexey Navalny took the streets of Moscow and other cities on Wednesday. He also warned the West against “crossing the red line” with the country, in a major annual speech that the opposition hoped to tarnish with mass protests.
On Wednesday, oil prices fell as much as 2 percent on talk of a nuclear deal by Iran that would take US sanctions off. The Islamic republic has said that it could return “within months” to its peak oil production of nearly 4 million barrels a day once the sanctions imposed by former President Donald Trump in 2018 are lifted.
While, Lybia’ national oil corporation declared force majeure on exports due to lack of maintenance funds and production has shut down at several fields bringing their production less than 1 million barrels per day. The fast increase new infections in India, one major oil importers also impact the oil prices. The news bring West Texas Intermediate settled down 2.1 percent to US$61.35 a barrel and London-traded Brent fell by 1.9 percent at $65.32 per barrel.
Yesterday, Indonesian Rupiah corrected by 0.3 percent to Rp14,541 per US Dollar and the Jakarta Composite Index (JCI) closed down 0.7 percent to 5.993 levels compared to the previous day. The analysts rated the weakening of both instruments caused of the negative sentiments from global financial markets.
One of the sentiments that will influence the movement of the two is the release of unemployment insurance claims in the United States (US). Today, the European Central Bank will also hold a press conference their monetary policy.
The other issus was the increase in the COVID-19 cases globally, which rose 63 percent compared to last February. Market is also worried about the supply of vaccines and also the emergence of several side effects from a number of vaccine brands.
This has particularly raised concerns about the use of vaccines in Europe. With this information, the Rupiah is expected to move in the range 14,550 - 14,570 and the JCI between 5,927 - 5,970.
Stocks that can be watched today are PT Aneka Tambang Tbk (IDX: ANTM), PT Indika Energy Tbk (IDX: INDY), PT Triputra Agro Persada Tbk (IDX: TAPG), PT Bank Central Asia Tbk (IDX: BBCA), PT Astra International Tbk (IDX: ASII), PT Bank Mandiri Tbk (IDX: BMRI), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Telkom Indonesia Tbk (IDX: TLKM).
May you have a profitable Day!
Written by Linda Silaen and Editorial Team, Please Read Our News to Get More information about Indonesia
