JAKARTA (TheInsiderStories) – Good Morning! President of United States (US), Donald Trump, is willing to sign a US$1.3 trillion aid bill from initial plans $1 trillion after talks on Capitol Hill fell apart without an agreement, said the White House chief, Mark Meadows yesterday. But, House Speaker, Nancy Pelosi rated, the amount was not enough to meet the needs of Americans.
The International Monetary Fund (IMF) has warned that the coronavirus crisis has lasted longer than expected and some countries will need years to grow back. Globally, number of infected people continues to grow reached 32.04 million and affected around 213 countries.
On Wednesday, Trump thinks the 2020 president election will end up at the Supreme Court and very important that the country must have nine justices to handle any potential challenges to the Nov. 3 between him and Democrat’ Joe Biden. He has cast doubt on the integrity of the election.
In Asia, Bank of Japan (BoJ) warned a resurgence in the pandemic could delay the economic recovery and destabilize its banking system by pushing more companies under. In the minutes, some members also called for the need to re-examine the BoJ’ policy framework after last July kept the policy steady.
In Indonesia, President Joko Widodo will chair a limited meeting on the accelerating the improvement of the village economy. Then the senior economic minister, Airlangga Hartarto, lead a meeting related to the arrangement of the national logistics ecosystem.
Yesterday, Indonesia Rupiah slightly lower to 14,815 per US dollar and the Jakarta Composited Index (JCI) was corrected by 0.33 percent to the level of 4,917.96 compared to the previous day. The analysts said, there were a number of sentiments that needed to be monitored for today.
One of which was the development of the Bank Indonesia Law, which foreign investors considered odd because is open up an opportunities for the minister of finance to influences the central bank policies. The bill is currently in its early stages of discussion with the parliament
From global, they said, there are at least two sentiments like US’ home sales jumped to 6 million in August and the possibility of the Federal Reserve raising its benchmark rate to reach an average of inflation at 2 percent.
While, the emergence of the COVID-19 cases in Europe and the US prompted investors tend to choose the Greenback, especially with the possibility of extending the lockdown in the United Kingdom. Based on this information, the Rupiah is estimated to move between 14,800 – 14,870 and JCI in the range of 4,753 – 4,980.
Stocks that can be watched today are PT Indofood Sukses Makmur Tbk (IDX: INDF), PT Bank Mandiri Tbk (IDX: BMRI), PT Adaro Energy Tbk (IDX: ADRO), PT United Tractors Tbk (IDX: UNTR), PT Soho Global Health Tbk (IDX: SOHO), PT AKR Corporindo Tbk (IDX: AKRA), PT Kalbe Farma (IDX: KBLF), and PT Aneka Tambang Tbk (IDX: ANTM).
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia