JAKARTA (TheInsiderStories) – Lawmakers tried to find a way to remove President of United States (US), Donald Trump, on the accusing “incitement to insurrection with just nine days left in his presidency. House speaker Nancy Pelosi threatened to being impeachment proceedings against Trump if vice president, Mike Pence, fails to invoke the 25th Amendment within 24 hours.
Otherwise, President-elect Joe Biden will inherit some of the fallout of the latest Trump scandal and having to get a growing pandemic under control in the early weeks of his administration. He also wants to get moving on a stimulus package.
Then, five Federal Reserve officials scheduled to speak today on various topics. In Asia, Trump administration lifted its restrictions with Taiwan to ratchet up political pressure on China.
While, the Central Epidemic Command Center announced six new confirmed imported cases of COVID-19 in Taiwan. Tree from Egypt, one from Philippines, Indonesian and US. The agency reported that a cumulative total of 132,023 cases related to COVID-19 have been reported in Taiwan
Still from Asia, China announced the consumer price index increased 0.2 percent in December 2020, returning to inflation territory from the 0.5 percent deflation a month ago. The month-on-month consumer price gains of 0.7 percent were the largest since February and the highest since 2016.
Then, producer price index deflation further narrowed to 0.4 percent, up by 1.1 percentage points from November’ reading. Full-year forecast for 2020, the inflation stood at 2.5 percent and in 2021, to reach 1.2 percent, according to IHS Markit.
In Indonesia, the government still focus on the vaccination program and the Sriwijaya’ plane crashed. As planned, tomorrow, the country will start the vaccination program uses Coronavac, start with President Joko Widodo.
On Monday, Indonesian Rupiah weakened 0.74 percent to 14,125 per US Dollar and the Jakarta Composite Index (JCI) strengthened 2.00 percent to 6,382.94 from the previous day. The analysts rated both movement is likely to be overshadowed by the issue of rising US bond yields.
In addition, the imposition of restriction on community activities will also added the pressure on the two instruments. They hope that the news on the approval for Coronavac vaccine use from the authority can provide a positive sentiment for the financial market.
With these various informations, they predicted JCI to move in the range 6,322.67 to 6,396.68 and Rupiah between 14,000 – 14,160 versus the Greenback. Stocks to be watch are PT Bank Central Asia Tbk (IDX: BBCA), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Bank Negara Indonesia Tbk (IDX: BBNI), and PT Bank Mandiri Tbk (IDX: BMRI).
Then, PT Telkom Indonesia Tbk (IDX: TLKM), PT Chandra Asri Petrochemical Tbk (IDX: TPIA), PT AKR Corporindo Tbk (IDX: AKRA), PT Charoen Phokpan Indonesia Tbk (IDX: CPIN), and PT Mayora Indah Tbk (IDX: MYOR) stocks.
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia