President of United States (US), Joe Biden, to split a giant new spending into infrastructure project, especially green energy, and healthcare and child - Photo by the White House Office

JAKARTA (TheInsiderStories) – Good Morning! President of United States (US), Joe Biden, to split a giant new spending into infrastructure project, especially green energy, and healthcare and child. But other plans on healthcare and childcare will have to wait until April.

While, concerns about the ongoing problems around the globe in bringing the pandemic under control are also weighing. Europe’ latest wave continues to build, with German Chancellor Angela Merkel threatening to invoke emergency federal powers to enforce stricter lockdowns in her country and France approaching capacity in its intensive care units.

In South America, Brazil and Chile continue to see new infections running at record rates. Then, Colombia, Argentina and Peru all have fast-rising case numbers.

In Asia, foreign ministers of Japan, Toshimitsu Motegi, and Indonesia, Retno Marsudi, agreed to cooperate closely in resolving the crisis in Myanmar. At least 459 people were reportedly killed by security forces since the military seized power in a coup on Feb. 1, 2021.

At the same day, defense minister, Prabowo Subianto held a first face-to-face meeting with his counterpart Nobuo Kishi in Tokyo, Japan. In this meeting, both agreed to hold a military-to-military dialogue, continue consultations on primary weapons systems and technology, further enhance service to service cooperation, and prepare the two-plus-two meeting on March 30 for the first time in the last five years.

In Indonesia, senior economic minister, Luhut Binsar Pandjaitan, said that the government would soon issue five-year visas for international tourists and will allow foreign tourists to apply work in Indonesia. He believed this move could gain investors’ trust and lure them into investing in the country.

On Makassar’ suicide bombing case, the National Police’s anti-terror squad Densus 88, has arrested 13 suspected terrorists linked to the Jamaah Ansharut Daulah in three regions Jakarta, Makassar in South Sulawesi, and Bima in West Nusa Tenggara.

In the commodity market, the oil prices fell after the ship blocking the Suez Canal over the past week was partially freed from the canal’ walls, assuring a return to normalcy eventually for global crude shipments. The investors waiting the OPEC+ meeting end of this mont on their plans to withheld the oil supply between 7 – 9 million barrels per day.

The most critical component was the Saudi portion, which has accounted for anywhere between 1 – 2 million barrels per day since April, instead of a production hike. On Monday, West Texas Intermediate price settled up 1 percent at US$61.56 a barrel and Brent crude price higher 0.9 percent tp $64.35 per barrel.

Yesterday, Indonesian Rupiah closed down 0.19 percent to 14,445 per US Dollar and the Jakarta Composite Index fell 0.46 percent to 6,166,818 compared to the previous day. The analysts assessed the movement of both on Tuesday still be overshadowed by the fluctuations of global oil and commodity prices.

In the country there is still minimal sentiment, especially from economic data. Now, the market waiting for the release of Indonesia’ inflation data on April 1, where inflation is estimated to be maintained at the level of 1.40 percent in annual basis and 0.1 percent on monthly basis.

With these various information, the Rupiah is expected move in the range 14,350 – 14,450 over the Greenback and JCI between 6,145 – 6,210. The preferred stocks for today are PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Bank Central Asia Tbk (IDX: BBCA), PT Telkom Indonesia Tbk (IDX: TLKM), PT Semen Indonesia Tbk (IDX: SMGR), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT Unilever Indonesia Tbk (IDX: UNVR), and PT Gudang Garam Tbk (IDX: GGRM).

May you have a profitable Day!

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