JAKARTA (TheInsiderStories) - Good Morning! The United States (US) announced around 60 million doses of AstraZeneca’ vaccine will be shipped overseas in the coming months, of which 10 million will be exported “in the coming weeks” and the remainder is in production and will be shipped in May and June. Based on the Centers for Disease Control and Prevention, nearly 54 percent of Americans have received at least one injection.
In Asia, India experienced the COVID-19 tsunami in a week, with 2.2 million positive cases and 16,323 deaths. The country ranks second behind the US with the most cases in the world.
In Indonesia, a total of 3.852 million doses of AstraZeneca’ ready-to-use vaccine from the COVAX Facility arrived in Indonesia on Monday, said minister of foreign affairs, Retno Marsudi. The country has received the first batch of multilateral vaccines from the COVAX Facility on March 8, 2021, amounting to 1.1 million doses.
While, President Jokowi and his Chinese counterpart Xi Jinping in a high-level conference call have in 10 - 15 million additional doses of the Sinovac vaccine. The country sees the number of daily vaccination will lessened to 250,000 from currently around 500,000 due to the declining vaccine stocks to 8 - 10 million doses from the initial stocks of 15 million doses in April.
In addition, the head of state has ordered the Indonesian Military commander and the Police chief to hunt down all members of the Papua Armed Criminal Group. He made the order following the recent death of the Papua regional Intelligence Agency chief brigadier general, I Gusti Putu Danny Nugraha Karya, during a shootout with the rebel group in Daungbet village, Puncak regency on Sunday (04/25).
Yesterday, Indonesian Rupiah closed up 0.28 percent to 14,485 versus the American dollar and the Jakarta Composite Index (JCI) corrected 0.86 percent to 5,964.82 from the previous day. Since the beginning of this year, the local currency has weakened 3.10 percent.
The analysts sees that the strengthening of the Rupiah is driven by external sentiment, especially the weakening US Dollar index plus data on the fiscal deficit in US, which is also widening as fiscal spending continues to roll. At the same time, the pressure from the movement of US Treasury yields has also eased.
Meanwhile, the European Central Bank still committed to accelerating its monetary stimulus. According to them, several global sentiments have provided a positive impetus for the strengthening of two. However, they reminded that the improvement in imports and dividend payment periods by multinational companies is still overshadowing the movement of both instrument in the near future.
With these various information Rupiah its expecting move in the range 14,450 - 14,550 against the Greenback and the JCI between 5,940 - 6,030. Stocks to be watch are PT Bank Tabungan Negara Tbk (IDX: BBTN), PT Indofood Sukses Makmur Tbk (IDX: INDF), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Semen Indonesia Tbk (IDX: SMGR), PT Gudang Garam Tbk (IDX: GGRM), PT Vale Indonesia Tbk (IDX: INCO), and PT Astra International Tbk (IDX: ASII).
May you have a profitable Day!
Written by Linda Silaen and Editorial Team, Please Read Our News to Get More information about Indonesia
