JAKARTA (TheInsiderStories) - President of United States (US), Donald Trump, threaten not sign the fiscal stimulus package into law after the Congress approved an US$892 billion bill caused he wants the house speakers increases the amount. The fiscal stimulus includes $600 payments to most Americans and became the first congressionally approved aid since April.
So far, the pandemic is accelerating in America, infecting more than 214,000 people every day and more than 317,000 Americans have died. Now, the investors focus swung between concerns about a new faster-spreading variant of the deceases and hopes that more fiscal aid would propel an economic recovery.
Still from US, the consumer confidence index unexpectedly fell in December, for second-straight monthly decline, as renewed restrictions aimed at slowing the pandemic hobbled businesses, overshadowing the roll out of COVID-19 vaccines. While, Adam Boehler, the CEO of International Development Finance Corp., said Indonesia could receive up to US$2 billion in the development aid if it recognizes Israel.
In Asia, Bank of Japan policymakers kicked off discussions to make their massive stimulus program more sustainable, with one member calling for a tweak to the bank’ huge purchases of risky assets, minutes of the meeting showed on today.
The central bank kept monetary policy steady in October on the view the economy was headed for a moderate recovery thanks to a package of measures aimed at easing funding strains for companies hit by the coronavirus pandemic. Under a policy dubbed yield curve control, the central bank guides short-term rates at -0.1 percent and the 10-year yield around 0 percent via massive bond buying.
In Indonesia, President Joko Widodo will inaugurated six new ministers and vice ministers under his “Indonesia Maju” cabinet. Some names to fill the vice ministers position are Pahala Mansyuri, Edward Komar Syarief, Abdul Mu’ti, Dante Saksono Harbuwono, Harfiq Hasnul Qalbi, and Muhammad Herindra.
He also appointed Petrus Reinhard Golose as head of the National Narcotics Agency and Hartono Prawiraatmadja as the head of the Peat and Mangrove Restoration Agency. While, Turkish foreign minister, Mevlut Cavusoglu met Widodo and defense minister, Prabowo Subianto on Tuesday. He said, High Level Strategic Council meeting will be held between the head of state and Turkish President Recep Tayyip Erdogan.
In the commodity market, oil prices fell on demand worries linked to the new COVID strain, with Brent crude oil price down 2.16 percent to $49.81 a barrel and West Texas Index lowered 2.44 percent to $46.80 per barrel.
Yesterday, Indonesian Rupiah weakened 0.53 percent to 14,205 per US Dollar and the Jakarta Composite Index (JCI) slumped 2.31 percent to 6,023.29. The analysts rated Tuesday’ trading was overshadowed by fears of a mutation of the new virus and a spike in COVID-19 cases in various countries.
In the country, the reshuffle sentiment from the cabinet of Widodo seemed unable to sustain financial markets. According to them, ahead of the long holiday, market players also tend not to want to enter the market especially amidst the current uncertain conditions.
With this information, the JCI is expected to move between 6,083 - 6,124 and Rupiah in the range of 14,170 - 14,300 per US dollar. As for stocks that can be watched today, PT Indofood Sukses Makmur Tbk (IDX: INDF), PT Indika Energy Tbk (IDX: INDY), PT PP Tbk (IDX: PTPP), PT Barito Pacific Tbk (IDX: BRPT).
Then, PT Bank BRISyariah Tbk (BRIS), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Astra International Tbk (ASII), and PT Bank Rakyat Indonesia Tbk (IDX: BBRI).
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia
