JAKARTA (TheInsiderStories) – Good Morning! Its an inauguration day for Joe Bidden and Kamala Harris as the new 46th President and vice president of the United States (US). So far, markets welcome their presence after the Donald Trump years showed by the higher Wall Street index and the Greenback.
While, the new treasury secretary Janet Yellen in hearing with the Congress called the lawmakers to “act big” and support further stimulus to boost the economic recovery. Last week, Bidden has announced a proposed fiscal stimulus with total amount US$1.9 trillion.
In Indonesia, the central bank has an agenda to releases the first monetary policy on Thursday by start the two-days meeting on Jan. 20. Some economists rated the policymakers will hold the benchmark rates at the current level.
In Europe, federal and state government officials of Germany are set to approve an extension of the current lockdown measures through Feb. 15. In Asia, World Health Organization panel has said China had some information about the COVID-19 in December 2019 and could have moved quickly and decisively to contain the outbreak.
From Southeast Asian, Council of Palm Oil Producing Countries, an intergovernmental organization for palm oil producing between Indonesia and Malaysia, join forces to run an advocacy campaign in Europe. The two have been accused of clearing vast areas of rich rain forests in their countries and exploiting migrant workers.
In Indonesia, the government announced death toll from the earthquake in West Sulawesi climbed to 90 after hit by 6.3 SR end of last week. Hundreds of victims were residents of Majene and Mamuju Districts. Beside earthquake, landslide hit several cities in Indonesia and also claimed many victims.
On Wednesday, Indonesian Rupiah closed up 0,04 percent to 14.065 versus the US Dollar and the Jakarta Composite Index (JCI) weakened 1.06 percent to 6,321.86 compared to the previous day. The analysts assessed that the market’ wait and see attitude towards the inauguration of the Biden and Harris will still affect their movement.
Domestically, the investors also tend to wait and see ahead of the announcement of the results of the Bank Indonesia’ governors meeting. With these various informations, the Rupiah is expected to move in the range 14,000 – 14,100 and JCI between 6,250 – 6,300.
Stocks that can be watched today are PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Bank Central Asia Tbk (IDX: BBCA), PT Astra International Tbk (IDX: ASII), PT Gudang Garam Tbk (IDX: GGRM), and PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP).
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia