JAKARTA (TheInsiderStories) - Good Morning! The central bank of United States (US), Federal Reserve will concludes its periodic meeting today, with the market waiting to hear what it has to say about economic recovery. At the same day, Bank Indonesia starts its two-days meeting before make a decision on Thursday.
While, House speaker, Nancy Pelosi, invited key congressional leaders in a bid to reach an agreement on a stimulus and spending plan. As reported, the lawmakers unveiled a plan to split the US$908 billion stimulus bill into two parts. Earlier, the Food and Drug Administration confirmed that Moderna (NASDAQ: MRNA)’ COVID-19 vaccine was 94.1 percent effective.
From Europe, the European Commission prepared EUR500 million (US$609.75 million) to produces one billion doses of vaccines for low and middle-income countries. The program to support COVAX, the global facility for universal access to COVID19 vaccines, said the president, Ursula von der Leyen.
The block agreed to starts the mass vaccination on Dec, 23. While, Dutch announces strict five-week lockdown, with an exception for Christmas. In Indonesia, Food and Drug Monitoring Agency has announced to extend the monitoring stage of a phase three clinical trial for the Chinese’ vaccines for another three months to determine the efficacy and side effects.
West Java Governor, Ridwan Kamil, the result of the clinical trials will also be postponed to March. Then, Indonesian Government has decided to ban crowds congregating in public places to prevent a spike in the number of COVID-19 cases.
The country ordered to apply stricter restrictions from Dec. 18 to Jan. 8 of 2021. According to the ministry of health, the nation logged 6,120 positive cases on Dec. 15, raising the national tally to 629,429, with a death toll of 19,111.
In Asia, President of Iran, Hassan Rouhani, aimed to accelerated the mutual relations with Indonesia, Mexico, and Tunisia. While, foreign minister of Indonesia, Retno Marsudi and her counterpart Adaljiza Magno from Timor Leste, together with the Australian Senator, Marise Payne, held a virtual meeting on Dec. 15 discussed on the strengthening trilateral cooperation.
At the same day, Cambodian Prime Minister Hun Sen advised the country’ education ministry to cancel the upcoming high school graduation exam in mid-January 2021 due to ongoing virus outbreaks.
While, Singapore announced that it will open a new segregated travel lane for a limited number of business, official and high economic value travelers from all countries next month. Singapore welcomed only 13,400 visitors in October, compared to 1.7 million reported in January.
Yesterday, Indonesian Rupiah weakened 0.18 percent to a level of Rp 14,120 per US Dollar and the Jakarta Composite Index (JCI) closed down 0.04 percent to 6,010.69 compared to the previous day. Investors appeared to be weighing up on the optimistic sentiment about starting vaccinations, despite market concerns over stimulus from the US’ parliamentary group.
In addition, the market was also overshadowed by sentiment on the domestic trade balance, whose surplus fell below expectations due to an increase in import activity that was bigger than the increase in export activity. The domestic trade balance was a surplus of US $ 2.62 billion in November compared to $ 3.61 billion in the previous period.
With the various information, the analysts believe that the Rupiah will move in the range of 14,070 - 14,130 versus the American Dollar and the JCI between 5,967 - 6,076 today. A number of shares that can be observed include PT Astra Agro Lestari Tbk (IDX: AALI), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT Semen Indonesia Tbk (IDX: SMGR) , PT Perusahaan Gas Negara Tbk (IDX: PGAS), PT Telkom Indonesia Tbk (IDX: TLKM), and PT HM Sampoerna Tbk (IDX: HMSP).
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia
