JAKARTA (TheInsiderStories) - Good Morning! The World Health Organization (WHO) warns that, despite strong expectations for the COVID-19 vaccine, there may never be a deadly bullet for the virus. More than 18.14 million people worldwide are reported to have been infected with this disease and 688,080 have died.
Therefore, the director general Tedros Adhanom Ghebreyesus and WHO emergency chief Mike Mike urged all countries to strictly enforce health protocols such as wearing masks, social distance, washing hands and co-19 tests.
From Europe, the manufacturing PMI index reached an expansive level for the first time in a year and a half. While, some countries were also hit by demonstrations that wanted to reopen social and economic activities such as in Germany.
From United States (US), market waiting for a new stimulus measures that need to pass through the Congress. Otherwise, tensions between Washington and Beijing continue to emerge and are ready to tackle optimism in the stock market.
The Trump administration announced it would take action on Chinese-owned software deemed to pose a security risk. From domestic, no important agenda today beside earning reports of the issuers at Indonesia Stock Exchange.
On Monday, Indonesian Rupiah closed down 0.21 percent to 14,630 per US Dollar and the Jakarta Composite Index (JCI) weakened by 2.8 percent to 5,006 compared to end of last week. Some analysts rate, there are several factors that influence the weakening of both instruments.
From domestic side, the extension of large-scale social restriction period in DKI Jakarta for the next two weeks would have fatal consequences to economic growth in the third quarter of 2020. It said there was a possibility of a decline even in contractions so that Indonesia could enter the recession phase.
From the external side, market still watching the rising tensions between US and China. In recent days, US President Donald Trump has threatened to ban TikTok, a popular video application run by ByteDance.
Looked the various development, they rated the Rupiah in the range of 14,625 to 14,680 versus the American Dollar and the JCI between 4,800 to 5,100. Stocks to be watch for today are PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT HM Sampoerna Tbk (IDX: HMSP), PT Astra International Tbk (IDX: ASII), and PT Indofood Sukses Makmur Tbk (IDX: INDF).
Then, PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT Tower Bersama Infrastructure Tbk (IDX: TOWR), PT Aneka Tambang Tbk (IDX: ANTM), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Jasa Marga Tbk (IDX: JSMR), PT Perusahaan Gas Negara Tbk (IDX: PGAS), PT Kalbe Farma Tbk (IDX: KLBF), and PT Adaro Energy Tbk (IDX: ADRO).
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team. Please Read Our News to Get More information about Indonesia
