JAKARTA (TheInsiderStories) – Good Morning! This week market still sees the Wuhan coronavirus and Brexit developments. Signs of the virus impacting business are unlikely to be seen yet in the final PMI data, with the majority of survey responses having been collected prior to Jan. 25.
The agenda starts with the publication of worldwide PMI surveys for January and ends with the United States (US) non-farm payroll report, though also sees no fewer than 538 companies reporting earnings. In Washington, the democrat primaries get underway.
On Monday we will sees the release of worldwide manufacturing surveys for January, followed on Wednesday by service sector updates. The surveys will be eyed for signs that the global business environment has continued to improve after the global PMI closed off 2019 at an eight-month high.
In fact, flash PMI data for January have so far shown encouraging signs. In the US, the PMIs are accompanied by the official monthly employment report and factory orders data while in the eurozone, Germany trade and industrial production data will give important steers on whether recession has been avoided.
In Asia Pacific, China PMI data are joined by GDP updates from Hong Kong. While, monetary policy meetings in Australia, India, Thailand and the Philippines.
On Feb. 5, Bank Indonesia releases quarterly Gross Domestic Product in fourth quarter of 2019. In the next day reports the January 2020 Consumer Retail Survey and Jan. 7 announced the foreign exchange reserves position.
While, the parliament has agenda to ratify the Indonesia – Australia Comprehensive Economic Cooperation Agreement (IA-CEPA) in this week. At present the ratification process is in the finalization stage. Just so you know before the CEPA was completed by the two countries signed in March 2019.
Today, Statistic Indonesia has schedule to announce the inflation data in January. End of last year, the annual inflation rate ended at 2.72 percent and in monthly basis recorded at 0.34 percent. In 2019, the largest economy in Southeast Asia posted the yearly inflation at 3.13 percent.
Previously in November, Indonesian inflation stood at 0.14 percent, went up from 0.02 percent in the prior month. Last month, the annual inflation rate decreased to 3.0 percent from 3.13 percent in the previous month, as the price of most of the expenditure group index increased.
Beside, the agency will also announce tourism data in December 2019. At noon, Indonesian Palm Oil Association will hold a press conference on the performance of 2019 and the prospect of 2020.
Then, minister of finance, Sri Mulyani Indrawati, gave a speech on state financial policy and vice minister Suahasil Nazara deliver his view on one seminar.
Next, coordinating minister for maritime and economic affairs, Luhut Panjaitan has scheduled to meet Japanese ambassador, Masafumi Ishii at his office. He also has agenda to lead a coordination meeting on light rapid transportation development.
His companion, coordinating minister for economic affairs, Airlangga Hartarto, become a speaker at the economic seminar. While, House of Representatives’ commission VI and deputy BUMN Minister Budi Gunadi Sadikin and PT Pertamina and PT Perusahaan Listrik Negara. Then, with CEO of PT Bank Tabungan Negara Tbk (IDX: BBTN), Pahala Mansury.
On Friday (01/31), Indonesian Rupiah slightly higher 0.01 percent to 13,655 a US dollar and the Jakarta Composite Index (JCI) dropped 1.94 percent to 5,940,048 compared to prior day.
The analyst assessed that there were a number of sentiments that weighed on the two major instruments like a spread of the coronavirus, two state insurance firm PT Asuransi Jiwasraya and PT ASABRI cases.
While from a global standpoint, he said, there was no positive sentiment that could significantly move the domestic market. Based on the various data, they rated, the local currency and stock index will move sideways with a tendency to weaken on Monday.
Today, the Rupiah its expecting move in the range 13,620 – 13,705 compared to American Dollar. While, the JCI between 5,889 – 6,123.
The stocks to be watch for today are PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Bank Mandiri Tbk (IDX: BMRI), PT Bank Central Asia Tbk (IDX: BBCA), PT Unilever Indonesia Tbk (IDX: UNVR), PT Gudang Garam Tbk (IDX: GGRM), PT HM Sampoerna Tbk (IDX: HMSP), PT Telkom Indonesia Tbk (IDX: TLKM), PT Wijaya Karya Tbk (IDX: WIKA), PT Barito Pacific Timber Tbk (IDX: BRPT), PT Sarana Menara Tower Tbk (IDX: TOWR), and PT Astra International Tbk (IDX: ASII).
May you have a profitable Week!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia