JAKARTA (TheInsiderStories) - Happy New Year all! During the week the investors will get the latest information on the inflation data for December from the statistic bureau. In the previous month, the country experienced an inflation 0.28 percent and in annual basis stood at 1.59 percent.
Globally, China’ Caixin Manufacturing Purchasing Manager’ Index (PMI) has released on Sunday and will be followed by Germany on Monday. On the next day, the ISM Manufacturing PMI of United States (US) together with unemployment of Germany out,
On Wednesday, the Federal Open Meeting Committee minutes and United Kingdom’ Services PMI to be releases. Then, on Thursday, the consumer price index and monetary policy of Eurozone data will come out. At the same day the initial jobless claims US and Canada Ivey PMI.
On Friday, the non-farm payroll and unemployment rate data of US and Canada to be releases. In Asia, Japan may declare state of emergency for Tokyo areas in this week.
While, the Jakarta provincial government decided not “lock” the city after considered it during last week. On Sunday, the COVID-19 task force reported the daily positive cases of the nation recorded 7,203.
In December, Indonesia added 204,000 cases and 5,000 death tolls. To limited the virus outbreak, the government plans to vaccinates around 181.5 million citizens until March 2022, start with health staff.
Last weekend, Indonesian Rupiah closed up 0.57 percent to 14,050 versus the Greenback and the Jakarta Composite Index (JCI) 0.94 percent to 5,979 compared to the previous day. Throughout 2020, both had high volatility along with the panic market players on the pandemic that was sweeping the world.
But, they are still optimistic, the potential the two instrument to improves is still open in early 2021. During this year, its estimated that investors are still worried about the distribution process for the vaccines, which may not be evenly distributed throughout the world.
The uneven distribution of the corona virus vaccine, they rated, could trigger an increase in the number of positive cases of the COVID-19 in Indonesia. A controlled coronavirus pandemic with a vaccine is likely to encourage investors to return to high-risk assets.
In addition, the strengthening of the instruments will also be supported by a positive market response to the fiscal stimulus from the US that has been signed by President Donald Trump. The potential for adding a stimulus package during the leaderships of Joe Biden, will also further inflate of both.
Based on various information, this week the Rupiah is expected to move in the range of 13,800 - 14,500 per US Dollar. While, the JCI was between 5,942 - 6,032. Stocks that can be watched this week are in the commodity, oil and gas, consumer, manufacturing, and banking sectors.
Stocks that can be watched today are PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT PP Tbk (IDX: PTPP), PT Astra Agro Lestari Tbk (IDX: AALI), PT Solusi Bangun Indonesia Tbk (IDX: SMCB), PT Indocement Tunggal Perkasa Tbk (IDX: INTP), PT United Tractors Tbk (IDX: UNTR), PT Astra Agro Lestari Tbk (IDX: AALI), PT Bank Central Asia Tbk (IDX: BBCA), and PT London Sumatera Indonesia Tbk (IDX: LSIP).
May you have a profitable Week!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia
