JAKARTA (TheInsiderStories) - Good Morning! The National Investment Coordinating Board has an agenda to releases the latest investment realization data of Indonesia in the first quarter of 2021. In the same quarter of 2020, the Southeast Asian biggest economy posted an investment realization Rp210.7 trillion (US$14.53 billion).
On Sunday, navy chief, Yudo Margono announced the submarine that went missing at North Bali has been found split into at least three pieces on the sea bed and all 53 people on board are thought to be dead. KRI Nanggala-402, a 44-year-old German-made submarine that underwent a refit in 2012, lost contact as it prepared to carry out a torpedo drill on April (04/21).
Last week, leaders of Southeast Asian Nation tell Myanmar coup senior general, Min Aung Hlaing, during the two-hour talks in Jakarta, to end killing the citizens and releases the political prisoners. Daily shootings by police and soldiers since the Feb. 1 coup have killed more than 700 mostly peaceful protesters and bystanders, according to several independent tallies.
Globally, in this week, we will sees central bank policy meetings in the United States (US) and Japan alongside some key economic data releases from major countries around the globe. Then a GDP updates in the US, Eurozone, South Korea and Taiwan will shed light on first quarter economic growth.
While, US durable goods orders and a host of survey data will give further insights into global trends at the start of the second quarter following the April flash Purchasing Manager’ Index (PMIs). Eurozone inflation data will also be eagerly awaited.
This week also will be filled with various monetary and economic policies. Today, the Bank of Japan will announce its monetary policy followed by the Federal Reserves on Wednesday. Today the US will also announce core durable goods orders, which is expected to climb to 1.6 percent from earlier contracted 0.9 percent.
On Tuesday, the world largest economy to announces the consumer confidence index and is likely to advance to 112.1 from 109.7. Then, the consumer price index (CPI) from Australia that predicted to remain flat at 0.9 percent on quarter to quarter basis.
On Wednesday, core retail sales of Canada out and anticipated to surge to 3.7 percent from minus 1.2 percent. On Thursday, US has a schedule to inform the GDP numbers with forecast jump to 6.5 percent from previous quarter at 4.3 percent, initial Jobless Claims, Pending Home Sales, and and the crude oil inventories, printed at 549,000 barrels last week.
At the same day, China Manufacturing PMI out and seen to edge down to 51.7 from 51.9. On Friday, the GDP data of Germany releases and is estimating contracted 1.5 percent from 4Q at 0.3 percent. Then, the CPI of Eurozone that probably climbs from 1.3 percent to 1.6 percent in annual basis from 1.3 percent and GDP of Canada that expected slip to 0.5 percent from 0.7 percent in monthly basis.
At the end of last week, Indonesian Rupiah closed down 0.03 percent to Rp14,525 per US Dollar and the Jakarta Composite Index (JCI) jumped 0.4 percent to 6.016 percent. The analysts assess that fluctuations in the Rupiah exchange rate and commodity prices will affect the movement of both.
The re-outbreak of the COVID-19 cases around the world also become main influence in the financial market. The new wave of a new variant in various parts of the world is estimating will affect both instrument. In the last few days there has been a surge in infection cases in India, while in the country there has been a re-emergence of infection in office clusters.
Some sentiment, especially the development of the COVID-19 case in Asia, has the potential to limit the strengthening of currencies in developing countries, they adds. Markets will also watching several US economic data as well as the Federal Open Market Committee meeting in April and data on gross domestic product or GDP.
With such information, today the Rupiah is expected to move in the range and JCI between 5,904 - 6,100. Stocks that can be considered are PT Bank Central Asia Tbk (IDX: BBCA), PT Astra International Tbk (IDX: ASII), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT Aneka Tambang Tbk (DIX: ANTM), PT United Tractors Tbk (IDX: UNTR), and PT Telkom Indonesia Tbk (IDX: TLKM).
May you have a profitable week!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia
