US and Europe countries’ regional markets are still closed due to the Christmas holiday. In await for important US economic data: Pending Home Sales (MoM) (Nov), Initial Jobless Claims, and Crude Oil Inventories that will be announced this Wednesday and Thursday, the US extreme weather becomes a worldwide concern as it has inflicted 25 fatalities in New York (of at least a total of 55 deaths recorded across the US since last Christmas weekend). December’s inflation expectations in South Korea are expected to fall to their lowest point over the past seven months, hoping the Bank of Korea to end tight monetary policy first.

Corporate Bonds
ISAT: Completes IDR205.7 Billion Transactions. PT Indosat Tbk (ISAT) completed a transaction worth IDR205.7 billion involving Aplikasinusa Lintasarta (Lintasarta), Starone Mitra Telekomunikasi (SMT), and BDX Asia Data Center Holdings Pte Ltd. Additionally, the background and reasons for the Company to conduct a transaction with affiliated parties, is to develop and grow the SMT business to become Indonesia’s leading data center company. (Emiten News)

Domestic Issue
BI Is Optimistic About BOP Surplus. Bank Indonesia (BI) is optimistic that Indonesia’s Balance of Payment (BOP) can record a surplus this year. BI Governor Perry Warjiyo said that this year’s BOP surplus could reach USD 2.6 billion, with an opportunity for a current account surplus in the range of 0.4% of gross domestic product (GDP) to 1.2%. However, the authority still needs to increase domestic foreign exchange liquidity to meet foreign exchange needs to cover foreign exchange reserves that have fallen for rupiah intervention. (Kontan)

The market, that still lacks domestic and foreign sentiments, relies on technical analysis indicators. It managed to close higher beyond Resistance yesterday, even though foreign posted a Net Sell of IDR204.85 billion (RG market). NHKSI Research expects the short-term Bullish can continue to focus on breaking through the MA20/6.855 Resistance and will manage to hit the TARGET of 6.960-7.000.

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