Global markets moved mixed by last week. Pressure arose after the Fed and ECB indicated tighter monetary policy. However, US job data issued on Friday, 07/07, constituted as a positive sentiment.
Investors within this week will focus on Janet Yellen’s testimony crucial for projecting the direction of US rate hike policy until the end of 2017.
- Yellen’s Testimony
- Stable Inflation of China’s Producer
Indonesia Market Highlights
JCI moved at modest pace by last week. Global sentiment of the Fed’s policy direction was a crucial catalyst form for JCI, Besides, IDR exchange rate pared down.
It is estimated JCI to move flat by this week. Global pressure pursuant to the Fed’s policy is estimated to cause jitters for investors. In the other side, consumer confidence data to be issued on Tuesday, 07/11, still leave question pursuant to muted potency of consumer purchasing power in Indonesia.
- Expanding Budget Deficit
- BI Projection of 0.32% Inflation
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