JCI movement for this week will potentially be influenced by the congested schedule of economic data releases. Firstly, the Trade Balance for July period is projected to still be in a surplus of USD 2.3 billion. For the record, Indonesia has booked trade balance surplus for the last 14 months. Secondly, investors will pay close attention to the decision of the Board of Governors’ Meeting (RDG) of Bank Indonesia which will be announced on August 19, 2021. Finally, the Current Account position for the second quarter of 2021 is predicted to remain in a deficit, with economist consensus at USD 732 million.
Download full report HERE.
