JCI’s movement may potentially be influenced by some domestic and global economic releases. Statistics Indonesia (BPS) is scheduled to release Indonesia’s Trade Balance data, which Bloomberg survey projects to reach a surplus of USD3.1 billion. Meanwhile, export and import growth in 2021 is expected to book 40.9% and 39.9%. BI will also hold the January Board of Governors Meeting; in which investors will pay close attention to how the central bank responds The Federal Reserve’s plan to increase the interest rate. Globally, market players will focus on China’s GDP growth data, which is estimated to be 3.5% YoY.
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