Diminishing Fears of Inflation
In spite of U.S inflation figures coming above consensus, U.S. markets could make a significant rally in last week. The U.S. government bond yield jumped into above 2,9% or new 4-year high, yet equity markets started to focus on the fact that growing economy will spark profitability.
Trade Deficit in January
Indonesia posted trade deficit of USD677 million in January (vs estimate of trade surplus of USD220 million). This deficit continued the deficit of USD270 million in prior month.
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