Approaching the second week of September, there are several economic data releases that may influence the movement of the stock market. Bank Indonesia will announce the foreign exchange reserve position for August, and July’s retail sales figure this week. The latest data showed Indonesia’s forex reserves at USD 137.3 billion. Meanwhile, retail sales is predicted to contract significantly due to the implementation of social activity restriction (PPKM). Globally, investors will react to last week’s US Non-farm Payroll which may potentially influence the direction of the Federal Reserve’s policy.
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