The Dow Jones advanced by 6.38% to 22,552 as the US Senate passed USD2 trillion worth of COVID-19 rescue bills. In the domestic realm, President Joko Widodo attended the special G20 summit to discuss measurement to fight against COVID-19 coming up with USD5 trillion of funds injection to temper potential risks of a recession.
The Dow surged 11.7% to 20,704 after the U.S. Senate passed COVID-19 rescue bills. Meanwhile, IDX shortens the trading hours after OJK issued the regulation protecting investors and stakeholders from threats of COVID-19.
The Dow dropped 3.04 percent to 18,591 as the US state failed to pass Covid-19 fiscal stimuli bills into laws. The World Bank facilitated USD300 million to inject the domestic financial sector was a positive sentiment.
BI’s second dovish tones of cutting BI 7-DRRR by 25 bps to 4.50% imitating other central banks’ accommodative stance. BI had to face horns of dilemmas over its dovish stance bounded in a paradox–economic stimulus tangled in worst-depreciated rupiah of 15,913 against USD. Mounting anxieties about the spread of lethal COVID-19 shatter the global economies as BI revised lower its projection of 2020’s loan growth from 10%-12% to 9%-11%. BBRI to focus on disbursing microloans for daily-needs producers posts hiking demands for this-type of loans.
The Dow Jones dipped 4.55% to 19,137 as COVID17 is too mighty against stimuli to shield the global economy. The authorities of money markets, bourses, banks, and industries put their best endeavors to lobby the US parliament to shun bourses shutdown. In the domestic real, Ministry of Finance Sri Mulyani forecasts if the pandemic prevalence lasts for more than six months, chances are the Indonesian economy to grow only 2.5% or even 0%.
The Dow Jones was rebound by 0.95% to 20,087 amid the worldwide fiscal and monetary stimuli to temper highly volatile markets. In the domestic realm, Bank Indonesia (BI) trimmed BI 7-DRRR by 25 bps to 4.5%. Its patient accommodative monetary tone aims to better stabilize financial markets and keep the economic growth momentum amid the devastating threats of COVID-19.
The Dow Jones sank 6.3% to 19,898 as fiscal and the Fed’s monetary stimuli futile in shielding the economy from threats of recession mounted investors’ fears. Turning to the domestic realm, investors eye on BI’s 7-DRRR as economists predict looser BI-DRRR in the hope of better immunizing the economy from the infectious pandemic of Covid-19.
The Dow Jones made a 5.2% rebound to 21,237 as the US government decided to roll out financial aid to the US citizens for mitigating impacts of two-week lockdown: a blow to the US economy.
Feb Trade Balance Is in Surplus
