Indonesia stock market is more likely to rise in December according to analysis of one decade of data after Indonesian equities were under severe selling pressure in Nov-19 because of worries over slowdown in the economy.
The core inflation came lower compared to the headline inflation as the inflation in Nov-19 was built from the food baskets that were more likely related to temporary factors that may reverse themselves later.
The JCI posted a loss of 0.8% Ytd to 6,146 and underperformed the region because of risks arising from escalation of global trade war while domestic macro environment is not supportive of equity market due mainly to slowdown in economic growth and widening current account deficit...
If a trade deal to lift up previous tariff sanction is reached, it may give a boost to US and China economic.
Flipped back to a trade surplus in August. Trade surplus may lead BI to become more confident to continue loosening monetary policy coupled with stronger Rupiah in the last couple of days.
Low inflation opened room for BI cutting rate for first time since 2017 to support growth.
Government consumption growth should also be higher at around 7.5% YoY due to election preparation. However, downside risk in investment growth.
Late harvest in several places as mentioned by coordinating minister of economic, mainly due to distributional problems. It made supply of shallot, chili, vegetables and some other food products were limited, hence boost the price.