Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) closed down 0.39% in most recent trading on Friday (25/11/2022) at 7,053.15. JCI has strengthened for just two days this week and is down 0.41% overall.
Index yet stuck in a pattern sideways in the range of 7000-7100. For the coming week, investors need to be more vigilant. This is because there are many programs and sentiments from inside and outside the country that can move the market.
The most important agenda at the end of November is Bank Indonesia (BI) Annual Meeting 2022 to be held on Wednesday (30/11/2022). This year’s meeting will be titled Synergy and innovation strengthen resilience and awakening towards advanced Indonesia.
The meeting attended by hundreds of bankers and financial sector players had two important agendas, namely listening to speeches by President Joko Widodo, or Jokowi, and BI Governor Perry Warjiyo.
The president will usually deliver his economic statements and opinions for this year and next year. It will be interesting to wait for President Jokowi to broadcast his views on the BI’s aggressive monetary policy.
During the meeting, the Governor of BI will also transmit a series of targets and goals for BI for the next year, starting from economic growth, from credit, to the inflation rate.
BI will also present its most important agenda for the year ahead, both monetary and prudential policies.
On Wednesday of this week, United States (US) central bank Governor The Federal Reserve (The Fed) Jerome Powell will also address monetary and labor policies in Hutchins Center.
After the minutes of the Fed meeting came out this week and hinted at monetary easing, the public is now waiting for a statement from Powell himself.
Powell’s statement at the event will almost certainly affect the market given the extent of influence of Fed policies on global financial markets.
The same day, US to release data on job postings and revenue survey workforce (JOLTS) for October 2022.
If the jobs data continues to fail, market participants are likely to have more confidence as the Fed’s monetary easing approaches.
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