Market review
§ Rupiah weakened last week, on concerns over global economic recovery.
§ JCI contracted following regional movements
Global economy
§ Unfavorable economic data in US raised concern on weakening global economic recovery
§ Fed extended stimulus by buying government bonds and kept interest rates low
Domestic economy
§ Balance of payment registers a solid figure backed by strong FDI and healthy trade surplus.
§ Trade surplus sets to decline, but gradually. Maintain foreign exchange forecast at Rp8,927/US$ and Rp9,083/US$ by YE10 and YE11.
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