Mansek Rupiah weakens on concens over global economic recovery; BOP registered healthy surplus in 2Q10

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.