JCI Rose with New Regulation Concerning The Placement of State Money in Commercial Banks

JCI on Wednesday (6/24/20) rose by 1.75% to 4,964.73. This positive sentiment came from the new regulation issued by the Ministry of Finance or PMK No 70/PMK.05/2020 concerning The Placement of State Money in Commercial Banks in the context of Accelerating National Economic Recovery. Through this regulation, four state-owned banks or Himbara officially gained funds from the government of Rp 30 trillion. (CNBC Indonesia)

The U.S. is weighing new tariffs on $3.1 billion of exports from France, Germany, Spain, and the U.K., adding to an arsenal the Trump administration is threatening to use against Europe that could spiral into a wider transatlantic trade fight later this summer. The U.S. Trade Representative wants to impose new tariffs on European exports like olives, beer, gin, and trucks, while increasing duties on products including aircraft, cheese, and yogurt, according to a notice published late Tuesday evening. The statement lays out a month-long public comment period ending July 26. (Bloomberg)

Source: Danareksa Sekuritas Debt Research

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