Week II February 2020 Latest Publisher and Economic Events Color the movement of regional and domestic markets in the past week. Dri summarizes a number of main points that are considered to affect market performance, as follows the Sell pressure still covers the performance of regional market. The continued number of casualties of the corona virus (Covid-19) and the disruption of the supply chain for the manufacturing sector in many countries is a concern for market participants. Reports released by the Chinese National Health Commission indicate that 80 percent of Corona casualties are over 60 years old, and 75 percent of patients have experienced a history of previous diseases such as heart disease and diabetes. Another simple study published in the medical journal The Lancet shows that the average age of Corona`s passing is close to 55.5 years. This study was conducted on 99 Patients with Jinyintan Wuhan Hospital 1-20 January 2020. OPEC reduced the projection of global oil demand growth in 2020 to 0.99 million BPD, or lower 0.23 million BPD than the previous projection. The impact of Corona on the Chinese economy increases the uncertainty of world economic growth. The revision of this projection is estimated to encourage OPEC and non -OPEC countries to cut more faster production in the near future. The domestic Indonesian economy, the current account deficit in Q4 2019 was recorded at USD 8.1 billion (2.84% of GDP), supported by an increasing non -oil and gas trade balance surplus. The increase in the non -oil and gas trade balance surplus was mainly influenced by a decrease in non -oil and gas imports in the midst of the performance of non -oil and gas exports that were not yet strong. Furthermore, the 2019 Capital and Financial Transaction Surplus was recorded at USD 12.4 billion, higher than the 2019 Q3 Surplus of USD 7.4 billion. The amount of the surplus is mainly driven by the high flow of portfolio investment sources sourced from the issuance of global bonds both government and corporations. With this development, the Indonesia-NP Balance of Payment! Q4 2019 recorded a surplus of USD 4.3 billion, improved compared to the 2019 Q3 deficit of USD 46 million. Japanese Economy From the Japanese economy, the price of goods and services at the Japanese producer level increased 1.7% yoy in January 2020, following the 0.9% yoy increase in December 2019. This increase was the highest since November 2018 pushed by the increase in oil prices , food and beverages, production machines and electronic components. European European economy, European GDP grew slow down 0.1% in Q4 2019, after expansion of 0.3% in the previous quarter. This growth is the lowest since the contraction of 0.4% in Q1 2013. European industry output decreased 2.1% Mom (Expan: -1.6% Mom) in December 2019, following flat conditions in the previous month. The decline occurred in the production of capital goods, auxiliary goods, consumption, and energy. European-Sentix Economic Index Investor Sentiment in February 2020 dropped to the level of 5.2 from the level of 7.6. Investor optimism has declined following the spread of the Corona virus which increases the uncertainty of the global economic recovery. The Chinekari Economy of the Chinese economy, the rate of China`s inflation in January reached 1.4% Mom, or higher than the previous month 0.4% Mom. On an annual basis, the price of goods and services at the consumer level from 4.5% to 5.4% Yoy is highest in 8 years, encouraged to rise in the price of food components (+20.6% yoy) and non -food components (+1.6% yoy ). While the price at the producer level increased 0.1% yoy, after falling down 0.5% yoy in the previous month, the highest since May 2019. The United States economy (US) in terms of the US economy, the indicator of the NFIB small business optimism. Level 104.3 from 102.7 in the previous buian. The optimism of US small business businessmen improves with the expectations of sales and profit trends that have improved in the coming years. The US monthly inflation rate reaches 0.1% Mom in January 2020, slowing compared to the previous month of 0.2% Mom. Annually, the inflation rate is uphill from 2.3% yoy to 2.5% yoy (Exp:+2.4% Yoy), or the highest since October 2018. This development was encouraged to rise in fuel prices, and housing components. The price increase of food components tends to be stable. The claim of US weekly unemployment allowance (per 8 Feb 2020) rose 2 thousand applications to 205 thousand applications. The average 4 weekly tends to be stable at the level of 212 thousand applications compared to the previous week. US Retail Sales in January 2020 increased 0.3% Mom, faster than the previous month 0.2% Mom, or in line with market expectations. The increase in sales occurred in the group of motor vehicle products and spare parts, as well as furniture. The US industry output fell 0.3% Mom in January 2020, following a similar decline in December 0.4% Mom. The manufacturing sector output weakens along with the contraction of durable goods production such as engines and aircraft. Week III February 2020 Several economic indicators that need to be observed next week, among others USA: Nahb Housing Market Index, Housing Starts, Building Permits, Claims of Weekly Unemployment Allowances Japan: GDP Q4 2019, Industrial Output, Trade Balance, Core Machinery Orders China: Circulating Money, 1y/ Sy Loan Prime Rate EU: inflation rate, consumer confidence index Indonesia: Trade Balance, BL 7DRR Source: Danareksa Research Institute (DRI) Photo by Micheile Henderson on Unsplash