Indonesia Imports Unexpectedly Stagnates 📉
Indonesia's imports almost stalled in November 2024, missing market forecasts, due to weakening domestic demand amid a weakening rupiah and efforts to protect local industries.
The article indicates a slowdown in Indonesia's imports, which could negatively impact the performance of the investment portfolio, particularly the positions in the S&P 500, European market, and MSCI World, which have significant exposure to global trade and economic conditions. The decline in oil and gas imports could also affect the short position in oil and fossil fuels. However, the impact is likely to be moderate, as the portfolio is diversified across various asset classes and regions.
Indonesia Posts Largest Trade Surplus in 4 Months 📈
Indonesia's trade surplus surged to $4.42 billion in November 2024, the largest since July, driven by a 9.14% jump in exports to key markets like the US, China, ASEAN, and the EU, while imports stalled.
The significant increase in Indonesia's trade surplus, driven by strong export growth, is likely to have a moderately positive impact on the investment portfolio. The portfolio's exposure to the S&P 500, European, and emerging market indices, as well as individual stocks like Apple, Microsoft, and BNP Paribas, could benefit from the improved trade dynamics in Indonesia, a major economy in the Asia-Pacific region.