Market View

The pandemic condition in Asia is a concern

Apart from India, news also came from Japan where Prime Minister Yoshihide Suga will meet with the economy, health minister and other relevant cabinet ministers on Wednesday to discuss a potential extension of the state of emergency for Tokyo and other large urban areas slated to end on May 11. So far, Japan has placed the prefectures of Tokyo, Osaka, Kyoto and Hyogo on a 17-day state of emergency starting April 25 in a bid to curb a spike in coronavirus infections in the world's fourth-biggest oil importer.

In the West, several progress has been made

On the other hand, the European Commission has just submitted a proposal to expand the list of countries that can visit the European Union on the condition that these tourists have been vaccinated or come from countries with good health conditions. Elsewhere in the US, authorities announced that most capacity restrictions in New York and New Jersey will be lifted from May 19, to join the FDA's stance that it is preparing to grant vaccination approvals for adolescents aged 12 to 15 using the Pfizer vaccine at the start of the week. front. The two headlines further raise hopes for a recovery in fuel demand triggered by travel activities during the summer holidays in June.

Sumber: Riset ICDX