JAKARTA (TheInsiderStories) – Good morning. United States’s (U.S) President Donald Trump and President of Russia Vladimir Putin will meet today at one Summit in Helsinki, Finlandia. Putin and Trump are expected to discuss issues from nuclear arms treaties to the conflict in Syria, but with a very loosely-defined agenda.
On June 27, Putin has met with U.S. National Security Advisor John Bolton at the Kremlin on Wednesday to arranged the agenda of the summit. The summit is expecting comes out with a joint statement outlining further steps from both sides to improve bilateral relations and joint actions in the international arena to ensure global stability and security.
At the meeting, Putin pointed out that Russian-U.S relations are not at their best due to sharp domestic political strife in the Trump’s country. But, he expects with the visit Bolton to Moscow gives hope that the both leaders make at least the first steps towards restoring full-fledged relations between the country.
Meanwhile, United Kingdom’s (UK) Primer Minister Theresa May in the meeting with Trump yesterday, stated that partnership with U.S is set to grow, with the country set to spend £24 billion on U.S’s equipment and support over the next decade.
In particular, on Russia, she thanked President Trump for his support in responding to the appalling use of a nerve agent in Salisbury, after which he expelled 60 Russian intelligence officers. May also welcomed Trump meeting with Putin today.
Furthermore she said, as the UK leaves the European Union, both leaders will pursue an ambitious U.S- UK free trade agreement. The UK – U.S relationship is also defined by the role we play on the world stage, she added.
Trump thank May for pursuing fair and reciprocal trade with the U.S. He looks forward to finalizing a great bilateral trade agreement with the UK.
Commenting on the meeting with President Putin, Trump said the both leaders will be talking about a number of things such as Ukraine, Syria, other parts of the Middle East and about nuclear proliferation. He added, if U.S could develop a relationship with China and Russia is a good thing for everybody.
Before meeting with May, Trump just attended NATO summit. He said, the meeting was truly productive, where his top priority was getting other NATO members to pay their full and fair share. During the summit, he made clear all NATO Allies must honor their obligations and comes out with substantial commitments from members to increase their defense spending.
Trump explained his country have built up military with costs US$700 billion and next year prepared fund $716 billion.
in Indonesia, today Statistic Indonesia to announce the latest data of inflation. The country’s inflation accelerated 0.59 per cent month-on-month in June from 0.21 per cent in May. The core inflation accelerated to 0.24 per cent month-on-month in June from 0.21 per cent in May.
The inflation in June is considered low compared to the previous years as it was in the period of Eid al-Fitr. In 2016 and 2017, inflation in the Eid al-Fitr month reached 0.69 per cent. Indonesian have tradition to spend a lot of moneyduring Eid al-Fitr. This tradition generates inflation in the past years.
Indonesia’s central bank estimated inflation to remain within its target this year, at 2.5-4.5 percent. In the last policy rate meeting, the central bank decided to raised its key interest rate by 50 basis points (bps) to 5.25 per cent, taking into account of tame inflation figure. BI expects inflation of 2.5 per cent to 4.5 per cent in 2019.
So, we saw that the two agendas become investor’s concerned today and will colored the trading at the financial market in this week. Good luck for today.