Indonesian inflation data for June will announces today. With the weak consumption the inflation rate during May at 0.07 percent, last month' level is estimating almost near to the level - Photo: Special

JAKARTA (TheInsiderStories) – Good Morning! Today, Statistic Indonesia release the inflation and tourism data in September. In August, the inflation 0.12 percent while in July the number of foreign tourists visiting Indonesia has decreased 4.10 percent compared to the number of visits in July 2018.

When compared to June 2019, the number of foreign tourists visiting in July 2019 has increased by 2.04 percent. Cumulatively (January-July), the number of foreign tourists visiting Indonesia reached 9.31 million visits, up 2.63 percent compared with the number of foreign tourists visiting the same period in 2018, which amounted to 9.07 million visits.

At the same day the new lawmakers at the country’ House of Representatives will be installed. In the period 2014 – 2019 ended yesterday (09/30), the parliament only resulting 84 laws with 23 house speakers stumbling over legal issues, most are corruption cases.

Of the 84 bills passed, 35 bills are included in the priority national legislation program. The remaining 49 are open to cumulative bills. From the 35 priority bills that were passed, there is some revision of the same law.

On Tuesday, Bank Indonesia will announce the money supply during last month. In Asia, Chine celebrate the 70 years of Communist Party rule, as a day of protest began to unfurl in seething Hong Kong. The country’ most powerful leader Mao Zedong founded the People’ Republic of China on Oct. 1, 1949.

Still from Asia, Japan’ index of industrial production fell 1.2 percent in August, following a 1.3 percent rise in the previous month. Manufacturers’ shipments dropped 1.4 percent month on month and the inventory held at the July level, which drove a 2.8 percent compared to last month, rise in the inventory index.

Major contributors to the decline in the index were steel and iron, non-ferrous metals, production machinery and transportation equipment whose production recorded contraction in July, offsetting increases in the production of electronic parts and devices, information and communication equipment, and chemicals excluding drugs.

From United States (US), President Donald Trump asked Australian Prime Minister Scott Morrison help the Attorney General’ investigation of Special Counsel Robert Mueller’ Russia probe in the 2016′ election. On Monday, Washington has slapped fresh sanctions on a businessman tied to Russian President Vladimir Putin as well as to a disinformation operation accused of conspiring to manipulate the 2018 midterm elections.

Last year, US prosecutors indicted the Internet Research Agency (IRA) and charging them with a broad conspiracy to influence the 2016 elections by spreading disinformation in the America via social media. The Treasury said the IRA had announced its intention to do likewise in the 2018 midterms by seeking to discredit candidates it viewed as hostile to Moscow.

The statement by the US Treasury spokesman that the US government never intended to deter Chinese companies from listing on Wall Street somewhat calmed the market so that they could be optimistic about the meeting of the two countries later on 10 October.

Only a month to Oct. 31, the date set by British Prime Minister Boris Johnson to leave the European Union (EU) there is not clear yet how and when will happen. European Commission Vice President for the Euro and Social Dialogue Valdis Dombrovskis noted that although Johnson does not want to ask the EU to delay Brexit, the parliament can force him to do it.

Yesterday, Indonesian Rupiah closed down 0.21 percent to 14,190 against the US Dollar and the Jakarta Composite Index (JCI) corrected 0.45 percent to 6169.10 compared to last weekend. Foreign investors recorded a net sell of Rp68.91 billion (US$4.89 million).

Analysts rated, various sentiments still overshadow the Rupiah and JCI movement. The demonstration carried out by the community and global negative sentiment would be a burden for the stock index and local currency. The positive catalyst is expected from the inflation data. Today Rupiah have a potential strengthening and JCI its expected move in the range of 6,056 – 6,278.

The observers recommended PT AKR Corporindo Tbk (IDX: AKRA), PT Astra Agro Lestari Tbk (IDX: AALI), PT United Tractor Tbk (IDX: UNTR), PT Lippo Karawaci Tbk (IDX: LPKR), PT Harum Energy Tbk (IDX: HRUM), PT Bumi Serpong Damai Tbk (IDX: BSDE), PT HM Sampoerna Tbk (IDX: HMSP), and PT Adhi Karya Tbk (IDX: ADHI) to be watch for today.

US$1: Rp14,100

May you have a profitable day!

Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia