The Canadian prime minister and leader of the Liberal party Justine Trudeau is in a tight race against Andrew Scheer, head of the Conservatives, in Oct. 21’ national elections - Photo: Privacy

JAKARTA (TheInsiderStories) – Good Morning! The Canadian prime minister and leader of the Liberal party Justine Trudeau is in a tight race against Andrew Scheer, head of the Conservatives, in Oct. 21’ national elections. The party that wins the most seats generally gets to form the government, with its leader becoming prime minister.

Trudeau’ party has win parliament seat with share 46.7 percent followed by conservative party 21 percent, New Democratic Party 16.7 percent, and Green Party 4.8 percent.

From Europe, prime minister Boris Johnson appealed to lawmakers on Monday to approve his Brexit proposal this week. With just over a week before Britain leave the European Union (EU), he is scrambling to get his deal through parliament, which has put up a series of hurdles for the prime minister to meet his Oct. 31 deadline to try to prevent a no-deal Brexit.

Johnson is now looking to pass the legislation implementing the agreement through parliament as quickly as possible. More than three years after Britain voted to leave the EU in a 2016 referendum, the future of Brexit is as uncertain as ever.

From Asia, today Japan will held the coronation of Emperor Naruhito at the Seiden (State Hall), Imperial Palace, Tokyo. Vice President Ma’ruf Amin and his wife to represent the Indonesian government at the ceremony.

While, GoJek announced Kevin Aluwi and Andre Soelistyo are now the new boss of the digital company. Both of them became co-CEO replacing Nadiem Makarim who resigned to become Joko Widodo’ minister.

During the Trade Expo Indonesian buying mission program has booked trade contract US$3.16 billion. A total of 112 MoUs have been signed with 30 countries, said the director general at the trade ministry, Dody Edward on Sunday (10/20).

The five countries that signed the contract were Germany purchasing doll products, Romania to purchase paper products, Jordan with the purchase processed food products, Egypt with the purchase of stationery and processed food products, as well China with investment in building a recycling plant in a bonded zone in the city of Medan, North Sumatra.

On Monday, Indonesian Rupiah closed up 0.47 percent to 14,073 against the US Dollar drive by cabinet announcement by President Joko Widodo. While, the Jakarta Composite Index also move 0.11 percent to 6,198.987 from yesterday.

For today, the local currency is estimating move in the ranga 14,055 to 14,115 over the Greenback and the stock index movement between 6,164 to 6,246. The movement of the Rupiah and JCI is predicted to strengthen as the euphoria of market waiting for the announcement of the composition of cabinet ministers for the second period of Widodo – Amin.

In addition to positive sentiment from from the cabinet member, the external sentiments such as positive developments from the US and China trade negotiations and Brexit.

The analysts suggested that investors pay close attention to the shares of PT Wijaya Karya Tbk (IDX: WIKA), PT Adaro Energy Tbk (IDX: ADRO), PT Telkom Indonesia Tbk (IDX: TLKM), PT Medco Energy International (IDX: MEDC), PT Bukit Asam Tbk (IDX: PTBA), PT Bank Central Asia Tbk (IDX: BBCA), PT HM Sampoerna Tbk (IDX: HMSP), PT Surya Citra Media (IDX: SCMA), and PT Global Mediacom Tbk (IDX: BMTR).

May you have a profitable day!

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