JAKARTA (TheInsiderStories) – Good Morning! Foreign minister of Japan, Toshimitsu Motegi, has scheduled to meet President of Indonesia Joko Widodo this morning. He also held various meeting with government officials, including coordinating minister for maritime and investment affairs Luhut Binsar Panjaitan and foreign minister Retno Marsudi.
At the same day, senior minister Panjaitan schedule to meet chairman of Softbank Corp., Masayoshi Son, Adam Boehler from United States’ (US) International Development Finance Corporation at his office.
From Washington, World Bank Group President David Malpass today announced the appointment Mari Elka Pangestu as managing director, development policy and partnerships for the agency. Pangestu joins the Bank with exceptional policy and management expertise, having served as Indonesia’ minister of trade from 2004 to 2011 and as minister of tourism and creative economy from 2011 until October 2014.
Yesterday, US’ parliament passed a resolution to curb President Donald Trump’ ability to engage in military conflict against Iran. Democrats party accused Trump of acting recklessly and backed the war powers resolution.
Today, US’ labor department will issue December jobs report. At the same day, will also arriving the latest numbers on wholesale inventories from commerce department.
With a phase one trade deal signing between the US and China looking priced in for stocks and Middle East tensions more in the rearview mirror and investors seem to be going back to fundamentals.
From Asia, Japan reported its household spending fell 2.0 percent in November from a year earlier. While, China urged Indonesia to exercise calm after Jakarta announced it has deployed fighter jets and warships to patrol islands near the South China Sea. The military deployment was timed with Indonesian President Joko Widodo’ visit to the islands.
Yesterday, Indonesian Rupiah touched the strongest level since June 2018, as investors returned to risk assets a day after the Iranian missile attack on US military facilities in Iraq. The local currency strengthening 0.33 percent to 13,854 versus US dollar. Other instrument, the Jakarta Composite Index (JCI) also closed up 0.78 percent to 6,274.49.
On Friday, the analysts predicted Rupiah will strengthen by moving in the range of 13,800 to 13,860 compared to Greenback. While the stock index is estimating between 6,253 – 6,340 compared to yesterday.
Stocks to be watch for today are PT Astra Agro Lestasri Tbk (IDX: AALI), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT London Sumatera Plantation Tbk (IDX: LSIP), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Chandra Asri Petrochemical Tbk (IDX: TPIA), PT Barito Pacific Timber Tbk (IDX: BRPT), PT Bumi Serpong Damai Tbk (IDX: BSDE), PT Puradelta Lestari Tbk (IDX: DMAS), PT Lippo Karawaci Tbk (IDX: LPKR), PT Semen Indonesia Tbk (IDX: SMGR), PT Summarecon Agung Tbk (IDX: SMRA), PT Ace Hardware Tbk (IDX: ACES), and PT AKR Corporindo Tbk (IDX: AKRA).
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia