JAKARTA (TheInsiderStories) – Good Morning! New cabinet of Indonesia’ President Joko Widodo and Vice President Ma’ruf Amin will inaugurate today. Yesterday, 34 candidates has been met Widodo and will announce this morning.
The cabinet Widodo – Amin 55 percent fill by professional and technocrat, while others comes from coalition parties plus Gerindra Party. Three parties, Demokrat, Amanat Nasional, and Kesejateraan Sosial become an opposition.
From North America, Justin Trudeau lead Canada again after win the election on Monday. But his party, Liberal only hold minority share at the parliament.
In Chile, JPMorgan Chase & Co. is turning bearish on Chilean stocks as the country’ worst civil unrest in decades compounds the effects of lackluster growth and a grim outlook for an economic overhaul.
From Europe, President Recep Tayyip Erdogan said Turkey reached a “historic” agreement with Russia after a 6-hours meeting with Russian President Vladimir Putin. The deal, he said, would remove Syrian Kurdish militants from a strip of border territory extending along the length of northeast Syria.
Meeting in Sochi, Erdogan said Russian forces would help Turkish forces are operating. He considers the militia a threat due to its links to separatist Kurds on its own territory.
The movement of the rupiah on Tuesday trade (10/22) closed higher again. This condition is believed to continue in the next few days, supported by positive sentiment from the domestic market.
On Tuesday, Indonesian Rupiah closed higher 0.28 percent to 14,041 against the US Dollar but the middle rate of Bank Indonesia appreciated 0.52 percent to the level of 14,058 over the Greenback.
The market response tends to be positive towards several prospective ministers who will enter the new government cabinet for the 2019 – 2024 period, said the analysts. Beside, the investors also waiting for the BI governor board meeting.
This positive sentiment is expected to be continue on Wednesday. They expect the local currency will move between 13,960 to 3,920 per US dollar. While, the JCI move between 6,178,50 to 6.158,17.
The stocks to be watch for today are PT Bank Pembangunan Daerah West Java and Banten Tbk (IDX: BJBR), PT Indocement Tunggal Prakasa Tbk (IDX: INTP), PT Indah Kiat Pulp and Paper Tbk (INKP), PT Bank Negara Indonesia Tbk (IDX: BBNI), and PT Bank Mandiri Tbk (IDX: BMRI).
Then, PT Bank Central Asia Tbk (IDX: BBCA), PT Unilever Indonesia Tbk (IDX: UNVR), PT Gudang Garam Tbk (IDX: GGRM), PT HM Sampoerna Tbk (IDX: HMSP), PT Telkom Indonesia Tbk (IDX: TLKM), PT Astra Internasional Tbk (IDX: ASII), and PT Wijaya Karya Tbk (IDX: WIKA)
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia