JAKARTA (TheInsiderStories) – President Donald Trump again threatened Iran following strikes on two United States (US) bases in Iraq. Tehran’ Islamic Revolutionary Guard Corps said the firing of ballistic missiles were in retribution for the killing of Iranian commander Qassem Soleimani.
So far Iran’ action rattled financial markets. Oil prices traded sharply lower, reversing a spike higher in the wake of the attack. Nasdaq notched a record close on Wednesday after Trump’ remarks, rose 0.6 percent, S&P 500 gained 0.48 percent, and the Dow Jones Industrial Average climbed 0.56 percent.
While, Canada’ Prime Minister, Justin Trudeau, has spoke with Trump and expressed his condolences for the loss of life in the Ukraine International Airlines plane crash. The two leaders discussed the need for a thorough investigation to determine the cause of this crash.
Both expressed shared concern for the safety of armed forces and diplomatic personnel serving in the region, and noted the limited impact of the Iranian attack on coalition forces on Jan. 7. They also discussed the need for de-escalation and emphasized the importance of continuing support for stability in Iraq and the ongoing fight against Daesh.
Stil from US, the Federal Reserve (Fed) Bank of New York added nearly US$100 billion in short-term liquidity to financial markets. The intervention came in two parts, an overnight repurchase agreement operation totaled $63.9 billion and via a 14-day repo that worth of $35 billion.
While eligible banks took less money from the Fed than it was willing to offer on the overnight operation, demand for the longer-term repo was strong, with dealers offering the Fed $41.1 billion in securities.
From Europe, Presidents of Turkey, Tayiff Erdogan and Russia Valdimir Putin formally launched the TurkStream pipeline which will carry Russian natural gas to southern Europe through Turkey. The project stretching 930 kilometer across the Black Sea.
Both are also coordinating military deployments in northeast Syria. Idlib region and also in the battle for control of Libya. Last month, the US Senate approved a defense bill imposing sanctions related to both TurkStream and Nord Stream 2 after Russian aggression.
On the Brexit issues, president of Euripean Commision, Ursula von der Leyen has met British Prime Minister Boris Johson. The two leaders agreed and share common values and many interests. climate change, human rights and security are just a few areas where cooperation on the global stage will be invaluable.
By the end of this month was a deadline for the country to conclude the Brexit deal. After its exit, London will enter into an 11-month transition period in which it will largely follow European Union rules but will not have any representation in the bloc’ institutions. This period will come to an end on 31 December.
In Indonesia, President Joko Widodo will deliver a directive to the country’ ambassador this morning. Then, minister of energy and mineral resources, Arifin Tasrif and SKKMigas will held a media briefing on 2020 work program. From the capital market, two issuers, PT Bank Amar Indonesia Tbk IDX: AMAR) and PT Cisadane Sawit Raya Tbk (IDX: CSRA) floor today.
On Wednesday, Indonesian Rupiah closed down 0.16 percent to 13,900 a US dollar, amid fears of US – Iran conflict would worsen. The Jakarta Composite Index also dropped 0.85 percent at the level of 6,225.69 compared to previous day.
Today, some analysts rated the two major instrument still in the pressure tense on the global tension. The observers sees the stock index will continue to weaken in the range 6,189 – 6,249.
Shares that can still be observed today are PT London Sumatra Plantaion Tbk (IDX: LSIP), PT CIMB Niaga Tbk (IDX: BNGA), PT Astra International Tbk (IDX: ASII), PT Timah Tbk (IDX: TINS), PT Pakuwon Jati Tbk (IDX: PWON), PT Ciputra Development Tbk (IDX: CTRA), PT AKR Corporindo Tbk (IDX: AKRA), PT Astra Agro Lestari Tbk (IDX: AALI), PT Adhi Karya Tbk (IDX: ADHI), PT Telkom Indonesia Tbk (IDX: TLKM), PT Waskita Karya Tbk (IDX: WSKT), and PT Unilever Indonesia Tbk (IDX: UNVR).
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia