JAKARTA (TheInsiderStories) – Good Morning! United States’ (US) President Donald Trump and his counterpart from China, President Xi Jinping, will sign the “phase one” of trade deal in this mont. Now, both officials were in close contact to finalize the agreement.
The two countries have exchanged blows for more than a year, on Friday announced a mini-agreement to reduce some levies in a bruising trade war that has dragged on global growth. Beijing has released a list on Dec. 18, the products that will no longer be subject to the tariffs.
The exemptions will come into force from December 26 until December 25 next year, according to a statement from the Customs Tariff Commission of the State Council.
In Indonesia, President Joko Widodo will lead a limited cabinet meeting to finalize the Omnibus Law draft before sending to parliament. He wants the final draft delivers to the House early January.
Then, Bank Indonesia and the ministry of finance will hold a media briefing on the implementation of an integrated real-time foreign exchange monitoring system. From the capital market, PT Garuda Indonesia Tbk (IDX: GIAA) holding an investor meeting this morning.
Yesterday, Indonesian Rupiah depreciated 0.01 percent 13,960 a US dollar. And, the Jakarta Composite Index (JCI) closed up 0.21 percent to 6,319.44 compared to prior day.
The analysts rated, the market optimism about trade relations between the two largest economies still supporting the strengthening of the local currency and the stock index. They adds, after the Christmas holiday the market still quiet.
In addition, the investors is also preparing to experience other uncertainties after British’ Prime Minister Boris Johnson, made a rule not to extend the Brexit negotiations with the European Union. They predicted the Rupiah move in a limited range between 13,940 to 13,990 over the Greenback and the JCI has tendency to weaken in the range 6,265 – 6,350
Shares that are still quite attractive, according to them are PT London Sumatera Plantation Tbk (IDX: LSIP), PT Waskita Beton Precast Tbk (IDX: WSBP), PT Bank Permata Tbk (IDX: BNLI), PT Adaro Indonesia Tbk (IDX: ADRO), PT Media Nusantara Citra Tbk (IDX: MNCN), and PT Bank Central Asia Tbk (IDX: BBCA).
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia