Headquarters of Federal Reserves - Photo by the Central Bank Office

JAKARTA (TheInsiderStories) – Good Morning! Yesterday, the Federal Reserves (Fed) Bank of New York added US$75 billion fresh funds to the financial system. The central bank using the market for overnight repurchase agreements to relieve funding pressure in money markets.

Its reported banks asked the Fed for about $92 billion in overnight reserves, offering collateral in the form of Treasury and mortgage securities. In weeks the central bank has injected $353 billion for the monetary operations.

Still from United States (US), President Donald Trump and Japanese Prime Minister Shinzo Abe signed a limited trade deal that cuts tariffs on American farm goods, Japanese machine tools and other products while further staving off the threat of higher US car duties. Trump said the deal would open up Japanese markets to some seven billion US Dollars worth of American products annually, cutting Japanese tariffs on US’ beef, pork, wheat and cheese.

From Asia, Iran is willing to give reassurances on not seeking nuclear arms and accept changes to its 2015 nuclear accord if Washington returns to the deal and lifts sanctions. In his remarks at the United Nations, United States (US) President Donald Trump punched and extended an olive branch to Iran.

He also threatening more sanctions to Iran even as he signaled his willingness to talk. The comments were part of a series of mixed messages on Iran, as French’ president Emmanuel Macron and other US’ allies pushed hard for the Trump administration and Iran to engage in dialogue.

In Indonesia, the government and parliament start the discussion of the new capital city law followed the government planned to move from Jakarta to Penajam Passer Utara and Kutai Kertanegara. The government need to change the bill to implement the program.

President Joko Widodo government aimed to make create standard procedure for investment permit. The country also prepared an Omnibus Law to streamlining the number of laws that hamper the investment. The government has identified 74 laws that must be revised through the Omnimbus Law.

Followed the student rallies around the archipelago, Indonesian legal aid organizations plan to file a pretrial suit for police violence against protesters on several bills that were considered to threaten the country’ democracy. To date, the agency has recorded that at least 232 people were injured in various regions, and 143 were arrested and detained by the Jakarta police.

Earthquake with magnitude 6.8SR hit Northeast Ambon, in Maluku with epicenter 10 kilometers. The analysis shows that this earthquake occurred on land with a maximum intensity of VII – VI MMI.

This value indicates strong shock and the possibility of causing damage to buildings that are not earthquake resistant. Latest damage report from the National Disaster Management Authority on cracked bridge in Ambon and Pattimura University building was slightly damaged.

On Wednesday, Indonesian Rupiah closed down 1.26 percent to the level of Rp14,150 compared to the American Dollar. While the Jakarta Composite Index closed up 0.14 percent to level 6,146.

Market data showed, foreign investors posted net selling Rp993.94 billion (US$70.49 million) on the regular market. The large amount of foreign funds that came out also caused the stock index’ has fallen sharply over the past few days.

For today, the analysts recommended PT Bank Central Asia Tbk (IDX: BBCA), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Indocement Tunggal Prakarsa Tbk (IDX: INTP), PT Semen Indonesia Tbk (IDX: SMGR), PT Astra International Tbk (IDX: ASII), PT Adaro Energy Tbk (IDX: ADRO), PT Kalbe Farma Tbk (IDX: KBLF), and PT Tower Bersama Infrastructure Tbk (IDX: TBIG) stocks to be watch.

US$1: Rp14,100

May you have a profitable day!

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