JAKARTA (TheInsiderStories) – Good Morning! United States (US) House Speaker from Democrat Party Nancy Pelosi announced a formal impeachment inquiry into President Donald Trump. This plan was taken inline with the plan of the president to open the case of former vice president Joe Bidden over the Ukraine case.
Earlier, Trump confirmed that he had withheld nearly US$400 million in US aid for Ukraine. However, he denied has asked President of Ukraine Volodymyr Zelenskiy began an investigation of his rival Joe Biden, a presidential candidate from the US Democratic Party.
Today, the House plans to vote on a resolution disapproving of the Trump administration’ efforts to block the release of the complaint and the need to protect the whistleblower. Responding on Pelosi’ moves, Trump said that a president harassment.
At the meeting with British’ prime minister Boris Johson in New York, Trump has said it would be “terrible” if Brexit plan was blocked – making the comments hours after an historic ruling against the prime minister by Britain’ top court.
Yesterday, The United Kingdom (UK) Supreme Court ruled that Johnson’ decision to shut down parliament in the run-up to Brexit was unlawful, a humiliating rebuke that thrusts the country’ exit from the European Union (EU) into deeper turmoil.
While, to support Johson, Trump promised to deliver a “magnificent” US-UK trade deal after Brexit. The premier needs a trade deal with the Washington to demonstrate the supposed “opportunities” of Brexit,
In UK, Opposition Labour Party leader Jeremy Corbyn called Johnson to resign. However, he admitted would not press for a new election until he was sure Britain would not leave the EU without a deal.
Following political tensions in the US and UK, US dollar weakened against six major currency, decreased by 0.28 percent. The American dollar weakened 0.48 percent against the yen and with the Franc dropped 0.45 percent.
The dollar was hit again after US economic data in September showed a decline in the consumer confidence. This increased anxiety about the strength of the US economy.
On the other hand, the pound strengthened after the British Supreme Court ruled that Johnson’ decision to suspend parliament for five weeks was unlawful. This makes Britain less likely to leave the EU without a transition agreement.
In Indonesia, today the government and parliament start to discuss the revision of Mining Law. The bill is part of seven demands made by Indonesian students for the government and parliament to be postponed.
At the end of August, the ministry of finance reported the 2019 State Budget deficit stood at 1.24 percent of gross domestic products. This figure is wider than the 2018 state budget deficit in the same period of 1.02 percent.
According finance minister Sri Mulyani Indrawati the widening of deficit was due to the smaller revenue growth compared to spending. Lower than projected revenues were driven by the ongoing weakening of the global economy.
On Tuesday, Indonesian Rupiah dropped 0.21 percent to 14,110 and the Jakarta Composite Index lowered 1.11 percent to 6,137.61 compared to previous day.
The stocks to be watch for today PT Bumi Resources Tbk (IDX: BUMI), PT Barito Pacific Timber Tbk (IDX: BRPT), PT Adaro Energy Tbk (IDX: ADRO), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Telkom Indonesia Tbk (IDX: TLKM), PT Pakuwon Jati Tbk (IDX: PWON), PT Sarana Menara Nusantara Tbk (IDX: TOWR), PT Waskita Karya Tbk (IDX: WSKT), and PT Elang Mahkota Teknologi Tbk (IDX: EMTK).
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia