Home TIS Intelligence Morning Briefing: US’s Senate Starts Trump Impeachment Trial

Morning Briefing: US’s Senate Starts Trump Impeachment Trial

United States (US) senate start the impeachment trial of President Donald Trump - Photo by White House.

JAKARTA (TheInsiderStories) – Good Morning! Starting Thursday, the United States (US) senate start the impeachment trial of President Donald Trump. Members of the body will decide whether Trump should be removed from the office next Tuesday (01/21).

Earlier, the government accountability office, a nonpartisan congressional watchdog, said the Trump administration broke the law when he withheld US security aid to Ukraine. The organization said, that the White House budget office violated the Impoundment Control Act, a 1974 law.

At the same day, Trump threatened the United Kingdom with a 25 percent tariff on its cars unless Boris Johnson’ government officially accused Iran of breaking the 2015 nuclear deal. On Tuesday, three European Union powers triggered a dispute mechanism under the agreement which does amount to a formal accusation against Tehran of violating its terms.

Still from US, Senate approved a revamp of the 26-year-old North American Free Trade Agreement. The agreement includes tougher rules on labor and automotive content but leaves US$1.2 trillion in annual US – Mexico – Canada trade flows largely unchanged.

Until Jan. 12, US consumer confidence advanced to the highest level in more than 19 years on increased optimism about the economy, personal finances and the buying climate to 66 from 65.1. In addition, the comfort index of the buying climate rose last week to 58.

From Asia, Japan reported its private machinery orders (excluding volatiles) rose 18.0 percent in November following four consecutive months of decline. The improvement largely reflected a 27.8 percent increase in orders from non-manufacturers (excluding volatiles) and 0.6 percent rise in orders from manufacturers after three straight months of contraction.

The solid increase in orders from non-manufacturers was due largely to a surge in orders from transportation and postal services (up 146.4 percent), driven by replacement demand for rolling machines in line with substantial damage caused by typhoon Haggis. The modest recovery in orders from manufacturers was due largely to a continued decline in orders form general-purpose and production machinery and drops in orders from electrical machinery and chemical and chemical products, offsetting increases in orders from auto and accessories, other transport equipment, and other groupings.

In the country, coordinating minister for maritime and investment affairs, Luhut Binsar Panjaitan, has scheduled to met Microsoft’ official and met the media to brief the latest information under his ministry. While, coordinating minister for political, legal and security affairs, Mahfud MD, have a meeting with finance minister at noon.

On Thursday, Indonesian Rupiah edged up 0.38 percent to 13,643 versus US Dollar and the Jakarta Composite Index jumped 0.04 percent to 6,286.05 from a prior day. Today the local currency its expecting move in the range  13.615 – 13,690 against the American Dollar and the stock index

The stock to be watch for today area PT Surya Citra Media Tbk (IDX: SCMA), PT Media Nusantara Citra Tbk (IDX: MNCN), PT Kalbe Farma Tbk (IDX: KLBF), PT Wijaya Karya Tbk (IDX: WIKA), PT Barito Pacific Tbk (IDX: BRPT), PT HM Sampoerna Tbk (IDX: HMSP), PT Bank Mandiri Tbk (IDX: BMRI), PT Telkom Indonesia Tbk (IDX: TLKM), PT Matahari Department Store Tbk (IDX: LPPF), PT Gudang Garam Tbk (IDX: GGRM), and PT Sarimelati Kencana Tbk (IDX: PZZA).

May you have a profitable day!

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