JAKARTA (TheInsiderStories) - Good Morning! Today, finance minister, Sri Mulyani Indrawati, will attend the plenary meeting House of Representatives with the agenda the decisions on the 2021 State Budget and the Stamp Duty Bill. While, President Joko Widodo will inaugurate the Manado - Bitung Toll Road in North Sulawasi from the Bogor Palace.
From United States (US), Donald Trump faces his election opponent Joe Biden in the first of three televised debates starting today. The two are expected to face questions about everything from healthcare policy to national security and immigration.
Trump may also face questions about his taxes after The New York Times published on Sunday, based on two decades of data he did not pay taxes for years and only paid $750 the year he was elected. While, House speaker. Nancy Pelosi, said Democrats were pushing ahead with the US$2.4 trillion health aid deal and some consumer confidence and home price data are due out.
From Europe, the European Union (EU) negotiator, Michel Barnier, have signaled that they are willing to begin work on a joint legal text of a trade agreement or known as a “consolidated legal text” with the United Kingdom. He expects Britain’ chief negotiator, David Frost, to provide more details of fishing quotas and the government’s future subsidy policy.
The kingdom left the EU last January and is locked in negotiations on a new trade deal from 2021. The trade talks will resume in Brussels on Tuesday until Friday morning.
Still from Europe, fighting between Armenian and Azerbaijani forces over the conflict on the small Nagorno - Karabakh region has killed 80 people and is likely to disrupt the energy production and supply from the region. Azerbaijan is the world’ 24th largest producer of crude oil and an important producer of natural gas.
Both of them account for more than 90 percent of the country’ exports. Azerbaijan currently has three crude oil export pipelines. The largest is the 1,768 km Baku - Tbilisi - Ceyhan pipeline. This route flows crude oil and condensate through Azerbaijan, Georgia and Turkey.
Yesterday, Indonesian Rupiah weakened 0.18 percent to 14,900 per US Dollar and the Jakarta Composite Index (JCI) dropped 0.79 percent to 4,906.55 from last week. According to the analysts, the rising patients in Indonesia make the investors doubtful on the economic growth will continue to contract and recover even longer.
As a resulted, they came out and prefer safe haven assets such as American Dollar and Japanese Yen. In the country, the projection for the Indonesian economy in the third quarter of 2020 is getting worse contraction by 1.1 percent also give a worried to the market.
Base on these various information, they estimate that the Rupiah will move between 14,875 - 14,933 over the Greenback and JCI in the range of 4,816 – 5,070. Shares for today are PT Bank Central Asia Tbk (IDX: BBCA), PT Bank Mandiri Tbk (IDX: BMRI), and PT Bank Rakyat Indonesia Tbk (IDX: BBRI)/
Then, PT Astra Agro Lestari Tbk (IDX: AALI), PT Vale Indonesia Tbk (IDX: INCO), PT Jasa Marga Tbk (IDX: JSMR), PT Semen Indonesia Tbk (IDX: SMGR), PT Adaro Energy Tbk (IDX: ADRO), PT Astra Intenrational Tbk (IDX: ASII), and PT Indofood Sukses Makmur Tbk (IDX: INDF).
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia
