JAKARTA (TheInsiderStories) – Good Morning! This week global leaders gathered in New York to attend Annual Meeting United Nation (UN). Vice President of Indonesia, Jusuf Kalla has arrived at the UN Headquarters to joint the meeting and will hold several bilateral meetings.
The 74th UN General Assembly 2019 will be attended by 100 heads of state and government, three representatives of state leaders, 47 prime ministers, three ministers, two delegation leaders, and 193 representatives from the organization’ member countries. The first day of the high-level General Debate will be on Tuesday (24/9).
From Washington, United States (U and Chinese official to lay the groundwork for higher-level negotiations scheduled for early October on Thursday and Friday. But those talks likely won’t yield the progress investors hope to see, Steil warned.
While, a busy week ahead includes flash Purchasing Manager Index surveys, updates on US’ GDP and consumers, plus some key central bank speeches and policy decisions in the Asia Pacific region. Brexit worries, oil prices and trade wars are of course likely to also dominate markets.
Flash PMI surveys for key economies will provide an important steer on global economic conditions at the end of the third quarter. Guidance on whether more Federal Reserves rate cuts are on the cards will be provided by flash US PMI numbers. Updated second quarter US’ GDP data will also help ascertain whether recent economic trends have matched policymakers’ expectations.
In Asia, flash PMI data for Japan will be important to watch as the country heads towards a sales tax rise. Then, Australian flash PMI and a central bank speech will likely provide further clues as to whether more stimulus is likely from the Reserve Bank of Australia.
Moreover, China’ profits and rate decisions in the Philippines, New Zealand and Thailand will also be watched for appetite for further stimulus amid the global slowdown. In the country, Bank Indonesia will release Indonesia’ International Investment Position in second quarter of 2019 on Sept. 27.
Followed the government and parliament moves to release various revision law on Criminal Code, Anti-graft, parliament, and others, today some elements will protest on the decision. As scheduled, tomorrow, the parliament will make a decision on the Criminal Code.
At the same day, Budget Committee of the House plan to complete the 2020′ State Budget with the government. As known, the both parties has agreed to finalize the budget law this month.
Last weekend, Indonesian Rupiah closed down 0.08 percent to 14,055 per US dollar and the Jakarta Composite Index rose 1.63 percent to 6,231.47 compared to the last week end. Today, the negative sentiment from domestic and global is estimating bring the two major indices in the red zone areas.
Here are some of the stocks to be watch for today, PT Bank Danamon Tbk (IDX: BDMN), PT Bukit Asam Tbk (IDX: PTBA), PT HM Sampoerna Tbk (IDX: HMSP), PT Barito Pacific Tbk (IDX: BRPT), PT Gudang Garam Tbk (IDX: GGRM), PT Telkom Indonesia Tbk (IDX: TLKM), PT Semen Indonesia Tbk (IDX: SMGR), PT Vale Indonesia Tbk (IDX: INCO), and PT Aneka Tambang Tbk (IDX: ANTM).
May you have a profitable week!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia