Indonesian President Joko Widodo and South Korean President Moon Jae-in will meet today to discuss various bilateral issues - Photo by President Office

JAKARTA (TheInsiderStories) – Good Morning! Indonesian President Joko Widodo and South Korean President Moon Jae-in will meet today to discuss various bilateral issues. Both leaders is also scheduled to attend the Southeast Asian Nations – South Korea Summit at Seoul.

Foreign minister Retno Marsudi, said Widodo and Moon would also witness signing of three agreement such as the Comprehensive Economic Partnership negotiations (CEPA) between the two countries, visa-free for diplomatic and official passport holders and technical cooperation on capital city relocation and development. The head of states also will conduct a working luncheon with selected CEOs from South Korea.

At the same day, state own enterprises ministry will assign Basuki Tjahaja Purnama as chairman of energy holding, PT Pertamina and induct Emma Sri Martini as finance director to replace Pahala Mansyuri. Mansyuri itsel will hold another job as the CEO of PT Bank Tabungan Negara Tbk (IDX: BBTN) together with Chandra Hamzah as the chairman of the state lender.

From the United States (US), Michael Bloomberg announced he run for president to challenge the democrat party’ President Donald Trump. He asserted, he cannot afford four more years of Trump’ reckless and unethical actions and urged American peoples to take action at the next election.

For this week, geopolitical risks remain at the forefront of investors’ minds, meaning trade wars, Brexit, British politics, and escalating tensions in Hong Kong SAR could all steer markets. In addition, the key data releases in the United States (US) and Eurozone, which will help guide policymaking decisions in upcoming December central bank meetings.

While the trade war impact on China will be assessed via fresh PMI and profits data. In the US, all economic data will be eyed for clues as to whether the Dec. 11 policy meeting will see anything other than the Federal Open Market Committee sitting on its hands.

In Europe, a clutch of inflation numbers for the Eurozone, Germany, France and Spain will be eyed for price trends in November ahead of Christine Lagarde’ first European Central Bank Governing Council policy meeting on Dec. 12, as will European Commission confidence surveys, which include the German IFO survey.

In Asia Pacific, trade war impact on China will be sought from industrial profits data and the NBS manufacturing PMI numbers, the latter having disappointed markets in October, while GDP data is expected to show a further cooling of India’ economy.

Bank of Korea’ policymakers will meanwhile meet to discuss the need for further stimulus. In Japan, a number of data releases will add insight into the impact of October’ sales tax rise.

On the stock market, PT Unicharm Indonesia will held public expose on the IPO plan, PT Indonesian Infrastructure Finance investor meeting for bond issuance, listing of PT Mulia Boga Raya Tbk (IDX: KEJU) and PT Palma Serasih Tbk (IDX: PSGO) on the Indonesia Stock Exchange, general meeting of PT Atlas Resources Tbk (IDX: ARII), investor meetings of PT Bank BRISyariah Tbk (IDX: BRIS), PT Urban Jakarta Propertindo Tbk (IDX: URBN), and Nusantara Infrastructure Tbk (IDX: META).

On Friday, Indonesian Rupiah closed up 0.16 percent to 14,092 against the US Dollar and the Jakarta Composite Index (JCI) corrected 0.30 percent to 6,100.

On Monday, some analyst sees the local currency will move between 14,080 – 14,110 over the Greenback and the stock index in the range of 6,061 – 6,200. They rated, there are a number of issues that are concern to the market this week like the inflation data after last month at 0.20 percent.

In December the consumer price index is predicted at 0.18 percent and annual rate at 3.04 percent. From global, the trade agreement sentiment between the US and China, Brexit and other global economic data still affected the market.

The shares to be watch for today are PT Mulia Boga Raya Tbk (IDX: KEJU), PT Palma Serasih Tbk (IDX: PSGO), PT Atlas Resources Tbk (IDX: ARII), PT Bank BRISyariah Tbk (IDX: BRIS), PT Urban Jakarta Propertindo Tbk (IDX: URBN), Nusantara Infrastructure Tbk (IDX: META), and PT Erajaya Swasembada Tbk (IDX: ERAA).

Then, PT Bank Danamon Tbk. (IDX: BDMN), PT Jasa Marga Tbk (IDX: JSMR), PT Barito Pacific Tbk (IDX: BRPT), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Bank Central Asia Tbk (IDX: BBCA), PT Bank Mandiri Tbk (IDX: BMRI), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Kalbe Farma Tbk (IDX: KLBF), PT Mayora Indah Tbk (IDX: MYOR), PT Telkom Indonesia (IDX: TLKM), and PT HM Sampoerna Tbk (IDX: HMSP).

May you have a profitable week!

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