Students Rally - Photo: Privacy

JAKARTA (TheInsiderStories) – Good Morning! Indonesian student planned to stage another massive rally, asking President Joko Widodo to resign from his position. Its predicting thousands of students will gathered today at the House of Representative office in central Jakarta.

At the same day, the parliament planned to approved some new laws and Bank Indonesia to announced money supply data. On Tuesday, Statistic Indonesia will release the inflation and tourism data in September.

Last month, the country’ inflation stood at 0.12 percent. While annual inflation rate increased to 3.49 percent in August from 3.32 percent in the previous month, and the inflation within January-August was 2.48 percent. This was the highest inflation rate since December 2017.

On Friday, the central bank will release the consumer survey data. Globally, the week ahead starts with Purchasing Managers Index (PMI) surveys and ends with the United States (US) monthly employment report, providing a wealth of data for markets to digest and gain insight into economic trends at the end of the third quarter.

This morning the Constitutional Court will hold a preliminary trial of judicial review on the Corruption Eradication Commission Law challenged by students from various universities. Represented by an advocate Zico Leonard Djagardo Simanjuntak, some 18 students submitted the suit as they considered the law defective formally and materially, albeit it has not been inked by President Joko Widodo and enacted in the state gazette yet.

The PMI surveys will provide key signals of worldwide growth, inflation and hiring trends at the end of the third quarter. The numbers will be especially eagerly awaited as policymakers at many central banks, including the Federal Reserves, have become increasingly concerned over the global economic environment.

Form US, final PMI releases and non-farm payrolls data will be keenly watched for any further insights into monetary policy over the coming months. In Asia, China’ Golden Week means the only data releases are the PMIs, but Japan in particular sees a wealth of key indicators ahead of the impending sales tax rise.

Escalating protests will draw focus to the September PMI update for Hong Kong, which provides a complete view of third quarter GDP performance. Recent PMI results are broadly indicative of the economy contracting at an annual rate of around 3%.

While, monetary policy decisions will come from central banks in both Australia and India, with the Reserves Bank of Australia widely expected to ease interest rates. Britain and Spain will announce their quarterly economic growth. Both received the attention of market participants because the economy fell starting below 1 percent.

From United Kingdom (UK), Brexit party leader Nigel Farage said he would run for a seat in Westminster parliament in any upcoming election. With parliament in deadlock over the deal, a new election is widely expected to come before the end of the year.

Last weekend, after briefly starting the discussion the revision of mining law, the parliament dropped the planned after getting protested from the society. At the same day, the House also canceled the ratification of the revision of Water Resources bill.

At the same week, National Army established three new joint regional commands to improve its capacity with potential crises across the archipelago. The Regional Defense Command I oversees Jakarta, West Java, Banten, West Kalimantan, Central Kalimantan and all provinces on Sumatra Island.

The Regional Defense Command II oversees East Kalimantan, South Kalimantan, North Kalimantan, Central Java, East Java, Bali, West Nusa Tenggara, East Nusa Tenggara and all provinces on Sulawesi Island. And Regional Defense Command III oversees Maluku, North Maluku, Papua and West Papua.

On Friday, Indonesian Rupiah closed down 0.11 percent to 14,160 against the Greenback from a day bedore. While, the Jakarta Composite Index dropped 0.54 percent to 6,169.89 compared to prior day. Today the stock index its expecting move in the range  6,056 – 6,278.

The shares to be watch are PT Astra Intenational Tbk (IDX: ASII), PT Telkom Indonesia Tbk (IDX: TLKM), PT Jasa Marga Tbk (IDX: JSMR), PT Kalbe Farma Tbk (IDX: KLBF), PT Gudang Garam Tbk (IDX: GGRM), PT HM Sampoerna Tbk (IDX: HMSP), PT Bank Central Asia Tbk (IDX: BBCA), and PT Bank Negara Indonesia Tbk (IDX: BBNI).

May you have a profitable week!

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