The Today's Headlines section of Indonesia Investments is a regularly updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines cover political, economic and social matters. As a consequence of their recent nature, these topics may not have crystallized fully yet and can, therefore, lack a profound analysis. For publications with a more in-depth understanding of subjects, we refer you to our News, Financial or Business columns.
The price of gold remains above the level of USD $1,250 per troy ounce amid the negative sentiments that have depressed the US dollar as the market is in wait & see mode ahead of the Federal Reserve meeting on July 25-26, 2017.
Rubber prices fell sharply on Monday morning (24/07), in line with the strengthening Japanese yen. The price of rubber (December 2017 delivery, the most active contract on the Tokyo Commodity Exchange), had slid 2.33 percent to 209.50 yen per kilogram (kg) at 10:28 am local Jakarta time.
Shares of Tiga Pilar Sejahtera Food, the Indonesian food manufacturer and distributor that is plagued by a scandal, shows a volatile performance on Monday (24/07). After having plunged 24.92 percent to IDR 1,205 a piece on Friday, its shares continued to tumble after markets opened on Monday. It fell to IDR 905 per share shortly after opening. However, after about 40 minutes it started to show a great recovery.
Indonesia's benchmark Jakarta Composite Index is expected to be under pressure on Monday (24/07) as markets await the release of corporate earnings reports (for example Amazon.com Inc, GlaxoSmithKline Plc and Credit Suisse Group AG will release their earnings this week) as well as the Federal Reserve meeting on Wednesday (26/07). The Fed is expected to keep its monetary policy unchanged but investors will be looking for clues about the timing of the unwinding of the balance sheet.
