The fading of the US inflation effect and a lack of new sentiments affect Wall Street to weaken. As for Brainard’s signal that the Fed might slow the pace of FFR hikes and hold the Wall Street pressure. Market movements earlier in the week ahead of the producerlevel inflation data that will release on Tuesday local time. Based on a Bloomberg survey, the PPI of US Final Demand Oct. is projected to be at the level of 8.3% YoY (Vs. Sept. 8.5% YoY).
WIKA: Face IDR 27.96 Billion Loss. PT Wijaya Karya Tbk (WIKA) recorded a loss attributable to owners of the parent entity worth IDR27.96 billion, in contrast to the 3Q21 period, which recorded a profit of IDR107.36 billion. Additionally, 3Q22 net revenue rose by 9.81% to IDR12.79 trillion compared to the same period in the previous year, IDR11.64 trillion. (Emiten News)
The Government Targets to Reduce Carbon Emissions by Up to 32%. Through the Ministry of Energy and Mineral Resources, the government conveyed that the target of reducing carbon emissions is up to 32% by 2030. Minister of Energy and Mineral Resources, Arifin Tasrif, said that the government continues to be committed to keeping the global average temperature increase below 1.5 degrees Celcius following the agreement stated in the Paris Agreement in 2015. (Kontan)
Wait and See ahead of Trade Balance Data. Based on a Bloomberg survey, Indonesia’s Trade Balance Oct. is projected to record a surplus of +USD4.5 billion (Vs. Sept. +USD4.9 billion) as exports are projected to grow lower or 13.5% YoY (Vs. Sept. 20.3% YoY), but with Imports growing higher by 24% YoY (Vs. Sept. 22% YoY) in the same period.
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