Rapidly rising US stock futures and a sell-off in the bond market. These are the results of an impressive US jobs report, released by the US Labor Department on Friday morning (American time) or evening (Indonesian time). The US economy added 313,000 jobs in February 2018, the highest increase since October 2015. A huge rise in construction jobs was one of the key supporting factors. Meanwhile, the US unemployment rate stayed at 4.1 percent for a 5th straight month.

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Saptono Adi Junarso, Executive Vice President Head of Privatization at the Indonesia Stock Exchange, confirmed that three state-owned companies are preparing their initial public offering (IPO) on the Indonesia Stock Exchange. These three companies are Wijaya Karya Realty, Tugu Pratama Indonesia, and Bank BRI Syariah.

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On Thursday evening (08/03) Washington time, South Korea's national security adviser Chung Eui-yong announced - at the White House - that North Korea's belligerent leader Kim Jong Un invited US President Donald Trump for talks. Trump accepted the invitation and both parties are expected to meet by May 2018. It would be an unprecedented move as a sitting US president has never met a North Korean leader.

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Based on the Bloomberg Dollar Index the value of the Indonesian rupiah weakened 0.41 percent to IDR 13,816 per US dollar on Thursday (08/03), the currency's weakest position since January 2016, ahead of the release of US non-farm payrolls and US employment data due on Friday (09/03). These data are expected to be strong and therefore pave the way for another Fed Funds Rate hike in March 2018.

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