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Tame US Job Growth Expected in Approach to Fed Meeting

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Employers in the US showed little enthusiasm to take on workers during August, and the unemployment rate probably ticked up to an almost four-year high, adding to evidence of a more subdued labor market.

Economists project about 75,000 jobs were added, based on the median of a Bloomberg survey, while the jobless rate is seen at 4.3%. Four straight months of sub-100,000 payrolls growth would mark the weakest such stretch since the onset of the pandemic in 2020.



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Indonesia Protests: Prabowo Calls for Firm Action as Unrest Escalates

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Indonesian President Prabowo Subianto ordered the police and military to take firm action against unlawful acts, following days of violent protests over rising living costs and inequality that have left at least three people dead, buildings torched, and officials’ homes looted.

In a televised address on Sunday, Prabowo instructed security forces to crack down on the unrest, which has escalated into some of the worst street protests since he took office 10 months ago.



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Indonesia to Revoke Lawmaker Allowances That Triggered Protests

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The Indonesian parliament will revoke hefty allowances and place a moratorium on overseas visits by lawmakers, which were flash points in the week of protests that have rocked the Southeast Asian nation.

Political parties are also taking firm action against their erring members, including revoking their membership in parliament, effective September 1, President Prabowo Subianto said in a televised address on Sunday.



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Indonesia, Thai Stock Market Outlooks Buffeted by Political Risk

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Intensifying protests in Indonesia and the latest leadership upheaval in Thailand are ratcheting up political risk in the two largest emerging stock markets in Southeast Asia.

Indonesia’s equity benchmark slid 1.5% on Friday, the biggest decline in the world among national gauges tracked by Bloomberg. Thailand’s 1.1% equity market retreat the same day also placed it among the most notable laggards.



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