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Indonesia: Indonesia Stock Market & Rupiah: Stocks Rally in Post-Brexit Reality
Indonesia: Indonesia Stock Market & Rupiah: Stocks Rally in Post-Brexit Reality
Tue, 12 July 2016 – In the post-Brexit reality, stocks have been performing well, worldwide, with the exception of the week of 4 July when markets were hit by profit-taking amid heightened concern about the world’s economic fundamentals. Apart from that week (when Indonesian markets were closed for a public holiday) stocks have been rallying, fueled by optimism about monetary stimulus from key central banks. So far this week, gains in worldwide stocks reappeared, fed by a positive (but not too positive) US jobs report and the prospect of more stimulus from central banks.
Emerging market stocks climbed to a near three-month high on Tuesday (12/07), following the impressive performance of Wall Street, where the Standard & Poor’s 500 index closed at a record high on Monday (11/07), while the Dow Jones industrial Read More?