Higher Open Called For Indonesia Stock Market
(RTTNews) - The Indonesia stock market has moved higher in two straight sessions, advancing more than 130 points or 2 percent along the way. The Jakarta Composite Index now rests just above the 6,525-point plateau and it may see additional support again on Monday.
The GIFT Nifty is signalling a higher open for the Nifty50. According to Business Standard IN, investors are awaiting US Treasury Secretary Janet Yellen's announcement of Iran sanctions, although Hindu BusinessLine reports that Indian stocks may open on a weak note due to mixed global market signals.
Hindu BusinessLine also notes that crude oil prices remain firm, with WTI trading near $86 a barrel, as markets prepare for fresh US sanctions against Iran. The market is expected to be volatile due to persistent tensions in West Asia and elevated crude oil prices.
Asian markets are mixed, with the Indonesia stock market having moved higher in two straight sessions, advancing more than 130 points or 2 percent, and now resting just above the 6,525-point plateau, as reported by Nasdaq Markets.
Brief written by urgent.news from Business Standard IN, Hindu BusinessLine, Nasdaq Markets — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
