A money changer holds Indonesian rupiah notes in Jakarta. Picture: REUTERS
US stocks closed lower on Wednesday weighed by a drop in healthcare equities. Disappointing purchasing managers’ data from Europe also weighed, as investors gauged the impact on global growth. “Expectations of policy continuity and, more importantly, implementation of much needed reforms to lift GDP growth and improve infrastructure” lifted the rupiah, said analysts at Commerzbank. “The markets are pricing in an optimistic scenario over the next five years. The fact is that it is now or never for the technocrats to convince the president to implement the difficult but necessary reforms.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: Disappointing mining data weighs on sector’s sharesGlobal growth concerns and poor local data conspire to pull the JSE lower
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Currency Crisis Claims Another Strongman as Sudan’s Bashir FallsFor autocratic leaders seeking lessons from the toppling of Sudanese President Omar al-Bashir, avoiding a currency crisis may be the key to survival. And is about to endorse one. Or not.
Source: dailymaverick - 🏆 3. / 84 Read more »
Oil price slips as analysts expect stocks to have risenWhile Opec supply cuts have lifted oil more than 30% in 2019, gains have been limited by worries that slowing economic growth could weaken demand for fuel
Source: BDliveSA - 🏆 12. / 63 Read more »