Market Pulse
A Belated And Non-impactful S&p Positive Outlook
In normal times, markets usually respond in a measured and rational way. But when Standard & Poor's (S&P) on Thursday last week raised Indonesia's outlook from stable to positive, investors treated it as another ordinary day. Jakarta Composite Index did not budge, just up 0.4 percent that day. rupiah also hardly moved, up to Rp13,136 per US dollar from Rp13,150 the day before.
May 26, 2015
A Belated And Non-impactful S&p Positive Outlook
In normal times, markets usually respond in a measured and rational way. But when Standard & Poor's (S&P) on Thursday last week raised Indonesia's outlook from stable to positive, investors treated it as another ordinary day. Jakarta Composite Index did not budge, just up 0.4 percent that day. rupiah also hardly moved, up to Rp13,136 per US dollar from Rp13,150 the day before.
Indeed, nothing was t
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