Market Pulse: Repeating a History of Vultures
For all the commotion it has caused, the Freeport-McMoRan case against the Indonesian government, has not affected financial markets. Granted, this will be a long fight and, even more so, if it requires international arbitrage at the end. Therefore, in the coming weeks, the rupiah exchange rate and stock prices will be more influenced by the possibility of Fed rate hikes or slowly rising oil prices.
February 28, 2017
For all the commotion it has caused, the Freeport-McMoRan case against the Indonesian government, has not affected financial markets. Granted, this will be a long fight and, even more so, if it requires international arbitrage at the end. Therefore, in the coming weeks, the rupiah exchange rate and stock prices will be more influenced by the possibility of Fed rate hikes or slowly rising oil prices.
However, for the medium to long-term, it is a di
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