Indonesia stock market rebounded, but global outlook is negative due to strong U.S. employment data

From Nasdaq: 2025-01-12 20:29:32

The Indonesia stock market rebounded on Friday, with the Jakarta Composite Index gaining 0.34 percent to close at 7,088.97 points. The global outlook for Asian markets is negative after strong U.S. employment data. Wall Street saw major averages plummet on Friday, driven by concerns over interest rates. Oil prices rose on Friday following the Biden Administration’s decision to impose additional sanctions on Russia’s oil exports. West Texas Intermediate Crude oil futures closed at $76.57 a barrel, the highest settlement in three months. The Federal Reserve may hold interest rates steady following the buoyant non-farm payroll data.



Read more at Nasdaq: Indonesia Bourse May Hand Back Friday’s Gains