|Bid||26.50 x 4000|
|Ask||27.74 x 1800|
|Day's Range||26.58 - 26.79|
|52 Week Range||20.88 - 27.74|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.80|
|Expense Ratio (net)||0.59%|
In his second term, the president must decide how hard to push for looser labor laws or link wages to productivity. If he doesn’t, the country could lose manufacturing jobs to Vietnam and the Philippines. If he does, he could lose his job.
After India kicked off the world's largest exercise in democracy last Thursday, on Wednesday it is Indonesia's turn. The largest Muslim-majority nation is taking part in the world's largest direct election of a president. Indonesia, with just the 193 million voters compared with India's 900 million, has no electoral-college complexities like the United States, and appoints its president straight into office.
Reelected by a wide margin, the popular president must now try to pass difficult labor laws and loosen state controls on business if he wants to win over skeptical investors. Is he willing to go that far?
Indonesia markets and country-specific ETFs rallied Friday on a new data that revealed a surprise trade surplus last month. Among the top performing areas of the market on Friday, the iShares MSCI Indonesia ...
The sharp global rally left Indonesia country-specific exchange traded funds in the dust after Credit Suisse Group AG downgraded Indonesian equities to a sell rating in anticipation of a weak phase ahead. ...
In a second term, the president can address infrastructure and tax issues that could spur more economic growth and a stronger market.
Freeport-McMoRan’s Q4 Earnings: The Word on Wall Street(Continued from Prior Part)Freeport-McMoRan’s rally As of January 18, Freeport-McMoRan (FCX) stock had risen 21.8% this year. Of the 23 analysts covering the stock, seven have assigned it
Few if any emerging markets were spared in last year's bloodbath. The 2018 decline of 15.3 percent for the MSCI Emerging Markets Index ensnared a slew of developing economies from Asia to Latin America ...
Asian markets were among the worst off in 2018 as trade tensions, U.S. interest rate hikes and China’s deleveraging policies sent investors running. However, now that the dust is settling, investors may ...
Indonesia country-specific ETFs were among the leaders on Thursday as traders hoped that a resolution to trade negotiations between the U.S. and China would help bring global trade back. On Thursday, the iShares MSCI Indonesia ETF (EIDO) rose 1.9% and VanEck Vectors Indonesia Index ETF (IDX) gained 2.3%. The emerging Asian market has been pummeled especially hard as investors exited emerging markets, due to the country’s perceived vulnerability from its reliance on global trade with its current account deficit and need to import oil.
Two neighboring emerging market stock exchanges have outperformed in late 2018. Explore several trading ideas using country-focused ETFs.
Indonesia wants to move its capital, wholesale, to a city on the island of Borneo. Three propositions identifying three different cities as potential new capitals, all in the Indonesian state of Kalimantan, now sit on the president's desk. What investors need to know is that Indonesian construction companies would stand to benefit massively from a raft of government contracts to build a capital city from scratch.
How welcome foreign visitors really are in Indonesia is a good question. It's the inaugural Indonesian event for the Washington-based ULI, which has big plans for expansion here and in Asia. The event and my research give me a great idea of where investors think markets are headed in Asia in the year ahead.
In the previous article, we learned what analysts are projecting for Freeport-McMoRan’s (FCX) third-quarter earnings results. In this article, we’ll look at the key updates the markets might be expecting on Freeport’s third-quarter earnings call. Grasberg concerns have dominated Freeport’s earnings calls for the last several quarters.
Indonesia country-specific ETFs plunged Wednesday on an intensifying rout in the emerging markets, with Indonesia's equity market experiencing its worst sell-off in almost two years, forcing authorities to step in to support its local currency and debt markets. President Joko Widodo blamed “a barrage of external factors” for the rupiah currency's depreciation to 20-year lows and argued for an immediate increase in investment and exports to contain the current account deficit, Reuters reports. “There are only two key (things) - investments must continue to increase and exports must also increase so (we) can resolve the current account deficit,” Widodo said in comments posted on the cabinet secretary’s web page.
For the fourth time in the last three months, Indonesia raised its interest rates 25 basis points to 5.5% amid the economic crisis in Turkey in conjunction with the devaluing Indonesian rupiah. "The reason for the rate hike is to maintain the attractiveness of our domestic financial market, in that we want yields... to remain attractive despite rising risk premiums and that could trigger inflows," said BI Governor Perry Warjiyo. In the meantime, the economic doldrums in Indonesia have been reflected in corresponding ETFs, such as the iShares MSCI Indonesia ETF (EIDO) and the VanEck Vectors Indonesia ETF (IDX) .
In July, Freeport-McMoRan (FCX) announced a “Heads of Agreement with the Indonesian state-owned enterprise PT Indonesia Asahan Aluminium (Inalum) and PT Freeport Indonesia’s (or PT-FI) joint venture partner Rio Tinto.” Under the agreement, Rio Tinto (RIO) would receive $3.5 billion from Inalum for its 40% stake in PT-FI. Freeport-McMoRan will receive $350 million for roughly a 5.5% stake in PT-FI.
Multiple key Asian economies released their Purchasing Managers' Index data for July this week. Most countries noted diminished production during the month, but why was this the case? Let's take a closer look.
Freeport-McMoRan (FCX) is slated to release its Q2 2018 earnings on July 25, conducting its earnings call the same day. In the previous article, we discussed analysts’ projections for Freeport’s second-quarter earnings. In this article, we’ll look at what markets might watch for in Freeport’s earnings call.
Emerging market stocks, especially those tracking emerging Asia and related ETFs, were struggling to find their footing Thursday as uncertainty surrounding the U.S. trade policy fueled ongoing volatility. ...