Indonesia’s Jakarta Composite Index rose 0.40% to 5,050.43 on Friday, although it was down 0.13% for the week. The rebound was supported by October reserve growth, stronger-than-expected third-quarter GDP growth, and lower global oil prices; investors were also watching an upcoming MSCI index review.
Lower oil prices can ease imported energy costs and support Indonesian market sentiment, while the MSCI review could bring volatility to financial flows. The article does not identify a direct feed-commodity supply or demand change.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.