JP Morgan Upgrades Indonesia
JP Morgan Chase & Co upgraded the assessment of Indonesia stock market and raised the view of Indonesian equities a level up to “neutral” in a report saying that volatility in emerging market bonds should now come down after the US election in November. The upgrade occured after Indonesia government cut ties with JP Morgan.
“JP Morgan Chase & Co upgraded the assessment of Indonesia stock market and raised the view of Indonesian equities a level up to “neutral””
Indonesia has welcomed JP Morgan’s new assessment. Previously the Finance Minister had said that it would stop using JP Morgan as a primary dealer and underwriter for sovereign bonds. The recommendation is now more in line with the fundamentals according to the Coordinating Minister for Economic Affairs Darmin Nasution.
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JPMorgan Chase (NYSE: JPM) is one of the oldest financial institutions in the United States. With a history dating back over 200 years, here’s where we stand today:
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