WTI rises as Trump’s threats strikes on Iran

WTI rises as Trump’s threats strikes on Iran

West Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $79.20 per barrel during the Asian hours on Wednesday. Crude oil prices have climbed following threats from US President Donald Trump regarding additional military strikes on Iran. This escalation comes after the reinstatement of a US blockade against Tehran […]

S&P support offset by Rupiah headwinds – Commerzbank

S&P support offset by Rupiah headwinds – Commerzbank

Commerzbank’s Dr. Henry Hao and Moses Lim note S&P Global Ratings affirmed Indonesia’s BBB sovereign rating with a stable outlook, citing fiscal discipline and adherence to the 3% deficit ceiling. Nonetheless, S&P views recent fiscal and external deterioration as temporary but flags higher bond yields and weaker Indonesian Rupiah (IDR) as headwinds. USD/IDR rose toward […]

Supported by ratings yet constrained against US Dollar – OCBC

Supported by ratings yet constrained against US Dollar – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong note that S&P’s affirmation of Indonesia’s BBB/A-2 ratings with a stable outlook is mildly supportive for the Indonesian Rupiah (IDR) by removing immediate downgrade risk. However, they caution that IDR gains may be limited without clearer fiscal consolidation and better capital flows, while the recent rebound in […]