The Dow Jones Industrial Average dropped 207 points, or 1,7%, to 11,706.62 yesterday. The losses snapped a three-day winning streak in which the blue-chip Dow rose more than 400 points. The action followed reports that a Wednesday meeting of EU finance ministers was canceled, although a scheduled summit among European leaders seeking a way out of the debt crisis is still planned.
The scotched meeting, as quoted by WSJ.com, increased concerns about whether Europe will be able to sign off on a plan to recapitalize euro-zone banks, beef up the euro zone's bailout fund and restructure Greece's debt. How about Indonesia stock market today? Bisnis Indonesia provides stock recommendations from brokerages:
Jakarta Composite Index (JCI) is still volatile today. The movement will be affected by the third quarter result of companies. The index may move within the range of 3,679-3,735. Several stocks to monitor: PTPP, LSIP, and BBKP.
The index may move in mixed with potential correction to the range of 3,636-3,735. Several stocks to watch: AKRA, ICBP, and KAEF.
Disclosure: No position at the stock mentioned above.
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