Stocks jumped Thursday, joining a global rally on hopes Europe is heading toward a solution to its debt crisis.
The Dow Jones Industrial Average surged 339.51 points, or 2.9%, to 12,208.55, reclaiming the 12,000 level for the first time in three months, as European leaders hashed out an eleventh-hour agreement to address the fallout from Greece's debt woes.
A report showing U.S. growth accelerated in the third quarter also helped buoy sentiment. The blue-chip index, as quoted by WSJ.com, put in its best daily performance in more than two months, following a wider global rally. European stocks, commodity prices and the euro all surged. The euro staged its biggest one-day gain in almost 10 months, and investors piled into "junk" bonds, while Treasurys fell to three-month lows.
What about Indonesia stock today? Here are stock recommendations as provided by Bisnis Indonesia today:
Minna Padi Investama:
Jakarta Composite Index (JCI) is estimated to break a resistance level of 3,822 today. Several stocks to watch: HRUM, BORN, INDF. Yesterday, the JCI gained 1.99% to 3,813.
The index technically may move within the range of 3,780-3,850 today. Several stocks to monitor ITMG, ASII, PTBA, and BBRI.
The JCI may continue its gain and move within the range of 3,751-3,850. Several stocks to watch: ITMG, GJTL, and HRUM.
Disclosure: No position at the stock mentioned above.
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