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Indonesia approves a busload of reforms
Weekly investor research
12 October 2020
Indonesia approved the 900-page omnibus law aimed at creating jobs and attracting investment. The Chinese renminbi rose sharply after markets reopened following a week-long bank holiday. Ecuador appointed a new finance minister, but maintains the same policies. The economic data continued to surprise to the upside in Brazil and India. Gazprom was fined over Nordstream 2 by Poland. Kyrgyzstanis took to the streets to protest against rigged elections. Turkey issued new debt at expensive levels. The Mexican central bank’s monetary policy committee was divided over further cuts. Fighting re-erupted in Nagorno-Karabach.