Good morning and welcome to Markets Desk, your opening bell briefing.
Indonesian equities are riding momentum heading into the new week, with the Jakarta Composite Index posting three consecutive sessions of gains, adding more than two hundred thirty points, or roughly four percent, to push just above five thousand eight hundred seventy five. Regional sentiment appears supportive, and traders are calling for another green open on Monday.
Turning to a story generating significant buzz on Wall Street, analysts are now pricing in greater than an eighty percent probability of a Tesla and SpaceX merger, a prospect that's moved from speculation toward something more structurally plausible following SpaceX's IPO process. The thinking is that a public valuation benchmark makes it far easier to negotiate and price any potential deal between the two Elon Musk enterprises.
And on the single-stock front, Palantir has drawn a fresh Wall Street upgrade despite sitting roughly thirty eight percent below its fifty two week high of two hundred seven dollars and fifty two cents. The question investors are wrestling with is whether that drawdown represents a compelling entry point or simply a correction toward fair value in a name that ran exceptionally hard.
That's the tape. Markets Desk, signing off the floor.
