The Indonesian Stock Exchange (BEI) Composite Stock Price Index (IHSG) opened down 2.42 points or 0.03% to 7,493.66, on Monday (7/10) morning. Meanwhile, the group of 45 leading shares or the LQ45 index fell 0.61 points or 0.07% to 929.11.
The Lotus Andalan Sekuritas Research Team predicts that today’s JCI will move differently in line with the release of domestic and foreign economic data for the next week.
“In the next week, the Indonesian financial market is expected to remain volatile in response to the large amount of data that will be released from within and outside the country, starting from United States (US) inflation to the minutes of the Federal Open Market Committee (FOMC) meeting,” said the Lotus Andalan Research Team. Securities, Monday.
Also read: JCI has the opportunity to strengthen in positive domestic and global sentiment
Domestically, Bank Indonesia (BI) will announce foreign exchange reserves for the period September 2024. The day after that, the central bank will also release the results of the BI consumer survey regarding the Consumer Confidence Index (IKK) for the period September 2024.
From abroad, increasingly heated geopolitical tensions are one of the main sentiments influencing market conditions. It is feared that the heat of the war will increase global economic uncertainty so that stock markets and currencies could be under pressure.
Crude oil prices strengthened on Friday (4/10/2024), bringing a weekly increase of around 9 percent that was pushed higher by increasingly intense conflicts in the Middle East.
On Thursday this week (10/10), the US will release Consumer Price Index (CPI) data for the period September 2024 and there will continue to be Minutes of the Federal Open Market Committee (FOMC) Meeting Minutes, to discuss US monetary policy, so that investors can get guidance regarding the outcome of future interest rate decisions. (Z-11)
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