The Indonesian Stock Exchange (BEI) Composite Stock Price INDEX (IHSG), Monday (7/10) is expected to move volatile with the release of domestic and foreign economic data for the next week.
JCI opened down 2.42 points or 0.03 percent to 7,493.66. Meanwhile, the group of 45 leading shares or the LQ45 index fell 0.61 points or 0.07 percent to 929.11.
“In the next week, the Indonesian financial market is also expected to remain volatile in response to the large amount of data that will be released from within and outside the country, starting from inflation in the United States (US) to the minutes of the Federal Open Market Committee (FOMC) meeting,” said the Lotus Research Team. Andalan Securities in its study in Jakarta, Monday (7/10).
Domestically, Bank Indonesia (BI) will announce foreign exchange reserves for the period September 2024, and continuing on Tuesday (8/10/2024), BI 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 (10/10/2024), the US will release Consumer Price Index (CPI) data for the period September 2024 and will continue with the Minutes of the Federal Open Market Committee (FOMC) Meeting Minutes, to discuss US monetary policy, so that investors get an indication of the outcome of future interest rate decisions. (Ant/D-3)
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