Jakarta (ANTARA) \u2013 The Jakarta Composite Index (JCI) on the Indonesia\nStock Exchange (IDX) may trade sideways on Monday as market participants\nmonitor global sentiment.<\/p>\n
After opening higher, the JCI was down 29.49 points, or 0.48 per\ncent, at 6,064.27 at 9.55am Western Indonesian Time. The LQ45 index of\n45 leading shares fell 3.10 points, or 0.52 per cent, to 598.57.<\/p>\n
\u201cTechnically, the JCI is expected to consolidate in the 6,000\u20136,215\nrange this week. However, investors should be alert to the impact of\nrising oil prices and the expansion of the coverage of High Shareholding\nConcentration (HSC) shares,\u201d Phintraco Sekuritas head of research Ratna\nLim said in a market note in Jakarta on Monday.<\/p>\n
Overseas, US President Donald Trump said Russia had agreed to supply\ndiesel fuel to the US market and global markets.<\/p>\n
Meanwhile, the University of Michigan\u2019s consumer sentiment index fell\nto 46.3 in its preliminary October 2026 estimate, its lowest level since\nMay 2026.<\/p>\n
Investors are also watching developments in the Middle East, where\nHouthi attacks on Saudi Arabian airports have reignited geopolitical\ntensions and could push oil prices higher again.<\/p>\n
Market participants are additionally monitoring the annual meetings\nof the International Monetary Fund (IMF) and World Bank in Bangkok,\nThailand, from 12 to 18 October 2026. The meetings are taking place amid\nhigh energy costs and public debt, volatile bond markets and rising\ninterest rates.<\/p>\n
\u201cMarkets will be watching speeches by central bank officials from\naround the world, as well as the release of the IMF\u2019s latest World\nEconomic Outlook on Tuesday (13 October),\u201d Ratna said.<\/p>\n
In the US, investors will focus on the Consumer Price Index (CPI) and\nProducer Price Index (PPI), both due this week. Several major US\ncompanies will also begin reporting their third-quarter 2026\nresults.<\/p>\n
Domestic sentiment is expected to be relatively limited this week,\nleaving the JCI more sensitive to external developments, particularly US\ninflation, China\u2019s trade and inflation data, US Treasury yields and\nglobal crude oil prices.<\/p>\n
European markets all closed higher on Friday (9 October): the Euro\nStoxx 50 rose 0.76 per cent, the UK\u2019s FTSE 100 gained 1.06 per cent,\nGermany\u2019s DAX rose 1.13 per cent and France\u2019s CAC 40 advanced 0.95 per\ncent.<\/p>\n
US markets also closed higher on Friday (9 October). The S&P 500\nrose 0.59 per cent to 7,811.54, the Nasdaq Composite gained 0.64 per\ncent to 27,336.17, and the Dow Jones Industrial Average climbed 0.83 per\ncent to 51,654.95.<\/p>\n
In Asian markets this morning, the Shanghai Composite fell 0.10 per\ncent to 3,809.96 and South Korea\u2019s Kospi dropped 2.135 per cent to\n6,479.39. Hong Kong\u2019s Hang Seng gained 0.18 per cent to 24,290.50,\nMalaysia\u2019s Kuala Lumpur Composite Index rose 0.43 per cent to 1,615.36,\nand Singapore\u2019s Straits Times Index advanced 0.64 per cent to\n5,436.90.<\/p>\n
Japan\u2019s Nikkei was closed for Sports Day.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jci-may-trade-sideways-as-markets-watch-global-developments-1791777194", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }