Jakarta (ANTARA) - The Composite Stock Price Index (JCI) on the\nIndonesia Stock Exchange (BEI) moved higher on Friday morning amid\nmarket participants still monitoring developments in the ongoing\nnegotiations between the United States (US) and Iran.<\/p>\n
The JCI opened up 24.43 points or 0.32% to 7,645.81. Meanwhile, the\nLQ45 index of 45 leading stocks rose 1.16 points or 0.15% to 758.48.<\/p>\n
\u201cBased on technical analysis, we see the JCI potentially weakening in\na limited manner with support and resistance at 7,500-7,850. There is\npotential for strengthening but it is limited,\u201d said Associate Director\nof Research and Investment at Pilarmas Investindo Sekuritas,\nMaximilianus Nico Demus alias Nico, in his analysis in Jakarta on\nFriday.<\/p>\n
From abroad, US President Donald Trump stated that America has\nreached an agreement with Iran, and talks will continue over the\nweekend.<\/p>\n
However, Trump claimed without evidence that Iran has agreed to\nnuclear terms and to hand over nuclear material, including not\npossessing nuclear weapons, and will open the Strait of Hormuz.<\/p>\n
In addition, Trump approved a 10-day ceasefire between Israel and\nLebanon to ease broader tensions in the region. Trump will invite\nLebanese President Joseph Aoun and Israeli Prime Minister Benjamin\nNetanyahu for discussions within the next week.<\/p>\n
From Europe, inflationary pressures are starting to rise due to the\nconflict in the Middle East, which has driven up global energy\nprices.<\/p>\n
As a result, projections for interest rate cuts by the European\nCentral Bank (ECB) have changed, from previously two cuts in 2026 to now\npotentially facing increases if inflation does not stabilise.<\/p>\n
Domestically, Finance Minister Purbaya Yudhi Sadewa stated that\nS&P Global has maintained Indonesia\u2019s credit rating at BBB\n(investment grade) with a stable outlook, reflecting relatively low\ndefault risk.<\/p>\n
In macroeconomic terms, Nico assessed that S&P\u2019s decision is a\npositive sentiment for Indonesia\u2019s financial markets as it maintains\nglobal investor confidence, particularly institutional investors who\nrequire an investment grade rating.<\/p>\n
\u201cThe stability of the rating also has the potential to hold back\nincreases in government bond (SBN) yields, thus keeping the country\u2019s\nfunding costs stable amid global pressures,\u201d said Nico.<\/p>\n
From the capital market perspective, Nico stated that this will\nsupport capital inflows into stocks and bonds, especially if combined\nwith disciplined fiscal trends and improving economic growth.<\/p>\n
\u201cSectors sensitive to interest rates such as banking and property\ncould receive positive sentiment due to expectations of funding cost\nstability,\u201d said Nico.<\/p>\n
Nevertheless, Nico noted S&P\u2019s comments regarding the debt\ninterest coverage ratio still above 15% as a medium-term risk.<\/p>\n
\u201cIf not balanced with sustainable increases in state revenues, it\ncould limit the government\u2019s fiscal space going forward,\u201d said Nico.<\/p>\n
On Thursday (16\/4) trading, European stock markets moved variably,\nincluding the Euro Stoxx 50 down 0.04%, the UK FTSE 100 up 0.29%, the\nGerman DAX up 0.36%, and the French CAC 40 down 0.14%.<\/p>\n
Meanwhile, the US Wall Street markets collectively strengthened on\nThursday (16\/4), including the Dow Jones Industrial Average up 0.24% to\n48,578.72, the S&P 500 up 0.26% to 7,041.28, and the Nasdaq\nComposite up 0.36% to 24,102.70.<\/p>\n
Regional Asian stock markets this morning included the Nikkei down\n576.34 points or 0.97% to 58,942.00, the Shanghai index down 15.04\npoints or 0.37% to 4,040.50, the Hang Seng down 254.76 points or 0.97%\nto 26,139.50, the Kuala Lumpur index down 1.26 points or 0.07% to\n1,688.45, and the Straits Times down 12.75 points or 0.25% to<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jci-strengthens-amid-market-monitoring-us-iran-developments-1776397858", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }