Jakarta, CNBC Indonesia \u2013 The Jakarta Composite Index (JCI) weakened\nagain in morning Session I trading. At 9.58am Jakarta time, it stood at\n5,368.64, down 70.62 points, or 1.30%. The index later touched an\nintraday low of 5,349.75.<\/p>\n
The JCI had opened at 5,442.30, up 3.04 points, or around 0.06%, from\nthe previous session\u2019s close of 5,439.26.<\/p>\n
Trading volume totalled 126.06 million lots, with transactions worth\nRp4.82 trillion.<\/p>\n
The decline was led by the healthcare sector, which fell 1.7%,\nfollowed by technology, down 1.5%, and infrastructure, which weakened by\n1.3%.<\/p>\n
The stocks weighing on the index included PT Bank Central Asia Tbk\n(BBCA), PT Bayan Resources Tbk (BYAN), PT Mora Telematika Indonesia Tbk\n(MORA), PT Bank Mandiri (Persero) Tbk (BMRI) and PT Telkom Indonesia\n(Persero) Tbk (TLKM).<\/p>\n
Among the stocks supporting the JCI were PT Chandra Asri Pacific Tbk\n(TPIA), PT Bukit Uluwu Villa Tbk (BUVA), PT Semen Indonesia (Persero)\nTbk (SMGR), PT Sumber Alfaria Trijaya Tbk (AMRT) and PT Petrindo Jaya\nKreasi Tbk (CUAN).<\/p>\n
Global and Indonesian financial markets face a busy week.\nDevelopments in the war remain a key market driver, alongside a series\nof major events, including central-bank decisions that could move\nequities, bonds, foreign exchange and commodities.<\/p>\n
Seven central banks are scheduled to announce monetary policy\ndecisions this week: the State Bank of Pakistan on 26 October; the US\nFederal Reserve, Bank of Canada, Reserve Bank of New Zealand and Bank of\nThailand on 28 October; the European Central Bank (ECB) on 29 October;\nand the Bank of Japan (BOJ) on 30 October.<\/p>\n
Investors will also monitor US and eurozone growth data, as well as\nUS PCE inflation, one of the Federal Reserve\u2019s key indicators in setting\nmonetary policy.<\/p>\n
The following economic events are among those markets should watch\nthis week.<\/p>\n
The Communist Party\u2019s Fifth Plenum, a meeting of the Communist Party\nof China Central Committee, is an important gathering to discuss the\ncountry\u2019s political direction and strategic policies.<\/p>\n
The party will discuss the direction of economic, industrial and\ntechnology policy, as well as national development over the coming\nyears.<\/p>\n
Scheduled for 26\u201329 October 2026, the meeting is in focus because it\ncould signal the consolidation of President Xi Jinping\u2019s power, a\nstronger anti-corruption drive and the government\u2019s priorities ahead of\n2027.<\/p>\n
For global investors, its outcomes will be important in gauging\npolicy certainty, the business climate and China\u2019s economic outlook,\nwith implications for equities, the yuan, commodity prices and trading\npartners such as Indonesia.<\/p>\n
China will release industrial profit data for January to September on\nTuesday, 27 October, at 8.30am Jakarta time. For comparison, industrial\nprofits grew 15.7% year on year in January\u2013August, slowing from 17.6% in\nJanuary\u2013July. A further slowdown could weigh on the outlook for\ncommodity demand, while stronger profits could signal improving\nindustrial activity and investment.<\/p>\n
The Federal Reserve is scheduled to announce its rate decision on\nWednesday US time, or Thursday, 29 October, at 1am Jakarta time,\nfollowed by a press conference at 1.30am.<\/p>\n
Market consensus expects the US central bank to hold rates at\n3.75%\u20134.00%, after raising them by 25 basis points in September.<\/p>\n
Although rates are expected to remain unchanged, investors will focus\non Federal Reserve Chair Kevin Warsh\u2019s comments on the inflation\noutlook, labour-market conditions and the possibility of further policy\ntightening.<\/p>\n
A more hawkish stance could strengthen the US dollar and weigh on\nrisk assets, including emerging-market equities. Conversely, signals\nthat inflationary pressures are easing could give markets scope to\nreassess the US monetary policy outlook.<\/p>\n
For Indonesia, the Federal Reserve\u2019s policy direction is an important\nfactor affecting the rupiah, foreign capital flows and the appeal of\ngovernment bonds (SBN).<\/p>\n
The first estimate of US third-quarter GDP will be released on\nThursday, 29 October, at 7.30pm Jakarta time.<\/p>\n
The US economy is expected to grow by 3.2% quarter on quarter at an\nannualised rate, up from 2.2% in the previous quarter. Stronger growth\ncould reinforce perceptions of US economic resilience, but if\naccompanied by high inflation it could strengthen expectations that\ninterest rates will remain elevated for longer.<\/p>\n
The US will also release September Personal Consumption Expenditures\n(PCE) inflation data on Thursday, 29 October, at 7.30pm Jakarta\ntime.<\/p>\n
In August 2026, PCE inflation stood at 3.4% year on year, while core\ninflation was 3.0%.<\/p>\n
Core PCE inflation, which excludes food and energy, is expected to\nrise by 0.3% month on month in September 2026, from 0.2% in August. On\nan annual basis, core inflation is projected to increase to 3.1% from\n3.0%.<\/p>\n
The data matter because PCE is one of the main inflation measures\nused by the Federal Reserve in setting monetary policy.<\/p>\n
If inflation exceeds expectations, concerns that price pressures\nremain difficult to control could intensify, potentially reinforcing\nexpectations that interest rates will stay high for longer.<\/p>\n
Conversely, lower inflation could ease pressure on markets, although\na sustained decline would be needed before the monetary policy outlook\nchanged significantly.<\/p>\n
The ECB is scheduled to announce its rate decision on Thursday, 29\nOctober, at 8.15pm Jakarta time, with a press conference at 8.45pm.<\/p>\n
Consensus forecasts put the main refinancing rate at 2.65%, while the\ndeposit facility rate is expected to remain at 2.50%.<\/p>\n
Investors will watch how the ECB balances inflation risks against\nslowing economic growth in Europe. Energy price pressures and\nuncertainty over growth are important factors in determining the next\npolicy steps.<\/p>\n
The BOJ is scheduled to announce its rate decision on Friday, 30\nOctober, although the timing may change in line with the central bank\u2019s\nofficial schedule.<\/p>\n
Consensus expects the BOJ to hold its rate at 1.25%, following an\nincrease from 1.00% in September.<\/p>\n
Alongside the rate decision, markets will examine the economic and\nprice outlook report, including changes to growth and inflation\nforecasts and assessments of wage and consumption trends.<\/p>\n
The eurozone\u2019s preliminary GDP estimate will be released on Friday,\n30 October, at 5pm Jakarta time.<\/p>\n
The economy is expected to grow by 0.2% quarter on quarter, slowing\nfrom 0.6% in the previous quarter.<\/p>\n
Annual growth is projected at 1.1%, down from 1.2%. A sharper\nslowdown could heighten concerns about the region\u2019s economy and become\nan important consideration for the ECB\u2019s policy direction.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jci-suddenly-slumps-by-more-than-1-heres-why-1792986664", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }