Jakarta Composite Index Opens 0.61% Lower at 5,066
The Jakarta Composite Index (JCI) began Friday’s (30 October 2026) trading session lower, opening at 5,066.94, down 31.12 points or 0.61%.
At the open, trading volume stood at 14.17 million lots, with transactions worth Rp374.05 billion.
Indonesia’s financial markets faced a packed end-of-week schedule of news, data releases and events.
A Wall Street slump, strong US economic data and rising US PCE inflation could weigh on Indonesian equities and the rupiah.
In the bond market, the yield on 10-year government bonds (SBN) eased to 7.643% on Thursday, from 7.706% on Wednesday. The decline in yields indicates that bond prices have risen as investors have shown renewed interest in SBN.
Despite the easing, yields remain around their highest levels in six years.
Here are some of the market factors in focus today:
- Bank Indonesia will not automatically follow the Fed; Destry prepares measures to support the rupiah
Bank Indonesia (BI) said its decision on the BI Rate in November 2026 would depend on domestic and global economic developments, rather than automatically following the US Federal Reserve (Fed).
BI Governor Destry Damayanti said the central bank has various instruments to respond to economic pressures, including the rupiah’s depreciation, which at one point breached Rp18,100 per US dollar.
Destry said BI’s benchmark interest-rate policy would remain consistent with developments in domestic economic data and the global outlook.
- IDX removes five shares from short-selling list, including BBCA and BUMI
The Indonesia Stock Exchange (IDX) has removed five shares from its list of securities eligible for short selling in November 2026. They are PT Bank Central Asia Tbk (BBCA), PT Bumi Resources Tbk (BUMI), PT Astra International Tbk (ASII), PT Barito Pacific Tbk (BRPT) and PT Indofood Sukses Makmur Tbk (INDF).
- US PCE inflation rises
The US Personal Consumption Expenditures (PCE) price index rose 0.5% month on month in September 2026, its largest increase in six months, after rising 0.3% in August. The result was in line with market expectations.
Goods prices rose 0.8%, up from 0.3% the previous month. The main driver was a 1.1% surge in non-durable goods prices, particularly as petrol and other energy products rose by 9.2%.
The core PCE price index, which excludes food and energy, increased 0.3% month on month. This was its largest rise in four months and also matched market forecasts.
The PCE index is the Federal Reserve’s main inflation gauge for setting monetary policy. Inflation measured by this indicator has remained above the central bank’s 2% target since 2021.
- European Central Bank holds interest rates
The European Central Bank (ECB) kept its benchmark interest rates unchanged at its October 2026 meeting, in line with market expectations.
The ECB held its main refinancing rate at 2.65% and its deposit facility rate at 2.50%.
- US economy accelerates
The US economy grew at an annualised rate of 3.4% in the third quarter of 2026, its fastest pace in a year. This was up from 2.2% growth in the second quarter and exceeded market expectations of 3.2%.
The largest contribution came from private domestic investment, which surged 19.4%, well above the previous quarter’s 4.6% growth. The increase was driven by strong investment in artificial intelligence (AI).
- Bank of Japan interest-rate decision for October 2026
The Bank of Japan (BOJ) is scheduled to announce its interest-rate decision today.
Consensus forecasts point to rates remaining at 1.25%, following an increase from 1.00% in September.
Alongside the rate decision, markets will be watching the economic and price outlook report, including any revisions to growth and inflation projections and the bank’s assessment of wage and consumption trends.
- Third-quarter 2026 eurozone growth and unemployment rate
The eurozone’s preliminary GDP estimate is due today, Friday (30 October), at 17:00 WIB.
The economy is expected to grow 0.2% quarter on quarter, slowing from 0.6% in the previous quarter.
Annual growth is forecast at 1.1%, down from 1.2%. A sharper slowdown could heighten concerns about the region’s economy and become an important consideration for the ECB’s policy direction.
The eurozone unemployment rate is also due on Friday at 17:00 WIB and is expected to remain at 6.4%.
A stable labour market could support incomes and consumption amid slowing economic growth. Conversely, rising unemployment alongside weaker GDP could add to concerns about the region’s economic outlook.