JCI Closes Down 1.2% at 5,373
Jakarta, CNBC Indonesia – The Jakarta Composite Index (JCI) closed lower on Monday, 26 October 2026. The index fell 66.16 points, or 1.22%, to 5,373.09.
The JCI had opened at 5,442.30, slightly above its close at the end of the previous week. The index fluctuated throughout the day, with selling pressure predominating. After opening higher and reaching an intraday peak of 5,453.65 early in the first session, it reversed and fell sharply shortly before 10am Western Indonesian Time, hitting a low of 5,349.75.
The index briefly rebounded to around 5,400 before weakening again and moving sideways between 5,360 and 5,390 in the second session.
Trading volume was 285.61 million lots, with transaction value of Rp12,611.4 billion, or about Rp12.6 trillion.
According to the Indonesia Stock Exchange (IDX), the decline reflected losses in 542 shares; 247 were unchanged and only 174 rose.
Global and Indonesian financial markets face a busy week. Developments in the war remain a key market driver, alongside major events including central-bank decisions that could move share, bond, foreign-exchange and commodity markets.
Seven central banks are due to announce monetary policy decisions this week: the State Bank of Pakistan on 26 October; the US Federal Reserve, Bank of Canada, Reserve Bank of New Zealand and Bank of Thailand on 28 October; the European Central Bank (ECB) on 29 October; and the Bank of Japan (BOJ) on 30 October.
Investors will also monitor US and eurozone growth figures, as well as US PCE inflation, one of the Federal Reserve’s key measures when setting monetary policy.
Here are the main economic events for markets to watch this week.
- Chinese Communist Party meeting
The Communist Party’s Fifth Plenum, a meeting of the Central Committee, is an important gathering to discuss China’s political direction and strategic policies. The party will consider its economic, industrial and technology policies, as well as the country’s development priorities for the coming years.
Scheduled for 26–29 October 2026, the meeting is in focus for the signals it may provide on President Xi Jinping’s consolidation of power, the intensification of anti-corruption efforts and the government’s priorities ahead of 2027.
For global investors, its outcome matters for policy certainty, the business climate and China’s economic outlook, with implications for equity markets, the yuan, commodity prices and trading partners such as Indonesia.
- China’s industrial profits in September 2026
China will release industrial profit data for January to September on Tuesday, 27 October, at 8.30am WIB. Industrial profits rose 15.7% year on year in January–August, slowing from 17.6% in January–July. A further slowdown could weigh on the outlook for commodity demand, while stronger profits could signal a recovery in industrial activity and investment.
- Federal Reserve interest-rate decision for October 2026
The Federal Reserve is scheduled to announce its interest-rate decision on Wednesday in the US, or Thursday, 29 October, at 1am WIB, followed by a press conference at 1.30am.
The market consensus expects the US central bank to hold rates at 3.75%–4.00%, after raising them by 25 basis points in September.
Although rates are expected to remain unchanged, investors will focus on Fed Chair Kevin Warsh’s comments on the inflation outlook, labour-market conditions and the possibility of further tightening.
A more hawkish stance could strengthen the US dollar and weigh on risk assets, including shares in emerging markets. Conversely, signs that inflationary pressures are easing could give markets room to reassess the outlook for US monetary policy.
For Indonesia, the Fed’s policy direction is an important factor for the rupiah, foreign capital flows and the appeal of government bonds (SBN).
- US third-quarter 2026 economic growth
The preliminary estimate of US third-quarter GDP will be released on Thursday, 29 October, at 7.30pm WIB.
The US economy is expected to have grown by 3.2% quarter on quarter at an annualised rate, up from 2.2% in the previous quarter. Stronger growth could reinforce the view that the US economy is resilient, but if accompanied by high inflation it could strengthen expectations that interest rates will stay higher for longer.
- US PCE inflation
The US will also release September Personal Consumption Expenditures (PCE) inflation data on Thursday, 29 October, at 7.30pm WIB.
In August 2026, PCE inflation was 3.4% year on year, while core inflation was 3.0%.
Core PCE inflation, which excludes food and energy, is expected to rise by 0.3% month on month in September, up from 0.2% in August. The annual rate is projected to increase to 3.1% from 3.0%.
The data matter because PCE is one of the Federal Reserve’s key inflation gauges when determining monetary policy.
An above-forecast reading could heighten concerns that price pressures remain difficult to control, potentially strengthening expectations that interest rates will stay higher for longer.
By contrast, lower inflation could ease pressure on markets, although a sustained downward trend would be needed before the monetary-policy outlook changed significantly.
- ECB interest-rate decision for October 2026
The ECB is scheduled to announce its rate decision on Thursday, 29 October, at 8.15pm WIB, with a press conference at 8.45pm.
The consensus forecast is for the main refinancing rate to remain at 2.65% and the deposit facility rate at 2.50%.
Investors will watch how the ECB balances inflation risks against the slowdown in the European economy. Energy-price pressures and growth uncertainty will be important factors in determining its next policy steps.
- BOJ interest-rate decision for October 2026
The BOJ is scheduled to announce its interest-rate decision on Friday, 30 October, although the timing may vary according to the central bank’s official schedule.
The consensus forecast is for the BOJ to hold its rate at 1.25%, following an increase from 1.00% in September.
As well as the rate decision, markets will scrutinise the bank’s economic and price outlook, including any changes to its growth and inflation projections and its assessment of wage and consumption trends.
- Eurozone third-quarter 2026 economic growth
The preliminary eurozone GDP estimate will be released on Friday, 30 October, at 5pm WIB.
The economy is expected to grow by 0.2% quarter on quarter, slowing from 0.6% in the previous quarter.
Annual growth is projected at 1.1%, down from 1.2%. A sharper slowdown could increase concerns about the region’s economy and become an important consideration for the ECB’s policy direction.