Market watches global monetary direction, IHSG projected to move sideways this week
Jakarta - The head of research at Phintraco Sekuritas, Ratna Lim, projects that the Indonesia Composite Index (IHSG) on the Indonesia Stock Exchange (BEI) has the potential to move sideways during trading this week (27-30 April 2026), with the main sentiment coming from global levels.
Ratna said that market participants this week will monitor the direction of monetary policy from central banks in various advanced countries, including the US Federal Reserve (The Fed), the European Central Bank (ECB), the Bank of England (BoE), and the Bank of Japan (BoJ).
“It is estimated that the IHSG has the potential to test the psychological level at 7,000 this week,” Ratna stated in a written release in Jakarta on Monday.
This week, market participants will await the Federal Open Market Committee (FOMC) meeting of The Fed on Thursday (29/4), which is expected to maintain the benchmark interest rate at 3.5-3.75 percent.
Then, market participants will await the ECB and BoE meetings, which are each projected to maintain their benchmark interest rates at 2.15 percent and 3.75 percent, respectively.
In addition, market participants will monitor the Bank of Japan (BoJ) meeting on Tuesday (28/4), which is expected to maintain the benchmark interest rate at 0.75 percent, even though inflation data in Japan is rising.
Besides the direction of monetary policy from central banks in various advanced countries, Ratna said that market participants will also monitor various US economic data releases, including consumer confidence data, housing data, Gross Domestic Product for the first quarter of 2026, personal income, personal spending, the Personal Consumption Expenditures (PCE) Prices index, and the ISM Manufacturing Index.
In addition, market participants will monitor economic data releases from the Euro Area, including GDP data for the first quarter of 2026, inflation data, and unemployment rates.
On Friday’s trading (24/04) last week, European stock markets closed uniformly weaker, including the Euro Stoxx 50 down 0.19 percent, the UK’s FTSE 100 down 0.75 percent, Germany’s DAX down 0.11 percent, and France’s CAC down 0.84 percent.
US stock markets on Wall Street closed mixed on Friday (24/04), including the Dow Jones Industrial Average down 0.16 percent to 49,230.71, the S&P 500 up 0.80 percent, and the Nasdaq up 1.63 percent.
Meanwhile, the IHSG closed down 249.12 points or 3.38 percent to 7,129.49 on Friday (24/04). Meanwhile, the group of 45 leading stocks or the LQ45 index fell 25.12 points or 3.51 percent to 690.76.