Trump and Xi Jinping to Meet Soon: What Direction Will the IHSG Take Today?

JAKARTA, KOMPAS.com - Following the impasse in the agreement between the United States (US) and Iran, hopes in the market for easing geopolitical tensions have once again faded. In fact, the US is beginning to consider further steps, including military options against Iran. This situation has the potential to once again drive up global oil prices and trigger uncertainty in the global financial markets. Amid this situation, market participants are now awaiting the meeting between the US and China scheduled for 13-15 May 2026. That meeting could serve as a starting point for restoring relations between the two countries, which have experienced tensions over the past few years, particularly since Donald Trump returned to serve as US President. “Amid these difficulties, we are also awaiting the meeting between the United States and China, which will take place from 13-15 May 2026, representing a new hope for the restoration of relations between the United States and China,” said Maximilianus Nico Demus, Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, on Tuesday (12/5/2026). Furthermore, a number of CEOs from renowned global companies are reportedly invited by Trump to join that delegation, from Elon Musk, CEO of Tesla, to Tim Cook, CEO of Apple, as well as several other global bankers. The meeting is hoped to open opportunities for new agreements between the US and China amid long-cooled relations. With only three effective trading days left this week, market participants will face various important economic data from several major countries around the world. From the US, inflation data to be released tonight is the main focus for investors. Inflation is projected to rise from the previous 3.3 percent to around 3.5 percent to 3.8 percent. This increase is seen as indicating that inflationary pressures are still difficult to control. Meanwhile, core inflation or the Core Consumer Price Index (CPI) on an annual basis is also estimated to rise from 2.6 percent to 2.7 percent to 2.8 percent. The rise in producer inflation is expected to increase overall inflationary pressure and push the Federal Reserve System (The Fed) to maintain tight monetary policy for longer. Nevertheless, US employment data released last week shows that the labour market remains relatively stable despite a slowdown.