Business · Markets · 16 hrs ago

Indonesia’s Jakarta Composite Index Opens 0.63% Higher

Indonesia’s Jakarta Composite Index Opens 0.63% Higher

Indonesia’s Jakarta Composite Index opened 0.63% higher on Monday, at 5,082.17.

In early trading, it moved between 5,082.17 and 5,096.68.

Investors are watching economic data and international trade developments amid geopolitical uncertainty and changing global interest-rate expectations.

US inflation figures could shape expectations for Federal Reserve rate rises, after higher energy prices and a strong labour market raised those expectations.

China is due to release inflation, trade and vehicle-sales data, while Japan’s producer inflation will offer clues about its central bank’s policy direction.

Indonesia will release consumer confidence and retail-sales data that could show how well household spending is holding up, an important support for the economy.

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