FX.co ★ Indonesian Equities Set for Modest Weekly Decline

Indonesian stocks increased by 19 points, or 0.2%, reaching 8,388 during early trading on Friday, counteracting the minor losses experienced in the previous session. This upturn was fueled by advancements in sectors such as health services, communications, and energy minerals. The outlook was further bolstered by the uptick in U.S. futures following President Donald Trump's authorization of a bill ending the longest government shutdown in U.S. history. Recently, Indonesia has witnessed steady growth in retail sales and a positive consumer outlook, thanks to a stable macroeconomic environment, despite isolated sectoral weaknesses. Key underperformers included Bumi Resources, which dropped 6.5%, Timah Tbk sliding by 5.9%, Bank Permata decreasing by 2.9%, and Bayan Resources which fell by 1.0%. However, for the week overall, the market is poised for a minor decline, approximately 0.2%, due to investors' caution ahead of the upcoming interest rate announcement. Meanwhile, in China—Indonesia's largest trading partner—both industrial output and retail sales recorded their slowest growth in 14 months as of October, with new yuan loans decreasing beyond expectations.