The Composite Stock Price Index (IHSG) opened stronger by 43.94 points or 0.52 percent at 8,458.29 on Monday morning. Market players are watching the direction of The Fed's interest rate policy amid limited domestic data. This week is influenced by global data from the US, China, and Europe.
At the opening of trading on Monday (24/11/2025), the Composite Stock Price Index (IHSG) of the Indonesia Stock Exchange (BEI) rose 43.94 points or 0.52 percent to 8,458.29. The LQ45 index also strengthened by 4.76 points or 0.56 percent to 850.44. However, pre-market analysis from Binaartha Sekuritas predicted potential further correction if below 8,463, with Friday's close down 0.07 percent to 8,414—a contradiction to the actual rebound at opening.
Tim Riset Lotus Andalan Sekuritas stated, “This week there are no domestic economic data releases, so Indonesia's financial markets will be heavily influenced by global data, especially from the United States (US) and China.” US data resuming after the government shutdown includes the Producer Price Index (PPI) for September 2025, retail sales, durable goods orders, and Price Consumer Index (PCE) inflation. All will shape expectations for The Fed's policy at the Federal Open Market Committee (FOMC) meeting in December 2025.
US trading this week is shorter due to Thanksgiving holiday on November 27 and early closure on November 28, potentially increasing volatility. In Europe, focus is on inflation data from Germany, France, Italy, and the UK's Autumn Budget projected to raise taxes. In Asia, China's official manufacturing and non-manufacturing PMI for November 2025 is key, given seven months of manufacturing contraction.
On Friday (21/11), Wall Street rose: Dow Jones Industrial Average up 1.08 percent to 46,245, S&P 500 up 0.98 percent to 6,602.99, Nasdaq Composite up 0.77 percent to 25,239.57. Asian markets Monday morning were mixed: Nikkei down 2.40 percent to 48,625.88, Shanghai down 0.08 percent to 3,832.10, Hang Seng up 1.44 percent to 25,580.00. Head of Retail Research at BNI Sekuritas, Fanny Suherman, predicted IHSG rebound in line with US strength, with support at 8,360-8,400 and resistance at 8,460-8,500.
