Indonesia's stock benchmark rises 1% to 7,011.16

Indonesia's stock benchmark rises 1% to 7,011.16

Indonesia's stock market has shown resilience, with the Jakarta Composite Index (JCI) climbing 1% to 7,011.16 points on Wednesday, July 2, 2025. This gain follows a streak of three consecutive days of positive performance, where the index has added almost 80 points or 1.2% [4].

The JCI's upward trajectory is driven by gains from various sectors, including food, financial, and cement stocks, while resource companies have shown mixed performance. Among the active stocks, Bank CIMB Niaga rose by 1.49%, while Bank Mandiri dipped by 0.21% and Bank Danamon Indonesia gained 0.83% [4].

The global market sentiment remains cautiously optimistic, with technology stocks leading the way higher. The European and U.S. markets also contributed positively, with the Dow Jones Industrial Average (DJIA) jumping 217.54 points or 0.49% to finish at 44,458.30, the NASDAQ rallying 192.88 points or 0.94% to end at 20,611.34, and the S&P 500 adding 37.74 points or 0.61% to close at 6,263.26 [4].

The Federal Reserve's minutes from its June monetary policy meeting indicated that most participants agree the central bank is well-positioned to wait for more clarity on inflation and economic outlook before adjusting interest rates [3]. This has provided a positive backdrop for the markets.

Crude oil prices also contributed to the positive market sentiment, inching higher on Wednesday despite Saudi projections for increased demand being offset by a jump in U.S. oil inventories. West Texas Intermediate crude for August delivery ticked higher by $0.05 to settle at $68.38 per barrel [4].

Looking ahead, investors will be closely monitoring the release of the minutes from the Federal Reserve's latest monetary policy meeting on Wednesday, which may shed light on the outlook for interest rates ahead of the central bank's next meeting on July 29-30 [1]. Additionally, the upcoming auctions of 10-year and 30-year U.S. Treasury debt will also be closely watched [3].

References:
[1] https://www.nasdaq.com/articles/soft-start-expected-indonesia-stock-market
[2] https://www.investing.com/news/stock-market-news/indonesia-stocks-higher-at-close-of-trade-idx-composite-index-up-075-4129262
[3] https://www.tradingview.com/news/reuters.com,2025:newsml_L1N3T60AP:0-benchmark-treasury-yield-waiting-for-the-gavel-to-fall/
[4] https://www.rttnews.com/3552051/indonesia-stock-market-may-extend-winning-streak.aspx