Jakarta. Indonesia’s benchmark Jakarta Composite Index (JCI) opened higher on Monday, gaining 16.71 points, or 0.19%, to 8,867 in early trade, with the index moving in the 8,959–8,980 range.

RTI data showed 1.37 billion shares had changed hands in the opening minutes, with turnover reaching Rp 1.13 trillion ($67.42 million) across 145,273 transactions. Market breadth was positive, with 358 stocks advancing, 133 declining, and 201 trading flat.

Overnight, US equities ended Friday’s session mixed following a volatile week marked by sharp policy signals and subsequent pullbacks. The S&P 500 was essentially flat, edging up less than 0.1% but still posting a second straight weekly loss. The Dow Jones Industrial Average slid 285 points, or 0.6%, while the Nasdaq Composite gained 0.3%.

The US dollar weakened against the Japanese yen, Swiss franc, and several other currencies after it had fallen sharply earlier in the week. The decline followed President Donald Trump’s threat to impose 10% tariffs on European countries opposing his push to own Greenland, a move that raised concerns about global investors pulling back from US assets alongside falling Treasury prices. Sentiment improved somewhat on Wednesday after Trump announced “the framework of a future deal with respect to Greenland” and withdrew the tariff threat, although details remain scarce.

On the macro front, a University of Michigan survey showed US consumers’ inflation expectations for the year ahead eased to 4%, the lowest level in a year, though still well above the Federal Reserve’s 2% target. The improvement helped calm fears of a self-reinforcing inflation cycle, while overall consumer sentiment came in slightly stronger than economists had expected. Separately, preliminary data from S&P Global indicated US business activity continues to expand.

Back home, BRI Danareksa Sekuritas said rising global commodity prices could act as a key catalyst this week, potentially supporting commodity-linked stocks, particularly those tied to gold, coal, nickel, and oil.

“Investors will be closely watching the outcome of the Federal Reserve meeting this week, which is widely expected to keep the benchmark interest rate unchanged at 3.5%–3.75%,” Phintraco Sekuritas wrote in a Monday research note.

Domestically, Phintraco added that Danantara is targeting investment placements of up to $14 billion this year, up from $8 billion last year, with funds sourced from dividends from state-owned companies. “Investors are also awaiting MSCI’s announcement on its free-float calculation methodology, scheduled for Friday this week,” the brokerage said.

Across Asia, Japan’s Nikkei fell 1.58% to 53,923. South Korea’s Kospi edged up 0.14% to 4,997 before paring gains later in the session. Hong Kong’s Hang Seng rose 0.35% to 26,844, while China’s Shanghai Composite added 0.19% to 4,144.

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