Ahead of the long holiday weekend for Ascension Day, the Indonesia stock market had moved lower in four straight sessions, sinking almost 460 points or 6.3 percent in that span. The Jakarta Composite Index now rests just above the 6,720-point plateau and it's got another weak lead for Monday's trade.
The global forecast for the Asian markets is negative on surging oil prices, ambiguity about the conflict in the Middle East and concerns over the outlook for interest rates. The European and U.S. markets were down and the Asian markets are expected to open in similar fashion.
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.