Morning Chatter

KBVS MORNING CHATTER
Monday, 19 January 2026

Headline News :
•    INCO - RKAB 2026 approved
•    TINS - Danantara holds off capital injection
•    SMDR - Infrastructure and fleet expansion to support growth in 2026
•    PZZA – Managing IDR exchange rate fluctuations
•    SILO – To perform better due to the implementation of new medical technologies
•    PTPP – Pefindo downgrades rating to idBBB+

 

Market Commentary :
US benchmark indexes closed lower, securing a weekly loss. The decline was largely driven by a series of comments from Donald Trump, which heightened market uncertainty. European equities ended the week in the red as investors remained cautious, closely monitoring ongoing geopolitical tensions.

Gold price increased, amid investors locked in profits following recent record highs, while a slight easing in geopolitical friction reduced gold’s appeal as a "safe-haven" asset. Oil priced traded lower. The immediate threat of a U.S. military strike on Iran receded, the market remains focused on broader supply-side risks. The greenback gained strength as the market repriced the likelihood of Kevin Hassett becoming Fed Chair; odds of his appointment have reportedly dropped.

Asia-Pacific markets were mostly down. Investors are currently weighing developments in Greenland while awaiting critical economic data releases from China. Meanwhile, the Jakarta Composite Index (JCI) showed resilience, closing up +42.83 points (+0.47%) to finish at 9,075.41. Key Indonesian economic data this week: loan growth, interest rate decision, trade balance and inflation rate.

 

Regards, 
KBVS Research Team

 

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