Daily Economic Research

KBVS ECONOMIC RESEARCH
Wednesday, 04 March 2026

Macro Highlight :
Escalating tensions in the Middle East continued to heighten inflation concerns, as the prolonged conflict with Iran showed no signs of easing and energy prices remained elevated. Looking ahead, investors will focus on upcoming releases including China Manufacturing PMI, US ADP Nonfarm Employment Change, US S&P Global Services PMI, US ISM Non-Manufacturing Prices, US ISM Non-Manufacturing PMI, and US Crude Oil Inventories. Further geopolitical developments will remain a key driver of global market sentiment.

Heightened global risk-off sentiment has once again weighed on domestic financial markets. Concerns over further Rupiah depreciation may also persist. However, some room for recovery in the JCI is emerging, particularly supported by the energy sector.

We anticipate an increase in the 10Y SUN yield today (4 Mar ‘26), projecting it to range between 6.47% and 7.07%.

 

Regards,    
KBVS Research Team

 

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Unduh