October 16, 2025 | 11:08 am
TEMPO.CO, Jakarta - The Jakarta Composite Index (IHSG) opened higher on Thursday morning, supported by market expectations of global monetary easing by the end of 2025.
The IHSG rose 13.50 points, or 0.17 percent, to 8,064.68, while the LQ45 index, tracking 45 top-performing stocks, added 1.17 points, or 0.15 percent, to 773.31.
“IHSG has the potential for a technical rebound today after holding strong support at 8,000 yesterday,” said Fanny Suherman, Head of Retail Research at BNI Sekuritas, in a report in Jakarta on Thursday, October 16, 2025, as cited by Antara.
From abroad, Federal Reserve Chair Jerome Powell signaled the possibility of further interest rate cuts and indicated that the central bank’s quantitative tightening program is approaching its end.
His comments bolstered expectations for additional monetary easing this year, with markets anticipating around 48 basis points of rate cuts by December 2025.
However, stock market participants remain cautious amid renewed tensions between the United States and China, after U.S. President Donald Trump threatened a cooking oil embargo on China.
The move would respond to China’s restrictions on rare earth mineral exports and refusal to purchase U.S. soybeans. Trump also mentioned plans for a 100 percent tariff on all Chinese imports.
In Europe, the UK is set to release August 2025 GDP data, expected to grow 0.1 percent month-on-month (m/m), up from 0 percent m/m in July 2025.
In Asia, China recorded another deflation of 0.3 percent year-on-year (y/y) in September 2025, slightly improving from 0.4 percent y/y in August, yet below the forecasted 0.1 percent y/y.
Domestically, Indonesia’s external debt in August 2025 grew at a slower pace, reaching US$431.9 billion compared to July.
Meanwhile, weakening tax revenues have prompted the government to consider a reduction in VAT rates to maintain purchasing power.
State-owned enterprise Danantara Indonesia undertook major cost-efficiency measures, cutting commissioners and bonuses, saving around Rp8.28 trillion annually.
The Ministry of Finance also launched the “Lapor Pak Purbaya” channel to strengthen fiscal transparency.
On Wednesday, October 15, 2025, European stock markets closed mixed: Euro Stoxx 50 rose 0.89 percent, the UK’s FTSE 100 fell 0.30 percent, Germany’s DAX slipped 0.23 percent, and France’s CAC 40 gained 1.99 percent.
In the U.S., Wall Street indexes also closed mixed: the S&P 500 gained 0.40 percent to 6,671.31, the Nasdaq rose 0.68 percent to 24,745.70, while the Dow Jones fell 17.15 points to 46,253.46.
Asian regional markets opened higher this morning, with Japan’s Nikkei up 349.83 points, or 0.74 percent, to 48,032.80; Shanghai Composite added 7.05 points, or 0.16 percent, to 3,919.25; Hang Seng rose 35.90 points, or 0.09 percent, to 25,924.50; while Singapore’s Straits Times slipped 17.61 points, or 0.40 percent, to 4,350.07.
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