Daily Review 06 May 2025
U.S. stocks end lower amid Fed Policy meeting anticipation. VIX index closed 4.23% higher, representing volatility expectation. European markets diverge; Erste Group Soars on Santander Poland stake acquisition. Gold advances on dollar softness and safe-haven appeal.
U.S. crude multi-year low post-OPEC+ output agreement. Dollar under pressure amid market scrutiny of tariff landscape. Meanwhile, the Australian stock market commenced trading with little movement, as investors cautiously evaluated ongoing trade developments within the broader Asia-Pacific region for potential market implications.
From the latest domestic key metrics update, Indonesia's economic expansion in the first quarter of 2025 reached 4.87% year-on-year. This figure represents a deceleration from the 5.02% growth recorded in the preceding quarter and fell slightly short of market forecasts, which anticipated a 4.91% increase.
The Jakarta Composite Index (JCI) closed higher at 6,831.9, gaining 0.24%. Market attention is now shifting towards upcoming releases of key domestic economic data, including GDP figures, Foreign Exchange Reserves, Consumer Confidence indicators, and 2-Wheeler sales data, which are anticipated to provide further direction to the market.