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Daily Market Wrap

July 15, 2026

15 July 2026
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July 15, 2026

NEWS

  • America : Wall Street edged higher (Dow +0.02%, Nasdaq +0.90%, S&P 500 +0.38%) after U.S. June inflation eased to 3.5% YoY (core inflation: 2.6% YoY), reinforcing expectations of Fed policy easing. The market was also supported by solid early Q2 earnings and a decline in the 10-year U.S. Treasury yield to 4.59%, although gains were capped by rising oil prices due to the U.S.–Iran conflict.
  • Asia :  Asian markets advanced (China SSE +1.36%, Hang Seng +0.52%, Nikkei 225 +0.74%, KOSPI +0.73%), driven by stronger-than-expected June China trade data (+27% YoY, trade surplus of USD 125.6 billion), expectations of further stimulus from Beijing, and bargain hunting in technology stocks. However, investors remained cautious ahead of the release of U.S. CPI data and China's Q2 GDP.

MARKET UPDATE

  • The JCI edged up 0.03% to 6,039 as investors remained in a wait-and-see mode. S&P's rating affirmation provided only limited support amid concerns over the widening state budget deficit outlook, the weakening rupiah, the escalation of the U.S.–Iran conflict, and anticipation of U.S. CPI data and the global earnings season. Meanwhile, the Indonesia Stock Exchange (IDX) introduced the price impact ratio as an additional screening criterion for listed stocks.
  • Bond market: Indonesia's 10-year government bond (SUN) yield rose to 7.22%, pressured by the weakening rupiah and higher oil prices, which increased the country's risk premium. Although S&P's reaffirmation of Indonesia's BBB/Stable sovereign credit rating helped contain the downside, investors remained cautious amid inflation risks and expectations of a wider fiscal deficit, while awaiting U.S. inflation data and further guidance on the Fed's policy direction.


Source : Bloomberg, Infovesta

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This document was prepared by PT KB Valbury Asset Management based on information from reliable sources. PT KB Valbury Asset Management does not guarantee the accuracy, adequacy or completeness of the information and materials provided. PT KB Valbury Asset Management Indonesia is not responsible for any legal and financial consequences arising from actions taken based on this document, whether suffered by any person or party.