Mandiri Investasi, Author at Mandiri Investasi

Global Market Commentary : February 2024

The US stock markets have consistently reached all-time highs, driven by the strong performance of AI-themed stocks with robust fundamentals.

In January 2024, Bank Indonesia opted to maintain the BI Rate at 6.00%. The Rupiah’s exchange rate encountered difficulties.

November markets faced Fed rate uncertainty and AI-driven volatility, as economic signals shaped investor sentiment across sector.

Indonesia’s economy improved in 3Q25, with solid GDP, rising inflation, improving PMI, and looser fiscal policy supporting growth.

Indonesia bonds weakened ahead of November; BI held rates, markets expect Fed cuts, creating entry opportunities as yields climb.

In February 2024, Indonesia’s political landscape witnessed a significant event—the election of a new president for the next five years.