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203 stories mentioning Jakarta Composite IndexUpdated 2d ago

Trading amid the US-Iran peace agreement and a week of Asian central bank decisions, inflation, and trade data.

Asia

Asian Emerging Markets Resilient Amid Geopolitical Risks, S&P Says

Asia's emerging markets (EMs) have shown strength despite facing geopolitical volatility, S&P Global Ratings said in a Tuesday release.Growth in these markets should gain support from strong demographics, more active financing, and increased productivity, S&P said.Access to diversified and cost-effective financing markets will be essential for EMs, given that the scale of investments requires funding beyond public balance sheets, S&P's global head of emerging market development Guy Deslondes said.EMs will make up nearly 65% of global growth until 2035, with Vietnam, India, and Indonesia posting the most notable growth rates, the rating agency said.However, EMs also need to take steps to bridge the per capita income gap with advanced economies, including a faster pace of productivity gains and leveraging their demographic advantages, S&P said.

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Asia

Bank Indonesia Governor Steps Down

Bank Indonesia Governor Perry Warjiyo has resigned from the position on July 25, citing personal reasons, according to a Monday statement by the central bank.Destry Damayanti, a senior deputy governor at BI, has been appointed as interim governor.

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Asia

S&P Says Currency Depreciation Has Mixed Impact on Asian Corporates

Asian corporates will face mixed effects from currency depreciation, S&P Global Ratings said Wednesday.Exporters will see gains from weaker currencies while importers are pressured by their inability to pass on greater costs, the rating agency said.India, Indonesia, Japan and South Korea have experienced weaker local currencies, but S&P said most rated companies should be able to manage the risks.However, some issuers show greater vulnerability to depreciation amid mismatches in operational and financing foreign exchange, S&P analyst Simon Wong said.Firms that mostly use domestic revenue and cash flow to anchor notable amounts of US dollar debt are subject to greater refinancing risk under steep depreciations, the analyst said.Still, S&P views companies as stronger compared to past instances of depreciation, given natural or financing hedging of foreign currency debts, manageable volume of maturing US dollar notes, and less dependence on US dollar borrowing.

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International

Bank Indonesia Pauses Hikes, Keeps Interest Rates Unchanged

Bank Indonesia kept its key interest rates unchanged on Wednesday following the conclusion of its Board of Governors' meeting.The central bank left the 7-day reverse repurchase rate, or BI rate, unchanged at 5.75%, while also maintaining the deposit facility rate at 4.75% and the lending facility (LF) rate at 6.50%.According to a Reuters poll, 20 of 33 economists it surveyed had expected another 25-basis-point (bps) hike, while the rest had predicted no change.In a statement, Bank Indonesia said it is expanding its incentive policy and introducing more measures to increase foreign portfolio inflows, strengthen Rupiah exchange rate stability, and accelerate money market and foreign exchange market deepening.It is also working on increasing liquidity and reducing liquidity segmentation in the money market and banking industry.

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Asia

Market Chatter: Indonesia Panel Clears Bill to Establish International Financial Centers

Indonesia's parliamentary committee on Monday endorsed key provisions of a bill to establish international financial centers, clearing the way for a final vote in parliament expected on Tuesday, Reuters reported Monday.The proposed legislation is designed to attract foreign capital and boost Indonesia's position as a regional financial hub. The bill will establish a supervisory body for the financial centers reporting to the president and parliament, along with a dedicated arbitration body and special court to resolve disputes. It also proposes incentives including tax holidays of up to 50 years for eligible investors, exemptions on overseas income and certain value-added taxes, and special inheritance tax arrangements, according to the report.Officials have previously said the framework could mirror incentives offered by financial centres such as Dubai, with Bali identified as a potential location. Indonesia's finance ministry estimates the initiative could draw 300 trillion to 500 trillion rupiah in investment, including foreign bank branches and other financial services firms, the news agency said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Global Sukuk Issuance Recovery Depends on Stability Following US-Iran Ceasefire, Fitch Says

A turnaround on global sukuk issuance will rely upon the maintenance of the US-Iran ceasefire and the resulting stability from it, Fitch Ratings said in a recent release.Rising stability could anchor better funding conditions, with issuers' funding plans and investors' allocation direction to shape the trajectory of the recovery, Fitch said.Global sukuk issuance in 2026 will be weaker compared to 2025, Fitch's global head of Islamic finance, Bashar Al Natoor, said.Sukuk issuance declined by 36% in the first half for the Gulf Cooperation Council, Malaysia, Indonesia, Turkey, and Pakistan to $125 billion, driven by volatilities and increasing yields, Fitch said.The rating agency has not observed any sukuk defaults since 2021, while 80% of its rated sukuk are investment grade.However, the share of issuers with stable outlooks declined to 80% in the first half of 2026, the analyst said.Indonesia should see strong near-term issuance amid ongoing funding needs, while a reduction in government debt could narrow sukuk issuance in Malaysia, Fitch said.Fitch expects a better view on market dynamics after the summer holidays in major sukuk markets.

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IMF Lifts South Korea's 2026 Growth Forecast on Chip Demand, China Outlook Upgraded
US Markets

IMF Lifts South Korea's 2026 Growth Forecast on Chip Demand, China Outlook Upgraded

The International Monetary Fund raised its 2026 growth forecasts for South Korea and China, citing strong external demand for semiconductors and rebalancing in the Chinese economy, even as the fallout from the Middle East war continues to weigh on the region.In its July World Economic Outlook update published late Wednesday, the IMF said South Korea's economy is expected to grow 2.6% in 2026, up 0.7 percentage points from the April forecast, with growth "buoyed by strong external demand for semiconductors, which dominates the negative impact of the war."Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) dominate the local semiconductor sector in South Korea.The 2027 growth estimate for the country was raised 0.4 percentage points to 2.5%. The IMF noted that South Korea's first-quarter growth came in at 7.5%, more than four times the 1.8% pace projected in April.The fund said the first-quarter growth was powered by a semiconductor and AI-hardware export boom, despite the country's "heavy reliance on imported energy from the Middle East."Meanwhile, China's 2026 growth forecast was raised to 4.6%, up 0.2 percentage point from April, with the IMF citing efforts toward domestic rebalancing. However, it noted that higher global oil prices, protracted uncertainty and structural headwinds are expected to weigh on activity in China.Inflation in China is expected "to rise from low levels," the IMF said.The 2027 GDP growth estimate was raised 0.1 percentage point to 4.1%. China's economy expanded 8.1% in the first quarter, beating expectations on front-loaded infrastructure investment and a surge in high-tech manufacturing and exports, even as domestic consumption stayed soft, the IMF said.Elsewhere, India's 2026 growth forecast was cut to 6.4% from the April outlook of 6.5%, even as the IMF said the country remains among the fastest-growing major economies, supported by strong momentum in private consumption and services activity.The 2027 estimate was raised 0.2 percentage points to 6.7%.Japan's 2026 forecast was trimmed 0.1 percentage point to 0.6%, with fiscal support measures partly cushioning the impact of higher energy prices. The 2027 forecast was raised 0.1 percentage point to 0.7% as the energy shock fades.Japan's first-quarter growth came in at 1.8%, beating expectations on net trade, exports and a pickup in private consumption.The IMF expects core inflation in Japan to return to target gradually by the end of 2027.The fund's 2026 growth forecast for the five ASEAN countries -- Indonesia, Malaysia, the Philippines, Singapore and Thailand -- was unchanged at 4.1%, while the 2027 estimate was cut 0.1 percentage point to 4.3%.Within the group, Malaysia's 2026 forecast held steady at 4.7% on data-center activity and the upturn in the global technology cycle, while Thailand's was raised 0.4 percentage point to 1.9% on emergency fiscal measures and technology-related exports and investment.The IMF identified Taiwan, South Korea, Thailand and Malaysia as the top four net exporters of AI-related hardware, noting their average seasonally adjusted annualized suprise growth of 4.4 percentage points, against the 0.3 percentage point drop for the rest of the world.Overall, the IMF said, "Risks to the outlook are more balanced than in April but still tilted to the downside.""The possibility of renewed Middle East conflict looms large and could extend commodity price volatility, further threaten supply chains, raise prices, and weigh on financial conditions."

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International

ADB Cuts Developing APAC Growth Forecast for 2026

The Asian Development Bank trimmed its developing Asia and the Pacific economic growth estimate for 2026, below last year's growth due to the effects of the Middle East conflict.In its Asian ​Development Outlook update published late Wednesday, the ADB expects the region's economy to grow 4.9% in 2026, down 0.2 percentage points from the April estimate.For 2027, the real GDP growth estimate was unchanged at 5.1%.The ADB expects inflation in the developing APAC region to rise to 4.3% in 2026 from 3% in 2025, higher than the 3.6% April projection.

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International

IMF Keeps ASEAN Growth Forecast Unchanged for 2026

The International Monetary Fund kept its ASEAN economic growth estimate for 2026 unchanged.In its World Economic Outlook update published late Wednesday, the IMF expects the region's economy to grow 4.1% in 2026, unchanged from the April estimate.For 2027, the growth estimate moved 0.1 percentage point lower to 4.3% for the group consisting of Indonesia, Malaysia, Philippines, Singapore, and Thailand.

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Asia

Indonesia's Islamic Finance Sector to Continue Growth Until 2027, Fitch Says

Fitch Ratings sees continued growth in Indonesia's Islamic finance industry for the second half of 2026 until next year, according to a recent release.The sector's strategic role for the government and strong operating environment have pushed the market to above $200 billion as of May, Fitch said.The country will continue to be one of the largest global issuers of sukuk, with Islamic banks posting market growth potential amid the Muslim-majority demographic and a large underbanked population, Fitch said.The government has carried out efforts to anchor growth, such as a 150 million rupiah cap on registration fees for sukuk, lower reserve requirements for Islamic banks, and exclusivity in receiving Hajj pilgrimage cost deposits.Sukuk made up 33% of Indonesian debt issuance in the first five months of 2026, with outstanding growth at 13% outpacing bonds at 6.3%, Fitch said.Islamic banking assets exceeded 1 quadrillion rupiah at the end of the first quarter, accounting for 8% of system financing.Fitch expects sector assets to expand by about 10% in 2026 amid consumer financing growth, financial inclusion efforts, and product innovation such as bullion banking.

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Asia

Fitch Says Asia Investors Eye AI, Private Credit, Sovereign Risks

Fitch Ratings said institutional investors across Asia are increasingly focused on risks related to artificial intelligence, private credit and sovereign credit, according to a Tuesday press release.The ratings agency said investors are closely monitoring rising spending on AI infrastructure, execution risks and pricing pressure.It warned that rapid adoption of artificial intelligence could displace workers and erode tax bases, particularly in developed markets.Fitch said investors also remain concerned about intensifying competition and limited transparency in private credit, particularly in the U.S. middle-market lending sector.However, it does not expect the asset class to pose a systemic risk on its own.On sovereigns, Fitch said investors are assessing Indonesia's policy credibility, fiscal transparency and the role of its new sovereign wealth fund, Danantara, while continuing to view Japan and South Korea as relatively resilient despite longer-term fiscal and structural challenges.The agency added that geopolitical tensions in the Gulf continue to pose downside risks, although the direct credit impact has so far been modest.

^BSE^HNX^HOSE^JKSEFTSE Bursa Malaysia KLCI^KOSDAQKOSPINikkei 225Nifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Indonesian Corporates Face Rising Macro, Regulatory Risks, Fitch Says

Heightened macroeconomic and regulatory risks are increasing for Indonesian companies, Fitch Ratings said in a recent release.Consumer sectors face demand risk due to rising nonsubsidized fuel prices, interest rate hikes, and a weaker rupiah, which impact discretionary spending and credit financing, Fitch said.Import-reliant issuers that lack the capacity to transfer costs could see margin constraints given the weaker local currency, the rating agency said.The higher benchmark rate could also raise financing costs and make more leveraged issuers less flexible, Fitch said.Strategic sectors such as natural resources could see pressure from changing regulations, the rating agency said.Issuers with solid pricing power, defensive demand, diversified businesses, and prudent capital structures will fare better under the challenging conditions, Fitch said.

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International

Asia-Pacific Capital Market Confidence Hits Record High in 2026: ASIFMA Survey

Confidence in Asia-Pacific (APAC) capital markets reached a record high, with 66% of financial firms planning regional expansion over the next three years, according to the 2026 edition released Tuesday by the Asia Securities Industry and Financial Markets Association (ASIFMA) in collaboration with KPMG.However, there was intense competition among APAC jurisdictions in terms of capital and investment.Companies are becoming more stringent in allocating their resources, with expansion plans shifting across markets as they prioritize more attractive individual APAC economies, the release said.Singapore remained the top-ranked Asia-Pacific market for ease of doing business, while Hong Kong remained at second place. India and mainland China improved their rankings, rebounding from last year's declines.The most attractive markets were those with open capital accounts, internationalized talent pools, predictable regulatory frameworks, and active two-way industry dialogue, it said.

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International

Asia Week Ahead: Inflation; Manufacturing Activity; and Trade

Asia's macro calendar will be busy in the week ahead, with investors set to track a broad mix of PMI readings, inflation prints, trade data and industrial activity across the region.The week starts with retail sales figures from Japan, alongside producer inflation figures from Singapore and Malaysia.Attention turns Tuesday to China's official PMI data and the Reserve Bank of Australia's meeting minutes.Activity indicators will remain in focus Wednesday as S&P Global releases manufacturing PMI reports for major Asian economies, while Thursday will bring inflation data from South Korea and trade balance from Australia.Friday rounds out the week with a heavy Vietnam data slate, alongside services and composite PMI reports from several major economies.Here's what to watch in the week ahead.MONDAY, June 29The week kicked off with the release of Japan's retail sales data for May, as well as producer inflation data from Malaysia and Singapore.Japan's retail sales expanded 5.3% year over year to 13.45 trillion yen during May, beating the consensus forecast of 3.1% growth tracked by Investing.com, and compared with a 2.8% increase recorded in the previous month.Meanwhile, Singapore's Manufactured Products Price Index jumped 30.8% year on year in May 2026, accelerating from the 27.5% annual growth recorded in April.The Domestic Supply Price Index climbed 34.2% from a year earlier, quickening from the 32.1% year-over-year expansion seen the previous month.Singapore also reported import and export prices for the month.Export prices increased 14.7% year over year in May, accelerating from a 13.3% growth in April, while import prices jumped 19.1% year over year, quickening from the 18.9% increase in the previous month.The Producer Price Index for local production in Malaysia rose 7.8% year over year in May, driven by a rise in all sectors, particularly by the mining industry.Elsewhere, consumer confidence in Taiwan rose to 65.05 in June from 62.08 in May, beating the 62.5 consensus forecast tracked by Trading Economics and marking the highest level since February.In contrast, consumer sentiment in the Philippines deteriorated sharply to -42 during the second quarter from -15.8 in the first three months of the year.Later Monday, India reports its monthly industrial and manufacturing production stats.TUESDAY, June 30Tuesday will be among the busiest days of macro releases with China's official manufacturing, non-manufacturing, and general purchasing managers' index (PMI) data taking the lead.Economists at ING expect China's manufacturing activity to edge up 0.1 point to 50.1, while non-manufacturing PMI is expected to slide back into contraction territory at 49.9. Importantly, the data readout will give economists the first look at whether a June rebound could be in the cards, ING said in a preview.In Japan, monthly industrial production and unemployment data would capture headlines. ING expects May's industrial output to slow to 1.4% year on year from the 2% growth recorded in the prior month, with unemployment to remain steady at 2.5%.Macao will also report unemployment data the same day, with Trading Economics expecting a slight tick upwards to 1.9% from 1.8% in April.Industrial production data from Thailand and South Korea will also feature Tuesday, alongside their retail sales stats.Markets will also follow the release of the Reserve Bank of Australia's meeting minutes for clues on whether the central bank will raise interest rates. In its most recent meeting, the RBA unanimously decided to leave the cash rate steady at 4.35% but opened the possibility of a rate hike to balance the risk between high inflation and slowing growth.Neighboring New Zealand will see the release of a report capturing business confidence for June.Elsewhere, the Philippines will release monthly trade and producer inflation figures.WEDNESDAY, July 1S&P Global's monthly PMI reports on manufacturing activity will be closely watched Wednesday.The reports will cover activity across India, Vietnam, Thailand, Taiwan, South Korea, Malaysia, Japan, Indonesia, China, Australia, and the Philippines.Markets will also await the Bank of Japan's sentiment index for the second quarter, with ING expecting the Tankan survey to show an increase amid strong chip demand and an improved situation in the Middle East.A monthly report covering consumer confidence in Japan will also be due.Indonesia's monthly inflation print will also be among the highlights Wednesday. Economists at ING expect June's consumer price index to edge up to 3.2% year on year from 3.1% in the month prior, reflecting the knock-on effect of elevated oil prices and depreciation of the local currency.Still, inflation is likely to remain within Bank Indonesia's target range, ING said.Indonesia will also report its trade balance the same day, with Trading Economists expecting a trade surplus of $4 billion, up from $90 million in April.South Korea will similarly report trade figures for June. ING said it expects strong chip demand to support exports, resulting in a trade surplus of $33 billion, up from $27 billion in May.THURSDAY, July 2South Korea's monthly inflation print will lead headlines Thursday.As with Indonesia, ING said it expects the knock-on effect of elevated oil prices to reflect more visibly in the June printout which could show inflation accelerating to 3.3% year on year from 3.1% in the prior month."The recent decline of global oil prices won't be reflected in domestic gasoline prices for another couple of months, while petrochemicals and related product prices are likely to remain sticky," ING said.Markets will be on the lookout for Australia's trade balance for May. Canberra is expected to report a trade surplus of A$2.2 billion for the month, up from A$1.79 billion in April, according to a Trading Economics consensus.Thailand will release a business confidence report for June, while Hong Kong will release its monthly retail sales stats.The Singapore Institute of Purchasing and Materials Management's manufacturing PMI report is also expected Thursday.FRIDAY, July 3Vietnam will feature prominently on Friday with a slew of macro data readouts, including inflation and GDP growth rate.The country's June consumer price index is expected to clock in at 6.5% year on year, accelerating from 5.6% in May, Trading Economics forecasted.Meanwhile, the economy is forecasted to have grown by 7.6% year on year during the second quarter, slowing from the 7.8% increase witnessed during the first three months of the year, according to Trading Economics.Other Vietnamese release include monthly retail sales, industrial production, and balance of trade figures.Singapore will similarly report its retail sales data on Friday, while New Zealand will see the release of a consumer confidence report.On the activity front, S&P Global will release composite and services PMI reports for India, China, Singapore, Japan, and Australia.

ASX 200^BSE^HNX^HOSEHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPINikkei 225Nifty 50^NZ50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Fitch Rates Indonesia Infrastructure Finance's Medium-Term Note Program AAA(idn)

Fitch Ratings Indonesia has assigned an AAA(idn) rating to Indonesia Infrastructure Finance's 6 trillion rupiah medium-term note program and the proposed first tranche of the issuance under the program, according to a recent release.The rating is the highest one assigned by Fitch in its national rating scale for Indonesia, covering issuers or obligations with the lowest expectation of default risk.The rating of the program and the proposed issuance is in line with the issuer's national long-term rating, as they serve as its direct, unsubordinated, and senior unsecured obligations.Fitch maps the nonbank financial policy institution's national rating from its BBB long-term local currency issuer default rating, reflecting a "virtually certain" possibility of extraordinary government support.

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Asia

Market Chatter: POSCO International Completes Acquisition of Indonesian Palm Oil Company

POSCO International (KRX:047050) completed the acquisition of Indonesian palm oil company, Sampoerna Agro, according to a report by The Pulse on Friday.Following the acquisition, the palm producer has been renamed to PT. PAR, the report added.The company has investment around 1.3 trillion won to secure management control of the Indonesian company, the report noted.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

MoneyMax Financial Services Unit Receives AA- Rating by MARC Ratings

MoneyMax Financial Services' (SGX:5WJ) Malaysian subsidiary, MoneyMax Treasure, was given an AA-/MARC-1 rating with a stable outlook from MARC Ratings for its 200 million ringgit tranche issuance, according to a Thursday filing with the Singapore Exchange.The bonds are part of the financial services company's 500 million ringgit commercial paper medium-term bonds program, established on the same day.

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Asia

US, Iran Sign Ceasefire Deal, Agreeing to Reopen Strait of Hormuz, Pakistan PM Says

The United States and Iran formally signed a landmark ceasefire agreement on Wednesday, with Pakistani Prime Minister Shehbaz Sharif confirming on X that the accord had been electronically signed by the presidents of both nations.Sharif, who served as mediator, said the deal carries immediate effect, with Iran pledging to reopen the Strait of Hormuz and Washington committing to lift its naval blockade as the first steps under the agreement.Trump confirmed the signing of the agreement, telling reporters outside the Palace of Versailles in France, "I signed it in Versailles... Just signed it," according to multiple reports, including from the AFP.

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International

IMF Sees Global Economy Holding Up Amid Middle East Conflict

The global economy has remained resilient despite the Middle East conflict, supported by strong growth in the U.S. and China, though energy importers remain vulnerable, according to a Monday blog by IMF Managing Director Kristalina Georgieva.Oil prices remain about 30% above pre-war levels, contributing to higher inflation in many economies.However, inflation expectations have generally remained anchored, while financial markets have held up and global financial conditions remain accommodative, Georgieva said.She said investment in artificial intelligence and data centers continues to support growth, particularly in the U.S. and parts of Asia, helping offset the impact of higher energy costs.The IMF warned that countries heavily reliant on energy imports, especially in Africa and parts of Asia, face mounting pressure from higher fuel, food, and financing costs.The fund said policymakers should maintain price stability and fiscal discipline while remaining prepared to respond to prolonged disruptions.

ASX 200^BSE^DSE^HNX^HOSEHang Seng^JKSEFTSE Bursa Malaysia KLCI^KOSDAQKOSPINikkei 225Nifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted^YSX
International

Asia Week Ahead: Central Bank Decisions; Inflation; and Trade

The week ahead in Asia will be packed with a number of central bank decisions and macroeconomic data, with investors set to track the impact of the Middle East conflict on regional economies.The economic calendar starts quietly on Monday with services activity data from Japan, whole inflation figures from India and New Zealand's services PMI.Activity picks up Tuesday as the Reserve Bank of Australia and Bank of Japan announce policy decisions, while China releases a batch of closely watched activity indicators.Wednesday shifts the focus to trade, with Japan and Singapore due to report May figures.Thursday brings a cluster of central bank decisions from Taiwan, Indonesia and the Philippines, with New Zealand's first-quarter GDP and Thailand's trade data also on deck.Friday rounds out the week with inflation data from Japan and Malaysia, with New Zealand reporting trade numbers.Here's what to watch in the week ahead.MONDAY, June 14The week was off to a relatively light start with a handful of releases from India, New Zealand, and Japan.Japan released its tertiary industry activity index for April, a measure of change in the total value of services provided and consumed by the country's service sector.The index rose a seasonally adjusted 1.3% month on month, reversing from a 0.6% decline in the prior month and recording its first increase in three months.It also beat the Trading Economics forecast of a 0.5% increase.In New Zealand, the BusinessNZ Performance of Services Index fell to 47.5 in May from a downwardly revised 48.7 in April, marking a fourth straight month of contraction in the services sector. Trading Economics said the decline came as the Iran war weighed on business activity.India's annual wholesale price index (WPI)-based inflation rate rose to 9.68% year over year in May. The reading was higher than the consensus forecast of 9.10% tracked by Investing.com and compared with an 8.26% pace recorded in the prior month.Later Monday, India reports unemployment stats for May.TUESDAY, June 16Macro activity picks up Tuesday with central bank decisions scheduled in Australia and Japan, and a slew of monthly data from China.The Reserve Bank of Australia is expected to hold the official cash rate steady at 4.35%, according to a Trading Economics consensus.Economists at National Australia Bank said the latest decision would mark the end of the tightening cycle, with the next move likely down and now expected in the second quarter of 2027.In contrast, the Bank of Japan is forecasted to raise interest rates by 25 basis points to 1%, according to a Trading Economics consensus estimate.Bloomberg reported earlier June that the central bank was considering raising the policy rate amid high uncertainties over the Middle East conflict. Officials were expected to sift through as much data as possible until the last minute before making a final decision, though the decision to raise rates was unlikely to be unanimous, according to the report.China's industrial production and retail sales stats will also be in the news, alongside monthly unemployment and housing price data.Markets will review the figures to gauge how well the country's economy is faring amid the Middle East conflict. According to the Wall Street Journal, the data is likely to indicate overall improvement and economic resilience despite the macro headwinds.Hong Kong will report unemployment data the same day, while trade stats will be in focus in India and South Korea.In New Zealand, markets will await food inflation data which is expected to show "modest increases," according to CommBank.WEDNESDAY, June 17Focus shifts Wednesday to trade data from Singapore and Japan.Japan is expected to record a trade deficit of 564.6 billion yen in May, reversing from a 301.9 billion yen surplus a month earlier, according to a Trading Economics consensus.Wednesday will also bring the Reuters Tankan Index for June, a key gauge of Japanese business confidence, along with monthly machinery orders data.Meanwhile, Singapore's trade surplus is expected to narrow to $7 billion in May from $13.07 billion in April, according to Trading Economics. The city-state is also due to release monthly non-oil export data.A forward-looking report from Westpac capturing consumer confidence in New Zealand is also scheduled for Wednesday.THURSDAY, June 18Central banks across Taiwan, Indonesia and The Philippines will meet for interest rate decisions Thursday.Bank Indonesia will be in focus after it unexpectedly raised interest rates by 25 basis points earlier this month to support the rupiah.While some economists expect the central bank to deliver another 25 basis point hike, ING expects Bank Indonesia to hold rates steady and instead prioritize alternative measures to attract foreign capital inflows and stabilize the currency.The Philippines' central bank, Bangko Sentral ng Pilipinas, is widely expected to raise its benchmark rate by 25 basis points to 4.75% amid persistent inflationary pressure, according to a Trading Economics consensus.Meanwhile, Taiwan's central bank is expected to hold rates steady at 2%. ING said it will be monitoring the Central Bank of the Republic of China's press conference for clues on a possible rate hike in the third quarter.Elsewhere, New Zealand will report its first quarter gross domestic product growth rate. CommBank said it expects quarterly growth to reach 0.8%, shy of the Reserve Bank of New Zealand's 1% forecast.While the economy started 2026 with a decent moment, there will be "pockets of weakness" highlighting that economic recovery was a "bit patchy," CommBank said in a preview.Lastly, Thursday will feature Thailand's trade figures for May.FRIDAY, June 19The week rounds off with closely watched inflation data from Japan.According to ING, May's consumer prices could record a rise of 1.6% year on year, accelerating marginally from 1.4% in April. The subdued increase would reflect government measures, though price pressures are likely to broaden, ING said.Malaysia's headline inflation, also due the same day, is similarly expected to show a marginal rise to 2% year-on-year in May from 1.9% in April due to government fuel subsidies and stable food prices, the Wall Street Journal reported, citing DBS.Malaysia will additionally report monthly trade figures on Friday, while Macao will release monthly inflation data the same day.Trade figures from New Zealand will also feature Friday. According to a Trading Economics consensus, New Zealand's May trade surplus could narrow to NZ$875 million from NZ$1.92 billion a month earlier.South Korea's producer price inflation will also be among the highlights of the day.

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