Daily Economic Research

KBVS ECONOMIC RESEARCH
Monday, 20 April 2026

Macro Highlight :
On Friday evening, shortly after Iran’s Foreign Minister, Abbas Araghchi, indicated that the Strait of Hormuz would open, oil prices declined, with Brent crude falling to USD88/bbl (Prev: USD98/bbl). Looking ahead, investors will focus on key data releases, including China PBoC Loan Prime Rate and Germany PPI. At the same time, market participants will continue to closely monitor geopolitical developments, particularly those surrounding the Strait of Hormuz, as a primary driver of near-term market direction.

In the equity market, the JCI rebounded by +0.17% to 7,634.00 (Prev: 7,621.38), marking a recovery after two consecutive days of declines. Rupiah weakened to IDR17,189/USD (Prev: IDR17,142/USD), in line with a stronger DXY, with investors expected to remain focused on geopolitical developments as the key driver of market direction going forward.

We anticipate an increase in the 10Y SUN yield today (20 Apr ‘26), projecting it to range between 6.49% and 6.69%.

 

Regards,
KBVS Research Team

 

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