Daily Economic Research

KBVS ECONOMIC RESEARCH
Monday, 2 February 2026

Macro Highlight :
The nomination of Kevin Warsh by former President Trump as a potential successor to Powell as Federal Reserve Chair drove U.S. Treasury yields higher on the final trading day of January. Looking ahead, Asian market sentiment is expected to remain sensitive to developments related to Warsh’s nomination. At the same time, easing geopolitical tensions involving Iran, alongside the release of manufacturing PMI data across major economies, are likely to serve as key drivers of global financial markets today.

The resignation of Indonesia Stock Exchange (IDX) President Director Iman Rachman during Friday morning trading initially weighed on market sentiment. Looking ahead, today’s domestic market is expected to be driven by developments related to the IDX’s strategic initiatives to enhance market investability, announcements regarding replacements for departing OJK and IDX officials, and key macroeconomic releases, including Indonesia’s manufacturing PMI, inflation, and trade balance, alongside global market sentiment.

We anticipate a marginal decrease in the 10Y SUN yield today (2 Feb ‘26), projecting it to range between 6.21% and 6.41%.

 

Regards,
KBVS Research Team

 

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