Daily Economic Research

KBVS ECONOMIC RESEARCH
Monday, 15 December 2025

Macro Highlight :
The release of the UK GDP for Oct ‘25, which came in below expectations at -0.1% MoM (Cons: 0.1% MoM, Prev: -0.1% MoM), was followed by Germany’s CPI for Nov ‘25, which declined to -0.2% MoM (Cons: -0.2% MoM, Prev: 0.3% MoM), as well as US Wholesale Sales for Oct ‘25, which slowed to 0.1% MoM (Cons: -0.1% MoM, Prev: 0.6% MoM). Looking ahead, today’s releases of EU industrial production, Canada’s CPI, and remarks from FOMC member John Williams are expected to be key drivers of global market dynamics.

The Indonesian fixed-income market closed the final trading session of last week on a positive note, with the ICBI rising by +0.02% and the ISIX gaining +0.08%. Looking ahead, global developments, including disaster-related responses and movements in the rupiah, are expected to be key drivers of domestic market sentiment today.

We anticipate a marginal decrease in the 10Y SUN yield today (15 Dec ‘25), projecting it to range between 6.05% and 6.25%.

 

Regards,
KBVS Research Team

 

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