RRI.CO.ID, Jakarta - At the start of this week, Indonesia is scheduled to release key economic data, including inflation and trade balance figures. However, financial markets are primarily focused on the ongoing conflict involving Iran, the United States, and Israel.
Investors are adjusting their positions as they assess the potential impact of the conflict on both global and domestic markets. Geopolitical tensions are currently overshadowing local economic data in influencing market sentiment.
Most Asian stock markets opened lower on Monday, 2 March 2026. Indonesia’s benchmark index, the IHSG (Jakarta Composite Index), fell more than 1% to around 8,092 in early trading.
The war remains the main driver of uncertainty at the beginning of the week. Meanwhile, the Indonesian Rupiah depreciated to about 16,835 per US Dollar.
Global financial markets are also facing pressure from rising crude oil prices. On Friday, 27 February 2026, West Texas Intermediate (WTI) crude traded at around $66.7 per barrel before jumping to nearly $72 at the start of the week.
The surge in oil prices could create a ripple effect across financial markets. Higher energy costs may lead to rising living expenses and trigger negative reactions in stocks and currencies.
At the same time, global gold prices climbed near $5,335 per troy ounce, or roughly 2.9 million rupiah per gram. Earlier in the week, gold briefly hit $5,380 per ounce before experiencing profit-taking during Asian trading hours.
Writer: Gunawan Benjami (Economist: Islamic University of North Sumatra)
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