RRI.CO.ID, Jakarta - The Jakarta Composite Index (JCI) opened higher on Wednesday, April 29, 2026, as investors weighed global monetary policy signals and ongoing geopolitical uncertainty.

The JCI rose 24.22 points, or 0.34 percent, to 7,096.61 at the opening bell. The LQ45 index, which tracks 45 blue-chip stocks, also gained 2.56 points, or 0.38 percent, to 684.88.

Research Head at Kiwoom Sekuritas Indonesia, Liza Camelia Suryanata, projected that the JCI still has room for consolidation, with potential to close the gap at the 7,022 level and possibly decline toward the 7,000–6,917 range.

“A wait-and-see approach is advisable while waiting for the market to stabilize. Investors are observing a hawkish bias, although most central banks are expected to keep interest rates steady until the impact of the conflict on inflation becomes clearer,” she said in Jakarta on Wednesday, as quoted by Antara.

Global markets are focused on the Federal Open Market Committee (FOMC) meeting on April 28–29. The Federal Reserve, the European Central Bank, and the Bank of England are expected to hold rates steady, while the Bank of Japan has already maintained its benchmark rate at 0.75 percent.

Geopolitical tensions between the United States and Iran continue to weigh on sentiment. Iran’s latest proposal to de-escalate the conflict has been met with skepticism in Washington, leaving diplomacy stalled and energy supply risks unresolved. “With diplomacy at a deadlock and energy disruptions persisting, markets are increasingly pricing in higher interest rates for a longer period as inflation risks rise again,” Liza said.

Domestically, the government plans to reduce the distribution of the Free Nutritious Meals (MBG) program from five to four days per week as part of budget refocusing. The adjustment is expected to save about IDR 1 trillion (IDR USD 57.75 million) per day, or more than IDR 50 trillion annually.

In addition, Indonesia and China are set to launch a cross-border QR payment system on April 30, enabling users of QRIS, Alipay, and WeChat Pay to transact instantly without currency conversion or additional applications.

On Tuesday, April 28, European markets mostly declined, with the Euro Stoxx 50 down 0.46 percent, Germany’s DAX down 0.27 percent, and France’s CAC 40 down 0.46 percent. The UK’s FTSE 100 edged up 0.11 percent.

Wall Street closed lower across the board, with the Dow Jones down 0.05 percent to 49,141.93, the S&P 500 down 0.49 percent to 7,138.80, and the Nasdaq Composite down 0.90 percent to 24,663.80.

Asian markets opened mixed on Wednesday. Japan’s Nikkei fell 1.02 percent to 59,917.46 and Singapore’s Straits Times dropped 0.61 percent to 4,857.98. Meanwhile, China’s Shanghai Composite rose 0.22 percent to 4,087.58, and Hong Kong’s Hang Seng Index gained 1.30 percent to 26,013.00. ***