RRI.CO.ID, Jakarta - Global financial markets are waiting for several important economic reports this week. Investors are closely watching these data because they may affect market direction.

The key reports this week include US inflation, US producer inflation, US retail sales, and China's second-quarter annual GDP growth. These figures could influence expectations for future interest rate decisions.

If US inflation prints higher than expected, investors may believe the US Federal Reserve will keep interest rates higher for longer. Lower inflation could increase hopes for future rate cuts or a more supportive policy.

At the same time, financial markets remain under pressure from rising tensions between Iran and the United States. Recent military tensions near the Strait of Hormuz have increased concerns about global stability.

Asian stock markets reacted negatively to the latest developments, with most major indexes trading lower. Indonesia's stock market opened higher but quickly lost momentum and moved back toward the key 5,900 level.

The Indonesian Rupiah also weakened during morning trading on Monday, 13 July 2026, falling to above 18,100 per US dollar. The currency faced additional pressure as higher geopolitical risks pushed global oil prices close to 80 US dollars per barrel.

The Rupiah was not the only currency to lose value against the US dollar. China's yuan, Singapore's dollar, and Thailand's baht also weakened as investors moved into safer assets.

Meanwhile, gold prices were trading around 4,106 US dollars per troy ounce, or about 2.4 million rupiah per gram. Gold could face pressure if US inflation is stronger than expected, although ongoing geopolitical tensions may continue to support prices during periods of uncertainty.

Writer: Gunawan Benjamin (Economist, Islamic University of North Sumatra)