Global markets face Xi-Trump summit, 5% Treasury yield test and Indonesia rate decision

  • Xi Jinping will visit Washington for three days to meet Donald Trump.
  • 5% is the psychologically important threshold recently tested by the 10-year US Treasury yield.
  • Indonesia’s central bank will announce its rate decision on Wednesday under new Governor Destry Damayanti.

Global markets are heading into a closely watched week featuring Chinese President Xi Jinping’s three-day state visit to Washington to meet President Donald Trump, the 81st UN General Assembly High-Level Week and Indonesia’s central bank interest-rate decision. Investors will assess the summit’s implications for trade, Taiwan, the Iran war, artificial intelligence and space, while a White House state dinner is expected to include Nvidia CEO Jensen Huang. Flash US manufacturing PMI (Purchasing Managers’ Index) data will test markets after the 10-year US Treasury yield approached the psychologically important 5% level and the Federal Reserve delivered its first interest-rate hike in more than three years. AI safety concerns are also affecting sentiment toward semiconductor and hyperscaler companies, while Indonesia faces investor doubts following leadership changes and fiscal concerns.

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