US Consumer Confidence Dropped to Eight-Month Low on Trump Policy Concerns

US Consumer Confidence Dropped to Eight-Month Low on Trump Policy Concerns
US consumer confidence fell sharply in Feb-25, with the Conference Board index dropping 7 points to 98.3, the lowest since Jun-24. Inflation expectations surged, and concerns over Trump's trade policies, including tariffs and potential government worker layoffs, weighed on sentiment. The decline was broad-based across age and income groups, except for low-income and high-income households. (Reuters)

RESEARCH REPORT

Poultry - Well-Seasoned for Ramadhan-Eid Boost

• Commodities Price Update: New HPP for Local Corn, SBM remain subdued
• Feb-25 Poultry Price: Climbing Up Ahead of Ramadan
• Maintain O/W on Poultry Sector

(Please refer to our report here)

INDUSTRY

Morgan Stanley Downgraded Indonesia's MSCI Rating to Underweight
Morgan Stanley downgraded Indonesia's MSCI rating from ‘equal weight' to ‘underweight', citing weaker ROE among domestic issuers due to a slowing economy. Morgan Stanley favored other ASEAN markets over Indonesia and warned of potential short-term volatility. Additional negative factors included a weaker rupiah, unclear fiscal policies, concerns over budget burdens from the Free Nutritious Meal program, and declining commodity prices affecting exports. (Bloomberg)