Indonesian shares eased in early Thursday trade, hovering near 6,028 after two sessions of subdued momentum. Sentiment was pressured by weaker U.S. stock futures, even as Wall Street closed higher overnight on softer inflation data and a strong start to Q2 earnings. Elevated oil prices kept traders cautious, raising concerns over Indonesia’s import bill as a net oil importer. Focus also cautiously turned to Bank Indonesia’s policy meeting next week, following a cumulative 100bps of rate hikes in May–June to defend the rupiah. Still, losses were partly tempered by local media reports that the government is preparing fiscal and market steps to rein in inflation, particularly in volatile food commodities and rising industrial costs. In top trading partner China, weak Q2 GDP figures fueled hopes of fresh support measures ahead of the Politburo’s late-July meeting. Notable laggards included Sumber Global Energy (-4.1%), Sentul City (-3.1%), Rukun Raharja (-2.7%), and United Tractor (-1.7%).