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Food prices are expected to be the main driver of upward inflation pressure in Indonesia through the fourth quarter, due to drier El Nino-linked conditions impacting agricultural output, according to RHB's Wong Xian Yong. The economist has raised his 2026 Indonesia inflation forecast.
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but