S&P 500 and Nasdaq closed lower in trading (09/12), while Dow Jones was flat. Market participants will pay close attention to the release of US inflation data for the period of November; with consensus projection at 6.8% yoy. On the other hand, the weekly jobless claims figure fell to 184K, the lowest level in 52 years.
From the domestic market, JCI rose by 0.61% while maintaining its rally for 4 consecutive days. Furthermore, 10 of the 11 sectoral indexes closed higher, led by the cyclical consumer sector with a daily increase of 1.96%. Towards the end of the week, the benchmark index will try to maintain the positive trend with a projected range of movement at 6,600 – 6,750.
Download full report HERE.