Cost of Service pushed producer-level inflation, and PPI Final Demand US in Nov. rose moderately to 0.3% (Vs. Surv. 0.2%). In more detail, the latest rise became the lowest annual PPI increase in 1.5 years; amid investors’ Wait and See stance, ahead of the release of the US CPI Headline Nov. (Tuesday) and the FOMC Rate Decision (Wednesday) local time, causing the Wall Street to close lower. Amid the improvement in the sentiment, a survey from the U. of Mich. showed that the 1Y Inflation dropped to a 15- month low. Additionally, the CPI Headline data on Tuesday will provide new clues to the Fed’s monetary policy.
The lack of sentiment earlier in the week, made investors immediately anticipate the release of the US Headline CPI data in Nov. on Tuesday local time. The JCI on Friday closed lower, which was near the 6,700 level, as all sectors recorded declines, with energy experiencing a decrease of 2.6%, leading to the sectoral weakening. Amid several sentiments, NHKSI Research projects that JCI today has the opportunity to anticipate a Technical Rebound.
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