All three major US stock indexes continued their limited gains on (12/01); led by S&P500 which went up 0.28%. US Consumer Price Index (CPI) data showed an increase of 0.5% for last December, or 7% throughout 2021. Although this level is the highest in almost 4 decades, it has met market expectations.
From the domestic market, JCI closed sideways in yesterday’s trading at 6,647; restrained by the technology sector which fell 2.17%. Today’s market movements have the potential to be influenced by US inflation data and sentiment on the daily Covid-19 case which shows an upward trend. Technically, the movement of the benchmark exchange is projected to remain in the range of 6,600-6,700.
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