Wall Street Vs. Main Street. Investors are focused on retail stocks, a benchmark for consumer confidence, as high inflation and rising interest rates heavily weigh Main Street while also overshadowing Black Friday sales. Wall Street Friday, which lasted a short time after the Thanksgiving holiday, closed mixed. If this year’s Black Friday is impacted by economic pressures, means that it doesn’t bode well for the rest of the holiday period, which is crucial for the retail sector.
November turned the inflation back. The lack of sentiment in today’s domestic and global economic data made investors immediately anticipate the November manufacturing and inflation data released on Thursday. Based on a Bloomberg survey, CPI Headline Indonesia in Nov. on a monthly basis is projected to record an inflation rate of 0.14% MoM, compared to Oct., which recorded a deflation rate of 0.11% MoM, in line with the increase in several food commodities, ranging from chicken eggs to rice. Amid a number of sentiments, NHKSI Research projects JCI to move sideways at the beginning of
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