Big Cap. Earning Results sustained the JCI’s psychological level of 7,000. Investors’ selective interest in Big Cap. Stocks were due to their financial strength and competitive advantages even amid the uncertainty of economic conditions. Big Cap. 3Q22 Earning Results indicate how issuers face inflation trends and high-interest rates, as well as determining the JCI direction for the rest of 2022. JCI’s movement within the week was also amid the potentially flat October inflation rate or projected to be only 0.09% MoM, in line with the normalization of several food commodities prices. NHKSI Research sees the impact of the significant increase in subsidized fuel prices of 30% is fully reflected in the September inflation rate of 1.17% MoM.
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