Dow Jones Plunges 100 Points Ahead of US Inflation Data Release Tomorrow
As of 9:38 p.m. Thai time, the Dow Jones Industrial Average added 121.86 points or 0.36% to 33,825.96 points.
The stock market gained positive factors from the dollar’s depreciation. And the decline in US government bond yields today.
The dollar’s depreciation will boost the profits of listed companies earning from abroad. As for the decline in the yield of the 10-year US government bond, which is the US government bond used as a reference in determining the price of bonds around the world. This includes the US mortgage interest rate. will give consumers more money to spend And help reduce the cost of debt repayment of various companies. enabling these companies to increase their investment and increase dividend payments to investors
Investors keep an eye on the Consumer Price Index (CPI), which measures inflation driven by consumer spending. December month tomorrow The CPI is expected to indicate a slowdown in US inflation.
The survey of analysts expects the headline CPI, which includes food and energy, to rise 6.6 percent in December from a year earlier. slowing from 7.1% in November
Month-on-month, headline CPI is expected to be flat in December. or +0.0% from 0.1% in November
As for the core CPI, which excludes the food and energy sectors. It is expected to rise 5.7 percent in December year on year. slowing from 6.0% in November.
Month-on-month, core CPI is expected to rise 0.3% in December from 0.2% in November.
Investors will also be watching Friday’s earnings releases for major US banks including JPMorgan, Citigroup, Bank of America and Wells Fargo.