CNBC Daily Open: November’s CPI’s both good and bad
Publishing timestamp: 2023-12-13 02:30:01
Summary
The U.S. consumer price index increased by 0.1% in November, which was higher than expected. However, the yearly rate is still lower than the previous month. U.S. stocks closed higher, but Asia-Pacific markets mostly fell. China is facing the risk of deflation due to a significant drop in pork prices. OpenAI's revenue from its nonprofit operation in 2022 was $44,485. Morgan Stanley advises buying quality growth stocks in the Asia Pacific region. The U.S. consumer price index report for November was in line with expectations, but there were mixed reactions to the figures. The stock market rallied, possibly due to falling oil prices. Attention now turns to the Federal Reserve's last rate-setting meeting for the year.
Sentiment: MIXED
Tickers: .SPX, XOM, .DJI, SCHW, .IXIC,
Keywords: economic events, oil and gas, nasdaq composite, consumer prices, exxon mobil corp, technology, markets, charles schwab corp, united states, china, business news, japan, prices, world markets, inflation, joe biden, dow jones industrial average, s&p 500 index,
Source: https://www.cnbc.com/2023/12/13/stock-markets-novembers-cpis-both-good-and-bad.html