Market View: US PPI a pleasant surprise - Will the US CPI give the same?

Singapore shares opened higher this morning, after US and Europe indices rallied overnight. And it continued the rally throughout the day, with the STI closing 0.85% higher. 

Meanwhile, stocks in Asia gained as markets did get a piece of good news on Tuesday when the producer price index report showed cooler inflation than expected. The consumer price index report on Wednesday could similarly fuel trading moves in the upcoming session. So what can we expect from the CPI? 

On Market View, Hongbin Jeong speaks to Too Jun Cheong, Assistant Dealing Manager, Moomoo Singapore, to find out more about the incoming data. 

They also discuss how Japanese markets reacted to Prime Minister Fumio Kishida’s decision not to run for a second term, and whether the worst is over for NVIDIA after its surge in the past four sessions.

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