Analyst: Market sentiment optimistic if PPI exceeds expectations or impact is downplayed

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On February 13th, Jinshi data analyst Giuseppe Dellamotta stated that the US January PPI data will be released tonight, with market expectations for an annual rate of 3.2%, compared to a previous value of 3.3%; the monthly rate is expected to be 0.3%, compared to a previous value of 0.2%. The core PPI annual rate is expected to be 3.3%, compared to a previous value of 3.5%; the monthly rate is expected to be 0.3%, compared to a previous value of 0.0%. Due to the ‘January effect,’ especially due to the headline news on tariffs, as well as the optimistic Trump-Putin call, the market has somewhat forgiven yesterday’s CPI data exceeding expectations. Tonight, we may see the market also downplay the potential higher-than-expected PPI data.

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