Global stocks fell after US CPI data. The annual inflation rate in the US slowed to 6.4% in January, the lowest since October 2021, compared to 6.5% in December and market expectations of 6.2%. Although inflation has shown signs of peaking at 9.1% in June last year, it remains more than three times above the Fed's 2% target and continues to point to a broad-based advance on the general price level, particularly services and housing.
Domestic stocks struggled, liquidity fell to a low level. The Vietnam Sugarcane Association (VSSA) proposed to the Ministry of Finance to direct the General Department of Customs to verify the origin of goods at the production facility for imported sugar lots imported by PT. Kebun Tebu Mas Indonesia produced.
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