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In November, the CPI of the United States hit its biggest increase in seven months, but it is unlikely to prevent the Fed from cutting interest rates next week. The consumer price index of the United States recorded its biggest increase in seven months in November, but it is unlikely to prevent the Fed from cutting interest rates for the third time next week in the context of the cooling job market. Data show that CPI rose by 0.3% last month, the biggest increase since April, after the index rose by 0.2% for four consecutive months. The year-on-year growth rate of CPI rose by 2.7% after rising by 2.6% in October. Compared with the peak of 9.1% in June 2022, the year-on-year growth rate of inflation has slowed down significantly. Nevertheless, in recent months, the process of reducing the inflation rate to the Fed's 2% target has actually stalled. However, the Fed is now more concerned about the labor market. Although employment growth accelerated in November after being severely disturbed by strikes and hurricanes in October, the unemployment rate accelerated to 4.2% after staying at 4.1% for two consecutive months.After the US CPI was released, spot gold rose by $5 to $2,696.66 per ounce.German Chancellor Angela Scholz called for a vote of confidence to pave the way for the February 23rd election.

Macy's fell 8.2% before the market, and the company lowered its profit outlook after discovering accounting errors.US officials said that the United States is focused on providing Ukraine with the air defense system it needs to defend against Russian missiles and drones.Syrian opposition forces announced the lifting of the curfew in Damascus. The Sham Liberation Organization, which currently controls the Syrian capital Damascus, issued a statement on the afternoon of the 11th local time, informing Damascus to lift the curfew and calling on local residents to return to their jobs and contribute to the construction of the city. Earlier, the organization announced that a curfew was imposed in Damascus, the capital of Syria. (CCTV News)

Egyptian Prime Minister: At least 10 state-owned enterprises will be listed in 2025.Albertson shares rose 1.6% before the market closed.U.S. stock index futures expanded before the market, with S&P 500 futures up 0.4%, Nasdaq futures up 0.6% and Dow futures up 0.2%.