All Eyes on Inflation Data and FOMC Meeting
The U.S. prepared new sanctions for Russia and China in relation to human rights abuses. The sanctions imposed on Russia are expected to be for the purchase of weapons for its war effort. In the case of China, the sanctions focus on the fishing industry.
Markets closed Thursday with mixed results as investors await next Tuesday's inflation report, as well as the FED meeting on December 13-14.
Regarding economic data, the ISM non-manufacturing came in at 56.5 for the month of November, an increase from its reading of 54.4 for October. The PPI fell from 8.1% to 7.4% for November, although it was above expectations of 7.2%. Consumer sentiment for December was 59.1, an increase of 2.3 from its previous reading.