Market Pulse - 14Sep23 - Another inflation data to watch out - PPI

Sector focus: Despite the slight increase in CPI data, we believe the technology stocks may have upward potential as the market is expecting the Fed to pause on the interest rate at least for the rest of 2023. Meanwhile, we like the stocks within the O&G sector given the firm Brent oil prices. Besides, we think investors may go for defensive stocks within the Utilities and REIT sectors, which may provide opportunities within this period of uncertainty.