Before the CPI announcement, the market was cautious, U.S. stock index futures fell across the board, Japanese stock indices hit new highs, bonds and currencies were both hit hard, gold and silver fluctuated at high levels, and the situation in Iran boosted oil prices

Investors are focusing on markets outside the U.S., with Japanese stocks hitting new highs due to speculation that the high-profile politician might hold elections at the end of January. U.S. stock index futures are generally down, with the market focused on the upcoming U.S. inflation data. U.S. Treasuries are under pressure, the dollar is flat, gold and silver are fluctuating, and crude oil is rising. Morgan Stanley analysts indicate that the market will shift its attention to corporate earnings and inflation data unless unexpected circumstances arise. Core market trends show that Dow futures are down 0.08%, while the Nikkei 225 index is up 3.10%