Q2 Australian CPI preview and what comes next for the ASX200
Tucked in between this week's FOMC meeting, U.S Q2 GDP data, and earnings reports from U.S mega tech is the release of Australian Q2 inflation data
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Tucked in between this week's FOMC meeting, U.S Q2 GDP data, and earnings reports from U.S mega tech is the release of Australian Q2 inflation data
In a reversal of roles, Australian Q4 CPI data released earlier this week has proved to be a reliable predictor of inflation in New Zealand, as annual inflation in New Zealand accelerated to a 30 year high earlier today.
The rout in U.S. stock markets deepened last week on concerns over rising interest rates and heightened tensions between Russia and Ukraine. The broader U.S. share market has now fallen 8.3% from its high of early January, while the tech-heavy Nasdaq is down ~14% from its all-time high from November.
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