Let’s see what’s making headlines in the financial markets today.
The headliner was expected to be the US Consumer Price Index data release, but market reaction was muted when the inflation figures for the US came out exactly as expectations. Federal Reserve remained on track to raise interest rates. This made the US dollar weakened against most major currencies this morning.
Closer to home, Australia’s Westpac Consumer Confidence index was released at -2.3%, but otherwise, market expectations are largely flat for Australia.
Meanwhile, for tonight we have New Zealand’s Gross Domestic Product quarterly ratios together with US Retail Sales for the month of February and the Japanese Foreign Investment bond releases for March.
That’s all from our markets update today…..Vinaka