Markets live: Wall Street retreats as oil prices continue to rise, ASX set to slip
Australian markets are bracing for a week of significant economic data, including quarterly CPI inflation figures and producer price indices. Investors are closely watching these indicators to gauge the persistence of inflation and potential reactions from the Reserve Bank of Australia.
Why it matters
The data will influence RBA policy decisions and provide insight into whether underlying inflation pressures are easing or intensifying in the Australian economy.
This week: Australian inflation, global rates decisions S By Stephen Letts
Wed: CPI inflation (Q3), RBA senate committee hearing
Thu : International trade prices (Q3), Resmed FY results, Capstone Copper Q3 results
Fri: Private sector credit (Sep), Producer Price Index (Q3)
US — Durable goods orders (Sep) Home prices (Aug)
Thu: US — Federal Reserve rates decision, PCE inflation (Sep), GDP (Q3)
Locally, the key event of the week will be the Q3 CP I from the ABS on Wednesday.
The market consensus is that the headline inflation rate will be 1.3% over the quarte r, up from 0.6%, but will hold the annual pace flat at 3.9%.
The RBA's preferred Trimmed Mean measure is expected to come in at 0.6% over the quarter is forecast to edge up to around 1.o%, which would also see the annual hold at 3.6%.
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