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Daily Alert: Markets look through higher US inflation readings

  • Overnight the focus for markets was US March inflation data, which did not disappoint with consumer prices jumping a stronger than expected 0.6% mom.
  • Equity markets took the higher inflation print in their stride, with the S&P500 and Nasdaq touching record highs.
  • Locally, the Q1 NZIER Quarterly Survey of Business Opinion (QSBO) signalled a low growth/higher inflation mix for the economy.

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