Daily Alert: Inflation watching across the Tasman

  • The focus shifts to today’s 1.30pm Q3 Australian CPI release.
  • For now, inflation worries were placed on the backburner, with the major US and European equities up overnight and the S&P500 and Dow notching record highs as strong corporate earnings provided some positivity.
  • Today’s October reading for the ANZ business outlook might shed some light on unexpectedly strong preliminary readings for own activity metrics.

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