Daily Alert: Global shares post solid gains while local shares dip

  • European sharemarkets closed higher on Friday and US sharemarkets advanced on Friday; in contrast, the local sharemarket dipped 0.3%  and on Friday, and 0.6% over the week.
  • US Treasury prices fell on Friday (yields higher) in response to a surprise lift in retail sales.
  • We expect a 1.7% qoq climb in Q3 in consumer prices today at 10.45am, with annual CPI inflation hitting a decade-high 4.4%.

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