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Daily Alert: Markets lap up softer US inflation data

  • Market sentiment has been well supported overnight in classic risk-on fashion, as earmarked by trans-Atlantic gains for equity markets, rising commodity prices and a softer USD.
  • It’s been a good night for equity markets, with most major indices making solid gains.
  • Here in NZ, we’ll get the last key piece of inflation data ahead of the RBNZ meeting next week at 3pm with the latest inflation expectations readings.

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