‘Interesting session’ for US markets overnight

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 78%

Australia Headlines News

Australia Latest News,Australia Headlines

CommSec’s Tom Piotrowski says the core measure of the United States’ PCE deflator moderated from 5.2 to 5 per cent over the last month – allowing markets to consolidate on the recent fall in long-term interest rates.

“It was an interesting session for Northern Hemisphere markets, particularly where the US was concerned,” he told Sky News Australia.

“We saw the release of a measure of inflation that the US Federal Reserve looks at really carefully, it’s tied to what US workers earned and spent over the course of last month and importantly it was within the market’s expectations.Presented by CommSec.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘I’m happy’: Tom Trbojevic backs Seibold to revive ManlyManly superstar Tom Trbojevic hopes Des Hasler isn’t lost to rugby league but is fully supportive of the club’s new direction | proshenks
Source: smh - 🏆 6. / 80 Read more »

The Manchester United superstar standing between the Socceroos and historyChristian Eriksen is a cross between Tom Brady and Cameron Smith, the man who runs the Denmark team and hits an array of passes with the finesse of a golfer. What makes him so good?
Source: brisbanetimes - 🏆 13. / 67 Read more »

The Manchester United superstar standing between the Socceroos and historyChristian Eriksen is a cross between Tom Brady and Cameron Smith, the man who runs the Denmark team and hits an array of passes with the finesse of a golfer. What makes him so good? app85 I think Australia can win this
Source: smh - 🏆 6. / 80 Read more »

US Federal Reserve’s Chair speaks of possibility of ‘moderating pace of rate hikes’CommSec’s Tom Piotrowski says US Federal Reserve Chairman Jerome Powell released a text of a speech he’s going to make, which spoke of the possibility of the central bank moderating their pace of rate hikes. “The markets had been hoping for something like this with mixed success over the course of the last couple of weeks,” he told Sky News Australia. “The markets have been volatile in their response to this sort of thinking.” Presented by CommSec.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Royals unite to tackle violence against womenQueen Consort Camilla has united with other European royals to champion '16 days of activism' which aims to eliminate violence against women. 7NEWS
Source: 7NewsSydney - 🏆 16. / 63 Read more »

Bellevue Hill estate of Holocaust survivor Tom Breuer and art critic Eva Breuer has $50m hopes - realestate.com.auThe Eastern Suburbs estate of Holocaust survivor Tom Breuer and art critic Eva Breuer is up quietly for sale with $50m hopes following a secret $50m+ sale next door.
Source: dailytelegraph - 🏆 21. / 51 Read more »