Stock Market Today: Futures up Ahead of Consumer Price Index Report
A softening in the data could reinforce investor confidence in the ability of the Federal Reserve to tame inflation, which is at 40-year highs.
Source: businessinsider.com
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Hong Kong to 'inevitably' cut growth forecast for 2022, finance chief warns
Financial Secretary Paul Chan points to likelihood of further US rate rises and sluggish recovery of domestic market
Source: scmp.com
Cash rate to dent big bank earnings: VanEck
The Reserve Bank of Australia’s decision to raise the official cash rate by 25 basis points to 0.35% will put the big four banks under pressure in the month ahead, according to VanEck.
Source: moneymanagement.com.au
Inflation hits highest rate since 2000 | Money Management
Inflation has risen to 5.1% in the March quarter with the focus on the RBA to raise rates sooner than expected.
Source: moneymanagement.com.au
Oil Price: Crude Down on China COVID Lockdowns and Fed Rate Outlook
China has stood by its "zero-COVID" policy. That means lockdowns, mass testing, and travel restrictions, with Shanghai locked down since March.
Source: businessinsider.com