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Australian Associated Press: Australian shares finish flat after early gains fade

CalendarAugust 9, 2023
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Australian Associated Press: Australian shares finish flat after early gains fade Globally, markets were closely watching for the US consumer price index data for July, set for release on Thursday night AEST, said Corpay Cross-Border Solutions' Currency Strategist for the APAC market, Peter Dragicevich.

"In our opinion, markets, which have jumped on the 'soft landing' bandwagon, appear vulnerable to an upside US inflation surprise," he said.

"Based on the bounce-back in commodity prices and still robust wage growth, we think US inflation risks coming in above market expectations which would rattle equities and strengthen the US dollar against its trading pairs."

Read more here: https://www.msn.com/en-au/money/news/australian-shares-finish-flat-after-early-gains-fade/ar-AA1eVXbo

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