The local market is tipped to trade red on Thursday following the S&P500 declining -0.12% overnight (though, the NASDAQ ended 30pts higher.)
This comes even after the ASX200 re-entered record territory on Wednesday following a CPI read widely perceived as a signal the RBA is likely to cut in August (something about which I still have partial doubts.)
We get retail trade data today, too; that’s on the way out in favour of the household spending indicator.
The market isn’t expecting it to mean much either way, and it rarely moves the ASX200.
In commodities, Iron Ore hovering just below $100/tn on the SGX.
Join the discussion: See what’s trending right now on HotCopper, Australia’s largest stock forum, and be part of the conversations that move the markets.