Australian shares are set to edge lower. $A retreats. First-quarter inflation data on Wednesday. US big tech takes centre stage.
Expert James Aitken warns that national security is the macro variable that will influence returns in the long run. And interest rates are going up.On Wall St: Dow +0.1% SStoxx 50 +0.5% FTSE +0.2% CAC +0.5% DAX +0.5%Iron ore -6.3% to $US108.10 a tonneThe key data point this shortened-trading week will be first-quarter CPI data on Wednesday. Here are some expectations:: “We expect Q1 CPI ... to confirm the long-expected peak in annual inflation occurred in Q4. We see headline inflation at 1.
Butters’ reality check: The blended earnings decline for the first quarter is -6.2 per cent of as Friday in New York. In his weekly kickstart note, Kostin said in contrast with uncertainty about the US economy, Goldman forecasts real China GDP growth of 6.0 per cent in 2023, which is above consensus and the stated goal of policymakers .
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