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Australia's Monthly CPI Print
Hi! Hans here making a rare Wednesday appearance. We have an important inflation read out at 11:30 am AEDT – The Monthly Inflation Indicator for October.
It's not an all-encompassing print but it has become a tool in the RBA's decision-making process around interest rates. Here is your preview:
Consensus forecast: 5.2% headline year-on-year, according to a Bloomberg survey
Highest forecast: Market Economics' Stephen Koukoulas at 5.5%.
Lowest forecast: HSBC's Paul Bloxham at 4.9%.
Inflation was at 5.6% in September
An upside surprise, even marginally, could add at least one more rate hike to the rates curve. Equally, a downside surprise ,even marginally, could reinforce the global disinflation narrative and send equities far north.
Key Events
ASX corporate actions occurring today:
Trading ex-div: Infratil (IFT) – $0.05, Graincorp (GNC) – $0.30, 360 Capital Mortgage REIT (TCF) – $0.03, Liberty Financial Group (LFG) – $0.12, Newmont Corp (NEM) – $0.42, KKR Credit Income Fund (KKC) – $0.01
Dividends paid: HomeCo Daily Needs REIT (HDN) – $0.02, HealthCo Healthcare and Wellness REIT (HCW) – $0.02
Listing: None
Economic calendar (AEDT):
11:30 am: Australia Construction Work (Q3)
11:30 am: Australia Monthly CPI Indicator (Oct)
12:00 am: Germany Inflation (Nov)
12:30 am: US GDP (Q3)

<blockquote data-quote="eskys" data-source="post: 1253636" data-attributes="member: 87320"><h2>Australia&#039;s Monthly CPI Print </h2>Hi! Hans here making a rare Wednesday appearance. We have an important inflation read out at 11:30 am AEDT –&nbsp; The Monthly Inflation Indicator for October.It&#039;s not an all-encompassing print but it has become a tool in the RBA&#039;s decision-making process around interest rates. Here is your preview:<ul>
<li data-xf-list-type="ul">Consensus forecast: 5.2% headline year-on-year, according to a Bloomberg survey</li>
<li data-xf-list-type="ul">Highest forecast: Market Economics&#039; Stephen Koukoulas at 5.5%.</li>
<li data-xf-list-type="ul">Lowest forecast: HSBC&#039;s Paul Bloxham at 4.9%.</li>
<li data-xf-list-type="ul">Inflation was at 5.6% in September</li>
</ul>An upside surprise, even marginally, could add at least one more rate hike to the rates curve. Equally, a downside surprise ,even marginally, could reinforce the global disinflation narrative and send equities far north.<h3>Key Events</h3>ASX corporate actions occurring today:<ul>
<li data-xf-list-type="ul">Trading ex-div: Infratil (IFT) – $0.05, Graincorp (GNC) – $0.30, 360 Capital Mortgage REIT (TCF) – $0.03, Liberty Financial Group (LFG) – $0.12, Newmont Corp (NEM) – $0.42, KKR Credit Income Fund (KKC) – $0.01 </li>
<li data-xf-list-type="ul">Dividends paid: HomeCo Daily Needs REIT (HDN) – $0.02, HealthCo Healthcare and Wellness REIT (HCW) – $0.02 </li>
<li data-xf-list-type="ul">Listing: None</li>
</ul>Economic calendar (AEDT):<ul>
<li data-xf-list-type="ul">11:30 am: Australia Construction Work (Q3)</li>
<li data-xf-list-type="ul">11:30 am: Australia Monthly CPI Indicator (Oct)</li>
<li data-xf-list-type="ul">12:00 am: Germany Inflation (Nov)</li>
<li data-xf-list-type="ul">12:30 am: US GDP (Q3)</li>
</ul></blockquote>

[QUOTE="eskys, post: 1253636, member: 87320"] [HEADING=1]Australia's Monthly CPI Print [/HEADING] Hi! Hans here making a rare Wednesday appearance. We have an important inflation read out at 11:30 am AEDT – The Monthly Inflation Indicator for October. It's not an all-encompassing print but it has become a tool in the RBA's decision-making process around interest rates. Here is your preview: [LIST] [*][B]Consensus forecast:[/B] 5.2% headline year-on-year, according to a Bloomberg survey [*][B]Highest forecast[/B]: Market Economics' Stephen Koukoulas at [B]5.5%.[/B] [*][B]Lowest forecast[/B]: HSBC's Paul Bloxham at [B]4.9%.[/B] [*][B]Inflation was at 5.6% in September[/B] [/LIST] An upside surprise, even marginally, could add at least one more rate hike to the rates curve. Equally, a downside surprise ,even marginally, could reinforce the global disinflation narrative and send equities far north. [HEADING=2]Key Events[/HEADING] ASX corporate actions occurring today: [LIST] [*][B]Trading ex-div[/B]: Infratil (IFT) – $0.05, Graincorp (GNC) – $0.30, 360 Capital Mortgage REIT (TCF) – $0.03, Liberty Financial Group (LFG) – $0.12, Newmont Corp (NEM) – $0.42, KKR Credit Income Fund (KKC) – $0.01 [*][B]Dividends paid: [/B]HomeCo Daily Needs REIT (HDN) – $0.02, HealthCo Healthcare and Wellness REIT (HCW) – $0.02 [*][B]Listing[/B]: None [/LIST] Economic calendar (AEDT): [LIST] [*][B]11:30 am[/B]: Australia Construction Work (Q3) [*][B]11:30 am[/B]: Australia Monthly CPI Indicator (Oct) [*][B]12:00 am[/B]: Germany Inflation (Nov) [*][B]12:30 am[/B]: US GDP (Q3) [/LIST] [/QUOTE]

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