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Consumer staples

7-Up for S&P/ASX 200 (INDEXASX:XJO)

The benchmark S&P/ASX 200 (INDEXASX: XJO) index added 21.8 points, or 0.3 per cent, to 7600.2 at the closing bell, with seven out of the 11 sectors finishing in the green. The All Ordinaries (INDEXASX: XAO) edged up 0.3 per cent.

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Oil and gas lifts local market on Monday

The S&P/ASX 200 (INDEXASX: XJO) closed up 23 points, or 0.3 per cent, to 7578.4, around 50 points shy of its all-time high reached in August 2021. The broader All Ordinaries (INDEXASX: XAO) gained 23.1 points, also 0.3 per cent, to 7,808.3.

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CPI test ahead

Annual core inflation dropped to 2.9%, and if we used rents on new housing leases – rather than the (lagging) average rent on all housing leases in the calculation – annual core inflation would already be close to the Fed’s 2% target level.

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7-Up for S&P/ASX 200 (INDEXASX:XJO)

The benchmark S&P/ASX 200 (INDEXASX: XJO) index added 21.8 points, or 0.3 per cent, to 7600.2 at the closing bell, with seven out of the 11 sectors finishing in the green. The All Ordinaries (INDEXASX: XAO) edged up 0.3 per cent.

Listen now

Oil and gas lifts local market on Monday

The S&P/ASX 200 (INDEXASX: XJO) closed up 23 points, or 0.3 per cent, to 7578.4, around 50 points shy of its all-time high reached in August 2021. The broader All Ordinaries (INDEXASX: XAO) gained 23.1 points, also 0.3 per cent, to 7,808.3.

Listen now

CPI test ahead

Annual core inflation dropped to 2.9%, and if we used rents on new housing leases – rather than the (lagging) average rent on all housing leases in the calculation – annual core inflation would already be close to the Fed’s 2% target level.

Listen now
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