CommSec’s Tom Piotrowski says it’s been a “pretty eventful night” on Wall Street with a “laundry list of economic news to get through”.
“So teasing out the important ones in terms of the reports, what stood out was the continued decline in inflation, this time at a producer level,” Mr Piotrowski told Sky News Australia.
He said it was the “biggest monthly fall” in around three years, with a decline of around half of one per cent. “And the annualised decline was the biggest in two years, so that takes the headline producer inflation rate to 6.2 per cent.”
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