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Morning Report 20 June 24: Aussie shares expected to slip ahead of Guzman y Gomez debut on the ASX
Manage episode 424459720 series 3531694
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US markets were closed for the Juneteenth public holiday, while European markets showed mixed performance. The UK's inflation rate fell to the Bank of England's 2% target for the first time in nearly three years, but core inflation remains high at 3.5%, with services inflation near 6%. Political uncertainty weighed on European markets, with the French market particularly affected by fiscal concerns. In commodities, oil prices dipped slightly, while metals like copper and aluminium saw gains. The Aussie dollar rose slightly, influenced by the Reserve Bank of Australia's cautious stance. Today, Australian shares are expected to open lower ahead of Guzman and Gomez's highly anticipated IPO.
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