Market Close 11 Apr: Markets dip on hotter US inflation

Stevie and Laura let out a sigh of relief with the Aussie market closing better than expected following hair-raising inflation data out of the US that left many investors spooked. However, hopes for a June rate cut have been completely quashed, sitting at a mere 16% chance. In the Australian market three sectors saw gains, while interest rate-sensitive sectors like property and technology declined. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

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