Morning Report 11 Dec 24: Stocks waver as traders map out game plan for CPI

US markets remain stable as investors await key CPI figures, while Google makes headlines by claiming a significant quantum computing milestone. In contrast, Oracle shares are experiencing their worst trading day of the year following an earnings miss. Walgreens shares surged on reports that Sycamore Partners, a private equity firm, is exploring a potential acquisition of the pharmacy chain. Across the Atlantic, European markets ended an eight-day winning streak, weighed down by rising economic concerns. Meanwhile, China reported a slowdown in November export growth, signalling potential headwinds for the global economy. Looking ahead, Aussie shares are expected to decline, pressured by falling iron ore prices and a weakening Aussie dollar amid the Reserve Bank of Australia’s dovish outlook. 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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