Market Close 08 Jan 25: Inflation data opens door for Feb rate cut

The ASX 200 has extended its 2025 winning streak to five days, driven by a positive market reaction to November's inflation data. While headline inflation rose slightly due to electricity and fuel costs, core inflation dropped to 3.2%, below expectations, increasing the likelihood of an interest rate cut by the RBA in February. Materials and financials sectors led gains, with miners benefiting despite falling iron ore prices, while tech stocks fell following weaker U.S. market performance. Gold miners surged on strong quarterly updates, but uranium and some individual stocks faced significant declines. Looking ahead, key data releases, including retail sales, jobs, and U.S. Federal Reserve minutes, could shape market movements and rate expectations.   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.