Market Close 29 Apr 26: Inflation surges on high oil prices

The ASX200 fell about 0.25% to a three week low, marking a seventh straight session of declines. March CPI surprised a touch below forecasts at 4.6% headline while trimmed mean was 3.5%, leaving markets still pricing a likely RBA hike next Tuesday. Utilities and energy outperformed, oOh!Media jumped on a Pacific Equity Partners bid. Watch the US Fed decision and major US tech results. Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean. 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.