Morning Report 14 Jun 24: Wall Street celebrates on lower inflation numbers

US stocks reached new highs as inflation fears eased, with the S&P 500 and Nasdaq showing modest gains despite a slight drop in the Dow Jones. Lower inflation, indicated by flat consumer prices and declining producer prices, provided relief. However, industrial shares lagged due to economic slowdown concerns. In Europe, political instability and auto sector worries led to market declines, particularly in France and Germany. Meanwhile, Australian shares are expected to dip slightly amid mixed global signals.  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.