Morning Report 16 Jan 25: Stocks rally as U.S CPI quells Fed angst

U.S stocks surged as investors celebrated easing inflation figures, marking the first decline in American core inflation in six months. Broad gains were seen across U.S. markets, buoyed by strong earnings reports from the banking sector. Leading technology stocks also rallied, driven by a fall in long-term interest rates. In the commodities market, oil prices jumped as U.S. crude inventories fell to their lowest levels since 2022, while gold extended its gains following inflation figures that came in below expectations. Looking ahead, Aussie shares are set to open higher, bolstered by positive sentiment from cooler U.S. inflation. The Aussie dollar strengthened in response, as investors anticipate key jobs data that will help shape the outlook for interest rates. 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.