Global markets ‘dodge significant bullet’ with CPI report

CommSec’s Tom Piotrowski says the global markets “dodged a significant bullet” with the United States Consumer Price Index reporting “just below the market’s expectations”. “You had the headline rate of inflation come in at 3.

2 per cent, slight advancement compared to last month, but it was just below the market’s expectations,” Mr Piotrowski told Sky News Australia. “The core rate of inflation which is what we hear so much about in terms of the liberations of central bankers, that came in at 4.7 per cent.” Presented by CommSec.

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‘Good outcome’: Commonwealth Bank posts 2.07 per cent net interest marginCommSec’s Tom Piotrowski says Commonwealth Bank posted a record full year cash profit of $10.16 billion which was up by six per cent and a net interest margin of 2.07 per cent. “The important metrics that the markets are quite focused on at the moment … are things like the net interest margins,” Mr Piotrowski told Sky News Australia. “The net interest margin came in at 2.07 per cent for the full year, so that was a good outcome.” Presented by CommSec.
Source: SkyNewsAust - 🏆 7. / 78 Read more »