ASX set to edge up as Australia watches inflation data for RBA clue
The ASX is poised to open higher as markets await Q3 inflation data to guide next week's RBA rate decision.
The ASX 200 is set to edge higher after Wall Street's overnight rally, particularly in tech stocks. The S&P 500 and Nasdaq closed up 0.6% and 1.2% respectively.
The real focus today is Australia's Q3 inflation figures, released at 11:30am by the ABS. The data will be crucial in guiding the Reserve Bank's interest rate decision next week.
RBA Governor Michelle Bullock and other top brass will also front the Senate Estimates Committee in Canberra today, so their responses may reflect any inflation surprise. September's monthly CPI will be released at the same time.
- 0.6%
- S&P 500 overnight gain
- 1.2%
- Nasdaq overnight gain
- 11:30am AEDT
- Data release time
Why it mattersInflation data shapes interest rate decisions that affect mortgage rates, savings returns and household finances across Australia.
AustraliaToday's inflation figures could determine whether the RBA cuts, holds or raises rates next week, directly affecting Australians' mortgages and cost of living.
Corroborated bysmh.com.au
✓ Claims checked against the source. checked 3 h ago
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