The Match Out: ASX stalls as investors await Reporting Season
The ASX 200 plateaued today, failing to push to new highs despite a solid session overnight in the US, though there was no clear push in either direction after recent strength.
The market was on edge today ahead of the US inflation read tonight which is expected to show headline CPI of 3.6% for August, up from 3.2% in July due to higher energy prices, testing the narrative that inflation has peaked and so too have interest rates. So, some risk off today throughout Asia while US Futures offered little in the way of support.
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