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S&P/ASX 200 up 0.8% around midday, breaks 6,300 level

The ASX 200 is up 0.79% or +49.4 points to 6,309.2 points at 12.18pm.

green arrow going upwards
S&P 500 Index finished up 0.10% and the Nasdaq Composite finished up 0.22% last night

S&P/ASX 200 (INDEXASX:XJO) started the trading session positive and has continued that way throughout the morning session, breaking through 6,300 just before 11.00am.

Both the S&P 500 Index (INDEXSP:.INX) and the Nasdaq Composite (INDEXNASDAQ:.IXIC) finished marginally higher overnight in the US as their earnings season continues.

News flow has been steady across the Australian market with a short trading week ahead given the Easter Monday and ANZAC Thursday non-trading days.

Quarterly inflation data tomorrow

The major piece of economic data out this week for the Australian market is the quarterly CPI figure on Wednesday at 11.30am.

The data shows the change in the price of goods and services purchased by consumers.

Inflation alongside employment are arguably the RBA’s two most important data points when it comes to determining interest rates.

 

 

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