- Stocks move higher and bond yields lower as interest rate expectations are further dialed in after Fed Waller yesterday spoke about seeing case for rate cut in several months if inflation takes on course, suggesting a move in H1 2024, alongside a significant drop in German states and Spain’s CPI readings, ahead of Germany’s national reading at 08:00 ET.
Woolworths, one of the country's biggest employers which makes up nearly 40% of all supermarket sales in Australia, said sales trends in October so far have been in line with its first quarter. While the cost-of-living pressures across Australia remained elevated, demand for groceries and essential items remained robust with supermarkets passing on the rising costs from suppliers to shoppers.