Breakfast Briefing – Thu 14 Jul

US stocks hit a roadblock as inflation came in hotter than expected at 9.1%, although recovered into the close. The Dow still finished down 209 points (-0.67%). SPI Futures indicating a muted day of trade, down four points. 

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• ASX 200 SPI Futures down 4 points.
• Dow falls 209 points (0.7%) Choppy and low volume.
• Nasdaq down 17 points (0.2%)
• S&P 500 down 17 points (0.5%)
• US CPI hits 9.1% highest in 41 years.
• Base metals flat. Iron ore up 1.9%
• Gold rises 0.6%
• Oil falt. Biden in Mid East.
• US Banks kicks off reporting season tomorrow. 

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