25/01/2023

Today’s Announcements & News

AU Fourth quarter CPI at 11.30am AEDT

NZ fourth quarter CPI at 8.45am AEDT, December credit card spending;

 

Eurozone January IFO business climate survey

 

Australia

Australian shares were poised to open lower, tracking modest moves in New York. US stocks started to turn more positive in afternoon trading as investors assessed and awaited this week’s wave of quarterly results.

 

ASX futures were down 10 points or 0.1 per cent to 7425 near 7am AEDT.

 

United States

The S&P Global flash January composite purchasing managers index rose 1.6 points to 46.6, the group reported. Readings below 50 indicate falling activity. The gauge of input prices climbed for the first time since May.

 

While the improvement in the composite measure of output at factories and services providers was the first in four months and points to a slower rate of deterioration, the gain in the price index indicates businesses are still contending with rising costs for labor and some materials.

 

 

Commodities

Goldman Sachs and Bank of America have relinquished their lead roles on Abu Dhabi National Oil Co’s planned mega initial public offering of its natural gas business, people with knowledge of the matter said