Latest stock market news videos & Morning Bell

In today’s market update, we’re diving into the latest inflation numbers for Australia, with underlying inflation falling to its lowest level in 3 years at 3.2%, exceeding expectations and bringing it closer to the RBA’s target range. While CPI for the 12-months to December rose by 2.4%, we saw some sectors, like housing and transport, offsetting price increases in areas like recreation and alcohol. This decline in inflation raises hopes for a rate cut from the RBA, though challenges like rising energy costs and sticky services inflation could complicate the outlook. Plus, a strong labour market and recent unemployment data are key factors influencing the RBA’s decisions. With markets now pricing in an 84% chance of a rate cut, the tech sector is leading the charge on the ASX today, fueled by investor optimism and a strong overnight performance in the Nasdaq. Stay tuned as we unpack the latest moves and what it means for your investments!