Australian TD-MI Inflation Gauge (Apr) M/M 0.6% (Prev. 1.3%); Y/Y 4.3% (Prev. 4.3%)
The April inflation gauge for Australia showed a month-over-month increase of 0.6%, a notable decrease from the previous 1.3%.
PRE-MARKET CHINESE STOCKS NEWS: Mainland China closed, Hong Kong open
BoK Deputy Governor says it is time to think about a rate hike, Yonhap reports; cites more resilient growth and higher inflation than expected
Australian TD-MI Inflation Gauge (Apr) M/M 0.6% (Prev. 1.3%); Y/Y 4.3% (Prev. 4.3%)
[MARKET UPDATE] WTI and Brent futures see a dip of around USD 0.70/bbl in a minute with a volume surge observed; newsflow remains light
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While the year-over-year figure remains steady at 4.3%, the slowdown in the monthly rate may suggest easing inflation pressures, which could potentially influence market expectations for monetary policy adjustments moving forward.
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