New Zealand Morning Focus

Global equity markets experienced a downturn due to Middle East geopolitical escalations and a tech sell-off, while US CPI data showed headline inflation rising but core inflation moderating.

Key Takeaways

• 1.Global equity markets declined amid geopolitical tensions in the Middle East and a tech sector sell-off.
• 2.US headline CPI rose 0.5% m/m, while core CPI showed moderation at 0.2% m/m, suggesting potential cooling inflation.
• 3.Oil prices increased amid Middle East conflict escalation, with WTI rising 2.5%.

Table of Contents

• Highlights
• Data and events today
• Financial markets
• Global markets overview
• Key data and events
• Key themes and views

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