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Henry Jennings, Senior Investment Analyst & Portfolio Manager at Marcus Today

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With inflation expected to drop to the RBA’s target of 2-3% in Wednesday’s quarterly update, will the market be waiting to react?

MARKET WRAP:

    • ASX200: up 0.34% to 8,249
    • GOLD: $2,766 US/oz
    • BITCOIN: $108,021 AUD
  • Travel tech company Serko surging 22% to $3.00 on the news that it would expand its operations in North America in partnership with Nasdaq-listed Sabre Corp.
  • Mineral Resources repaired some recent damage, gaining back 7.2%
  • Real estate stocks were stronger with Goodman Group 1.2% higher, and Stockland & Vicinity Centres both higher.
  • Cettire saw its shares fall by 17.3% to $1.77.

CURRENCY UPDATE:

  • AUD/USD: 65.69 US cents
  • AUD/GBP: 50.7 pence
  • AUD/EUR: 60 Euro cents
  • AUD/JPY: 100 Japanese yen
  • AUD/NZD: 1.10 NZ dollars
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