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