It was all going so well as the market pushed through the 5400 level early on the back of better overseas markets and the BHP number

Henry Jennings
Henry Jennings Marcustoday.com.au

It was all going so well as the market pushed through the 5400 level early on the back of better overseas markets and the BHP number. However the inflation number at 11.30 put the kibosh on the rally as it showed the RBA has little room to move on interest rates with fuel, travel ,utility rates and property all adding to the 1.2% rise against consensus at 0.8%. The Aussie dollar soared to 97.45 on the news and the market having topped at 5402 gave it all back and more closing down 17 at 5356.Read More at (VIEW LINK) and sign up to follow teh blog!

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