Markets have reacted to the mixed CPI and HSBC flash PMI data released on Wednesday morning

Markets have reacted to the mixed CPI and HSBC flash PMI data released on Wednesday morning. CPI came in at 0.4% for the quarter with a year to June 2013 rate of 2.4%, in line with expectations of 0.5% and 2.5% respectively. The HSBC flash PMI came in at 47.7, below expectations of 48.2. The market was little changed on the CPI data which was broadly within expectations. However, the lower than expected flash PMI sent the benchmark ASX200 down 20 points and the AUD down half a cent against the greenback, though both markets have since recovered slightly.