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CommSec’s Craig James says there is “a little bit of caution” being shown in the stock markets on Wednesday.
Mr James joined Sky News Australia to discuss the financial moves reacting to inflation data which is affecting the stock market.
“A little bit of caution in the markets from investors in the US and also in Europe ahead of key inflation data that will be out later in the week,” he said.
“Consumer prices in the US on Thursday and then producer prices on Friday.
“Then we got the start of the US profit reporting or earning season on Friday where a number of the major banks report their earnings.”
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