Australian shares fell sharply as a global bond rout hit risk appetite, with the market verdict pointing to hot inflation as the driver behind the selloff. The domestic data backdr
Australian shares fell sharply as a global bond rout hit risk appetite, with the market verdict pointing to hot inflation as the driver behind the selloff. The domestic data backdrop adds to the softening picture, with job vacancies declining over the quarter and the trade surplus narrowing on higher imports. With the currency still below 70 US cents, investors are weighing sticky inflation against a weakening growth and labor market pulse.
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works