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The ASX200 has been up 0.85% at 8,470 points.
Today’s CPI release beat consensus expectations and has been welcomed by the Federal Treasurer and would be pleasing for the RBA.
Quarterly trimmed mean annualised printed at 2%, the lower bound of its target range, increasing the chance of a February rate cut. However, given recent tightening in the labour market and the weaker Aussie dollar, there’s still the chance the RBA may exercise caution and delay the first cut until Q2 this year.
All sectors are in positive territory and IT has been leading the charge, up 2.25%, followed by Real Estate, up 1.5%, and Telecommunication, up 1.2%.
Company News
Boss Energy (ASX:BOE) has been up 10% on news production from the Honeymoon uranium mine in South Australia is on-track to meet production guidance of 850,000 pounds of uranium oxide for FY25.
Boss Energy has been $3.13.
Whitehaven Coal (ASX:WHC) has been up 1% after booking a jump in sales for the December quarter. The company has reported it’s on track to deliver its production and cost guidance for the year.
Whitehaven Coal has been $6.11.
Perseus Mining Ltd (ASX:PRU) has been up 3.6% after releasing its quarterlies. Production rose 9% during the quarter, reaching more than 132,000 ounces.
Perseus Mining has been $2.83.
