Monday Market Highlights: 15 July 2024

In this week’s Monday Market Highlights, Investment Analyst Kate Power discusses the US CPI print, which was lower than expected, along with headline inflation which fell 0.1% month-on-month. Closer to home, the RBNZ kept the cash rate steady 5.50% but signalled a shift towards easing monetary policy. In Australia, the CBA Household Spending Insights Index rose 0.6% for June, with overall spending growing 3.9%. In equity news, Kate covers Telstra, and the US second quarter earnings season kick-off, with PepsiCo and Delta Air results. She also looks into US banks JP Morgan, Wells Fargo and Citigroup.   This podcast is intended to provide general information only. It does not take into account your investment needs or personal circumstances. It is not intended to be viewed as investment or financial advice. Should you require financial advice you should always speak to a Financial Adviser. Past performance is not a reliable indicator of future performance. Milford is an active fund manager with views and portfolio positions subject to change.