Author: Finance News Network

US investors ignore inflation indicator: Aus shares to open higher

11 Jun 2021 - The ASX200 is slated to rise at the open, following positive direction from Wall Street overnight. Despite a hotter-than-predicted hike in the US consumer price index of 0.6 per cent, Stateside investors ignored the inflation indicator and maintained their appetite to upgrade holdings. All US benchmarks gathered strength and edged higher. US Treasury bond yields for the 10-year note also took a tumble, on the consensus that the current inflation levels are only transitory.