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Live: ASX set to edge lower in first session after budget, Wall Street mixed
Key takeaways
- It comes after a mixed night on Wall Street, with the Dow Jones rising 0.1 per cent while the Nasdaq fell 0.7 per cent and the S&P 500 dropped 0.15 per cent.
- The US markets were spooked by the consumer price index (CPI), which rose by 3.8 per cent in the 12 months to April, the worst numbers since May 2023.
- Follow the day's financial news and insights from our specialist business reporters on our live blog.
Why this matters: an international story with cross-border implications worth tracking.
Link copied Share Share article As the nation digests last night's budget, Australian shares are set for another day of losses, with the SPI futures pointing to 0.1 per cent fall by the ASX 200.
It comes after a mixed night on Wall Street, with the Dow Jones rising 0.1 per cent while the Nasdaq fell 0.7 per cent and the S&P 500 dropped 0.15 per cent.
The US markets were spooked by the consumer price index (CPI), which rose by 3.8 per cent in the 12 months to April, the worst numbers since May 2023.
Article preview — originally published by ABC Australia. Full story at the source.
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