Market ‘pensive’ ahead of December quarter inflation figures

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CommSec’s Tom Piotrowski says the markets could be reasonably forgiven for being “pensive” ahead of the December quarter CPI figures to be released later this morning.

“We had a reasonable improvement yesterday, we were up by a little under a half of one per cent – markets could reasonably be forgiven

for being a bit pensive ahead of the fourth quarter CPI figures which will be released later on this morning,” he told Sky News Australia.

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Technology stocks are ‘having a revival’CommSec’s Tom Piotrowski says technology stocks are 'really having a revival” and are “almost leading sentiment' in the market. “We’ve got the Nasdaq up by 1.7 per cent, the S&P 500 up by about a per cent and the Dow up by 0.6 of a per cent,” Mr Piotrowski told Sky News Australia. “So some of the tech stocks are really having a revival, the big marquee names, in particular. “Netflix stands out, they had some very good earnings numbers last week, which has lifted sentiment, the stocks up by about five per cent today.” Presented by CommSec.
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