Traders await inflation, Chinese manufacturing data

A flat start to trade is expected this morning but key data later in the session will drive local markets.

Chinese manufacturing and Australian inflation will dominate activity on domestic markets this morning, which are expected to mark time in early trade.

An annualised core inflation read of 2.5% or lower will give the Reserve Bank plenty of leeway for a rate cut at next month’s meeting. Speculation of a rate cut will boost equities and provide selling pressure on the Aussie dollar.

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