Morning Report 13 Jan 22: ASX set for a flat as markets reflect on latest inflation news

US sharemarkets edged higher on Wednesday. Mega-cap technology shares of Apple (+0.3%), Microsoft (+1.0%), Alphabet (+1.2%) and Tesla (+3.9%) all lifted after US consumer prices data that largely met expectations eased some investor concerns about faster-than-expected US interest rate hikes. Shares of Dish Network lifted 2.8% following news that the company is in merger talks with DirectTV. But Goldman Sachs shares fell by 3.2% ahead of major bank reporting results on Friday. At the close of trade, the Dow Jones index rose by 38 points or 0.1% with the S&P 500 index up by 0.3%. And the Nasdaq index added 35 points or 0.2%.   US treasuries were little changed on Wednesday after a reading on inflation was largely in-line with expectations and kept investor views on the path of US Federal Reserve policy intact. The US Treasury sold US$36 billion of 10-year notes at a yield of 1.723% into solid demand. US 10-year yields fell by 1 point to near 1.74%. But US 2-year yields rose by 1 point to near 0.91%.

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