The CommSec Market Update 27 Feb 23: Wall Street posts biggest weekly drop in 2023 after hot inflation report

The Aussie sharemarket is set to fall on Monday with ASX SPI futures pointing down after a disappointing night on Wall Street on Friday. The US central bank’s preferred inflation measure re-accelerated in January, spooking investors worried about aggressive rate hikes. It’s a huge day for Aussie companies with around 60 scheduled to release earnings results, while 10 stocks trade ex-dividend.

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