Morning Report 10 Jun 22: US sharemarkets fell on Thursday

Investors were nervous ahead of the release of consumer price data on Friday. The core (underlying) rate is tipped to have risen by 0.5% in May which would see the annual inflation rate ease for another month and potentially indicate that inflation has peaked. The Dow Jones index closed lower by 638 points or 1.2% with selling accelerating in the final hour of trade. The S&P 500 index lost 2.4% with the Nasdaq index down by 332 points or 2.8%.

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness.  This report is under copyright to CommSec and the Bank and may not be used without their prior consent.