Morning Report 15 Jan 25: Stocks eke out gains in countdown to U.S CPI report

Wall Street saw an advance as U.S wholesale inflation eased unexpectedly, driven by a drop in food prices. Utilities led the markets higher, boosted by increased energy demand fuelled by AI innovations. Bank stocks lifted ahead of upcoming earnings reports, while shares of Eli Lilly, a weight loss drug company, declined due to cuts in revenue guidance. U.S Treasury yields dipped following tame producer prices. Meanwhile, iron ore extended its gains on reduced shipments, and oil prices slipped as sanctions on Russia remained a key focus. Closer to home, Aussie shares are expected to open slightly higher on Wednesday, supported by rising metals prices, though the Aussie dollar remains under pressure despite positive data from China. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.