US sharemarkets fell in overnight trading following the release of inflation data that showed an uptick in price growth. Investors are now concerned they won't be seeing rate cuts as soon as hoped. And the bond market continued to signal danger with a further increase in longer-dated yields. All this meant strong reports from US financials overnight weren't enough to save them from largely declining. Of note, the Hang Seng remains bullish, up 1.6%. While the ASX 200 is down mid morning, led by goldminers.
Stocks mentioned include Bank of New York Melon, Blackrock, Citigroup, Goldman Sachs, Johnson & Johnson, JPMorgan, Newmont, Rio Tinto, Wells Fargo
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