{"id":37444,"date":"2025-08-01T05:36:10","date_gmt":"2025-08-01T05:36:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/37444\/"},"modified":"2025-08-01T05:36:10","modified_gmt":"2025-08-01T05:36:10","slug":"are-wall-street-highs-and-soft-inflation-setting-up-a-bullish-run-for-aussie-stocks","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/37444\/","title":{"rendered":"Are Wall Street highs and soft inflation setting up a bullish run for Aussie stocks?"},"content":{"rendered":"<p>UK: Interest rate meeting<\/p>\n<p>Date:\u00a0Thursday, 7 August at 9:00\u202fpm (AEST)<\/p>\n<p>At its June meeting, the BoE\u2019s Monetary Policy Committee (MPC) voted 6\u20133 to hold the bank rate at 4.25%,\u00a0with Dhingra, Ramsden, and Taylor dissenting for a 0.25 percentage point (pp) cut to 4%.<\/p>\n<p>The MPC retained its &#8216;careful and gradual&#8217; easing guidance, with minutes noting dovish signals from weak underlying UK GDP growth, increasing labour market slack, and moderating pay growth, though the majority viewed inflation <a href=\"https:\/\/www.ig.com\/en-ch\/glossary-trading-terms\/risks-definition\" rel=\"nofollow noopener\" target=\"_blank\">risks<\/a> as balanced.<\/p>\n<p>Since the June meeting, core UK inflation rose to 3.7% in June, driven by persistent wage inflation and higher labour costs, while the unemployment rate climbed to 4.7%, the highest in nearly four years. Meanwhile, GDP growth contracted by 0.1% MoM in May following a 0.3% MoM fall in April, sparking fears of contraction when Q2 numbers are released in mid-August.<\/p>\n<p>Markets are pricing an 82% probability of a 0.25 pp rate cut at the BoE\u2019s August meeting, with expectations for another cut in December, potentially lowering the bank rate to 3.75% by year-end.<\/p>\n<p>BoE official bank rate chart<\/p>\n","protected":false},"excerpt":{"rendered":"UK: Interest rate meeting Date:\u00a0Thursday, 7 August at 9:00\u202fpm (AEST) At its June meeting, the BoE\u2019s Monetary Policy&hellip;\n","protected":false},"author":2,"featured_media":22285,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[84,467,56,54,55],"class_list":{"0":"post-37444","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/37444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=37444"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/37444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/22285"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=37444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=37444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=37444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}