Morning Report 15 Mar 23: Wall Street lifts as inflation cools and regional US bank jitters subside

A positive start to trade is expected in Australia on Wednesday after several days of losses. Wall Street rebounded as largely in-line US inflation data and waning fears over contagion in the US banking sector cooled expectations regarding the size of the US rate hikes. European markets close higher led by gains in the banking sector. Oil tanks ahead of the release of Chinese economic data later today.

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