US CPI came in slower than expected at 8.5% YoY, with markets rallying on the release. The Dow closed up 535 points (+1.6%) and the Nasdaq gained 2.9%. SPI Futures are up 70 points (+1%) following the rally in the US. Get up to speed on all you need to know with Henry’s Breakfast Briefing.

• ASX 200 SPI Futures up 70 points (1.0%)
• Dow surges 535 points (1.6%) on CPI beat. of 8.5%
• Nasdaq up 361 points (2.9%)
• S&P 500 up 88 (2.1%)
• Base metals better. Nickel up 3.9% Gold slightly higher.
• Oil up 1.1% Iron ore unchanged.
• TLS and QBE drop early Results remain in focus.

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