The Aussie market caught its breath today after yesterday’s strong rebound. We traded in a tight range for most of the session and finished up a touch, enough to make it two days of gains. Miners did the heavy lifting, rising about 1.7% thanks to firmer iron ore and stronger gold prices, while financials slipped roughly 0.7%. Bendigo and Adelaide Bank tumbled more than 7% after flagging deficiencies in money-laundering risk systems while on the other hand, Webjet impressed with record results and lifted 9%. Tonight is packed with US economic data, and tomorrow’s local inflation numbers at 11:30 a.m. will be the major focus, with headline annual inflation expected to push towards 3.9%.

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