Kennedy and Hobbs Shine at Commonwealth Games Ahead of Crucial Aussie Inflation Report

Australia and New Zealand kicked off their day on a high note at the Commonwealth Games, with Oceanic records being set by Lachlan Kennedy and Zoe Hobbs.

Kennedy ran a 9.85 in heavy rain to claim silver, setting a record for a white athlete despite the challenging conditions. He was edged out by Cameroon's Robert Eseme.

Hobbs also broke an area record, securing gold for New Zealand with her impressive performance.

The focus will now shift to economic news, particularly the Australian CPI report due today. The consensus forecast is a steady 4.0% y/y inflation rate, with the trimmed mean expected to rise to 3.7% from 3.6%. Quarterly data will also be released.