ASX to rise, $A leaps, Wall Street higher, US bond yields plunge

News Snapshot:

Fundstrat Global’s Tom Lee said: “June CPI was very good, showing a downside break in core inflation and hints of sustainable decline in inflationary pressures for the next few months.” Lee said the firm’s tactical trade, set earlier this week, “remains intact and we see [the] S & P 500 gaining 100 points this week, exceeding 4500. But as we highlighted yesterday, this could be low: prior CPI surprises saw S & P 500 gain 180-225 points; this is a positive surprise; and, bear views are getting shattered.” Oxford Economics said: “Our baseline forecast is for a mild recession to...