Here’s 5 things you need to know about the ASX200 this Tuesday 13 December.

1. Australian shares open higher

Wall Street’s rally propelled the S&P/ASX200 higher on Tuesday as global central banks prepare for a big week, culminating in decisions from the U.S. Federal Reserve, Bank of England, and European Central Bank later this week.

2. U.S. inflation update

US November consumer price index (CPI) is released around midnight Australian time and AMP chief economist Shane Oliver says economists expect that inflation moderated further last month.

U.S. CPI numbers are to be released 12:30 am Wednesday AEDT.

3. CSL announces new CEO

Narrow-moat CSL has named a new chief executive to succeed Paul Perreault, who will step down from the role after a decade.

Current CSL chief operating officer Dr. Paul McKenzie will take over as head when that time comes in March 2023.

4. Household confidence bounces back from all-time lows

Consumer sentiment has rebounded after tumbling to its weakest level outside of a recession in November.

Westpac’s monthly consumer sentiment index rose 3% to 80.3 in December. A reading below 100 signals that pessimists outnumber optimists.

Westpac chief economist Bill Evens says households are feeling more skittish now that the worst of the RBA’s rate hikes are over, although inflation and the economy still loom large.

5. Business sentiment negative

The fall in business confidence in France was less than in Germany.

For the first time since December 2021, business confidence has dropped into negative territory, the latest NAB business survey shows.

But NAB chief economist Alan Oster says conditions continued to hold up across the states and territories.

“Activity is holding up and there is little to no indication of any upside to inflation, which remains little changed at these elevated levels across both the labour and purchase cost measures – with a rapid rate of rise seen for retail prices,” Mr. Oster said.

“The gap between current business conditions and business confidence is currently at a record level in the history of the survey except for March 2020,” he said.

“On a more general note, the survey underlines our concern that the vigour in the economy through most of 2022 is about to dissipate as we move into 2023 and forward orders have weakened from +14 in September to +5 in November, adding to a more uncertain view,” Mr. Oster said.