Inflation cooling, growth resilient

The S&P/ASX 200 Accumulation Index returned 1.76% in June with the resource sector lifting by 4.55%. Global share markets increased by 3.12% as represented by the MSCI World ex-Australia Index with US technology and Japanese shares driving the performance over the month. Bond markets retreated on stronger economic data in the US. We continued to observe an easing in headline inflation both in the in the US and domestically. However, as we have written in our past updates, core inflation around the world remains well above global central bank’s target save China, and it is core inflation that is coming down slowly that has us expect that interest rates in the US and Australia will remain higher for longer. ​​​​​​ (Please find the link below to read the full article)

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