Market Review & Economic Update July 2023
As the inflation rate begins to ease, with consumer inflation slowing to a 13 month low in May, many commentators expressed hope that further interest rate rises may be kept in check.
That led to a slight improvement in investor outlook for stocks at the end of June.
The S&P/ASX 200 closed the month at about the same level as in May but, over the financial year, it’s risen more than 10%.
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Hugh Robertson