This month:

•  Australia’s S&P/ASX 200 Index finished June materially lower ending -8.8%. All sectors with the exception of Consumer Staples were negative.
• The US Federal Reserve has raised rates by 0.75%, in response to the high inflation rate.
• Annual inflation rose to 8.8% in the Euro zone, strengthening the case for the ECB to raise interest rates.
• The RBA raised the cash rate to 0.85% in June, in an attempt to bring inflation under control.

Read the full Market Update prepared by Lonsec here.