- Australia’s S&P/ASX 200 Index finished the month of May -2.6%, with all sectors of the market lower except Materials.
- The US Federal Reserve has raised rates by 0.5%, the most aggressive interest rate increase in over 20 years, in response to the high inflation rate.
- Annual inflation rose to 8.1% in the Euro zone, largely driven by energy prices.
- The RBA raised the cash rate to 0.35% in May, the first increase in 10 years, amid rising inflation.
Read the full Market Update prepared by Lonsec here.