Lonsec Market Update

Market Update – June 2022

This month:

  •  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.

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