03/07/2026
June delivered a mixed picture for the Australian economy as the new financial year begins. Headline inflation eased, but underlying inflationary measures rose to their highest level in almost two years, reinforcing expectations that interest rates may remain higher for longer.
Domestic data highlighted ongoing structural pressures. Building approvals remained subdued, signalling persistent constraints on housing supply despite strong demand. Consumer confidence weakened, falling 2.9% to 80.6, returning to pessimistic levels after a brief improvement in May.
Australian share markets were volatile, with the ASX 200 moving within a narrow range as investors responded to shifting rate expectations and global uncertainty.
Globally, shares delivered strong gains; however, risks remain elevated. In the United States, concerns about policy direction and financial stability unsettled markets, while geopolitical tensions including the on-again, off-again ceasefire in the Gulf continued to cause inflationary and supply risks.
Click the video below to view our update.
๐๐ญ๐ฆ๐ข๐ด๐ฆ ๐จ๐ฆ๐ต ๐ช๐ฏ ๐ต๐ฐ๐ถ๐ค๐ฉ ๐ช๐ง ๐บ๐ฐ๐ถโ๐ฅ ๐ญ๐ช๐ฌ๐ฆ ๐ข๐ด๐ด๐ช๐ด๐ต๐ข๐ฏ๐ค๐ฆ ๐ธ๐ช๐ต๐ฉ ๐บ๐ฐ๐ถ๐ณ ๐ฑ๐ฆ๐ณ๐ด๐ฐ๐ฏ๐ข๐ญ ๐ง๐ช๐ฏ๐ข๐ฏ๐ค๐ช๐ข๐ญ ๐ด๐ช๐ต๐ถ๐ข๐ต๐ช๐ฐ๐ฏ.